Tag Archive | "shopping"

3 Tips That Can Help You Avoid Derailing Your Budget

Here are 3 easy tips that you can use to make sure that your family budget isn’t derailed. Don’t worry, these are NOT very hard to implement and you can start today. The reason you really want to think about this is because creating a budget is only half the battle. Most people are capable of putting together a basic family budget. The hard part is when you run into day-to-day situations that can put your commitment to sticking to the budget to the test.

1) Make sure you have some money put away for emergency situations.

This might take a little while to get set into place, but it’s really important that you set aside some money for emergency situations. Look, it’s a fact of life. Sometimes things will arise that are unexpected. For example, you might suddenly start experiencing car problems. You take it into the repair shop, and are quoted a couple hundred dollars to get it fixed. This ordinarily would break a family budget — but not if you have some money set aside to deal with situations like this.

2) Never go shopping without having a clear idea of what you’re going to buy.

The last thing you want to do is go shopping with only a vague idea of what it is that you need to get. That’s the last thing you want to do. Why? It’s far too easy to buy things that aren’t really even necessary or that you had no intention of purchasing. How often have we gone to a store and suddenly spotted something that caught our interest. Before long, we’ve added it to our shopping cart. This adds up and can bust a family budget easily.

3) Don’t treat your credit cards as being a source of “free cash.”

This is a biggie. The last thing you want to do treat your credit cards as a source of “free” cash. This is a recipe for disaster. You need to make sure that any purchases that you make on your credit card are within your budget. However, a lot of families often find it far too tempting to charge things without really thinking about whether or not it’s a necessary expenditure.

If you heed this advice, you’re more likely to stick to your family budget and to avoid doing the things that can derail it.

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2 Tips That Can Save You Money At The Grocery Store

Let’s talk about two things you can do when you go to the grocery store that can ultimately save you and your family a lot of money and help preserve the budget that you’ve created:

1) Don’t go to the grocery store without having a shopping list.

How often have we all run out of the house with the intention of just getting a few things at the grocery store only to return with bag after bag of things that we hadn’t even anticipated needing to buy? This is something that happens far too often. The solution is to make sure that you have a prepared list of things you need to get before you ever step foot inside the grocery store. This will help keep you focused on exactly what it is you need to get. What if you see something that you genuinely forgot to add to the grocery list? That’s okay. The idea here isn’t to be unreasonable, but rather, to help keep you from recklessly spending money on stuff that you don’t really need or want. They’re impulse purchases — not a good thing at all.

2) Be proactive about coupons and discounts — it’s YOUR money.

Some people think it’s tacky, or somehow “low class” to clip coupons and to pursue discounts. Nothing could be further from the truth. It’s your money, you need to do what you can to help cut your grocery bill. If you know that certain sales happen on a monthly basis, why not buy in bulk (if practical to do so) and shop for those particular items on a monthly basis? This requires having a very organized understanding of everything, but it can really pay off nicely. Many grocery stores provide special discounts to people who have little “cards” that get scanned when you’re at the checkout. Don’t be shy to fill out the necessary paperwork to make sure that you can have access to these little loyalty cards. They often entitle you to additional discounts!

As you can see, it’s not that hard for you and your family to save a lot of money and help preserve the budget that you’ve created.

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