Some decisions you make in your youth seem bad at the time, while others don’t reveal the true depths of their awfulness until years later. Behaving in a recklessly impulsive manner with finances can come back to cost you, making it important to correct your misbehavior before problems overwhelm you.
If you’ve lived on a tight budget for a while because you’ve been out of work or gone back to school, it’s a little bewildering to start drawing paychecks from a new job. You may feel rich, but your wealth will be determined by your budget rather than your income.
Paying for a ski trip can seem like a blind run down a rough slope, with formidable costs hard to avoid as you careen down the mountain. Veterans of the slopes know how to cut down on costs so they can focus on enjoying their time in the snow.
If you’ve never lost control of your budget or your weight, you can’t truly appreciate how great it feels to take command of either, enact a pragmatic strategy and see results. If you become skilled at managing one aspect, it can lead to success in another.
New things seem like the most amazing things ever until you get tired of them and get the urge to replace them with newer stuff. The buy-boredom-replace cycle is natural and tough to avoid, but you can save money if you can figure out how to stretch it out longer.
Your golden years come with a gold rush of discounts. Looking to cater to seniors eager to stretch out their funds, businesses offer sweet deals to the older set.
Renowned children’s author Dr. Seuss was great at instilling life lessons through resonant rhymes and artwork. His books also pack some poignant financial lessons.
It’s empowering to discover alternate uses for regular household items. Explore these secrets and you can save yourself trips to the store to get things you thought you needed but actually can do without.
Maybe the phrase “Always a bridesmaid, never a bride” is less a lament of singledom and more of a complaint about being forced by a succession of friends to make unreasonable financial sacrifices in the name of their big day. Women who are asked to be bridesmaids are forced through a gauntlet of brutal financial and time commitments, and should bear those costs in mind before accepting a request from a bride-to-be.
As the deadline for filing your federal tax return draws near, so does the anxiety of how you’re going to pay Uncle Sam the money you owe. If you can’t write a check for the full amount, the simplest and fastest way could be to put it on your credit card. But that’s probably not a good idea.
If you’re holding a hefty balance on your credit card at a double-digit interest rate, it might be tempting to apply for that new credit card promising you 0% interest on balance transfers for anywhere from 12 to 18 months. While it’s definitely a sound idea to pay less interest, don’t be tempted into behavior that will only lead you into deeper debt.
It can be depressing to calculate the amount of time you spend working to pay for your car. Your ride siphons money from you in an overwhelming amount of ways, including your monthly payment, gas, insurance, registration fees, maintenance and repair. If you want to start living more frugally, you can cast a stink eye at your car to look for ways to start cutting back.
If you’re struggling to make ends meet, it’s understandable to half-joke that your credit cards act as your emergency fund. But if you can save and choose not to, content that credit will rescue you from any trouble that arises, you’re only tempting fate.
If your social circle converges on your house to watch the best commercials of the year and the obligatory football that plays out in between, the burden to host a Super Bowl party can ravage your budget like University of Arizona product Rob Gronkowski does hapless secondaries. But you can cut corners here and there to trim costs without letting your frugality show.
If you’ve got a bunch of singles in your wallet, you probably don’t think much of burning a few of them on a trinket or snack that catches your eye. If you’ve got larger bills, such as $20s or $50s, you’re probably less likely to go through the hassle of breaking them just to indulge your whims.
When you get a hold of a large chunk of cash — say, from a bonus, tax refund or item sale — those with the self-control not to blow the funds have to decide whether to save it or pay off debt. While there are other options available, such as investing or donating the money, saving vs. debt reduction is one of the tougher quandaries to decipher.