Are your emotions ruining your budget? Yes, your feelings could be digging you in deep.
Many people use shopping as a form of therapy. And yes, we have all heard jokes floating around the office about some ‘good old” retail therapy.
Having a bad day at work? Then why not break out your plastic therapist and start shopping?
The only problem is, most of the time you end up feeling good for a while, but eventually buyers remorse sets in. You try to justify your spending but in the end, you feel awful after your glorious shopping spree. And what’s worse is when you later open up your HUGE credit card bill and see the amount of debt you owe.
It is time to stop the emotional shopping sprees and start taking control of your financial situation.
Emotional spending is a bad habit, but it is a habit that can be broken. And you are not alone. Learn how to stop your bad spending habits below:
Use the 30-Day rule to help you save more and stop spending frivolously.
Have you ever saw something in a store or online and just had to have it? Something caught your eye and that adrenaline rush started making your heart thump!
You quickly threw it in your cart or hit the “buy button” only to feel buyers remorse after a few minutes pass? Perhaps you even return the item when it arrives which is a hassle and sometimes cost you more money for shipping.
This is where the 30-day rule comes in.
The 30-day rule is a tool to help you decide if you really want or need an item you want to buy. By using the 30-rule you will delay buying and avoid buyers remorse. It also leaves impulse buys as a thing of the past.
According to a Pew study, 46% of Americans spend more than they make. Yes, that is almost half the country.
It is not uncommon to have a spending problem and advertising and celebrities glorify a glitzy lifestyle, leaving many people feeling like they need to keep up.
Not to mention, Americans have a habit of lifestyle creep. This means that if you get a raise, instead of saving it, you spend more on lifestyle and do not necessarily have more money in the bank.
Yet, if you use the 30-day rule, you can do yourself a favor and make a spending decision with a clear mind instead of making an impulse buy. Do you know how to use the 30-day rule? This post will help you out.
Are student loans driving you into debt? Find out how Alexis from FITnancial paid off her loans the day she graduated and use her tips to become debt-free.
With over $1.56 trillion in total U.S. student loan debt and the average monthly student loan payment amounting to $393, I knew I had to do my best to lower my student loans and pay them off when I could. I did not want to be paying off student loans for the next 20 years.
Before I applied to college years ago, I had little to no idea how financial aid and student loans worked. All I knew was that it was common for people to graduate with tens of thousands in student loan debt. And knowing that little fact made me start a journey of learning as much as possible about money.
Personal finance can seem scary, but it doesn’t have to be. Dare I say, you could make these personal finance tips part of your life and create good money habits that will set you up for a life you have always dreamed of?
Seriously, it is possible. There is no need to continue living in debt. You can learn to make your money work for you.
Learn to be intentional with your money and make sure all of your “needs” are accounted for in your budget. Then start adding in some of those important “wants” because you have the money to pay for them.
The posts below provide over 100 personal finance tips that will kick-start your savings, help you live intentionally with your money, and learn how to “personal finance” better.
What are you waiting for? Live the financial life you have always dreamed of.
Do you want a vacation this summer, but don’t have the money? Then you are going to love this guest post about staycation tips by Sumara from ExtraDoughPro.com.
What do you do if you don’t have extra time or money to invest in an honest-to-goodness summer vacation? What if your family can never agree on a vacation destination? How can you keep your family happy and occupied if you stick close to home for two months in the summer?
The answer is a staycation.
Planning a staycation doesn’t mean you’re lazy and unwilling to make travel arrangements. Nor does it mean you don’t have the brainpower to come up with an interesting itinerary. On the contrary, a staycation is a thoughtful choice that more and more families are making.
First of all, a staycation saves a ton of money. There are no airplane tickets, hotel reservations, or car rentals to purchase. And there’s no need to lose sleep over what to pack! In fact, the trickiest part of a “home vacation” may be getting your family on board with the idea. To that end, here are 10 clever staycation ideas to kick off the summer.
Are you looking to travel this summer, but don’t have the funds? There is something about summer that screams ROAD TRIP! Not to mention, if it is summertime I want to be laying by a beach reading – Not always possible with kids! ha
And although we would all love to see the world, not everyone has the budget to travel to a far off land overseas. But consider, the United States has some amazing locations that won’t break the bank. Yes, there are many cheap places to travel in the US that will leave your heart and your wallet happy this summer and leave memories that will last a lifetime.
My husband and I love to travel. People always ask us, “Do you take the kids?” The answer is yes. We love teaching our children about other cultures, geography, and history in general. However, we did take one short trip without them which is important for couples too.
It is important to note, we are also frugal. We love saving money and would rather live frugally throughout the year and spend our extra money on travel. My husband and I basically have no other hobbies except travel and coffee. (but we save money on coffee and use budget travel too.) We’ve also been known to splurge on a museum pass or two throughout the year!
The point is if you are going to spend money, experiences are a great choice over stuff. And if you like to travel, then you know you need cash to fund your wonder lust habit.
Therefore, visiting budget travel destinations can save money and will allow you to travel more often.
With that in mind, let’s take a look at my top ten Summer budget travel destination listed below.