7 Tips for Educating Your Children about Saving Money

Saving Money

Teaching your kids to save money is an important part of responsible parenting. Many people graduate from high school and college with no concept of how to save money, make investments, or manage their taxes. Although teaching your child about bank loans, investments, debit and credit cards may seem like a little too much, you can start off by teaching them the simple art of saving money. Continue Reading…

9 Tips to Help You Stick to Your Budget

Budget

Sticking to a budget can be difficult for anybody. Most of us start the month off with the best intentions of saving money, however, at the end of the month, many of us find out that we have exceeded our spending limit. This is common scenario.

There are a lot of reasons why one might overspend. For instance, splurging on a particular item, or seeing different temptations while shopping. However, one must realize that it might be time to adopt some new habits and strategies to save money and stay within budget.

Here are a few tips and tricks that will help you stick to your budget and become more diligent about your spending habits:

1. Pay Cash
For some people, credit cards are too convenient and may tempt some to spend more money than they have. If you stick to paying for everything with cash, it can make a difference in your spending habits. Carry only the cash that you have previously allotted in your budget. Spending a large sum of money while you’re paying cash can help you rethink your decision.

2. Use Coupons
Using coupons is a great way to save money. There are many stores that accept coupons. You can find free coupons in magazines, newspapers and even online. Some stores even have their own free apps that have daily, weekly and monthly coupons that are available to you after you download the store’s mobile app.

3. Make a List
A great way to avoid spending extra money is to make a list of only the items you need. They can be grocery items, household items, gas or utility bills. If you make a list of all the things you need to purchase and how much those items cost, you will have a great idea of how much you need to spend each month.

4. Shop Alone
If you shop with your family, someone is bound to find at least one item they want to purchase that is not on the shopping list. Agreeing to make these purchases can make others in your family happy, but can also force you to spend over your budget. A good way to avoid this is to either shop alone, or set a certain amount of money aside for such requests.

5. Negotiate Prices
Try to negotiate the prices of things you buy. Some retailers will sell items at a discounted rate. The worst thing that could happen is the retailer doesn’t agree to discount the price.

6. Resist Advertisements
Many stores tempt customers with offers and discounts that may seem harmless at the time, but in the long run, these deals can damage your budget. Avoid giving into these temptations to help stick to your budget.

7. Track Your Spending
Many small purchases can amount to a large sum of money by the end of the month. Spending a dollar here or a dollar there might not seem like a big deal, but it can take a toll on your budget over time. The best way to overcome this problem is to track your spending. You can do this online, with a spreadsheet or write your expenses on paper. If you keep track of all expenditures, no matter how small they may seem, you may be surprised to see how much you can reduce your overall spending.

8. Limit Shopping Trips
The less you go out, the less you’re bound to spend. If you shop frequently, then the chances of you buying non-essential items can also increase. To prevent this from happening, you could assign one day for all of your weekly shopping and buy everything that you need on that day.

9. Log Expenses Frequently
Instead of logging your expenses at the end of the month, you could try logging them daily. Ask for a receipt any time you buy something. This way you will be able to track your spending activity and get a better understanding of your spending habits.

With a few changes to your spending habits, you can learn to stick to a budget. You can avoid not only unnecessary expenses, but also increase your savings. By adopting these tips, you can not only stay within budget, but can also save a lot of money.

Tips to Consider When Traveling

Traveling

To experience the world as a traveler, and not as a tourist, you need the freedom to explore beyond the landmarks. But how can you travel around without actually breaking the bank? Below are some financial tips that may help you save money and enjoy a vacation more than once a year. Continue Reading…

Guest Blog: Best Ways to Save at Thanksgiving

Thanksgiving

We’re thrilled to share this guest blog post from NerdWallet with you. Even though it’s Halloween, you can’t start planning for one of the year’s most expensive meals too soon. Enjoy!

Thanksgiving is a time to gather with loved ones for a satisfying meal and kick off the holiday season. If you pay current prices for your menu items, though, you could blow a chunk of your holiday budget before you even get to the pumpkin pie. Continue Reading…

Guest Blog: 5 Tips to Save Money While Going Green

Going Green - Nerd Wallet Guest Post

Today’s post comes from our friends at Nerd Wallet–a great piece about how going green can save you money! To learn more about going green with Peach State, visit our Web site!

How Going Green Can Save You Money

 

When most people think of earth-friendly life changes, kindness and self-sacrifice come to mind rather than personal gain. What if caring for the planet also could save you money? Get ready to make some green changes because the truth is that going green will save you a significant amount of cash.

Continue Reading…