Don't worry, this isn't another article about skipping your daily latte or never eating out again. I would never. But I do think establishing priorities is important. You have to decide where your dollars go.
Do you skip workouts, phone-in conference calls, or only half listen to your spouse? Most of us are guilty of one or more of these transgressions, periodically. You may not realize it, but these actions may be causing more harm than you realize.
Imagine this: It's Thanksgiving night. You've gobbled your fourth serving of mashed potatoes and green bean casserole. You've turned on the TV. The local news is reporting that hundreds of people are lined up in front of local stores to score items for steep discounts.
Surely, you've heard the advice to cut out discretionary expenses -- such as a daily latte -- to save money. It's true that those small savings can add up and provide a little more wiggle room in your budget. But what about those necessary expenditures?
I think of a budget as a diagnostic tool. It is no different from going to the doctor and having the nurse take your temperature and blood pressure. They are establishing a baseline for your health. A budget is a baseline for your financial wellness.
Prioritize future college expenses as a monthly budget line item. The sooner you start saving the better, because even small amounts of money invested early can grow quickly through the power of compound interest.
Each year when Father's Day rolls around, I'm reminded that I wouldn't trade the experience of raising my two kids for the world. But when I think back to how naïve my wife and I once were about the costs of raising children, I can't help wishing we'd been better prepared.
One of my favorite things about the holiday season is getting to throw an unforgettable party. Unfortunately, with so many year-end expenses and a sluggish economy, my budget this year is pretty limited. Here's what I've learned about how to throw a party on a budget.
The more organized you are in accessing and managing daily deals, the easier it can be to save money on what you need and have a pleasant, positive experience. To keep the clutter out of your daily deals, I recommend these organizing strategies.