Tag Archives: Budgeting

Helpful ways of saving money when you are living in a tight budget

savings

savings

When the economy takes a downside turn, everybody wants to save some money by tightening their purse strings on their spending habits. They seem to be reluctant in taking out cash unless it’s short term loans for an emergency situation. People are finding alternative methods of transportation, counting their pennies at the grocery store, and cooking better food at home so that they don’t have to spend money by going out for dining.

Saving money at the grocery store: You can save a lot of money on your monthly food bills at the grocery store and still eat well by cooking food at home. You can grow your own fruits and vegetables in your backyard and a garden can be a fun for your family. But if you don’t have the time, land, or patience for something like that, try these other tricks of the trade.

Go to a warehouse club with a friend or neighbor and shop in bulk. Stock up and split your purchases.

Plan ahead of time. Create your own menus for the entire week and cook it at home. You will feel this dinner like a night out and allows you to use what you’ve got.

Cut out the meet. It’s good for your health and fits well on your budget.

Savings without dumping the pump.

 

budget

budget

With gas prices rising higher, it is becoming difficult to drive a car. But for most of the people, car is a necessity. They use it for various purposes, like going to work, pick up the kids, run errands, and go on interviews. You can refinance on your auto payments and save at least $60 per month and get lower interest rates. The money you save by refinancing your auto loan can be used for anything from gas to groceries or create a savings account that allows you to earn some interests.

Home energy savings: If you are able to reduce your utility bills, it means you are able to reduce your utility use. Follow these tips and it will help you saving a lot of money.

  • Take a bite out of your electricity bill by installing a programmable thermostat. Don’t heat or cool an empty house, just program the thermostat to turn on a half hour before you’ll be home.
  • Install a saver switch on utilities such as air conditioning. The switch will cycle the air off and on in short intervals and many people do not notice the difference.
  • Turn off the radio, television and lights when no one is in the room.
  • You can save some money in your water bills also by not wasting water in long showers. Instead, use it for laundry purposes. Even five minutes of time each day can make a lot of difference in the whole month.

Know more about budget at: http://www.whitehouse.gov/omb/budget

Know more about savings at: https://www.tsp.gov/index.shtml

How to keep a perfect control on your holiday spending

The spending habits go out of control during the holidays, especially during the Christmas and the New Year eve. There are so much expenses on parties, gifts, family meetings and before you realize how much you have already spent, your credit cards are maxed out and the whole paycheck is gone on presents and grocery shopping for that Christmas dinner and all the fixings.

There are ways to minimize the expenses during holidays and the best way is to do it by using a prepaid debit card. These prepaid debit cards are good for those people who do not have any control on their spending habits. There are so many people who keep on spending over and over until that Christmas spirit leaves their body, and later, they are left sitting at their kitchen table looking over all the bills. They try to catch up in their payments for the whole year and finally they find themselves perpetually in some kind of predicament.

The best way to keep a perfect control on your expenses during holidays is to use a prepaid debit card and some budgeting throughout the year. You can keep some funds aside from your paycheck every month so that you are able to build some funds for shopping purposes in the holidays. You can use this money to refill your prepaid debit card so that you don’t have to use a credit card and max it. You can start saving some money from your paycheck every month and put it towards your prepaid debit card. This way you don’t have to pull out any extra money out of your family budget. If on a certain month, you get a bonus check, you will be able to add more to your prepaid debit card. After all, this is extra money that you are building up for your Christmas expenses, buy amazing gifts for your family members and friends.

This habit of adding funds into the prepaid debit card is not only good for the holiday season but you are able to plan your finances throughout the year. When you have built enough funds on one prepaid debit card, you may try the same thing on another card so that you can gift one to your children.