Money
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My Top Budget Trimming Tips (or “Oh No! I’m Overbudget!”)
It happens to all of us. We make that list of expenses and the total amount exceeds our income. What to do! Here are some of my favorite tips: Eliminate the unnecessary. Find those items on the list like gym memberships or other subscription services. Anything that you don’t use regularly or really look forward to receiving should be canceled. Seek out lower cost options for your “Needs”. Try bundling services for discounts. Many cable companies offer discounts for combined cell phone, land line, internet and television. You can also get great discounts on your insurance by getting multiple policies with one company. I have been with…
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Trimming the Budget Fat
You have just finished creating your budget. You have a list of all of the money you have coming in and all of the money going out. Uh Oh! The amount of money going out is higher than what is coming in. What can you do? Sort out the Need from the Want and then trim the fat! First Steps to Take – Separate Needs and Wants: First, separate your spending into two lists: Need and Want. Let’s consider the Wants as things that you can live without. Prioritize that list of Wants so you can see what is most important to you. We will put that list aside and…
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Creating a Budget
We have all heard things like: “It’s important to stay within your budget.” But what IS a budget? How do you create one? A budget is simply a list. But it is a very important list. This list shows you where your money comes from and where it goes. Having one allows you to figure out what you can and cannot afford. Here are some steps to get you started creating your budget: Pull out all of your bills. Yes, ALL of them. Even the nasty ones you wish would just disappear. It is important to know exactly what money you need to pay out each month.…
