Posts Tagged ‘Saving Money’

Coupons – Great Way to Save on Groceries

Posted May 29, 2011 by Bernz

Saving money has become a way of life for many people who are trying to adjust to living on a budget. If you would like to know more about saving money on groceries, then you should really consider using coupons whenever possible. Using coupons for everyday expenses may take some getting used to, but the money you will save will be worth it in the long run. If you have never used coupons before, there are many resources available on the internet that can help you with whatever questions you might have.

For some people, the concern with coupons may be the time it takes to find them and cut them out. In reality, it really does not take a long time to pull the coupon inserts out of the Sunday paper and cut them out. One thing that will save you time though is to only cut out coupons for things that you use. Don’t waste your time on the dog food coupons if you do not have a dog! There are also many other places that you can find coupons besides the Sunday paper.

If you spend a lot of time online, you may already know that there are sites that are dedicated to coupon lovers and offer you the chance to print off whatever coupons they have available for free. When searching these sites, it is important to remember one thing and that is that when you print lots and lots of coupons, you may spend a lot of money on ink to print them. An idea to keep the cost of printing coupons down is to only print the ones that think you will use.
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Posted in Financial Goals, Saving Money | No Comments »

Training your Kids to be Financially Savvy

Posted May 12, 2011 by Bernz

Teaching children about money may not be something that you think you can do if you are not a financial genius. But don’t worry because given the fact that you are an adult means that you already know more than they do about many different things including money. Children love to learn, especially very young children. If you have children you have probably already noticed that they want to absorb as much knowledge as they can about every topic possible.

This is good news for both parents and teachers because it makes teaching them easier. What you do have to remember when you teach them important life skills like how to manage money is to make it fun. If learning is not fun, it will be more difficult for the children to pay attention and they will soon forget what you just said to them about saving up their pennies instead of spending them.

A great way to make sure that you have their attention is to use something to represent money that they will pay attention to, like their favorite candy or something similar. Another idea for parents to use to teach their children about money is to buy them a piggy bank. There are these great piggy banks that are specifically designed for children to teach them about financial responsibility. The banks are shaped like pigs, but have four separate slots so that the child can divide their money up equally.

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Posted in Financial Education, Financial Goals, Saving Money, Wealth Building | No Comments »

How to Save Money with Credit Card Debt

Posted March 20, 2011 by Hasic M

Credit card debt is a burden that billions of people worldwide have to bare. Most people cannot seem to pinpoint exactly how they ended up in credit card debt, but most realize that it has something to do with how they spend their money.

Many individuals are careless and fail to pay attention to their spending. When you own a credit card, the urge to spend is prominent because the money is sitting right there. Unfortunately, credit cards draw interest, making it almost impossible to get out of debt.

Get on a Budget – Budget spending is a highly-effective way to reward yourself at the end of the week and still have money to put away for bills. Calculate how much you own in credit card debt first and then decide if you’re able to purchase extra items at the end of the week. If not, it’s best to move onto the next step.

Open a Savings Account – Your savings account can serve as a reminder and motivation to help you put away all of your leftover money. One might ask, “what leftover money”? The truth is that if you’re a big spender, there is always going to be something that you think you need. It’s best to simply forget about purchasing anymore luxury items until you’ve paid off your debt. Put all of your “chunk change” and excess money not spent on regular living costs into a savings and work toward paying off your credit card debt.

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Posted in Credit Card Management, Debt, Saving Money | No Comments »

Saving for Retirement

Posted March 15, 2011 by Bernz

There are a lot of numbers that come into play when one starts to think about retirement, and a very important number is how much does one need to save.  As a general rule it is good to assume that you will need roughly 70% of your yearly salary from when you are working in order to live comfortably in retirement.  This is a very conservative estimate though, and depending on what your goals are during retirement – travel, charity work, additional education – you may need to save more than 70%, in some cases substantially more.  It is good to take the time to write down some of the things you would like to accomplish during retirement, so that you can have them in mind when you decide on how much to save.

Taking a good look at your current expenses can be an excellent indicator of what kind of finances you will need during retirement.  Also keep in mind that while certain expenses that you have now will disappear when you retire, they are likely to be offset by new expenses, usually rising health care costs as you grow older.

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Posted in Financial Goals, Retirement Planning, Saving Money | No Comments »

Do Today’s Kids Know Enough About Money?

Posted June 10, 2010 by Bernz

It almost seems like a rite of passage – teenagers getting into college, finding more freedoms, and getting a credit card.  credit card companies have always been eager to supply college students with credit cards.  They often turn into customers for life.

While at first it seems like a great way to teach college students about credit, the new shiny credit cards don’t come with instructions or lessons.  For those kids who have never managed money in the past, it can be a nightmare – one that is hard to overcome as credit card bills keep pouring in.

The topic of handling money is not often taught in schools, leaving kids to get their information from friends, and what they think their parents are doing.  Parents themselves often don’t talk about money with their children.  Money is a taboo subject in many households; considered too crass of a topic to bring up.

But where does that leave our children?  Credit card debt among college students has doubled in the past 10 years and often students enter the working world with as much credit card debt as student loans. (more…)

Posted in Saving for College, Saving Money | No Comments »


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