Budgeting Archives - Page 11 of 16 - I Heart Frugal

Budgeting

Learn how to budget and take control of your finances and budget better.

Top Money Hacks That Will Save You Thousands

Top 20 Money Hacks You Must Try

Top Money Hacks That Will Save You Thousands #budgeting #personalfinance #moneyideas
Top Money Hacks That Will Save You Thousands

Are you trying to save money? Often times we think saving money is difficult. However, if you want to make life easier here are 20 money hacks that will leave you with more money in your budget so you can rest easy.

You can use your extra money to build up an emergency fund or pay off debt. It’s up to you. These money hacks are life changing!

What would you do with an extra $100 or more in your budget every month? I would personally start saving for my next vacation because I have paid off my debt and now my savings are a bonus.

However, if you have debt you could start a plan to pay it down. This is your time to start a savings plan and if you need money help do your research and get your budget on track.

Do you have an emergency fund? I recommended saving six to nine months of your current total bills in case of job loss or a sudden change in your health such as a car accident. It is unfortunate if this happens to you but it is best to be ready. 

The best part is, it is totally doable with the money hacks below. Stop wasting your money and start living better.

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52-Week Money Challenge Using Pennies with Free Printable

52 Week Money Challenge #savemoney #moneychallenge #moneytips #personalfinance
52 Week Money Challenge

If you don’t think pennies are worth anything, then think again. My son’s school just had a penny war challenge for a fundraiser and they were able to raise over $1000 by collecting pennies from elementary-aged kids. Furthermore, in this 52-Week Money Challenge using pennies, you can come close to that amount by saving pennies yourself. In fact, at the end of the 52-week money challenge, you will total out at $667.95. – Not bad for saving your spare change.

This money challenge is unique in that you can save your spare change and end your year with a nice chunk of change. However, toward the end of the challenge when you start adding $20 to your fund, you may want to switch to dollars or start cutting out some of the “want” areas of your budget to help you stick with it.

If you have heard the phrase “A penny saved is a penny earned” then you know money is money. No matter how small it is worth something. The truth is pennies can add up over time! Not to mention, the bank agrees with me and will accept penny deposits. However, most banks do not accept loose change unless you roll the coins yourself. But hey, if you start saving your pennies now, by the end of the year you will have over $600 in your savings account.

Join my money-saving challenge email class:

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Are You Broke? You Should Never Buy These Seven Things

Are You Broke? You Should Never Buy These Things:

Are you broke? Never buy these 7 things #savemoney #frugal #broke
Are you broke? Never buy these 7 things:

Are you broke or struggling financially? If so, there are certain things you should avoid buying. If you take a look at your budget, these are things that simply must go.

According to PEW Charitable Trust, a staggering 80% of Americans are in debt. Most do not have $500 in an emergency fund to cover a basic car repair or hospital bill.

Unfortunately, personal finance is not taught in most schools (unless you are taking a business class) and people continue to dig themselves into a hole because they never learned how to handle money.

Yet, personal finance is a simple matter of knowing how much money you bring in and how much money you need to cover your bills. Yes, we could go into great detail on this subject alone, but it is a simple input versus output mathematical equation. However, if you need help with your budget, then check out these posts:

Yet, once you have determined your input/output equation then it is best to live within your means and pay down debt to avoid paying more for everything the rest of your life (because of interest). If you have credit card debt you are paying interest on everything you buy with your credit card. Chances are you probably don’t remember half of the items on your bill, but you are now paying WAY more for each and every purchase because the interest is high, especially if you have late fees.

Nonetheless, debt is not a life sentence and you can become debt-free. Learning to live within your means and only buy your “needs” until your debt is paid off, is the best option to live a better life.

 

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What Should I Spend Money On If I Want to Splurge?

What Should I Spend Money In If I Want to Splurge?
What Should I Spend Money In If I Want to Splurge?

When you create a budget, there is always the BIG question: “To splurge or not to splurge?” I mean, what should you spend money on?

Maybe it is a new shirt or night out on the town and let’s face it, budgeting can at times make you feel confined and limited! If we are being honest, budgeting can be a tad depressing!

Related Budgeting Posts:

It all comes down to the numbers and I’m happy to report, you ARE allowed to spend money on a splurge every once in a while.

If we don’t treat ourselves now and then life would get mundane. Living your best life would feel out of reach. If you are always confined to a budget it is more likely that you will give up and drive yourself further into debt.

Yet, what I’m asking here is to splurge with care. If “planned splurging” is a thing, then that is exactly what you will do!

But wait…Instead of going out and charging yourself into a whirlwind of debt, proceed with caution. Proceed with EXTRA caution.

It would be SO easy to take your plastic piece of fun – a.k.a your credit card – and do some damage. However, this may have been what got you into debt in the first place.

Now that you are on a budget track, keep it up! But you can add a splurge to your budget once in a while using the tips listed below.

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The Ultimate Guide to Spring Fashion on a Budget

The Ultimate Guide to Spring Fashion on a Budget
The Ultimate Guide to Spring Fashion on a Budget

Hey, Ladies! Are you looking for Spring Fashion on a Budget?  Spring fashion is super fun and makes a girl feel flirty and cute!

The only thing we don’t like is the overwhelming price tag of buying new trends every season, especially if you are on a budget.

Lucky for you all, I have found 51 amazing deals to help you look your best without breaking the bank!

All of these cute items are $25 or less! (Note there are two that are $26 but were too cute not to add.)

So start decluttering your closet to make way for some new, fresh looks this spring!

I’m not a fan of spending more than you bring in, and I would love to help you all save more money! So if you don’t need new clothes, then do not go crazy and overspend!

Yet, if your wardrobes is as old as the Egyptian pyramids, then it is time to give yourself a mini-makeover and learn to budget shop for clothing!

Believe me! Your pocketbook will thank you! – Ha! That’s what my grandma used to call her wallet!

Suggested Reading: Secrets to Affordable Fashion for the Frugal at Heart

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