Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
Budgeting Tips to Save Real Money > NetSparsh - Viral Content you Love & Share

Budgeting Tips to Save Real Money

Sticking to a budget can be difficult, but with so many demands on your finances you have to be extra cautious. TV ads are constantly bombarding the airwaves with messages that you need to buy this or you must have that. Usually, if you just wait a week or two, the urge to buy that new gadget will pass. But, what should you do if you have already spent more than you have? The following are several real world ideas that can help you save real dollars.

First of all, consider refinancing high interest-rate loans and credit cards. Obviously you would like to pay as little interest as possible, sometimes by shopping around and transferring a balance to a low-interest rate card, you can save hundreds of dollars. Even better, if you can find a lower rate on your mortgage, you will be savings thousands of dollars. Just make sure to get your debts paid down as quickly as possible.

Secondly, change the deductible on your auto insurance to $500 or $1,000. This change can save you up to 40%. The insurance company will make money no matter what. If you file a claim they are likely to raise your rates to make up the difference so you end up paying no matter what. It makes sense to cover the first $500 or $1,000 yourself and enjoy a lower monthly premium in the meantime.

Another idea is to trim some small expenses. For example, if you get your haircut every 6 weeks, see if you can go 7 or 8 weeks instead. This will save you the cost of 1-2 cuts per year. Check out that book from the library instead of buying it. Try renting a video instead of going out to the movies. Purchase a ready-made meal at the grocery store instead of going out to eat. Be creative and see what little expenses you can trim that will add up to big savings over time. Other ideas include clipping coupons, taking your lunch to work, carpooling (or walking, biking, or taking the bus), stop smoking, and finally just don't even open up that catalog. Toss them out immediately. If you peek inside you're bound to find something you like.

In order to make sure that you stay on track with your budget, it is important to know where you stand. To get an idea of how your spending compares to a typical budget and see where your money is going each month, take a minute to use the free budgeting tools available at http://www.trimyourdebt.com/welcome_budget_short.aspx?src=art

Don Blackhurst is the co-founder of TrimYourDebt.com (http://www.TrimYourDebt.com), which provides free budgeting tools, debt planning, and credit help. He has been working in the banking and finance industries for over 16 years and has an MBA with an emphasis in Finance and Econometrics.

In The News:


USA TODAY

Taking an early retirement may be financially risky
USA TODAY
Q: We both recently "retired" after 35 years in education (technically "separated" because we chose to suspend our pension until age 62 when we can receive full compensation). We are both 58 years old. Here's what we have as we seek to "bridge" until ...
Getting SSI? You must report your moveAsbury Park Press
Full Retirement Age - Social Security AdministrationSocial Security Administration

all 44 news articles »

Glenwood Springs Post Independent

Personal Finance column: Get your financial house in order
Glenwood Springs Post Independent
That event, along with the natural disasters affecting so many, has me focusing on organizing and protecting your financial life. What would your spouse or family have to do in the event that something happened to you or to your home in order to keep ...


USA TODAY

Personal finance: 15 smart things you can do with $1000 right now
USA TODAY
(If you don't have high-interest rate debt, consider making an extra payment or two on your mortgage or on student loan debt.) Whether you owe $2,000 or $25,000, applying $1,000 to reducing your debt can make a big difference in your financial health.


Insider Monkey (blog)

15 Best Personal Finance Blogs for 40 Somethings
Insider Monkey (blog)
To find our best personal finance blogs 2017, we started with two lists from personal finance blogs (one of which is mentioned in this list): Wise Bread's Top 100 Most Popular Finance Blogs and Rockstar Finance's Best Early Retirement Blogs. We then ...


Chicago Tribune

Personal finance experts reveal their favorite money apps
Chicago Tribune
Both David Bach, nine-time New York Times best-selling author of books such as Smart Couples Finish Rich, and J Money a personal-finance blogger at Budgets Are Sexy, are fans of this app. “You won't get rich off of this, but it's a great way to dip ...


