Holiday, Savings, Budget, Credit
It's not unusual to increase spending during the holidays as shoppers try to get the perfect gifts for family, friends, and colleagues. Being strategic in holiday spending now will help you prepare for and manage after-holiday bills in the new year. Following—continued from Part 1 of this post—are more practical tips to ensure you stay on budget this year, rather than overspending during the holidays. The sections below focus on managing money, keeping track of expenses and creative gift giving.
Budget, Credit, Holiday, Savings
It's not unusual to increase spending during the holidays as shoppers try to get the perfect gifts for family, friends and colleagues. Although it can be easy to overspend on holiday shopping, with a little bit of planning, budgeting and discipline, it is possible to celebrate without using too much of your cash or maxing out your credit card limits in November and December. By planning and budgeting carefully during the last months of the year, you can prepare for and manage after-holiday bills in January.
Budget, Retirement, Savings, Security
Being aware of an elder’s lifestyle is the first step in determining if they may be a victim of abuse. There may be many small and large symptoms of potential elder financial abuse, and it’s important to stay current on a family members’ (or friends’) behavior, their living environment, and, if you can, how their financial accounts are set up and their cash flow and bill paying activities.
Budget, Investment, Retirement, Savings
There is a broad range of potential lifestyle and financial decisions to make and actions to take by age 50+, and below are some suggestions for anyone in that age group. This blog is part of a series covering this important topic, so there will be additional parts to it coming up in the future.
Budget, Insurance, Investment, Retirement
One way of thinking about life insurance is that it’s essential at any time of life, and it’s there to help people you care about in what may be an unfortunate time of need. The cost of life insurance varies, and it can be customized to meet financial, age and lifestyle needs. With research and appropriate lifestyle and purchasing choices, life insurance can be both affordable and available.
Budget, Credit, Savings
The best way to handle a financial crisis is to quickly review and adjust your budget, prioritize your financial obligations, and thoroughly communicate with your creditors. You may not be able to pay all of your bills in full right away, but by taking a proactive approach to your finances, you can minimize the consequences until they can be improved.
Budget, Credit, Savings
Simply continuing to polish your credit can make life easier, giving you a better chance of qualifying for the best interest and payment terms on loans or credit cards. If you’re struggling with a low credit score, you’re better positioned to quickly make gains than someone with a strong credit history. The lower a person’s score, the more likely they are to achieve a larger increase if they actively manage it carefully. There is much more upside to having a higher score, and even small changes in behavior can result in greater score increases. If you’re starting from a higher score, you likely don’t need to get a jump of a full 100 points to make a big difference in the credit products you can get.
Budget, Credit, Education, Savings
Looking for ways of controlling a yearly family sports outlay is a prudent approach to managing expenses. Parents always want their kids to have good quality, appropriate—safe and durable—gear, but there are options for buying sporting goods for school children that can save some significant money while getting equipment that is still in good shape.
Budget, Investment, Real Estate
A lot of home improvements can be done gradually, in stages, so costs, time, and effort can be spread out to be more manageable. With not too much money—say, approximately $150 or even a little less—it’s possible to undertake a few relatively easy and quick home improvements that can make a home more efficient and attractive and possibly, save the homeowner a bit of money.
Budget, Retirement, Savings, Taxes
Becoming a parent is the most life-changing event that many people will experience. You are suddenly not only responsible for yourself but also for another person who depends on you for everything in their life. Whether you are expecting a child or are currently adjusting to your new life as a parent, this post could be a useful starting point for adapting to your new financial reality.