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There’s no hiding it: babies are expensive. If you haven't started a family yet, you’re probably wondering how you will be able to afford it.
A long list of prerequisites shouldn’t be your main focus. It’s not about solving every single household issue before having a baby. It just takes a loving couple who is willing to work out their finances, together
. Here's a list of things you should take care of before
having a baby:
There are a lot of important events that take place over the course of our lifetime. Marriage, buying a home, and having your first child are all events that are very exciting but also very stressful.
The excitement combined with the stress can lead us to rationalize very poor financial decisions by saying things like, "Well you only get married once," or, "Just getting one more thing for the new baby won't hurt." It's important to keep your emotions under control during these milestones so you don't end up in financial hardship.
You have been waiting for this day for a very long time: it’s time to buy a car. But where do you start? This is unfamiliar territory; you have never bought something so big before. Certainly, the big question is on your mind: “How am I going to pay for this?”
Trying to buy a car as a teenager can be difficult, but it’s not impossible. Be prepared though, because the lack of credit history will be your largest barrier. A credit history is important because that’s how lenders know you pay your bills.
It’s not surprising that the convenience factor of online shopping has made it very popular among consumers. Although convenience plays a huge role in its popularity, there is something else to mention: your ability to compare prices of products. These things work in the favor of the value-conscious consumer. Let's dig a little deeper:
The Comfort from Reviews.
Even if you don't want to buy a product online, reading reviews can help. It’s really difficult to get information on something when you’re at the store. The odds of finding someone who has purchased the same thing are small. Fortunately, this is where online comparison shopping comes to the rescue. You can simply type in the name of the item into a search engine and see numerous reviews from people who actually have experience with the item.
If you have been thinking about improving your finances, you have come to the right place. Did you know FORUM Credit Union has a program created just for responsible saving and spending habits? If you're working to achieve financial wellness, why not have a chance to earn a reward?
That's right. You could be entered to win up to $2,000 for accomplishing YOUR financial goals. The SaveItUp program allows you to earn points by completing steps found in the SaveItUp Playbook. After you're finished completing your steps, turn in your slip from the scorecard at a local branch or email it to firstname.lastname@example.org.
“Budget” is an intimidating and depressing word for many because it requires facing the reality of your not-so-perfect spending habits. For this blog, let’s refer to a “budget” as a spending plan… maybe that will ease the pain a little.
Coming up with a spending plan doesn’t have to be painful. Incorporate these tips into your spending plan, and you'll see why:
We live in a world where the pressure to spend money is stronger than ever. Everywhere we go, we are surrounded by advertisements. Advertisers have strengthened their ability to make people want something, usually by making us feel like we need it. Sometimes the feelings we get after seeing an ad make it really hard for us to resist impulse buying and prevent us from saving.
Why save if you have enough money to buy everything you want? Well, different people save for different reasons. For your stage of life, you’re likely thinking about a car, a trip with friends, money for college, or an item you really want but can’t afford at the moment.
Not knowing where your money is going can spark a lot of arguments. Time spent with your significant other should not be filled with resentment over finances. Besides, who wants to argue on Valentine’s Day, anyway? Here are three things to keep in mind so you can enjoy time with your significant other: