Cut Down Day-to-Day Expenses

Having a household budget is very important not only to monitor spending, but also for allocating enough money for necessary expenses, entertainment, and contributing to a savings account.  As you start to find areas that could use a needed cut, you would be surprised it is the little things that can cut down the day-to-day expenses that can add up to big savings.  For a little extra time, energy, and discipline, you can find a little extra leftover each month. The sooner you do this, the sooner you can start socking away some cash for a rainy day. Maybe eventually get into investing, like stocks, bonds, and binary options with Banc De Binary. That can lead to compounding interest and returns, then you won’t have to worry so much about cutting down on daily expenses in the future.

Utilities

As I write this I immediately think of being a child and having my dad yell when we left the light on in the room we are no longer in, but now as I am getting older I finally realize it makes sense.  Why waste money on utilities if you are not using them.  Now I am not advocating limiting the number of toilet flushes, that is gross, but there are definite ways to limit utility spending.  Lights are a given, but limiting showering time, washing clothes when needed, can save on water.  Adjust the thermostat to comfortable-cool temperatures around 65 in the winter and 72 in the summer, and furnace and A/C will not kick on as much as you will see lower costs each month.  Cable is a tough one depending on channel watching, but at least premium channels can be eliminated with streaming services such as Netflix giving an ample amount of TV shows and movies.

Grocery Bill

Having a grocery bill in general instead of eating out is a great way to cut down expenses, by eating at home for breakfast, brewing a cup of coffee for the drive to work, packing lunch, and dinner is a great way to save money every week, adding up to huge savings.  Going shopping bi-weekly to keep the refrigerator and pantry full resists the temptation to go out to eat.  Larger gaps in grocery shopping leads to the “we have no food, let’s go out”.

Home Maintenance

Sure it is easy to hire someone to complete work around the house, but for a little extra time and effort on your behalf and you will wonder why you have not done the work yourself all these years.  Lawn cutting and landscape is a no-brainer, it takes little effort to cut the grass, not to mention it is also somewhat of a workout.  Instead of having a maid come, use a little extra elbow grease and keep up on housework.  Painting can cost a fortune if hired out, but there is no reason you cannot complete on your own.

Travel on a budget – Even more you need to know!

Who doesn’t love to go on vacation? And in this day and age who wouldn’t want to have the most relaxing and luxurious time at the minimum cost? We’ve all gotten advice on how to get the cheapest airfare, the best accommodation and finest dining at the lowest price, and how to sight-see at no cost. Here are some extra tips on how to travel in style while on a budget:

 

  1. Make nature your traveling companion – Instead of cosmopolitan destinations consider treating yourself to a stay at a national park or natural monument. A single trip to Sports Authority can be your one time investment in camping equipment that will pay dividends for years to come. Get yourself a great tent and a comfy sleeping bag, hiking and water shoes and enjoy nights by a fire under the stars and walks in clear rivers and under majestic waterfalls.

 

  1. Be a road warrior – Who says that to travel you need to have a place to stay? Trail mix was made for the trailblazers! Get yourself to the wilderness you want to explore and grab a discount rental from Fox Rent a Car. Stock up on cheap and healthy road food like nuts and dried fruit, fill the trunk with drinking water and find out who you are on the open road.

 

  1. Treasure the memories – The pace of modern life doesn’t let most of us escape as often as we would like. But with the money you save budget traveling you can treat yourself to something that will make the entire year feel like a vacation. Document your travels in photographs, then head over to Shutterfly and make them into a keepsake you can look to all year round to remind you of the amazing adventure that you had and inspire you to budget for the next one!

Are You Financially Ready To Have A Baby? 5 Questions To Ask Yourself.

Having a baby, and starting a family can be an exciting time in your life. However, bringing a little one into this world can be challenging, both emotionally and especially financially. There’s no getting around it: having a baby is expensive, and if you’re considering whether you’re ready for a commitment of this sort, it may be worth while taking some time out to figure out if you’re financially ready to have a baby. Here are 5 questions to ask yourself before deciding to have a baby that’ll hopefully help you make the right decision.

Baby

1. Do you have at least $5,000 to $10,000 in the bank?

Having a baby requires some initial investment in the form of prams, cots, furniture, clothes, car seats, and so on. That’s why it’s important that you have some substantial savings in your account to pay for these baby must haves.

2. Do you have substantial debt(s) against your name?

Being in debt whilst trying to start a new family can only add to the pressure and strain you’ll no doubt feel in those first couple of years. That’s why it’s important to get out of debt before deciding to have a family. Make sure you do everything you can do get out of debt ASAP. If you have multiple credit cards against your name, speak to the experts at Fox Symes about debt consolidation. With a little help from the
FSA Group you can combine all of your debt repayments into the one, saving you money and helping you keep track of your debt repayments at the same time.

[Read more...]