Benzinga

In Its 10th Year, Personal Finance App Mint Is Investing In AI, Data ...
Benzinga
Mint, the personal finance app owned by Intuit Inc. (NASDAQ: INTU), could be transformed by artificial intelligence and machine learning. That's according to ...

and more »

Forbes

How To Stop Boring Students When Teaching Personal Finance
Forbes
My mission for the past seven years has been to help students and recent graduates develop healthy money habits and build the foundation for a lifetime of financial wellness. As the co-founder of the Harvard University Personal Financial Management ...


Personal finance seen as big gap in education - Lowell Sun Online
Lowell Sun
BOSTON -- Eric Swansburg, a business teacher at King Philip Regional High School, passed a 100-question test around his class last week to gauge students' ...

and more »

4 Personal Finance Tips From Billionaires
Motley Fool
You may be looking for an edge in your personal finances -- something that can help you rethink your approach to money and start getting ahead financially. If so, you might benefit from hearing what billionaires have to say and learning from their ...

and more »

Personal Finances
Center for Responsive Politics
The tables on this page are based on 2015 filings, the latest personal finance disclosure information available. Explore specific politicians in our "Net Worth" section. Feel free to distribute or cite this material, but please credit the Center for ...

Google News

Five Secrets for Long-term Financial Success

Future financial success is not a guarantee that any one... Read More

How You Feel Affects How You Shop & How Much You Spend

Have you ever stopped to think about how your "mood"... Read More

Safely Save for Your Childs University Studies Using An Education IRA!

This investment retirement account (IRA) is useful to you as... Read More

Budgeting Before Buying

With interest rates being at an all-time low, I can... Read More

The Good and the Bad of Money Management

Good money management needn't be difficult. In fact, there a... Read More

Adverse Debt Levels Blight UK Consumers Personal Finances

Debt levels are at an all time high in the... Read More

Grocery Savings - Your Kitchen is a Goldmine!

Your food budget is the most flexible area of your... Read More

How To Place an Online Order for Checks ? It is Easy as 1-2-3

If You Have an Existing Account and 5 Minutes, You... Read More

Budgeting Your Way to Financial Freedom

Financial freedom cannot be achieved without budgeting. Budgeting involves tracking... Read More

Single Mother Resources Directs You Towards Success

As a parent you are bound to face a few... Read More

Ways to Save Energy and Slash Electricity Bills

1. Lighting & Light Bulbs Install low energy light... Read More

More Money? My Cup Runneth Over...But Im Still Thirsty

Most of us, especially those of us who have debtor's... Read More

What is ChexSystems?

Commonly referred to as the first of the three major... Read More

7 Simple Ways To Save Money

Each of us knows how to spend money, but do... Read More

Avoiding A Nightmare On Renovation Street

You've decided you want a bigger, better and more desirable... Read More

The Origins of Check Writing

People haven't always written checks to buy goods and services.... Read More

Students Investing in Their Future Need to Manage Their Finances Today

With the A-level results coming out, the long wait for... Read More

How to Balance Your Checkbook ? Get a Calculator and Pencil and You are Ready To Go!

Despite how easy it is to balance a checkbook, very... Read More

Saving Dimes Can Go a Long Way

On the other hand, there are those people who are... Read More

Money Matters - Really!

One of the biggest challenges facing black RELATIONSHIPS today are... Read More

Budgeting Tips to Save Real Money

Sticking to a budget can be difficult, but with so... Read More

Save Money Off Your Home Utility Bills

Many don't realize that our basic utility bills provide the... Read More

Knowing Me, Knowing You: Why ID Protection Plans Are Flawed For Fraud

ID theft is a major consumer concern, though there is... Read More

Why Live Frugally

What is it about being frugal, why do it at... Read More

Saving Money On Gasoline For Your Automobile

The gas that we fill our tanks with every week... Read More