There are traditionally several opportunities to spend money during February. From Super Bowl parties to Valentine’s Day to many other social events that seem to dominate the short month the opportunity to spend is great. The good news, there are also several ways to save in February too.
Following a budget can be restrictive, tiresome and grows old really fast. Unfortunately, budgeting is the best way to stay in control of your money, live within your means and have less financial stress in our lives. Don’t worry, there are ways to avoid budget burnout especially if you recognize the causes of being overwhelmed by your budget.
Financial success is not always easily found. There are several ways to start down the wrong path that can create difficult financial burdens to overcome. It doesn’t have to be that way though. There is a SIMPLE way to better financial outcomes.
Have you thought about what you might do if you received an unexpected windfall money, say from lottery winnings? Most of us are not likely to win the Powerball but it is very likely that many of us will receive bonuses, inheritances or even large tax refunds. Making smart decisions when this happens can change your financial future positively.
There are so many ways to spend less or save more that trying to do them all in one month can become overwhelming. A better way to accomplish your financial goals is to break the tasks down to items to complete each month. This provides a manageable list of actions to accomplish in the month and we are more likely to see better results.
The start of the year is a good time to start planning, especially if you have a major life event in your future. If you follow a few smart financial tips these life events don’t leave you broke and help you control the emotional aspect of these events that can lead to irrational financial decisions.
Being in financial distress is not always related to a single event. Many times it is the impact of minor bad decisions over a long period of time that can be the cause. There are five financial habits that can be very detrimental to your long term financial success. Changing these habits will make a dramatic difference financially. The five habits to change are: having an expensive daily habit, irresponsible credit card use, buying a car every two years, making many small purchases instead of one large purchase and the number one habit to change is using “hoping for the best” as your financial planning model.
The holidays are supposed to be all about fun and good tidings to all. Unfortunately the holidays can also be a time when we are most likely to be victims of fraud and other scams. There are a few simple ways to protect your money during the holidays