Do These Things Before A Big Purchase

We’ve all had a moment in our lives when we’ve had to make a big purchase. However, there are some things you want to make sure you do before a big purchase. I’m going to make sure you’re aware of these things to help ensure you’re making a great financial decision for your life and your family.

Do Your Homework.

I don’t want you to overspend on an item if you don’t need to. For example, if you’re going to buy a phone then buy one that has all the functions you need. But don’t buy one that has more than what you need. You’ll end up paying more for functions you may never use.

The same goes for a car, computer, or anything else.

Do your homework before you spend your hard-earned cash. This is especially true when it comes to financial investments. You don’t want to just hand over your money without knowing what you’re truly getting into.

If you have any unanswered questions, don’t buy it until you’ve answered all the ins and outs. This is to protect yourself and your pockets. Read more

Ways To Cut Your Expenses In Half

Cut your expenses in half

Did you know there are many ways you can cut your expenses in half? You work so hard for your money, you shouldn’t hand it over to someone without first doing the math and calculating the results.

Here are some ways you can cut your expenses and keep more of your hard-earned cash.

(This post may contain affiliate links. If you make a purchase through one of my links, I’ll receive a commission at no extra cost to you. Thank you so much! Read our full disclaimer here.)

Don’t finance for phones.

This is really important: Never ever finance a phone. I don’t think you should finance anything except maybe a home. However, please do not make payments on a phone. Read more

Why Some Budgets Don’t Work

Having a budget in your life is a great way to ensure you’re making the most out of the income you worked so hard to earn. There are many people who live by budgeting and can attest that they work.

Nevertheless, there will always be reasons why a budget may fall apart. Everyone is different, thereby making all the reasons different. However, the following reasons have made many budgets fall apart and left the owner wondering, “Why don’t budgets work?”

Your budget is too complicated.

When budgeting, you want to make sure every dollar gets an assignment. That means every dollar you earn should have a place you’ve designed it to go.

That being said, you don’t need to go into too much detail. For example, when I write my budget I label a portion for “food”. I don’t label a portion for the bread, rice, and spaghetti. That would overcomplicate it and eat too much of my time. Read more

6 Benefits Of Budgeting

Benefits of budgeting

Budgeting. This simple word can cause many people to tense up and dread the following conversation. However, there are many benefits of budgeting every dollar each month.

Personally, I’ve found that having a budget in place gives me peace of mind and eliminates money quarrels within my family.

Since there are many people out there who may dislike talking about budgeting, I thought I’d give a little insight on a few different benefits of budgeting.

Your bills will always be paid on time.

Paying our bills are important. So much so, that forgetting to pay a bill can cause sudden stress on an individual. Read more

How To Stop Spending Money On Impulse Buys

Save money on impulse buys

The average U.S. consumer spends $5,400 a year on impulse buys. [1]

How’s that for an eye-opener? Think about the above statement. If a person only makes $30,000 a year, that means they’re spending about 20% of their income on impulse purchases. What on earth? If only there was someone to teach us how to stop spending money on impulse buys! Don’t worry, I got you covered. I’m going to share with you 5 best practices to help you curb impulse purchases and keep your money!

Ask yourself this one question.

Is it a want or a need? Technically speaking, the only things we really need are water, foods, clothing, and transportation. Ask yourself that question before giving in to that appealing purchase that probably won’t satisfy you for long.

Think about it. How many things do we buy that we end up forgetting about later? We’re better off just leaving it on the shelf. If you find something that you really want, apply the next tip.

Sleep On It.

When you really want something, hold off on buying it. You may change your mind later and realize it was an emotional feeling you felt. On the other hand, if you still want the item a few days from now, then go ahead and buy it. Most of the time, impulse purchases are things we don’t really want that bad. They’re just things that end up in the cart without us realizing it.

By waiting it out, you can do research and try to find the item for the lowest price possible. Plus, buying things in the spur of the moment can lead to us spending money on bad quality items.

For example, not too long ago my son broke our TV. So of course, my husband wakes up early in the morning to buy a new one. He got a Walmart brand TV for cheap, brought it home, and found that the quality was horrible! He ended up returning it and buying something else.

In this case, we knew we needed to get a TV. However, by not waiting and doing research it led to wasted time. Holding off on a purchase and doing research on an item before you purchase will always be a good thing. Read more