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Tag Archives: budget

4 Expensive Habits I’ve Given Up to Save Money

expensive habits

Shortly after I finished college and entered the “real world,” I started a good job in my hometown which required a more professional wardrobe. I also bought my first house and furniture only months after graduation due to a rental housing shortage in the town where I live. I was only 21, and all of a sudden I had debt – a lot of debt. It didn’t take too many sleepless nights for me to realize I needed a budget. This is when I found personal finance blogs. During the process of creating my first budget just a couple of months later, I eliminated some habits that were costing me money but weren’t really necessary. Although I still have a pretty nice lifestyle, I gave up some expensive habits so I could pay off debt and save money. Here are 4 expensive habits I gave up to save money. I hope it will inspire you to look for similar ways to cut unnecessary spending from your own budget. 1 Clothes Shopping When I was a poor college student I couldn’t really afford to go clothes shopping unless it was an absolute necessity. But that didn’t always stop me. I did ...

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What to do if You Overspend Your Budget

overspend your budget

When April started off, I had a good feeling about it. You see, March was expensive for me. I had a lot of extra business expenses, like investing in a new Macbook Pro, and expanding my team so I don’t have to work as much. But I also increased my income significantly. After that expensive month, my plan was to buckle down in April and pay off one of my credit cards in full by the end of the month, but now I’m not so sure that it’ll happen because I’ve definitely overspent my budget this month. Going over budget is something that happens to all of us from time to time. While going over budget isn’t good, at least you are looking for solutions to get back on track. Here are some things I’m doing now that I know I’m already over budget this month, and they are strategies you can use too if and when you overspend your budget. Evaluate Your Current Budget Take a deep breath and remain calm. Look at your budget to figure out exactly which categories you overspent in and why. For example, did you over spend on your entertainment budget? Maybe you are too ...

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5 Reasons Why Consumers Can’t Get Out of Debt

This is a guest post. If you are interested in guest posting, please read my policy and contact me. It is not unusual for a consumer to run into money issues. If a person attempts to get out of debt, he or she generally face many obstacles, not least themselves. Identifying the real reasons behind the failure can aid in reaching the goal of healthy financing, which is exactly what this post is all about. 1. Lack of a Budget When you cannot break out of accumulating debt, it may be due to the lack of a budget. A budget allows you to limit the amount of money that is available for spending on a weekly or monthly basis. The budget plan may be for an individual; if this is not the case, a family may create an overall budget to keep spending under control and make sure there’s enough in the kitty to cover essential bills. It is a very good idea to leave the budget plan in a prominent place at home as this may help you to resist the urge to spend money you don’t have.

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10 Step Program For Getting Out of Debt

The following is a guest post. If you would like to submit a guest post please read the guidelines and contact me. I have been in debt since I was 18 in some way, shape or form. I have always wanted to get out of it, but always had a hard time figuring out how to start. Finally, 16th months ago, I started. I am almost done, and my method worked! Here is my 10 step program to getting out of debt. I wish I could say I made this up, but I didn’t. There are a ton of experts who I read and listened to, and they shaped what I am writing here. If you are like me and you feel like you just don’t know how to begin, this program is designed to give you a guide of sorts. Of course you should tailor it to fit your needs. This is not so much for people who have a couple of cards and are lazy about paying them off. It’s for those of you who have trouble finding any extra money to pay off debts, who seem to find themselves getting deeper and deeper into debt, and don’t ...

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