Budgeting is an important element of effectively managing your money. Living paycheck to paycheck can be difficult, but there are ways to ease the pain by implementing and utilizing a budget that takes into account all of your expenses, large and small.
Unlike what you might believe, budgeting isn’t all about restricting what you spend money on and cutting out all the fun in your life. It’s really about understanding how much money you have, where it goes, and then planning how to best allocate those funds.
Here is some advice and strategies for budgeting that will help you keep a... Articles Tagged ‘Budgeting’
Strategies for Successful Budgeting
Budgeting is an important element of effectively managing your money. Living paycheck to paycheck can be difficult, but there are ways to ease the pain by implementing and utilizing a budget that takes into account all of your expenses, large and small.
Unlike what you might believe, budgeting isn’t all about restricting what you spend money on and cutting out all the fun in your life. It’s really about understanding how much money you have, where it goes, and then planning how to best allocate those funds.
Here is some advice and strategies for budgeting that will help you keep a...
Tuesday, January 4th, 2011
Budgeting is an important element of effectively managing your money. Living paycheck to paycheck can be difficult, but there are ways to ease the pain by implementing and utilizing a budget that takes into account all of your expenses, large and small.
Unlike what you might believe, budgeting isn’t all about restricting what you spend money on and cutting out all the fun in your life. It’s really about understanding how much money you have, where it goes, and then planning how to best allocate those funds.
Here is some advice and strategies for budgeting that will help you keep a... Jump Start Your Savings in 2011
When the year is about to end, parties often come to mind. There are important issues, though, that are worth considering beyond the festivities. The end of the year is a great time to go through your finances and find just what you need to do and work on for the coming year. When you do, you'll be better prepared for the upcoming year.
You can save money and pay off debt, even if you make the same amount you made last year. There are usually ways to cut spending, save more money or pay down debt. Sometimes, that requires...
Tuesday, December 14th, 2010
When the year is about to end, parties often come to mind. There are important issues, though, that are worth considering beyond the festivities. The end of the year is a great time to go through your finances and find just what you need to do and work on for the coming year. When you do, you'll be better prepared for the upcoming year.
You can save money and pay off debt, even if you make the same amount you made last year. There are usually ways to cut spending, save more money or pay down debt. Sometimes, that requires... How To Create A Successful Budget
Creating a budget seems simple enough, but when put into practice most people suddenly realize it is incredibly difficult to make and stick with a budget if certain factors are not considered. When you create your budget it is important to realize that in order to be successful you have to provide as much detailed information as possible. Ultimately, the end result will be able to show where your money is coming from, how much is left and where it is all going to. Here is some advice on how to create a successful budget.
Successful budgets, no matter...
Friday, September 17th, 2010
Creating a budget seems simple enough, but when put into practice most people suddenly realize it is incredibly difficult to make and stick with a budget if certain factors are not considered. When you create your budget it is important to realize that in order to be successful you have to provide as much detailed information as possible. Ultimately, the end result will be able to show where your money is coming from, how much is left and where it is all going to. Here is some advice on how to create a successful budget.
Successful budgets, no matter... Become a Careful Spender
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 banking...
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 banking... Keeping Track of Your Money
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:
Keeping track...
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:
Get Pleasure From Saving Money
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...
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... Living Beneath Your Means
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...
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... Creating a Household Budget
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...
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... 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...
Money Saving Tips for Movies and Dining
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...
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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