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Money Saving for New Parents

  1. Don’t Buy Maternity Clothing
    I’ll elaborate on this one. Of course as a pregnant woman, you’ll need to expand your wardrobe to accommodate the life growing in your tummy. I did purchase a few new items during my pregnancy, but I didn’t buy clothes that were marketed as maternity clothes. They cost a pretty penny, and since pregnancy has stages, you could end up wearing a maternity shirt for 1 or 2 months alone. What I did was purchase clothing from my favourite stores (or thrift shops), but in larger sizes. Aim for sales racks to save extra money. That way, you can still get items at competitive prices, while blending in with the general population. Once baby is out and the weight is down, you can save them for the next baby, donate them, or make adjustments and continue wearing them in your postpartum stage.
  2. Throw a Baby Shower
    There’s no doubt that baby showers are the best way to collect free baby products. If you decide to create a registry, be sure to select items you need, as opposed to what you might like. Don’t be afraid to choose big. A friend of mine surprised

Save Money As A Single Woman

Entertainment

It’s good to have fun, but you need to save; therefore, it’s wise to cut on movies, drinking, and other activities that take up a lot of money. If you need to have fun, you should always consider cheaper alternatives.

For example, instead of renting a movie from the movie store, you should consider other alternatives that will allow you to watch the same movie for free.

Since friends greatly affect the amount of money that you spend for entertainment, it’s wise to avoid those that are flamboyant.

Dining

One of the major things you need to do is to learn how to cook. Cooking at home is not only cheaper, but it’s also healthier. While it’s tempting for a single woman to buy food at a fast food restaurant, you should not do it.

If you don’t know how to cook your favorite food, you should consider joining a cooking class in your area. You can also join an online class and learn how to cook.

If you have to eat out, you should look out for promotions that are common with restaurants. The restaurants often place coupon codes

Pay Your Bills When You Are Broke

  • Cut cable TV / satellite TV- most people could save $100 per month
  • Stop eating out. Make all of your food at home, including lunches that you can take with you. Most people can save hundreds of dollars per month.
  • Stop paying for entertainment. No movies or ballgames for a while until you get your bills under control.
  • Arrange with your bank and credit card companies to “skip a payment” on some of your bills. Many companies will allow you to skip a payment once a year. You can use the payment that you got to skip to pay a different bill to catch up
  • Cancel travel plans. You need to stay home, not spend money traveling away from home. Even driving trips to stay with relatives cost money.
  • Stop using credit cards. Keep cash in your purse or wallet and spend that instead of using credit cards. It is harder to spend “real” money, so you will tend to spend less and notice how much you are spending.
  • Drive less. You will save money on gas plus wear-and-tear on your car. If you are out-and-about less, you’ll encounter less opportunities to

Use Budgeting To Save Business

  1. Creates structure.
    If you haven’t learned by now, creating or starting a business is very similar to a building structure. You have to have a foundation which is your business plan. You have to erect the pillars that will hold up the ceiling. These are your principles and processes you plan to implement in your business. And you have to have the ceiling to help keep you covered. And this is your plan around the inflows and outflows of the money in your business. Your financial goals. A budget helps keep you covered and protected from the uncertain elements of business by preventing you from spending beyond your financial means. It is THE financial tool needed to help you reach your goals. It is the guideline by which your business will be funded and operated.
  2. Makes you aware of your numbers.
    Having a budget forces you to monitor your numbers regularly. It puts you in tune with all of your sales as well as your costs associated with those sales, your marketing, your payroll, inventory, fixed assets and cash flow that is needed to keep the business going. Knowing your numbers allows you to make informed managerial decisions

College Budgeting

  1. Keep it simple.
    Budgeting can be a great tool for managing your financial earnings, but it can become extremely overwhelming if it is over detailed. Sometimes you have to make sacrifices and not buy everything you want, but at the end of the day it is very important to be realistic with yourself. Just like dieting, the hardest part of budgeting is sticking to it. So the easier you make it, the better off you will be.
  2. Set a time.
    You can create your budget for a month, school year, or a whole calendar year. If you are currently enrolled in college or are on your way, you may want to consider creating a monthly budget for your semester classes such as fall, spring, or summer. Be conscious of your income for that it may vary from month to month, and not all of your expenses will be the same each month. Larger expenses (car insurance, books, & tuition) and seasonal expenses (trips to home or any vacation area throughout the year) need to be incorporated into your budget.
  3. Create a Spending Category.
    To estimate your monthly expenses, you’ll want to start recording everything you spend

