Budgeting Archives - Page 13 of 16 - I Heart Frugal

Budgeting

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

Best Money Quotes to Build Your Wealth Series – 4

Will Rogers - Money Quote

“Too many people spend money they haven’t earned…to buy things they don’t want…to impress people they don’t like.” – Will Rogers

Have you heard this one before? Will Rogers definitely hit the nail on the head in terms of budgeting. I mean, where do we draw the line between what we want and what we need? When budgeting, we should ask ourselves if we really want something or if we are buying it to impress someone else. If that is the case, it is better left on the shelf.

It doesn’t help that 8 out of 10 of Americans are in debt (source CNBC.com). Money management has been left behind as we view commercials showcasing the “cool” guy in the car with a bunch of hot girls, the best hair, best clothes, and the best life! He is living “the good life” we all want, right? It is because of advertisements such as these that most people feel what they have is never enough and going into debt for “the good life” is as easy as a stroll in the park.

Yes, my friends…Advertising is at an all-time high. You may not realize you want that new lamp until you see a perfectly placed store display at Target and the lamp starts calling your name. After watching one cartoon, my kids now want three different toys they didn’t even know existed until the said cartoon was complete.

It seems the latest and greatest has replaced any concern for sticking to a budget. Credit cards are the norm and people spend on a whim without realizing the full consequences. These consequences of spending without a budget include the following:

    • Huge debt
    • Paying interest
    • Paying more for items because of interest
    • Losing your car
    • Losing your house
    • Unneeded stress and anxiety
    • Bankruptcy
    • Debt collectors



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9 Super Secrets to Staying Debt-Free This Christmas

 

9 Super Secrets to Staying Debt-free This Christmas

Is your budget bursting like the buttons on Santa’s coat? Is swiping your credit card making your anxiety run high? Holiday spending is a major cause of stress. It is easy to get caught up in all the gift giving and Holiday activities that we live in the moment and forget the Holidays can spin us into a whirlwind of debt.

The best way to curb the anxiety is to create a plan. If you make a budget and check it twice, you are bound to have a stress free Holiday Season with visions of a debt-free life dancing in your head.

According to an annual study conducted by Prosper Insight and Analytics people plan to spend an average of $967.13  which is up about 3.4% from last year (source National Retail Federation). Not to mention, 56% of Americans plan on going into debt for the Holidays and although many realize how important a budget is 58% of families fail to stay on budget. (source: The Motley Fool).  Spending $967.13  is a HUGE chunk of change, especially if you are already struggling financially.

Many are tempted to dip into their emergency fund or retirement account or open a credit card to make ends meet during the Holiday Season. This is a bad idea all around. Your emergency fund should be used only when NEEDED and using a credit card only guarantees you will pay way more because of interest. Since going into debt this Holiday season is not an option,  I’m going to give you some jingly-good ideas to help save your budget and still have a nice Christmas or any Holiday you celebrate.

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Money Help When You Have No Money to Pay Your Bills

Do you need money help?

Do you need money help? Find out how to get ahead and stop living paycheck to paycheck. #personalfinance #savemoney
Are you living paycheck to paycheck? There is money help. Find out how to get ahead.

Recently I was asked, “I need money help. How can I save money when I can’t pay my bill?” This was a profound question because I know the struggle of having very little funding and trying to scrimp and save to get by, let alone stay out of debt.

We often forget, there are millions of people in out there struggling to stay afloat with their day-to-day bills. Yes, these are hard-working people who just can’t seem to get their ledgers back in the black.

Reasons You May Need Money Help:

Some have enough money but spend themselves into a whirlwind of debt.

Yet, others do not make enough money and can’t make ends meet.

In either situation, life can become stressful, worrisome, and it is difficult to live your best life because bills are always looming in the back of your mind like an unstable tree ready to crash.

My mission at “I Heart Frugal” is to offer money help so people can live and amazing debt-free life. I teach about budgeting and living within your means.

Yet to some this goal may seem impossible when faced with mounting bills. As the bills pile high, catching up seems like it will never happen.

However, I am here to tell you, there is money help and you can do something about your financial situation.

There are so many others out there that are sharing your same money problems, but the good news is, there IS something you can do about it.

So let’s get real about your finances, admit there is a problem, and focus on the solution: A good budget and money-saving action plan. After you have created your action plan, take some steps to avoid this situation in the future.

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Best Money Quotes to Build Your Wealth Series – 1

Best Money Quotes Series – #1

Please enjoy my new series: Money quotes! These inspirational quotes will help kick-start your financial goals into overdrive and motivate you to save! My first quote in this series is by financial guru Suze Orman, whom I have followed for years.


Suze Orman - Money quote

For those of you that don’t know Suze Orman, she is a financial guru, New York Times best seller, motivational speaker, magazine colunmist and Emmy award winning television host. She is known for her “Can I afford it” series, where she allows her viewers to call in and learn if they should spend their money on a wanted item or trip. Nonetheless, she teaches people to get their affairs in order including budgeting, investing, retirement, life-insurance, and living wills.

My husband and I used to watch her show together on Saturday nights before we had kids (I know, what a fun date!). Her advice was astounding and really helped us to have some great money conversations and set financial goals as a couple.

Suggested Reading: No Money to Pay My Bills, Help!


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