How To Spending Bill Wisely In 2021

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The Art of Spending bill Wisely

Budgeting is also known as “the art of spending bill wisely”. Have you ever noticed that the things you buy every week at the grocery and hardware stores go up a few cents between shopping trips? Not by much,

just by a little each week but they continue to creep up and up. All it takes for the price to jump up by a lot is a little hiccup in the world wide market.Note the price of gasoline as it relates to world affairs.

There is a way that we can keep these price increases from impacting our personal finances so much and that is by buying in quantity and finding the best possible prices for the things we use and will continue to use everyday….things that will keep just as well on the shelves in our homes as it does on the shelves at the grocery store or hard ware store.

For instance, dog food and cat food costs about 10% less when bought by the case than it does when bought at the single can price and if you wait for close out prices you save a lot more than that.Set aside some space in your home and make a list of things that you use regularly which will not spoil.

Any grain or grain products will need to be stored in airtight containers that rats can’t get into so keep that in mind.Then set out to find the best prices you can get on quantity purchases of such things as bathroom items and dry and canned food.

You will be surprised at how much you can save by buying a twenty pound bag of rice as opposed to a one pound bag.But don’t forget that it must be kept in a rat proof container. You can buy some clothing items such as men’s socks and underwear because those styles don’t change. How To Create A Locally Made Inverter With Ease

Avoid buying children’s and women’s clothing, too, as those styles change and sizes change too drastically. Try to acquire and keep a two year’s worth of supply of these items and you can save hundreds of dollars.

Rebates: Rewards or Rip-Offs? Rebates In Spending Bill

have become increasingly popular in the last few years on a lot of item sand certainly on electronic items and computers. Rebates of $20.00, $50.00 or$100.00 are not at all uncommon.I’ve even seen items advertised as “free after rebate”.

Do these rebates come under the heading of “too good to be true”? Some of them do and there are “catches” to watch out for but if you are careful, rebates can help you get some really good deals.

The way a rebate works is that you pay the listed price for an item then mail in a form and the bar code to the manufacturer and they send you a refund thus reducing the price of what you paid for the item except with a time delay of several weeks.

Rule #1: Rebates from reputable companies are usually just fine.

You can be pretty sure you will get the promised rebate from Best Buy, Amazon or Dell but you should probably not count on getting one from a company you’ve never heard of.If you really want the product and are OK with paying the price listed then buy it but don’t count on actually getting the refund.

Rule #2: Check rebate expiration dates

Many times products will stay on the shelf of a retailer after the date for sending in the rebate offer has expired so check that date carefully.

Rule #3: Be sure you have all the forms required to file for the rebate before you leave the store.

Rebates will almost always require a form to be filled out, a receipt for the purchase and a bar code.

Rule #4: Back up your rebate claim

Make copies of everything you send in to get your rebate including the bar code.Stuff gets lost in the mail all the time and if the rebate is for $50.00 it’s worth the trouble to back up your claim.

Answer these questions truthfully:

  1. Does your spouse or partner complain that you spend too much money?
  2. Are you surprised each month when your credit card bill arrives at how much more you charged than you thought you had?
  3. Do you have more shoes and clothes in your closet than you could ever possibly wear?
  4. Do you own every new gadget before it has time to collect dust on are tailer’s shelf?
  5. Do you buy things you didn’t know you wanted until you saw them on display in a store?

Make copies of everything you send in to get your rebate including the bar code.Stuff gets lost in the mail all the time and if the rebate is for $50.00 it’s worth the trouble to back up your claim.

Retail Therapy Quiz If you answered YES to any two of the above questions, you are an impulse spender and indulge yourself in retail therapy. This is not a good thing. It will prevent you from saving for the important things like a house, a new car, a vacation or retirement. You must set some financial goals and resist spending money on items that really don’t matter in the long run.

Impulse spending will not only put a strain on your finances but your relationships, as well. To overcome the problem, the first thing to do is learn to separate your needs from your wants. Advertisers blitz us hawking their product sat us 24/7.

The trick is to give yourself a cooling-off period before you buy anything that you have not planned for. When you go shopping, make a list and take only enough cash to pay for what you have planned to buy.

Leave your credit cards at home. If you see something you think you really need, give yourself two weeks to decide if it is really something you need or something you can easily do without.By following this simple solution, you will mend your financial fences… and your relationships!

Should You Be Making Your Budget Now?

You say you know where your money goes and you don’t need it all written down to keep up with it? I issue you this challenge. Keep track of every penny yous pend for one month… and I do mean every penny.

You will be shocked at what the itty-bitty expenses add up to.Take the total you spent on just one unnecessary item for the month, multiply it by 12 for months in a year and multiply the result by 5 to represent 5 years.

That is how much you could have saved AND drawn interest on in just five years.That, my friend, is the very reason all of us need a budget. If we can get control of the small expenses that really don’t matter to the overall scheme of our lives,we can enjoy financial success.The little things really do count.

Cutting what you spend on lunch from five dollars a day to three dollars a day on every work day in a five day work week saves $10.00 a week… $40.00 a month… $480.00

a year… $2400.00 in five years…plus interest.See what I mean?It really IS the little things and you still eat lunch everyday AND that was only one place to save money in your daily living without doing without one thing you really need.

There are a lot of places to cut expenses if you look for them.Tip: Set some specific long term and short term goals. There are no wrong answers here. If it’s important to you, then it’s important period.

If you want to be able to make a down payment on a house, start a college fund for your kids, buy a sports car, take a vacation to Aruba… anything… then that is your goal and your reason to get a handle on your financial situation now!

Taking Your First Steps to Personal Finance Success

Taking Your First Steps to Personal Finance Success Buying your first car and getting your first “gas” credit card are usually the events that propel you into the world of “monthly bills”.

