Many of us look forward to any chance we can to get away and do something for ourselves or with family and friends! We may not always have the money for it, but if you follow some of these tips, you will find that a little bit of research and planning goes a long way! Below are some great money saving strategies that will help make that possible for each and every one of you- no matter your budget! We all deserve a chance to enjoy things in life and you don’t have to go broke doing it!
If you overspend, you are not alone: the average American spends $1.33 for every $1 earned. Our spending habits have become so routine that we often forget the ways we are spending money on unnecessary things. Here are some tips to break bad habits, and set you up to achieve financial success.
- Automate your monthly budget
Tracking your finances can be difficult, so using a service like Mint can help you understand where your money is going automatically. These services will tell you how much you are spending on restaurants and entertainment versus essentials. Once you are armed with this information, you can make an informed choice about how to scale back.
Financial setbacks come in all shapes and sizes. It can be an expensive household repair or major car trouble. It may be increases in your insurance plus a rent hike taking effect at the same time. Or, it can be something more extreme, like getting a pay cut at work- or even being given a pink slip. It may be a medical emergency that isn't covered by insurance, or some good news that will cost you a bundle, like a wedding or the birth of a baby.
It's impossible to plan for every financial hit you will take in your lifetime.
The question is: What are you going to do about it?
You could ignore it, and keep borrowing or charging to pay for daily expenses when your income is swallowed up by the surprise. By going that route, you'll be paying a lot more than you should for this setback because of accumulated interest. But you have options--there are proactive steps you can take. So, if you're hit with hard times, keep these tips in mind:
There are times when money is tight, and understanding how to deal with that stack of bills can be very challenging. But don’t panic!
Here are some guidelines that can help you decide which bills you should pay first.
There are so many things to think about when you’re just married, or about to be, and no one would rate finances as the most exciting of them. In fact, studies show that money (not relatives) is the number one reason couples argue. Those financial arguments (again, not relatives) are one of the top predictors of divorce.
So, how can you avoid becoming a statistic? Here are some tips.
According to a new report by a leading wedding magazine, The Knot, the average American wedding cost has eclipsed $35,000. That's more than half of the yearly median income! Most of that spending isn't on lavish luxuries for bride and groom - it comes from the guest list. Couples are inviting more people and doing more for them, trying to create an unforgettable experience for their loved ones.
If you've got an event planned for the coming year, read on. Your bill doesn't need to be that extreme. Here are five ways to save on the cost of your big day!
Q: It's my turn to host my family for Christmas. How can I entertain the crowd without spending a fortune?
A: Hosting a holiday meal is one of the most stressful parts of any holiday. Sure, it's great to help everyone get together under one roof as part of a fantastic tradition. On the other, though, feeding many people can put a serious strain on your budget. With Christmas gifts to buy, a strain like that really can't come at a worse time!
Fortunately, it's possible to be a great host and a great saver at the same time. It's not easy, but you can put on a great Christmas meal without breaking the budget. Try these 3 handy tips to save this year!