About Spending Equals Investing

Since I can remember I’ve had an interesting relationship with money and how I choose to use it. I was raised by a single mom, who worked extremely hard to make sure my sister and I had a roof over our heads, food to eat, and clothes on our backs. To say it plainly, I don’t come from a lot. As an observant young kid I noticed that at a relatively early age. As a kid I got $100 from my grandma every birthday. Most kids would hit the mall, toy store, or any store that contained something they wanted because that money would burn a hole in their pocket. I on the other hand always waited. It wasn’t that I didn’t want toys, new clothes, or something shiny to impress the ladies with. I just knew that I felt better with the money in my pocket then spending it on something that I could only use, or wear at certain times. My goal was to save it and use it only for emergencies or until I found something that could help me in the long run.

The issue most consumers have is that many think for

First-Time Homebuyers Can Save Money

  • Create a Household Budget – Write out a list of all your monthly expenses. Go through your checkbook and receipts for the past three months and find out exactly how much you are spending per month. Create a budget that you can live with that limits your expenses. Track your spending, this will help you realize what expenses you may be able to eliminate.
  • Open a Savings Account – After creating your monthly budget, devote a certain amount or percentage of your monthly income to savings. Your savings should be used only for special purchases or holiday spending to avoid using credit cards or creating new debt.
  • Bank Account Fees – Check your bank statements to find out if you are paying a monthly service fee for your checking and/or savings accounts. If you are, it would benefit you to research banking options from other institutions. You may not only eliminate monthly fees, but possibly receive a bonus for opening a new account.
  • Credit Cards – If you carry balances on your credit cards, you’re paying an extraordinary amount of interest. Be prudent, focus on paying your credit cards off or consolidate the debt to

Maximize Your Savings

Money- the means of our livelihood

Over the years, due to several reasons like recession and inflation the value of money has only increased and this trend is likely to continue in the foreseeable future. However, its abundance is unlimited, not everyone is entitled to be a millionaire in their lives. Unless you inherit it from your ancestors, you have to earn every penny.

It’s one thing to earn money and another to keep it

With the right experience and talent, anyone can earn money but the toughest part is to save them. Every individual is subjected to some kind of temptation or the other which they like to indulge in now and then. This is mainly the reason why most people fail to save a substantial amount in their lives. Yes, the basic reason to earn money is to support our standard of living but it’s not the end of it. You are not going to earn forever; there will come a time when you have to retire and this is the period when you will require money the most. It can be frustrating time for you if you do not have any savings

Live Within A Budget And Still Happy

  1. Renegotiate Your Terms: Now and then, it’s good to evaluate all of your recurring bills. Make a call and see if you are getting the best deal possible. Seriously, sometimes all you need to do is ask! It’s also a good idea to check with a competitor. You may find they have a much lower price and it’s worth the switch. Even when you don’t ultimately end up changing providers, checking with a competitor could give you leverage with your current company on lowering your rates. One mistake people often make is not reviewing bills such as insurance premiums after life changes. Who knows, you may have way more coverage than you need. Review these types of bills annually to avoid overpaying.
  2. Stop Paying Money in Fees: Many fees come from financial institutions like Banks, ATMs and credit cards. Avoiding them takes careful planning and sometimes will require you to make a change in your banking institution. If you often get stuck with bank fees or those dreaded, expensive overdraft fees, you may want to change banks or even switch over to a credit union. A lot of credit unions and some banks offer overdraft protection and will transfer

Keys to a Successful Budget

  • Consistent income. I know this may seem like a ‘duh’ statement but having consistent income flowing into the home will help meet target budget goals. I know there is a huge entrepreneurial boom happening and that’s awesome! I too have started the path of developing my business. However, I am in a season where I still need my 9 to 5. And it’s by choice! No, I’m not afraid to quit my job. Based on my situation, our household needs this full-time job. I’ve been with the company for almost 14 years now and provides great medical benefits for our household. That’s important because of the medical conditions within our household. I understand starting your own business, being a freelancer, or taking a number of contractor jobs as a great way for flexibility and freedom. However, if you continue to find yourself complaining about your financial situation, then its best you find you a more permanent J.O.B!
  • Intentionally perform better spending habits. This may include writing down the budget and stick it on your fridge to remember what bills are due. I develop the budget for our household and my husband gets frazzled if I don’t put

