Budgeting

Reducing Household Expenses

There are many people who are looking to reduce household expenses and save money. There are many benefits to doing so. For one, reducing unnecessary waste can end up saving a lot of money in the long run that could be used toward generating savings, and another reason is that many times, reducing expenses can have a positive impact on the environment.

Save on Household Services. There are many services every household utilizes, such as Internet, Cable, and phone services. It is a good idea to do an inventory of your current service and shop around for a better price. Often times, you can call your current service provider and mention you are thinking of switching, and you will be amazed at the kinds of deals they send your way to keep you as a customer. The same goes for other services you might pay for, such as lawn care, or gym fees. › Continue reading

Tuesday, March 2nd, 2010 Budgeting, Saving Money No Comments

Create a Budget Using The Envelope Method

If you are like most people, the thought of making a budget will send chills down your spine. The idea of calculators, excel spreadsheets, crunching numbers and constantly monitoring you checking account balance is enough to make people forget the whole issue altogether. Well, that is how so many people end up in bad debt situations – they simply avoided what can really be a simple task: budgeting using The Envelope Method.

 

 

The Benefits of Budgeting in Cash

Anyone who has opened a credit card and made a purchase they later regretted because they truly could not afford it will benefit from switching to paying for most of their expenses in cash. Even if you do not think you need a change, getting out of the habit of using a credit card is a great idea. Just think, every time you swipe that plastic for your lunch, you are essentially taking out a high interest loan just to buy a Big Mac! That is not the best use of credit. › Continue reading

Thursday, December 31st, 2009 Budgeting No Comments