Posts Tagged ‘budget’

02/12/10
Amy
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(Money Saving Tips) Paycheck-to-Paycheck


There are few things more stressful than needing to shuffle funds or worrying about your bank account going negative at the end of the month while you wait for the next paycheck to come in. Especially if you are self-employed, paychecks can often be delayed, putting great strain on the budget.

But with a just a little bit of organization and planning, you can easily eliminate this stress from your life.

Begin by setting up an additional checking account. This will be your “holding account” and it is what all of your paychecks are deposited into. Before each month begins, you and your spouse work together to determine your budget and the amount of money you need to meet that month’s expenses. On the first of the month, transfer the amount of money you determined that you need into your regular checking account. Any extra money in the holding account can then be transferred into savings. As that month progresses, your paychecks will again replenish your holding account and will wait for you there until you do your budget and transfer again at the beginning of the next month.

Gone are the days of living paycheck-to-paycheck. You will always be one month ahead.

*Tip – If you do not initially have the money to set your one-month-ahead-plan in motion, temporarily use your holding account as a savings account. Deposit your savings into that account until you accumulate one month’s worth of expenses.

09/08/09
Amy
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(Living Love) Gift Budget


 Gifts don’t have to be expensive to be significant. Small token gifts can hold so much value. It is all about the presentation and the thought that is put into the gift. However, making these types of purchases for our spouse is usually not a part of our routine.

When you are planning your budget, give yourself (or both of you) a small cash budget for these gift purchases. This provides you with the opportunity, and even the challenge, to show love to your spouse in these little, yet significant, ways.

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*Tip – Keeping this money in cash will help prevent it from being spent on something else and will be a physical reminder to buy the gift.

08/28/09
Amy

(Family Activities) Eating-out Tradition


This idea doubles as both family activity and a money-saving tip!

We have all heard the age-old advice to not shop when you are hungry. Have you ever thought about applying that money-saving concept to eating out?

Try being intentional about eating out. Pick a night of the week, say Tuesday night, and make it a family tradition to eat out. It will be a weekly event that the whole family will talk about and look forward to. An added bonus to this strategy is that eating out then becomes more of a special and looked-forward to event, rather than something that is done by default. Potential low-grade guilt for not cooking can be put aside and you might be surprised to find renewed energy to cook on the other nights, knowing that you have that night off to look forward to.

Planning to eat-out additionally provides the opportunity to look for coupons or “kids-eat-free” nights and locations.

Tip: If your schedule or lifestyle doesn’t lend itself to eating out on the same night every week, you can achieve a similar result by planning the meals to be eaten out at the beginning of the week. Reference your activities calendar when making this plan to account for nights where the break would fit most logically.

For these reasons and more, you will find that you end up spending less on eating out while simultaneously creating a family tradition that everybody will look forward to.

08/16/09
Amy
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(Money Saving Tips) Manager’s Meat Specials


Most grocery stores do their meat mark downs in the morning, but it varies by store. Next time you are at your local grocery store, ask somebody from the meat department what their mark-down routine is and then try to plan your shopping trips accordingly.

Stock up when you find good deals! If you are careful to immediately put your purchases in the freezer, the approaching expiration dates won’t matter.