Home > Author Archives: Kayla Sloan (page 3)

Author Archives: Kayla Sloan

Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.

How to Cut Back on Your Holiday “To Do” List and Save Money Too

How to Cut Back on Your Holiday “To Do” List and Save Money Too

The holidays are a wonderful time of year. There is this special atmosphere or holiday spirit that goes along with all the pretty lights and decorations as well as holiday goodies we all enjoy. But preparing for the holidays takes a lot of extra time and work. There are gifts to buy and wrap, decorations to put up, holiday foods to make, parties to attend, and many other things that go along with the season. When your list of tasks is long and your time is short it can leave you feeling overwhelmed. But there are a few ways you can cut back on your holiday “to do” list and save money too. Place a Limit on How Many Gifts You Buy When you read magazine or blog articles about holiday gift etiquette you may see advice about giving to everyone from your boss and coworkers to hairdressers, dentists, eye doctors, mail deliverers, your children’s teachers, Boy Scout leaders, and more. If you took this gift giving advice your list would be nearly never ending. In fact, Christmas has gotten so commercialized that it’s nearly ridiculous. My advice is to place a limit on what you buy and who you ...

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How to Make the Most of a Year End Bonus

According to a recent survey by Accounting Principals, only 63% of companies plan on rewarding employees with year end bonuses this year. This figure is down from 75% last year. Clearly, year end bonuses are not something everyone gets to enjoy.  Even so, many people who do get bonuses spend the money on extravagant vacations or frivolous purchases. If you happen to be one of the lucky ones, here’s how to make the most of an end of year bonus. Save It First of all, congratulations on not immediately spending your year end bonus. It is a feat that not everyone can claim. Unfortunately, most will dole it out as if it were water running through their fingers. There are lots of good reasons to save your end of the year bonus rather than spend it. For example, you can save the money for a rainy day. Or, save toward a future large purchase, such as a car. Pay Debt If you have debt, applying your end of the year bonus to it can reduce it and get you one step closer to financial freedom. Pay on the lowest debt you have so you can get it paid off first. ...

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Should You Give Your Kids Cash for Christmas?

Should You Give Your Kids Cash for Christmas?

Christmas is supposed to be one of the most wonderful times of the year. When we celebrate it the way it should be celebrated, it is. However, many people feel that it is becoming so commercialized it is more about spending money than anything else. Of course, for retail stores it appears to be more about making money. So how do you give good gifts to your kids for Christmas without going broke? Should you give your kids cash for Christmas instead? Kids Like Cash Unless they are very young and have absolutely no understanding of money at all, most kids like cash. There is just something about getting money that lights them up. I think it is because of all of the possibilities it holds. They can use it right away on something frivolous or save it toward a larger purchase. You May Spend Less Giving Cash Rather than spending anywhere from $30 to $50 on each gift, and buying several, you may be able to spend less. For example, give each child a set amount, such as $100 and let them choose how to spend it. But another reason it may cost you less is in the wrapping. ...

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5 Cheap Ways to Get Physically Fit

get physically fit

Experts have been telling us about the health benefits of exercise for years. It helps improve brain function, lowers the risk of heart disease and diabetes, and helps us sleep better just to name a few. But gym memberships and personal trainers can be pricey. So can some at home exercise equipment. For some of us those costs are simply too high to include in our monthly budget. Fortunately, there are cheap ways to get physically fit. 1. Enjoy the Outdoors When the weather is nice, why not go out and enjoy it? If you have a bicycle or can borrow one, take it out for a ride around your neighborhood. If biking is not for you, go for a brisk walk or jog. Go to a nearby park or walking trail if it can’t be done safely where you live. To increase the likelihood you will keep up your physical activity, take along a friend, neighbor, or partner. Spending time out of doors is a wonderful way to enjoy the sun and get some free cardio too. 2. Use Your Own Living Room Did you know you can utilize your own home, including furniture, to exercise? Sit-ups, squats, leg ...

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Earning Extra Money: Should You Get Another Job?

Earning Extra Money: Should You Get Another Job?

Last week we talked about the pros and cons of working overtime to help you earn extra money for your financial goals. This time I want to explore another option: getting another job. Getting another job is another option to help you earn more money, but is it a better idea than working overtime? Here are the benefits and drawbacks of deciding to get another job. Benefits of Getting Another Job Taking on a second job may have some benefits over working overtime at your present one. Some of them include: Working on Your Own Time Depending on the type of job you take as a side hustle, you may be able to work your own hours. If you work from home as your own boss you may have a certain amount of control over when you work. Should that be the case, you may be able to work while your kids are napping on a Sunday afternoon. Or, work two evenings a week instead of daily or on weekends. Of course, your work hours for a more traditional job may not be as flexible. That could turn this positive into a negative aspect of taking a second job. Gaining ...

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