Does budgeting make you feel trapped and confused? If you are new to budgeting, it can seem stressful and daunting.
You may be thinking, “Why would I confine myself when I can spend freely?” Maybe you need some budgeting tips for beginners.
However, budgeting can lead you to financial success and help you live a debt free life. If you are in debt or stressed about not having an emergency fund or retirement fund, planning a budget is the next step in preparing for your financial future.
In fact, maybe you are having difficulties with budgeting and financial planning because you haven’t found the perfect budget for you. Creating a DIY budget can be stressful and downright scary. However, consider the fact that maybe you haven’t found the right budget.
Because there are several types of budgeting systems and by trying just one, you may be doing yourself a disservice.
Are you paid on salary? This means you have a fixed amount of money you are paid throughout the year and you are typically paid bi-weekly or monthly by your employer.
In terms of budgeting, your job is easier than average because you have a stable amount of money to work with. Therefore, it is easier to decide how much money you will save, but also set aside money for bills.
Generally, trying to save while on an unstable income is harder than if you are paid on salary. If you are paid on commission or tips, it is difficult to plan for savings because you don’t always know how much you have coming in or if it will be enough to cover your monthly expenses.
Speaking from experience, it is typically easier to budget when you are paid on salary. I was a teacher before becoming a blogger and stay-at-home mom and in my district and many others, we are paid on a salary scale. Working as a teacher for thirteen years, I was able to know how much money I would have bi-weekly and as an added bonus I was on a fixed pay scale which meant I got pay raises every year according to our teaching contract.
During my teaching time, having a steady income made it easy to save. In terms of budgeting, I knew how much money I had coming in each month and it was easy to plan for savings, investments, and retirement. Not to mention, I was also able to set up an emergency fund.
However, if you are asking, “How can you save money from your salary.” you have come to the right place. This post will outline tips and examples of how to save money from your salary.
What you will learn in this post:
how to automate savings
how to save for retirement
how to invest
If you are wondering how to save money from your salary, use the tips below.
Are you looking to get out of debt but don’t know where to start? Then you are going to love the How to Get Rid of Debt and Also Manage Your Credit Score guest post by Allan from The Practical Saver.
Let’s face it. All of us want to be debt-free. It feels good to not owe anything to the creditors. It feels good knowing that you can go to sleep at night without thinking that you have to wake the next day figuring out how to pay off your debt.
In addition, many of us want to get rid of debt so we can improve our credit score.
The higher the credit score, the greater the chance we would be approved for low-interest credit.
Believe it or not, there are ways to get rid of debt and also manage your credit score.
If you’re interested and ready to know what these ways are, then, read on!
I have a specialty grocery store across the street from me. They make wonderful dips, pre-made food like barbeque and salads and – best of all – fabulous cakes. However, I don’t shop there much on a day-to-day or week to week basis. Why? Because I know I can get my regular groceries and produce much cheaper elsewhere, especially if I want to buy organic.
Moreover, I will surely avoid buying organic food at the specialty store because of the extremely high prices. Although their food is good quality, I know I can find good quality cheap organic food and produce at other stores for much less.
And who doesn’t want some extra cash in their wallets after a long, hard trip to the grocery store?
There are two main types of grocery shoppers:
The bargain hunter – This is SO me. Why pay more when I know I can save on my grocery bill and keep my hard-earned money. Ishop frugally and use coupons and coupon apps.
The “Cart Tosser” Shopper – This is the shopper that throws everything in the cart without looking at prices. Although this is a fun way to shop, the bill is often a huge surprise.
Regardless of what type of shopping category you fit into, I can teach you some ways to cut your grocery bill and buy organic food on a budget. I can also give you some ideas for quality food and find the cheapest organic food so you don’t waste your money.
Eating Healthy On A Budget – Helpful Ways To Make It Affordable
Are you looking to eat healthy on a budget but don’t know where to start? Then you are going to love the Eating Healthy On A Budget – Helpful Ways To Make It Affordable guest post by Nicole from Struggle Today Strength Tomorrow.
With food and the cost of living always on the rise, eating healthy can become difficult for those on a smaller budget. I’m going to show some simple ways that you can eat great foods at prices that are great for you!
When people think of healthy foods, they often think it’s too expensive or time-consuming to eat a healthy diet.
Sadly, not every person has the kitchen skills needed to cook from scratch and enjoy a delicious home-cooked meal. So I won’t go too into detail here, and will primarily focus on the saving money aspect.
Things I will cover in this post:
4 ways to save money on fresh produce
3 unique ways to save money on meat
How to save money on bread and healthy grains (without baking!)