D' Finance Bench

The Right Place To Sit At For Financial Advises

Cut Back on Spending

At first it may seem difficult to limit spending and stick to a budget, however there are a few practical changes that you can make everyday that will cut your spending more than you expect. Continue reading

September 25, 2012 Posted by | Budgeting | , , , , , , | 7 Comments

How to Save Money and Avoid Temptations

Saving money and financial management is very crucial in one’s life. Money is very important in order to survive in this world but only a few people know how to manage their household budget properly. Many people have a hard time saving money even if it is for their own good.

Most of the time, you may be motivated to save money but there are times when temptations come your way and before you know it, you have already spent the amount that was supposed to be added to your savings account. Here are some helpful tips on how you can avoid temptations and be able to save money: Continue reading

September 23, 2012 Posted by | Budgeting, Money Management, Savings | , , , , , , , , | 5 Comments

Create and Maintain a Budget

Dollar BillThe first step to avoiding the troubles of financial debt is to create and maintain a budget. It’s not as intimidating as it sounds, don’t worry.

First off, create a list of all your monthly income and also a list of your monthly expenses. When determining income, list all sources including alimony, child support, side jobs, etc. In calculating expenses, be sure to include housing, food, transportation, utilities, entertainment, etc. To gain an accurate reflection of actual expenses, sit down each night and write down expenses, just make sure to save receipts. Determine if your income covers all of your expenses. If the answer is no, then some expenses need to be reduced. Continue reading

September 23, 2012 Posted by | Budgeting, Money Management, Savings | , , , , , , , , , , | 8 Comments

Tips on How to Teach Your Kids to Save Money

A lot of teens nowadays do not understand the value of earning and spending money. They were not oriented that investing is necessary even if they are still students. As parents, you play a crucial role in this area.

You should be able to teach your kids on how to save money. They should be able to understand the concept of money and investment as early as childhood. This will prepare them to learn money management, as they grow old.

 

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September 23, 2012 Posted by | Money Management, Savings | , , , , , , | Leave a comment

Five Ways to Control Your Gift Giving Expenditures

Gift giving is not just for the holidays. There are special occasions all year long. Some, like birthdays, are expected. Others, such as baby showers, are not.

Here are five tips to help you control your holiday gift budget.

  1. Make sure you set a reasonable budget for gifts. It’s always better to aim high and not spend so much than to figure on a lower amount and end up going over budget.
  2.  Don’t forget the unexpected people that always drop by during the holidays. Make sure that you have small gifts on hand that you can use in order to give to someone that you had not planned on buying for.
  3.  Make sure that you budget for gifts all year long. There are always birthdays, baby showers, and weddings that you need to buy gifts for. Make sure that you have some kind of allowance in your monthly budget so that these special occasions do not take you by surprise.
  4. If you want to get a nicer gift than your budget allows, consider going in with a friend or family member in order to purchase a gift for someone. If you share the cost between two or three people, then you can all afford something much nicer than what each of you could afford on your own.
  5.  Make sure that you put something in your budget for gifts that you need to purchase for coworkers. Some offices will take up a certain amount of money each month in order to put it in a fun to purchase gifts, cakes, etc. Some don’t. Holiday gift giving can become expensive if you purchase for everyone at the office, so you might want to be the one that suggests drawing names or simply not having gift giving throughout the entire department.

By following these tips you can control your gift giving budget all year long and not be caught with an unexpected financial burden. By planning ahead, you can ensure that you are prepared and relaxed for any special occasion.

 

September 23, 2012 Posted by | Spending | , , , , , | 1 Comment

Get Control of Your Finances – Steps You Can Take Today

Your finances determine many important things in your life such as where you live, how you live, and what you’re able to do. So, it is very important that you get control of your finances. Here are some steps you can take today to start taking back control of your money and get on the path to creating wealth.

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September 23, 2012 Posted by | Budgeting, Credit Score, Wealth | , , , , , , | Leave a comment

Fun and Frugal Family Outings

 The time we spend with our families is priceless. But most popular family activities are quite expensive. Even a simple night at the movies can put a serious dent in the budget by the time you buy tickets, popcorn and drinks for everyone.

Fortunately, there are cheaper alternatives to expensive family outings. They provide the opportunity to have just as much fun at a fraction of the cost. Some are even free.

 

 

 

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September 23, 2012 Posted by | Spending | , , , , , , | Leave a comment

How To Effectively Manage Your Money

Money problems? You are not alone. Almost all of us have that one TYPICAL problem. It is a frustrating thing that we need to deal with. But don’t you get sick of having the same problem over and over again?

The right money management strategies can surely help you get away from that problem. It will take little sacrifices though, but things will run smoothly as time goes by if you will apply these methods. Continue reading

August 30, 2012 Posted by | Money Management | , , , , , , , , | 1 Comment