Tips to Stop Overspending

  1. Keep a track of your expenses: When you’re determined to save money, the smallest amount of expense should be tracked as it can make a huge difference in your monthly saving target. Besides, you may not notice the small amount that you keep spending each day on your roadside tea or bus ride till you realize that you haven’t reached the saving target of the month. Therefore, make sure to follow a daily expense sheet where you input the details of the smallest amount that you’ve spent. If you can cut down on your morning tea that costs 5 Rupees a cup daily, you can save at least 100 Rupees a month.
  2. Keeping a credit isn’t a credit: You may feel that if you use the credit card to make a purchase in the heat of the moment, you’re doing the biggest mistake that must be stopped to stop overspending. Research says that it’s easy to follow a strict saving regime if you make your purchases using cash. While you’re handing over the cash, you can actually see how much you’re spending and what remains in your monthly fund. On the contrary, handing over the credit card doesn’t make

Solve Budgeting Issues

The first problem that people have with budgeting that I would like to help you solve is having unrealistic expectations. This is probably the most common mistake when trying to make a budget. Basically what happens is that most people get these ideas in their heads that they’re going to save a big amount of money per week/month/year etc. While it’s a great notion to want to save a big amount of money, most people have a hard time actually sticking to it. A good of example of this actually comes from my personal life. I have a friend who’s a little older than me, and she went to Bradley University in Peoria, Illinois. Additional she chose to live in the dorms and not commute. When she graduated a couple years back, she realized that she needed to make a budget so she could put aside money to pay off her student loans. Because she wanted to pay off her loans quickly, she decided to save a fairly good amount of money in comparison to her income. Due to this, she had a hard time sticking to her budget and would often times break it. Naturally, she had

Learn Couponing

Couponing can be a lot of fun too whether you are doing it with someone or you are going solo. What an experience it is when you are at the register listening to every beep bringing down your total as your coupons are applied reducing the retail price of your goods. All of your time, effort, and hard work is paying off as they play your favorite beep song in subtraction mode.

Equipped only with the fundamentals you too can realize a great deal of savings. Couponing in the beginning is a lot of work, because your couponing skill is new and has not yet become habit. Learning couponing can pay off big however if you stay the course. For example, think about when you were learning to walk. It wasn’t easy but you stayed with it. How about when you learned how to cook, the amount of work it was in the beginning. But after you mastered the basics, you could almost cook in your sleep.

So you want to know how to get started grocery couponing? Couponing like any skill requires knowledge. Grocery couponing can be frustrating, and almost impossible if you don’t equip

Info of New Year Money Diet

Just as how you’d go on a diet to cut out all the ‘harmful’ food from your meals, a money diet gets rid of all the ‘bad’ spending that you’ve been doing. Call it a financial cleanse of sorts, where you eliminate all unnecessary spending and end up saving more money. It won’t help if you’re a compulsive spender but it will do you good if all you want to do is tighten the belt after spending too much over the festive period.

Make a plan

Start by giving yourself a time frame, so you can evaluate how you’ve done at the end of it, by looking at your expenses and savings. It’s also good to set a target for the end of this time frame, say, to save $1,000 by the end of it. This gives you more motivation, just as an ‘ideal weight’ does when you’re on a diet.

Cut non-essential items

It’s fabulous to check out a new posh restaurant every month or meet the girls for martinis every fortnight but is this really necessary? It could be as simple as forgoing the coffees you have every day from that nice

Budget Can Pay Off

  1. Let you decide. When you allocate dollars as part of a budget, you give yourself a chance to be thoughtful about where your money is going and to make adjustments, if needed. For example, if you are shocked by how much you’re spending dining out or buying new clothes, you can curtail spending in those areas. Ultimately, knowing your spending patterns gives you the power to put your dollars toward the things that mean the most to you, and help you reach your long-term goals.
  2. Take the pain out of daily decisions. Daily temptations to overspend become easier to navigate when you have a framework and guidance in black and white. Setting a budget equips you with the power to say “yes” or “no” to a purchase without guilt. You’ll be able to see what’s within your price range and get a clear view of how each purchase will impact your savings plan. The more specific your budget is, the better.
  3. Make it easier to see the value of every dollar. When you’re cavalier about your spending, you’re discounting the effort it takes to earn money. In contrast, when you consider everything that goes into earning

Types of Budgets

Operational Budget

Most of the time when someone is talking about their budget, they are referring to an operational budget. An operational budget is one that tracks ongoing financial activity. This the day-to-day budget of a business or a family.

