Do you prepare a budget for your household or business? If you shook your head in approval, then you may have prepared one for this month as well. If not, then you may have prepared it in the past and have stopped doing so now. You are not alone in this regard as many are sailing in the same boat as you are. Making and then tweaking a budget is common among people, but completely abandoning the practice is not good in anyway. So, here are two tips you can embrace and restart such a practice if you have stopped or have quit it.
Money may be tight but that should not stop you from giving those special people in your life presents on holidays and special occasions.
Look for SalesStore circulars are a great way to find out about upcoming sales, special bargains, and discounted deals. The spending frenzy for the holidays really starts in a year during black Friday, and then there is the Thanksgiving sale, Cyber Monday etc.
Research Store PoliciesIt always works to shop at places where competitive prices and deals are advertised for a particular time frame. The truth is you really may not find a good deal, but in case you do just make sure that before you purchase anything you ask about their return policy so that if you find a better deal you can always return a product and buy the cheaper one.
The Right Gift Does Not Have to Cost MuchIf you put extra thought in your presents you can always find that your loved one may love something that you can put together without splurging too much. If it is someone in your family, take this opportunity to present them with a family heirloom. You can also put together a basket of all the small things they like, for example if you know what their hobby is you can give them something related to that, a basket of spices, sauces, and festive looking bread for culinary enthusiasts. Most retailers sell themed products, you might find ready-made baskets at cheap prices too, since you are technically buying in bulk instead of buying everything separately.
Make SomethingNothing beats a gift that you make yourself. If you have the time, you can always make a gift yourself. Look up tutorials online and don’t be afraid to present a hand crafted present. It shows that you put in thought and effort into it. If you think there should be more to the present. Tie candy with a pretty ribbon on it.
Last Minute ShoppingWhat most people don’t know is that many retailers cut down their prices at the 11th hour, usually because of fear of a product not being sold at all. So if you are worried about Christmas shopping, going out last minute might just have you looking at discounted tags on products. But don’t do this with online shopping, online retailers charge extra for on time shipping on items, however they do have great post holiday sales.
Decide as A Family to be FrugalIn traditional holidays when the entire family comes together it helps if you be honest and discuss on being frugal with gifts. Most families on a budget go with the $20 Christmas gift rule, or some other monetary cap, so that nobody feels that one spent too much on their gifts while another did not. Shopping for tons of relatives can be daunting on anyone’s wallet.…
Financial planning and savings are two of the most important things to consider achieving financial fitness. Your financial goals serve as your guide towards ensuring your financial future. You know if you are on the right track if your financial habits help you afford your financial needs in the present while enough to fund your future goals. There is no such thing as managing your financial life too early or too late. The only problem is that you are not starting with your savings at all. How-To Guide for Effective Savings A lot of people struggle with their finances simply because they fail to organize and materialize their goals. Here are some of the steps on how you can start with your savings and financial planning: Step 1 The task of turning your financial dreams into reality starts with writing down all of your goals and acknowledging your money needs. Putting them in writing makes it all realistic and achievable. Money Savings Guide That Will Make You Financially Empowered Bank The task of turning your financial dreams into reality starts with writing down all of your goals and acknowledging your money needs. Putting them in writing makes it all realistic and achievable. Step 2 Organize your goals and create a realistic timetable. How much money do you plan to save within the next 10 years or less? Take note that there is a huge difference between short-term and long-term financial goals. Separate them in order to avoid any confusion in achieving your plans. Step 3 Prioritize your goals. Savings is a priority more than expenditures then and now. The right concept of saving money is to put away a fixed amount to save first. The rest of your money is divided into paying bills and other important expenses. Step 4 Now that you have set your goals and priorities, it is high time you start saving. There is no better time to start your plan than now. Do not procrastinate or touch your savings once they are set aside for the future. Thus, it is best to put your money where you cannot easily access them such as bank book accounts and not ATMs. Step 5 Stay consistent and faithful to your savings habit. You can never back out now. Some people fail to realize their financial plans simply because they choose to be complacent somewhere in the middle of materializing their goals. If you want it to work, do it and never turn back.…