Become a Careful Spender
Saturday, March 13th, 2010
It seems like an easy task, but saving is hard - especially in these tough economic times. You may barely have enough money to pay your bills, let alone save money for a rainy day. But, cheer up, anyone can become a thrifty spender. Here is some advice to get started.
The first thing that most families do is to create a budget. If you already have one, it may be time to re-evaluate it in light of your current financial situation. There is always some tweaking that can be done.
Spend your money wisely and choose Webster online
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Tags: Banking Advice, Budgeting, budgeting advice, saving advice, saving money
Posted in Savings | 2 Comments »
Keeping Track of Your Money
Tuesday, July 21st, 2009
When it comes to keeping family finances in order, one of the most common hurdles that we face is overspending. Sometimes someone is obviously blowing money on unnecessary things, but often it’s much more subtle. Everyone spends a few dollars here and a few dollars there, and when the month is over, a lot of dollars are gone.
In order to get a handle on your budget, it’s absolutely essential to carefully track expenses. This includes bills, variable necessities such as groceries and transportation expenses, and discretionary spending. Here are some of the many reasons why we must do so:
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Tags: Banking Advice, Budgeting, saving money, Savings
Posted in Savings | 2 Comments »
Get Pleasure From Saving Money
Wednesday, April 29th, 2009
The key to developing a lifelong habit of saving money is that you must never feel deprived. Saving has to feel as good as spending. Of course, you'll need to turn a deaf ear to the many commercial messages that have been bombarding your brain ever since you started watching Saturday morning cartoons. In place of the advertiser hype, keep reminding yourself that the money you save holds the promise of an even greater reward down the road. That's because your savings will be earmarked for the things you know you want — not what somebody else wants you to...
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Tags: Banking Advice, Budgeting, saving advice, saving money, savings advice
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Living Beneath Your Means
Tuesday, April 28th, 2009
Close your ears to what advertisers would have you believe, you don't have to spend every nickel of your paycheck to have a good life. Spending money on things won't make you richer, thinner, sexier, more beautiful, or more popular. It'll just leave you poorer — and no closer to your real long-term financial goals, which may include buying a house, taking a dream vacation, or even retiring early.
So try this: Regardless of what your income is now, try living just beneath your means. If you earn $30,000 a year, pretend you earn $28,000. If you earn $50,000, live...
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Tags: Banking Advice, Budgeting, budgeting advice, saving, saving money
Posted in Budgeting | No Comments »
Creating a Household Budget
Monday, April 20th, 2009
First of all everyone should have a household budget. Too often we spend money as quickly as we get it. Some of it goes toward necessities like food and shelter, but a large portion of it often goes toward discretionary items.
Whether you can't seem to save up any money for a rainy day or you're having trouble getting the bills paid, a household budget will help. Controlling your spending allows you to save money for retirement, your kids' education, and any other goals you may have.
Setting up a budget is not as difficult as it sounds. All you have to...
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Tags: Banking Advice, Budget, Budgeting, budgeting advice, create budget
Posted in Budgeting | 5 Comments »
Preparing for a Potential Layoff
Sunday, February 22nd, 2009
In a Senate hearing on October 23, 2008, former Fed Chairman Alan Greenspan referred to this financial crisis as an “economic tsunami”. He was right back then, and now everyone needs to hunker down and get prepared for an economic rollercoaster.
If you have concerns you may be laid off, there are certain steps you can take now to alleviate the pressure and stress should this eventuality occur.
1. Put away enough money to cover expenses for the next 18 months. Normally 6 months is sufficient but due to the market volatility and potential difficulty is finding a...
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Tags: Budgeting, layoff, saving money
Posted in Savings | 1 Comment »
Money Saving Tips for Movies and Dining
Sunday, February 22nd, 2009
Everyone wants to save money, but no one wants to change his or her lifestyle to do so. Many people think that the only way to save is to go without any entertainment at all; give up eating out at restaurants, stop going to the movies, stop shopping, etc. This is not the case! It is very simple to still enjoy going out, as well as save money. You just have to find ways to spend less while going out.
When you go to a restaurant always use coupons! I can’t stress that enough. There are...
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Tags: Budgeting, saving money
Posted in Budgeting | 1 Comment »
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