Personal finance isn't your favorite subject. We understand. Talking dollars and cents can be confusing and stressful. As a result, you may be among the 65% of Americans who have no idea how much they spent last month. But ignorance isn't bliss, especially with your money. Here are five things you should know about personal finance to make sure you make the most of every hard-earned dollar.
You can set yourself up to save in almost every area of your life, from food to shelter and transportation. Whatever your goals are for saving – from finding money in your budget to pay off debt, to building a fund for the next chapter of your life – “bonus” savings on things like your weekly trip to the grocery store can help you get there faster. These tips will help you find more money in your budget – starting with saving at the grocery store.
With the click of a button you can sign up for a subscription to stream music or your favorite T.V. series. It’s easy to be roped in by offers for gym memberships, grocery delivery, and box subscriptions.
These relatively “small” recurring costs can add up quickly. Many times, we’re unaware of exactly how much we end up spending on these subscription services—in fact, according to a Waterstone Management Group survey, 84% of us are underestimating our monthly tech spending.
Today is the day to take audit of what subscriptions you have, see how much you are spending, and evaluate which subscriptions you may be able to go without. For today’s challenge you will need the following:
Time: 10 min
Tools: Your phone and/or laptop
How is it already mid-February? If you’re like me, you have barely recovered from the holidays. All the dining out, celebrations, and gift-giving were fun, but now you’re stuck sewing the hole that burned in your pocket. Then, just when you think you’ve finally caught up, sneaky February 14th is upon you vying for your love and credit cards. Yes, Valentine’s Day can very much feel like a commercial holiday and yet, many of us want to celebrate it by showering our loved ones with costly gifts. If you are looking for that kind of gift guide, this isn’t it. As the title suggests, this Valentine’s Day Gift Guide is for those who want to show their Valentine some affection while still being budget-conscious. As a bonus, these gifts take little planning and can come together in less than a day.
If our calendar year could be compared to a basketball game, we're at about half time. For those of you who don't know anything about basketball, the game is broken into two halves with half time in the middle. During halftime both teams retreat to their locker rooms.
So, right now, we're in our half time. We're in the locker room taking a quick breather from running up and down the court like athletes trying to score as many points as we can. It's time to huddle up and make sure we are doing things right.