Saving money and cutting your expenses are great ways to help manage your money, but they’re only one half of the equation. Increase your income at the same time and you’ll meet your financial goals even faster. Of course you can pick up a side hustle to add money to your pocket, but getting a raise or a promotion at your main career means making more for the time you’re already spending on the job. And the majority of us want to be successful at what we do and maximize our opportunities to earn promotions and more pay.
I’ve had a long career in management, and I can testify that those who get promoted are not always the best at what they do. That’s not to say that you shouldn’t aspire to do the best you can by working hard and training in new skills, but there are also other, more simple, ways you can help to advance your career. Continue reading
Most of the time, when people want to save more and spend less, they try to reduce or eliminate their extra spending. And this is a really important part of living below your means, saving money, and reaching your financial goals. But sometimes, just delaying your spending is enough to make an important difference.
However, delaying your spending can also be a bad idea. In fact, sometimes it’s a really, really bad idea. If you have a medical issue, or if your car or home needs a repair, waiting can be a huge mistake. Your problem can escalate from a small, manageable issue into a large, expensive one. Plus those issues can multiply and affect your income (missing work due to an unreliable car or an illness) and now putting that spending off will cost you big time.
But if you’re thinking of spending on a purchase, whether it’s something big (like a home or a car), medium (like a laptop or smartphone) or even something small, there are several useful reasons to delay your spending. Continue reading
Well, who would have believed it? Some 70 posts and a year have just gone by in a flash. Just a year ago I was looking for something to do and keep busy in my newly retired life and little did I know then that this blog would grow into what it now has become! Originally a once-a-week project, it now is published twice weekly, usually on Tuesdays and Fridays. It continued to evolve into an interesting, personally rewarding, and hopefully beneficial endeavor.
The original concept here was to write about my experiences and recommendations in retail shopping and saving money, Continue reading
In this blog I have written about many ways to save at the supermarket. You should be consistently diligent and anything but lazy to make sure you’re getting the best deals every time you shop. The truth is no matter where you do your grocery shopping, the fundamentals never change and the things you need to do to save are the same everywhere you may go.
Some supermarkets have the reputation of having lower prices while some are proudly “upscale” and “quality” focused, but in the end they all use the same tactics to increase their sales and you should always pay attention to those details. Here are the best ways to defend your grocery budget against the supermarket strategies of the 21st century. Continue reading
It’s a popular time of year for home sales, with many people looking for a new place to live, and open house signs dotting the neighborhood each weekend. Once you’ve narrowed down the area you want to live, the next big question is whether you should rent or buy. Many people point to home ownership as the American dream where you can build equity rather than renting which is considered “throwing your money away”. But financially, it doesn’t always make sense to buy over renting, and there’s often more than just financial considerations to take into account.
So, rent versus buy? The answer is: it depends. Continue reading
I know that shopping isn’t the act of saving money, but if you are in the market for a best buy this spring, then you should know what to look for now. Saving money on the purchases you need for the upcoming season is a good start to making your hard-earned dollars pay off. This is the time of the year when the days are getting longer and you’ll be spending more and more time outdoors as the sun shines and the weather warms up, so check out this list and see what you can find that will make “springing into summer” a good time to buy both in stores and online.
While Memorial Day this year is Monday, May 25th, the sales begin as early as May 11. No doubt these sales are advertised widely in flyers, newspaper and TV ads and will be the biggest of the season on spring apparel, producing savings of 50-75% off original prices. Continue reading
A tremendous number of people these days are living paycheck to paycheck. What exactly does that mean? It means they use all of their paycheck for expenses and are unable (or unwilling) to save up for an emergency, a goal, or retirement. That’s a scary place to be because a temporary job loss or emergency expense would throw them into debt or more likely, further into debt than they already are.
According to a survey by Bankrate.com, only 38% of Americans have emergency savings for expenses like an emergency room visit or car repair. Continue reading
When it comes to finding the best deals, is your grocery store playing hide-and-seek with you? The answer is probably. Whether it’s a gentle nudge to psychologically guide you to the product they want you to buy, a dirty game of trickery, or even accidentally making it inconvenient to buy the best deal, it happens all the time. After all, a supermarket is there to make a profit, while you’re there to get the best price on the products you need and want.
Follow these methods to find the best grocery deals no matter where they’re hiding: Continue reading
As the years go by, it seems we have all been buying more and more into the cliché “bigger is better”. I have to admit, I wouldn’t refuse a bigger paycheck each week, or a bigger piece of mom’s apple pie after dinner, but there are lots of other instances where bigger can create other issues that may lead you to real trouble.
Being just a little practical and more conservative financially can give you mounds of money that can be used for real life priorities, like retirement, long-term healthcare, and life insurance as well as investing in your future. I’m not a scientist, but I’ve come up with a scientific formula that I wish I had developed years ago: Continue reading
With the spring weather finally coming to the northeast, I can see things are beginning to sprout and grow around here, from the green buds on the trees and bushes to the yellow blooms of the daffodils and forsythia. Many people are turning their attention to gardening and landscaping, and the retailers and nurseries are ready to take your money today, with one retailer even calling it “spring black Friday” (shouldn’t that be “spring green Friday”?). While I tend to have a brown thumb when it comes to growing plants, I have a green thumb when it comes to saving money. Lots of people enjoy gardening, but they can save money at the same time by growing their food and saving on groceries.
If you don’t have a large-sized property, you might be thinking gardening isn’t for you. But all it takes is a small bit of land, Continue reading