Category Archives: budgeting

Back to School Budgeting Tips

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The month of June is quickly approaching and its also a time for parents to prepare a budget for their children who are going to school. Since its back-to-school time, the smell of new school supplies and flowing cash of down payment for tuition is already here.  While families spend on what they need, parents must also work with their children to determine what they really don’t need.

Some of the budgeting tips that you need to do is to start early, and take time to get ready. It doesn’t take much to turn the school’s supply list into a full-on shopping list. But you can do better than that. Before you buy even one notebook, estimate how much you can afford to spend overall and what the costs are likely to be. Don’t leave anything out! It’s better to know ahead of time if things will be tight.

Think ahead to find the best deals. Be on the lookout for the big back-to-school sales and go early. Even the big stores can sell out at the last minute.Shop the sales. It seems that sales for back-to-school gets earlier and earlier. Watch for coupons online and in-store promotions to look for deals as well.

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Money Money Money!

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Money, money, money! Must be funny,in the rich man’s world… okay enough with the singing let’s go back to work so we could earn some money LOL! Well I was just wondering if you have lots of money, how will you able to manage it wisely? Would you spend it all on the things that you want to buy like clothes, shoes, Fedora Hat and other accessories or buy those techie gadgets that you’ve been wishing for?

Well, careful money management can make a big difference in your life. Whether it is a case of helping you achieve wealth, buy what you want or simply avoiding getting into too much debt, you need to learn how to manage money wisely. It’s actually not that difficult enough. You just have to access  your financial status and work out your income and expenditure carefully so you know exactly how much money you have at any given time, and what you can be spending and what you can be saving.

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Are You an Impulsive Buyer?

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I actually make a list of the things that I want to buy at the grocery store but I always have this buying style where I usually go through each isle and pick some items that I like. I also buy things that I didn’t know I wanted until I saw them on display in a store that’s why I ended up having lots of shoes, bags, and clothes stuck in my closet. I know it may be oversimplifying things but I think I am an impulsive buyer.

This is not a good thing I know because it will prevent me from saving for important things . Although I don’t buy those expensive things but I 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 our finances but on our relationships as well. So to overcome the problem, the first thing to do is learn to separate our needs from our wants. By following through this simple solution, we will surely mend our financial fences.

How about you my friends? Are you also an impulsive buyer? How do you able to manage it?


 

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Managing and Handling our Finances

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I was offline in the blogosphere for several days because I was so busy in managing and handling our finances in preparation for our Church Anniversary. I am the treasurer of our church and I am also in charge on every single expenses that we need to buy for the said activity. Aside from handling Church funds, as the mom of the family, I’m always in charge on every payable, expenses,budgeting etc. and other money matters.

I admit that I may be financially capable but I still need to be aware of our expenses so that I can properly manage our money. Handling finances actually requires Self Development and in order to manage our finances appropriately, it really needs Self Development towards my attitude in handling finances and this includes budgeting money wisely by preparing a budget planner, biweekly or monthly where I should write down the actual income and the expenses and calculate the difference. I just have to buy the things that we need most and make sure to list all the things that I need before going to a grocery store to avoid excess spending.

Self discipline is also important to make it sure that our hard earned money will be spent to rational expenditure. I actually make a list of our needs and wants and I always remember that the needs always come first when it comes to financial plan.

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