Keeping Holidays Within A Budget

thanksgiving-dinnerHolidays are all about spending time with family and friends. Hosting holiday events can ruin your budget, unless you carefully plan. For ideas on how to stay on track with your budget, read Dave Ramsey’s article,

“How to Be a Host Without Spending the Most”.

Enjoy your holidays, while being kind to your budget!

 

Save

Save

Save

Save

The Real Numbers on the Budget Deficit

a look at the budget cartoonThe March projections on America’s Budget Deficit was projected to reach a 22 percent increase, but the latest projection shows it will be closer to a 35 percent increase or $590 billion.

Read the details of the article: Budget Deficit for FY 2016 Higher Than Originally Projected

 

Save

Save

Save

Save

Get Ready to Save $$$

dollar signs

Learn how to get financial peace while saving money at Dave Ramsey’s 50% off sale.

Visit the website for more information at daveramsey.com

Save

Save

Save

Save

Save

Save

Save

Save

Save

Tracking Spending – There’s an App for That!

a look at the budget cartoonThe word BUDGET is always a dreaded word for everyone, but it is a necessary step in achieving financial freedom. To achieve financial freedom means you are managing your money rather than having your money manage you. You can be successful in reaching your goals in life once you have mastered being a money manager. To begin, you must start with a budget. A budget defines your sources of income and your expenses for a given period of time, usually by the month. To define your budget it is best to begin tracking your money flows going in and out. This is made easier if you use a financial app to track your finances. Kiplinger has a great article on five great financial apps that are FREE.

 Five Great Financial Apps That Are Free-KiplingerElectronic Gadgets

Choose the app that best fits your needs and get started today in tracking your finances. Once you have tracked your finances for at least three months, you have good information to begin working on your budget. The first step comes in knowing how your money is spent. Then you can begin making choices  which will be your first steps in reaching financial freedom and achieving your goals.

2014 New Year Resolutions

2014 ResolutionsEveryone makes New Year Resolutions, but how many people keep them? I think the time has come to step back and look carefully at your life to determine what is most important to you and your family. With the economic changes we have seen in the last five years, it is wise to consider financial resolutions as very important. Paying off debt, increasing savings and controlling spending should be your first moves to put yourself in a better financial position.

Check out these tips for saving money.

6 New Year’s Resolutions for Saving Money – Reader’s Digest

5 Money Saving New Year’s Resolutions – Bankrate.com

Money Resolutions for 2014 – CNBC

With the end of January fast approaching, where are you with your financial New Year’s Resolutions for 2014?

Commit to YOUR Future

Looking for ways to trim your costs to save more or to reduce debt faster? Ready to make commitments to yourself to reach your long term goals? If you are ready to make changes now that will benefit you in the future, follow these tips and invest in your future.

Identify Extras to Cut: Identify the extras in your expenses that are not necessities. These items are fulfilling the “wants” in your life and quickly add up to substantial amounts each month. Consider replacing these extras with free or reduced cost substitutions so you don’t feel deprived.

Shop Around:  Research costs before you make your next purchases. Know before you buy to determine if you are getting the best deal for your money. Check the reviews online and compare products. Make buying decisions based on meeting your needs rather than basing them on your wants or how much you can afford. Always get at least three quotes before you renew services such as insurance or lawn care (I know you can mow your own grass but some of us are allergic). Review options on buying products in bulk to save money. Planning before purchasing = Saving Money.

Sell Your Stuff: If you really MUST HAVE that membership or new microwave, commit to selling some of your stuff to pay for the cost. List it on Craig’s List or EBay and get it sold BEFORE you buy the new “must have”. Commit to yourself you can’t have the new item or service unless you come up with the dough to pay for it in advance.

Trade With Others: Have a barter party with neighbors and friends. Find out what each other wants and what each have to offer to barter. You might find yourself being able to use a neighbor’s workout equipment in exchange for sharing your computer. Barter babysitting services with a teen in exchange for driving lessons. Be resourceful. Think outside the box.  

Take Inventory: How many electronic devices do you own? Do you really need to be able to get email on your computer, phone and Nook? Do you really need 4 winter coats living in Georgia? Do you really need two cars and a motorcycle? How much time and money do you spend maintaining all this? Do yourself a huge favor. Take inventory and begin to simplify your life by eliminating excess and extras. Sell what you can, barter for what you need, or make a charitable donation and get a tax deduction. Base decisions on what you NEED rather than what you WANT. Get back to the basics of living and being able to enjoy what is important…the people in your life, not the things.

Take these tips all the way to the bank. Increase your savings and reduce your debt faster. Making changes now will benefit your future. Simplify your life and enjoy the rewards.

I invite you to share your ideas on how you found ways to save money and simplify your life. Everyone loves to hear new ideas to try! Post your comments to share.

Plan to Have Fun This Summer and Stay in Budget

Everyone loves to get out and enjoy life during the summer. There are a lot of activities to do, events to attend and places to visit. All this fun adds up quickly and can squeeze the life out of your budget. Plan now to budget for your summer fun. DailyWorth helps make this easier with an easy summer budget worksheet. Follow this link to get Your Easy Summer Budget Worksheet.   

Customize the worksheet to add your events like attending your cousin’s wedding, buying a house warming gift for you friend or enjoying a vacation at the beach. Consider all costs for each event such as childcare, travel costs, cost of gift, or dry cleaning your party clothes. Planning now will allow you the added benefit of enjoying the fun while knowing you are on track within your budget.

Have a great summer!

%d bloggers like this: