Savings Archives - Page 2 of 3 - Oh My Heartsie Girl

March 13, 2019

Money Saving Tricks for Working Moms

Being a frugal shopper buying wisely and using coupons on food and nonfood items can save your hard earned money.

In today’s world money is of utmost importance. You won’t be able to survive without sufficient money at your disposal. Therefore, it is very important to make sure that you not only earn money but at the same time save as much as you can.

As the old proverb goes “A penny you save is a penny you earn”. Therefore, saving money is as important as earning it.

Are you a working mom? If you are then, you need to be even more cautious as far as saving money is concerned. You need to make sure that your earnings don’t go for a toss.

You must have tried different tricks and methods to save money! However, they didn’t work! Well, when it comes to saving money, you need to have a proper strategy in place.

In the following section, a couple of useful tips will be offered which the working moms might find handy when it comes to saving money

Save Money For a Cause

Saving Money is Easy

If you wish to save money, then the following tips can prove to be quite handy

Use Coupons: This is one of the best ways of saving money. Often people tend to ignore the benefits which coupons have to offer. However, they can be a great help when it comes to saving money. There are different types of coupons available which allow cash back, discount and various other facilities. Make sure that you made proper use of them. Whether it purchasing grocery or home appliances; coupons can always come very handy and helps you to save tons of money
Make a Budget: It is very important to make a budget right at the beginning of the month. You need to make a list of expenses that you are likely to incur. Make sure to avoid unnecessary expenses as much as possible, no matter how tempting they might be. Once you have prepared a budget, you need to make sure that you stuck to it.
Get Rid of Hidden Fees: There are lots of hidden fees which you end up paying every month. If you have a closer look at your credit card statement or your mobile phone bill, you will be astonished to find out that a considerable amount of money is being wasted for absolutely no reason.
Avail the Services of Online Shopping: These days, almost everything is available online. Whether you are looking for fashion products, home appliances, and even medicines; there are online stores where you can purchase everything that you need. One of the main benefits of using online stores is the fact that they offer an attractive For instance, if you are planning to buy a laptop, in that case, you will find a considerable difference in price between the online stores and the prevailing market rates. This is one of the reasons as to why online stores have become so popular these days they help you save a lot of money. Besides, you can use coupons to avail further discounts and various other benefits
One at a time: Do you intend to incur money on certain accounts? The best thing to do is to go for one at a time. You need to prioritize your requirements. Those which are absolutely essential, cannot be kept waiting, should be given the priority, rest should be kept in queue.
Little Things make a lot of Difference: When it comes to saving money, little things tend to make a lot of difference. For instance, if you wish to watch movies, instead of subscribing to some of the online entertainment channels, hire a DVD from your local parlor. If you have any kind of addiction, get rid of them. This will help you save tons of money

Coupons can be very useful

If you are looking to save money while shopping, which is one of the areas where you tend to spend a lot of money then using coupons would just be the perfect option for you. They allow you to get attractive discounts and at the same time, you can avail the cash back facility. Besides, there are different other types of benefits that coupons have to offer. If used properly, they can help you save a lot of money

Apart from these, there are various other ways which you can adopt when it comes to saving money. There is one more thing which you need to take into consideration. You need to figure out how much you wish to save. It, of course, depends on your earning and expenses that you cannot avoid; however, once you have a figure in mind, it will be easier for you to make a strategy.
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There are various ways in which you can save money. All you need to do is to control your desires and think practically

July 16, 2018

How To Manage And Regain Control Of Your Family Finances

If you are worried about the state of your family finances and are feeling increasingly upset and overwhelmed, then it is time for you to rethink how you spend and begin to take steps to make a change not only for your own future but that of your family also. We may all have the best intentions when it comes to managing our finances, but events that are unexpected can throw us off course, such as a redundancy, and unexpected bill or even a home repair project. So, if you are worried about your family finances, then keep these tips to mind to help you to regain control and begin to manage your money effectively.

Break it down

If you are spending more than you are earning, then it is up to you to begin to break your finances down and regain control of your outgoings. You could start to write a list, or use an app to track your monthly expenditure and begin to regain control of just how much you are spending. If you have an expensive month or are struggling to pay your bills this month, then you may need to dip into your savings – but just be sure to replace any money that you borrow and have a laid back and less expensive time during the next few weeks. Once you have begun to track and monitor what you are spending you will notice trends, such as your morning Starbucks that are adding up and ultimately costing you dearly in the long term.

Tackle your debts

If you have been putting off paying your debts for the past few months, or are unsure where to start so that you do not have to cover a huge amount of interest, then it could be time for you to seek financial advice and dig deep so that you can finally pay off any credit cards or money that you owe. Start by listing out your debts and make sure that you set up a monthly payment amount that is easy for you to track and manage so that you can slowly begin to regain control of any money that you owe. Once you begin to pay your debts, you will feel a lot less anxious, plus you can soon begin to start planning to save money for the longer term.

Consider investing

Once you have regained control of your family finances and are finally debt free, then you can begin to consider ways to invest and actually make money back. Consider tools such as betterment returns to help you to get the financial advice that you need. Put aside some money each month, so that you can soon buy your dream house or take your entire family on vacation.

If you are looking to regain control of your family finances, then remember that it is never too late to make a change for the better. Break down what you owe, tackle your debts and consider using investments so that you are soon back on track and ready to enjoy your hard-earned money.

July 13, 2018September 27, 2020

How To Budget For a Baby: A Guide For New Parents

Once you bring your baby home from the hospital, you’ll quickly find that a child is expensive. From clothes to diapers to food to childcare, it’s not cheap to raise a child these days. In fact, estimates show that the cost of raising a child tops out at over $233,000. With that in mind, it’s important when to budget before your baby is even born. Here’s how to do it.

Budgeting Basics Still Apply

You may have heard that Europe’s childcare costs are higher, but it’s pricey to raise a child anywhere. That’s why you need to break out your basic budgeting skills and get to work. It’s important to anticipate child-related expenditures and budget them into your monthly spending. A simple spreadsheet is the easiest way to stay on track. A simple log of income and buying will help you balance your child’s needs with your paycheck. budgeting when preparing for a baby seems non-existent but it can be done. By following these steps in articles prepared by
Financial Priorities: Retirement vs. College Savings

Most financial experts will tell you that it’s more important to save for your own retirement than your child’s college. That might not be a comfortable thing to consider, but most college students have access to loans and grants to get them through. The same cannot be said for retirement and you must be prepared for your later years by putting money away now, even if that means you can’t fund your child’s college education.

Practice Living on Less

One of the best ways to save on anything, including child-related expenses, is to live below your means. That means not moving to a bigger and newer house every time you get a raise and not buying your child the latest pair of pricey basketball shoes. Living on less enables you to save money for the future and teaches your child a valuable lesson about financial responsibility.

Anticipate Ongoing Changes to Expenses

While you can expect to spend some amount of money on your child each month, those expenses change. For example, your teen child is going to cost a lot more money in groceries than your toddler. However, you won’t need diapers once your child hits preschool and is potty trained. You’ll also need to take into account school fees for your kids as they get older. Anticipating these changes makes it easier to budget accordingly so that you aren’t coming up short at the end of the month.

When There Just Isn’t Enough

It’s no secret that raising kids is expensive, but there’s help out there if you find there isn’t enough. Public assistance programs can help you find affordable housing and provide you with enough food to feed your family. Other ways to make ends meet include finding a part-time job to supplement your income, cutting unnecessary costs, such as cable television or your morning Starbucks run. You might also consider shopping for clothes and other items at second-hand stores where you can save a lot of cash on stuff your kids need.

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May 28, 2018

How to Manage Your Credit Card Repayments with a Debt Consolidation Loan

When you purchased your new furniture to fit out your new home, your income could support the monthly payment. Then, there was that little trip to the Caribbean last summer that really did some damage to your credit card. Compound that with the fact that in the last couple of months, you had to make repairs to your home and that has maxed out not one card but four.

How-to-Manage-Your-Credit-Card-Repayments-with-a-Debt-Consolidation-Loan You have a monthly mortgage that is reasonable, but the interest rates on those cards are beginning to climb and things begin to get worrying. Every month, you pay a couple of hundred dollars in interest to keep your card’s current, and Ramen noodle breakfasts, lunches, and suppers are a serious reality in your future if you do not rein in this out-of-control debt. However, all is not lost, as you have a couple of options—namely the debt consolidation loan. In fact, debt consolidation loans by Latitude and other financing companies can help you save money and your credit score.

Keep reading below to learn how you can manage your debt with debt consolidation loans.

Take Inventory

Before applying for loan consolidation, sit down and review all of your debts to determine which ones to consolidate. A few of the considerations should include interest rates and the amount of the payment. If you have a card with a good interest rate, it might not be in your interest to include it as a part of your consolidation plan.

You also want to look at all of your monthly obligations to see how you can get the best benefit from a consolidation loan. After reviewing your monthly budget, figure out which loans should be consolidated. Then, as a part of any debt consolidation program, seek counsel on some of the programs that can help you achieve debt relief.

Play With The Figures

When finished reviewing your budget and deciding on which loans to consolidate, play with the figures to determine whether this type of loan is appropriate. Sometimes, consolidating is not in your interest, especially if your new interest rate does not lower the amount of money you would pay over the life of the loan. Furthermore, paying on existing credit in the short-term can help you re-establish your credit or help you hold onto credit cards that have good rates.

Review Your Credit Score

As a part of preparing to consolidate your debts, review your credit score to determine its rating and whether a consolidation loan is even necessary. This part of consolidating loans is important because the whole point of this process is to repair any damage to your report and to provide you with some financial relief. Plus, you cannot repair a report if you have no idea of what is being reported to the credit agencies.

Financial Paradigm Shift

As a part of the consolidation process, you have to be real with yourself about your spending habits. Yes, a consolidation loan is a quick fix for a short-term situation that could turn ugly, and yes, you do eventually come out from under what seems unending debt. However, lasting financial health comes with understanding our spending habits, why we spend, and the purpose of credit. By understanding our own spending habits and spending patterns, we can better make use of money and even learn to make it work to our advantage.

Re-Establishing Your Finances

The lure of credit cards is strong, especially in a society bombarded with materialism. Like many consumers, credit ends up being a necessary evil that can make our lives miserable if not properly managed. However, debt is not the devil incarnate when we begin to think about financial fitness from a different paradigm.

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