3 BABY STEPS TO BUDGETING
Does the word "budget" make you want to pull your hair out?? Here are three easy baby steps to budgeting that can make the process smooth and simple no matter what your experience with personal finance.
Leave a comment and let me know what baby steps to budgeting you would suggest. If you try any of these steps I would love to hear how it goes for you! Be sure to subscribe for new videos every Friday!
3 MONEY MISTAKES TO AVOID highlights 3 common money mistakes we need to avoid on the path to financial success.
Check out other USU Extension financial resources here: www.finance.usu.edu
USU Extension Blog: www.livewellutah.org
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Here are 5 steps that financial experts recommend to spring clean your personal finances. Be sure to subscribe for new videos every Friday!
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USU Extension Blog: www.livewellutah.org
The 52 Week Money Challenge is a fun way to stash a bit of cash while still managing the day-to-day expenses in your budget. Check out the video and leave a comment below telling me what you'd spend $1,300 on!! Woot woot!!
Be sure to download the printable 52 Week Money Challenge Chart above to help you get started!
Thanks for watching! Be sure to check out Part 2 here!
I wrote an article that was published this week as a Utah State University Extension Ask a Specialist column. Head over to extension.usu.edu to read my tips for money goals in 2015!
According to the National Retail Federation consumers spent an average of $730 per person during the 2013 holiday season. Yikes!! Financial planners advise us to spend no more than 1.5 percent of our income on all holiday expenses. Obviously the specific amount varies for everyone so, while I can't offer a hard-fast number that fits each person or family, I can pass along some saving strategies. If you love the holiday as I do but don’t want to be paying for it in May, here’s a few things to consider now.
1. Determine your gift spending plan and stick to it: Gifts are one area of our holiday expenses where we have total control over how much we spend! Take a few minutes (include your significant other if applicable) and determine how much you can spend. Finish the spending plan BEFORE you start shopping. Keep track of the spending as you go along. There are plenty of Christmas gift budgeting apps to help. Pick one with high costumer ratings and use it to keep your spending plan updated as you go.
2. Set aside some money: Is it too difficult? Is there even time between now and Christmas? Yes, I think of it as making choices. If you are spending $8 to $10 each day for lunch, pack your lunch and save that money. Over the next four weeks, that could add up to $200. Think for just a moment about those credit cards. Anything you charge will have to be paid back at $15 to $20 for each $100 you charge if you carry a balance from month to month and make only the minimum payment. That is a great motivator to find the money without resorting to credit.
3. Be smart about sales: We are all familiar with Black Friday but are you taking advantage of Cyber Monday? The Monday following Black Friday, referred to as Cyber Monday, is when online retailers offer great deals often including free shipping. Be ready to go with your gift list and pay less for gifts from the comfort of your living room!
4. Get creative: There are lots of ways to reduce the dollars and still give appreciated gifts. Non-monetary gifts are a fabulous way to keep costs down. Homemade gifts are often more meaningful. Coupons or certificates for service or quality time are a great way to share talents and make memories.
What tips do you have for last-minute Christmas budgeting? Leave a comment below!
Be sure to check out the LiveWellUtah blog for some delicious holiday recipes that won't break the bank!
What's the secret with the wealthy? How do they succeed? Ever wondered how self-made wealthy people got that way? While I don’t have any tips on how to make money quick, I have come across some interesting research...11 habits of wealthy people. I feel some re-vamping of my New Year's resolutions coming on...
Click over to Habits of the Wealthy to learn more.