Last week, I decided to have a big splurge. I bought an international plane ticket last minute to go home and visit my family. I had some time off of work, it was Mother’s Day, and it was also a few days before my birthday. While I hadn’t planned on seeing my family until the holiday season, I really missed them, and I wanted to go. Plane tickets to my hometown are pretty expensive, and there are always other costs involved in seeing my family, including meals in the airports, gas, etc. Yet, sometimes, even someone as frugal as myself just can’t help but swipe the credit card. Some things are more important than saving money. Yet, this mindset can also lead to financial problems. If we weighed every situation with the mindset that we’ve “earned” a splurge, it can lead to credit card debt and set us back from achieving our goals.
Frugality gets a bad rap. I’m guessing that it’s because being frugal is often confused with being a miser. You know, those people who won’t spend money on anything. Those people who drive 5 miles out of their way to get gas for 3 cents less per gallon. Those people who take their dates to a restaurant during half price happy hour and will only let the date order appetizers. You know the ones. Then, there is also the misconception that frugality doesn’t matter. Some bloggers are notoriously anti-frugality and argue that saving a little money here and there really doesn’t matter. Instead, they’re proponents of growing your income so you don’t have to pinch pennies.
Sometimes it seems that most money tips are just aimed at the pros, so below I’ve included several tips that will work for absolutely anyone. Enjoy!
How many pounds do you think the average American family wastes in food each week? (If you’re like me, you’re surprised that the total is even one pound let alone pounds.) Any guesses? According to ABC News, the U.S. average of food waste is 14 pounds a week! One family ABC News followed, the Dickinsons, spent $300 a week on groceries, but they threw away 13 pounds of food every week. Over a year, that equated to $4,000 a week going straight in the trash.
It’s tax season and that means you’ve probably been taking a good look at your finances as of late. While tax season is almost over, it might also be a good chance to take a look at your credit cards. As a rule of thumb, you want to pay your credit card balance in full every month, but sometimes unexpected expenses arise such as car problems or medical bills that have the potential to break the bank if you don’t have a line of credit in the form of a credit card to pay for those expenses. If you find yourself in a situation where you need to use a credit card to pay for a large and unexpected expense, it’s a good idea to use a credit card that offers a long introductory period with no interest.
According to the media, now is the perfect time to buy a house. Or –wait a minute—wasn’t 2010 the perfect time to buy a house because prices were so ridiculously low and interest rates were low too? No, no, no, 2005 was the perfect time to buy a house, because if you waited any longer, you were most certainly going to be priced out because prices only increase—they never come down.
The Internet is an amazing tool in our pursuit of just about everything. Need a job? Head to Monster or CareerBuilder to peruse local job listings. Want to sell that old couch? Post an ad to Craigslist or Facebook. Looking for your soulmate? Yeah, there are websites for that too. In fact, the same holds true for saving money on products or services. Shopping online offers a faster and more convenient way to find deals. There are a ton of new online shopping tools designed to help you track discounts, monitor prices and make smarter purchases. Check out these five new websites designed to help you save big bucks without much effort.
Kids are fast learners, and one of the best lessons that we can teach them is money management. However, money management is often hard for many adults to grasp, so how can we teach our kids about money in a way that is engaging?
My husband would like a raise at work, and while that may be a possibility in the near future, you can’t always rely on a raise to increase your paycheck. Here are three ways he has increased his income without getting an official pay raise or changing jobs. I also added a bonus tip too.
We all know that social media is a great tool for connecting with others. However, even the savviest #hashtagger might not be using social networking to its fullest potential, especially when it comes to making and saving money. So, below we’ve included our top tips for using social media to improve your finances. Some of them may surprise you!