Bonus tip: many grocery stores offer rebates or at-the-register discounts for bringing your own shopping bags. Cancel any perks such as pay TV. However, breaking yourself of that bad brand addiction can save you thousands of dollars a year. Follow me! If you’re looking to unload that surplus and earn some extra cash, apps like Poshmark, ThredUp, Tradesy, Mercari, and Vinted can help you get rid of that too-small stuff and get paid for doing it.
Budgeting to make your money stretch
Smart changes and no-nonsense decision-making make all the difference between living beyond your means and slipping into debt, or living a happy life with minimal money worries. When your budget starts to look tight hit back to meet the challenge. Find online resources packed with practical advice on living through challenging financial times. You could even find yourself enjoy new things such as getting creative to up-cycle furniture, batch cooking with your friends and family to save on wastage, or planning a vintage wedding. The switch to the new Universal Credit, which is currently being rolled out, will make monthly budgeting even more important.
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Budgeting can give people the jitters. Big time. To find ways to make your budget simple sans the headache, we asked several experts in the personal finance community to weigh in. Lauren Greutman, frugal living expert and author of The Recovering Spender , suggests budgeting according to your values. Take that lunch money and put it toward one of your priorities, like paying off debt. If you tend to overspend with the plastic in your wallet, financial advisor Benjamin Brandt suggests simplifying your budget by breaking out some envelopes for a cash-only budget. To get the ball rolling, create a list of your regular expenses, then set aside a certain amount of cash to cover each category.
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Budgeting can give people the jitters. Big time. To find ways to make your budget simple sans the headache, we asked several experts in the personal finance community to weigh in.
Lauren Greutman, frugal living expert and author of The Recovering Spendersuggests budgeting according to your values. Take that lunch money and put it toward one of your priorities, like paying off debt. If you tend to overspend with the plastic in your wallet, financial advisor Benjamin Brandt suggests simplifying your budget by breaking out some envelopes for a cash-only budget. To get the ball rolling, create a list of your regular expenses, then set aside a certain amount of cash to cover each category.
Take your groceries, for example. Use the cash from this envelope when you hit the store, but be prepared to stop buying when the money runs out, Brandt says. The same budgeting strategy can be applied to your expenses across the board, Brandt says.
Financial advisor Jeff Rose of Good Financial Cents suggests a way to simplify your budget that should also save you time: set designated shopping dates. Pick one day a week for groceries—say, Sundays. For other types of shopping, set aside another day to get the job. The rest of the time, try not to spend a cent. It can help keep your spending on track. This money can be used for a fun splurge or as regular spending money—whatever you want.
Outside of your allowance, try to spend only on regular and recurring bills. When it comes to simplifying your budget, make technology your friend. With a website like Mint. Nobody likes the idea of budgeting at first, but those who succeed love the results no joke. With the right approach, simplifying your budgeting process can be much more of a help than a hindrance.
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Your guide to understanding how a Fed rate cut could impact your mortgage as a homeowner or prospective buyer. Saving for a comfortable retirement doesn’t have to mean a radical lifestyle makeover. Budget for the most important things in your life, and nix the rest Lauren Greutman, frugal living expert and author of The Recovering Spendersuggests budgeting according to your values. Go back to basics with a cash-only, envelope budget If you tend to overspend with the plastic in your wallet, financial advisor Benjamin Brandt suggests simplifying your budget by breaking out some envelopes for a cash-only budget.
Shop only a few times per month Financial advisor Jeff Rose of Good Financial Cents suggests a way to simplify your budget that should also save you time: set designated shopping dates. Let budgeting apps or tools do the work for you When it comes to simplifying your budget, make technology your friend.
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2. Go back to basics with a cash-only, envelope budget
All that money would have been discarded without a second thought. Chances are that burning desire to buy you initially felt will have dissipated; if not, go ahead and give in if your budget allows. Great post! Instead of buying albums, use streaming services like Spotify and Pandora; you’ll save money and enjoy access to a world of music you might not otherwise listen to. Call di at the library to have your books waiting for you. Here’s how to score a deal on your next stay. Stop Using Credit Cards. Stgetch shopping the perimeter of the grocery store instead of going down every aisle.
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