Before that you rode your bike and had no clue what a “monthly statement” even looked like.Of course, you had no clue either what to do with those statements so you tossed them on the table and didn’t worry about them.

I’ll bet it didn’t take too long before you realized that you had better get a handle on things and get organized before you got into big trouble. Just some simple organization will keep you out of trouble like bouncing check sand exceeding credit limits.

It will, also, help you to immediately see when you are being charged for things you didn’t buy or letting fraud go by unnoticed

Ideas on Helping to Organize Your Personal Finance for Success Set up a filing system either hard copy or on your computer.

A hard copy file is easy to set up and stays at your fingertips for easy access. A basic filing cabinet costs about $30.00.

There are a lot of good software programs for keeping financial records and you don’t need an expensive one just for your personal needs. You do need to remember to back up this file.Open your mail when it comes in.

Put your unpaid bills in a designated spot so that when you are ready to pay them, they are all in one place. Set a specific day and time for paying your bills and let nothing deters you from your appointed rounds.

Once every two weeks should be sufficient.Balance your checkbook and do it often.After every check written is not too often. It will prevent you from bouncing checks which is costly and unnecessary.

Banks charge up to $35.00 for a bounced check and businesses charge up to another $35.00 so that $20.00 check you wrote when you only had $19.95 in your account can cost you $90.00 and a lot of stress.Cleaning Your Personal Finance House OK,

you have let your personal financial situation slide a little…or maybe a lot. It’s time to clean the house but where do you start? The very first step is to ask yourself some simple questions.

Do you open your bank statements and bills the minute they come in the mail or throw them aside and do a Scarlet O’Hara, “I’ll worry about that tomorrow”?Without looking at your bank balance, can you say within $10.00 what your

balance is right now? Do you know what stocks and/or bonds you are invested in? Can you say with certainty how much you spend on gasoline or entertainment in a month? You do…you don’t…no clue? Yes, Becoming A Successful Finance Guru In 2021

you need help and you need to get your financial house in order.

Tip: the Internet can help. There is a mountain of financial information out thereon the net and all you have to do is look for it. Use any search engine you like and type in Personal Financial Help”.

Follow those leads until you find programs that can help you get a handle on all things financial. There are a lot of very good

ones…some free…some not. Some sites will even help you make a budget you can live with. When you have less income than out-go, making more money isn’t always the answer.The answer is usually managing the income you have better, more efficiently and wiser. Here are three simple rules to follow:

  1. Save first. When you get your paycheck, before you spend one penny on any thing else set aside a few dollars in a savings account. I call that, “Pay yourself”.
  2. Budget your necessities. Necessities are food, clothing, shelter and transportation…not necessarily in that order. Shelter includes utilities.
  3. Subtract #1 and #2 from your total paycheck. The remainder is all you have left for entertainment. Stick to this plan and your financial house will soon be in order.

Personal Finance-Personal Debt In Spending Bill

We have become a nation of spenders. Most American households have more debt than they can pay on a good day and the loss of a job or a second income can be devastating.

In a recent survey 5% of households said their debt was “a heavy burden” and4% were behind on at least one debt commitment. 20% of people say that they neglect checking their bank balances because they “are too scared to find out how much money they have”… or maybe that’s “don’t have”.

We have used our credit cards to buy groceries, gasoline for our cars, clothing that was over priced, and entertainment we couldn’t afford. Something must bed one if we are to get control over our personal financial situation and there are ways to do just that.

If you find that you just have more debt and more monthly payments than you can meet for whatever reason, there is help in the form of Consumer Credit Counseling Service (CCCS) and websites such as “lower my bills” and “money net” It will take time but you can get out of debt.

Staying out of debt is another matter.You must make a budget. You must know exactly what your checking account balance is at all times. You must never make “spur-of-the-moment” purchases…PLAN all expenditures for clothing, household goods, entertainment, etc.

Take the time and put forth the effort to learn to do things for yourself that you hire others to do for you. This can save you hundreds of dollars a year… maybe thousands.

Invest in some good Personal Financial Management Software for your computer and learn to use it effectively. There are a lot of different programs out there. Learn to do comparison shopping and use those coupons that come in the Sunday paper. Spend your money with a plan and don’t plan to spend all of it.

Planning for Long Term Care Needs

You are taking a huge risk by not being financially prepared for long-term healthcare. Those have been there know.

Middle income families are the ones who can be hit the hardest if they don’t plan for the impact of long-term care for themselves and their dependents.

Higher income families can afford it and lower income families can qualify for government assistance. Middle income families bear the financial burden themselves.

In a recent survey, it was found that nearly three-fourths of middle incomes Americans were concerned about needing long-term care in the future but only one-fourth had actually purchased long-term care insurance.

Does that mean that even though we are concerned, we prefer to just stick our

heads in the sand and hope for the best? “Hoping and praying” isn’t a plan considering that one out of every five Americans over the age of 50 will require some level of care in the next year of their lives.

The average cost of a nursing home is $55,000.If you are 65 or over and on Medicare, don’t think that Medicare will cover long-term care…it doesn’t.

Part B provides for a few days of therapy and rehabilitation…after that it comes out of your pocket. The reason given in the survey for not having long-term care insurance was that

it was too expensive. But is it too expensive?

It wouldn’t take long for retirement nest eggs to melt away when paying over$50,000.00 a year for a nursing home or more that $20,000.00 for assisted living facilities.

You should ask yourself if you would rather pay several thousand dollars a month for long-term care or a fraction of that to protect your assets with long-term care insurance.

Many times younger people think it is too soon for them to worry about long-termcare insurance and older people think it’s too late…neither is accurate.

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