An operational budget tracks both income and expenses. The purpose of this document is two-fold. First, by tracking all financial movement, or “cash flow”, a person can get a much clearer picture of the financial situation. Hopefully, this picture will allow a person to make any desired changes in an efficient manner. Second, the focus of this budget is on the difference between income and expenses. In a business, this is the profit; for a family, this is the “fun” money. What to do with this difference is another topic, for another time.

Project Budget

A project budget focuses on controlling expenses. The idea is there is a certain fixed amount of money available to pay for everything. By tracking expenses, a person can make sure that everything will be covered. When a person delivers a result “on budget”, this is the type of budget being discussed.

The key is to track expenses,

Find Home Loans for Bad Credit

  • It is crucial every person checks their credit score before applying for any loan. Taking the time to dispute discrepancies on a report is an excellent way to add a few points to a credit score, which will ultimately increase the chance of being approved for a loan.
  • Check around and research any bank or agency that offers home loans for bad credit. There are too many shady companies willing to charge a small fortune in fees to those who feel they cannot get a loan any other way. Check with the Better Business Bureau, the internet and friends and family members who have dealt with a particular bank.
  • Check with local and state agencies that specialize in home loans for those who would not otherwise qualify for a standard loan. FHA loans are an option as well as loans for homes that are in rural areas.
  • Make a concerted effort to come up with a substantial down payment. Many lenders will underwrite home loans for bad credit with a 20 percent down payment. Borrowed down payments are acceptable. However, the money needs to sit in the bank for at least three months.
  • Check

Credit Cards Become Financial Monsters

When you miss payments.

Late payments are totally different from missed payments. On average, late payments can fall behind a day to three to at least a week. But missed payments take longer and can generally overlap with the next billing period making the minimum amount due larger and total amount due even higher.

When you use it impulsively.

Credit cards are really tempting to use for cashless purchases. But when you use it for the sole purpose of having a shopping spree galore without even canvassing for the lowest prices and discounted items, you can actually fall short not only of funds for bills payment but also for other important things like food, clothing, and daily needs of your family, especially if you have kids.

When you max it out.

The spending power given by credit cards to their owners can be out of control. Within this is the tendency to max out the credit card of funds. Because of the relatively huge amount associated with the purchases plus the interest charges that may be imposed by the credit company, you may end up being in a really big financial dilemma. If

Handling Credit

First if you are a newbie in handling your own affairs, you need to establish credit. If you have a steady job with money coming in regularly, one way to begin is to purchase something that you may be able to afford already.

You might, for example, buy a comfortable chair and set up a small revolving line of credit with a furniture company. Credit tips and credit counseling recommend paying off this small loan as a good beginning to creating a positive credit history. Should you be a college student, think twice about taking out a credit card in your own name. You are probably saddled with student loans and certainly are faced with huge temptations to spend, spend, spend. Not having a card could preclude going into debt before you know what has happened to you.

For anyone, having one credit card only is a good practice. Use it wisely and for emergencies or for infrequent things such as plane tickets. Your credit card payments and any loans should be at or below 20 percent of your income. Go over that amount and you are on a slippery slope to problems with credit card

Credit Repair Software

Credit repair software is an option for those who prefer a do-it-yourself approach. These five tips will help those who are looking to use the software to repair their credit.

  1. Choose a credit repair software program that is affordable and does not have any hidden fees. There are plenty of programs that offer free services in the beginning and then exorbitant rates are charged every month. A program that charges one flat rate is ideal.
  2. Use the software to write letters to creditors that have reported inaccurate information. Things like late payments, inaccurate balances or judgments can all be disputed if a company has misreported the information to a credit bureau and negatively impacted a credit report.
  3. Research the results of other people who have used the software. Be wary of claims that sound too good to be true. One way to determine whether a company is legitimate is by checking out the website. A website that is filled with claims of overnight results or filled with articles that are full of grammar and spelling mistakes are often a sign of a fly-by-night company.
  4. Credit repair software that offers a money back guarantee is