Tag

budgeting tips

Powerful Positive Money Affirmations

How Powerful Money Affirmations Will Chage Your L

Powerful positive money affirmations are necessary to remove lifelong negative affirmations that dominate your thinking. Because negative financial affirmations start as a child, they become deeply embeded. If you have positive, thoughtful money affirmations placed by your parents and others, you will be positive about money.

Unfortunately, many of you have negative financial affirmations, placed by your family. The good news is negative affirmations can be replaced by positive money affirmations if you are willing to work at it.

What type of work does it take to replace the negative with the positive? It takes a lot of work to change old financial tapes in your head. But you can do it if you make it a concentrated task over time.

Home buying the right way take skill

Examples of Negative Money Affirmations Growing Up:

1. You will always be poor

2. We will never get out of debt

3. You’ll never work hard enough to get ahead

4. You will always be a factory worker

5. We will never get ahead in life we were born that way

6. The money is not there, and it will never be

7. Success is not for people like us

8. It does not do any good to get an education

9. If you save and budget, the money will get away from you anyway 10. The more you try, the worse off you will be

skills to manage money are essential, learn budgeting

Your First Positive Affirmation Task

The first task it to become familiar with positive money affirmations. Some of you have been programmed with negative thoughts for so long that you must search for the positive ones deep in your head. Here I have compiled a list of positive money affirmations I created, so you can move forward.

If you consistently repeat these positive money affirmations, you can rid yourself of the constant negative affirmations and thoughts about money, personal finance, and financial behaviors.

You may feel that this is basic information that most of you know. I have bad news for you, it is not. Because many of my clients I have spoken to do not understand where their bad financial behaviors come from I recommended you do a backwards analysis.

Money quotes by Lois Center- Shabazz and

Financial Habits Backwards Analysis

This is where a backwards analysis comes in. You look back at everything people close to you have said about money, so you can change those tapes.

We do the analysis to pinpoint the exact times and places the negative thoughts were programmed in your head. Let us move forward and change your financial behaviors for the better by understanding that your money affirmations can be changed by you, and only you.

Examples of Positive Money Affirmations From Parents, Teachers, Grandparents, or others:

1. You are smart enough to be a businessperson

2. The hard work you do will be rewarded

3. If you continue to build on your abilities, you will never be poor

4. When you work hard, as you do, the rewards will follow

5. Honesty pays off, stay honest and work hard

6. A formula of a smart girl, common sense and hard work is what you have, and it will take you far and wide. 

7. You will be extraordinarily successful one day and will have all the money you need.

8. You have the brain to create powerful finances, just keep doing your research

9. If you understand how to save and budget money, you will have great finances

10. Be consistent, the harder you work at it the better your chances

Here is Your Positive Money Affirmation Challenge Exercise

Choose one of the affirmations a day for two weeks, write about it and repeat it three times a day. You will slowly change the way you think. Do each of the following positive affirmations until you are done with the list. This positive affirmation challenge will take the better of 9 months to totally change financial behaviors, but sooner with many of your financial behaviors.

Of course, if you double up on your affirmation duties you can do it in half the time. The key to success with affirmations are 1. Be consistent 2. Complete the task 3. Continue to study the most powerful ones for the rest of your life 4. Document how you will use them to change your financial life forever.

Free printables for small business and personal use at MsFinancialSavvy; Daily Action Form, Budgeting Form, and Savings Form

22 Powerful Positive Money Affirmations by MsFinancialSavvy

Money Affirmations to Get Started, “I Will”…

Not create emergencies with irresponsible behavior

Create at least 3 savings accounts
and account for all the money I spend

Use my income for my needs first,
I realize I work to pay my bills

Only rent an apartment I can easily afford

Not let a salesperson determine my needs,
Purchase what is best for me, not him or her

Budget my budget

Marry a financially responsible person

Money Affirmations Half Way There, “I Will…”

Always understand quality items lasts long, and low quality must be replaced fast

Not go into business until I understand basic business accounting principles, customer acquisition, and business rents and leases

Spend money according to me income, not my credit card

Be prepared for most financial emergencies.

Not spoil my kids, unless I want to create a monster

Always understand that predatory loans can ruin my life for a long time, sometimes forever

Budget my time, energy, and money

Keep a budget for all phases of my life

Positive Money Affirmations That Change Your Life, “I Will”…

Create a savings account for emergencies only

Save first, invest second, keep debt low and start to build wealth

Dream it, then do it, after a lot of research preparation and thought

Understand that I alone am responsible for my finances,
Another person in the picture ads flavor to the mix

Learn basic investing skills, to protect my money and my retirement

Not believe anything I hear, and only half of what I see, I will do my research

Be the captain of my ship and the driver of my bus, I will take care of my finances

The More You Know, The More You Grow – Your Finances

MsFinancialSavvy, Lois Center-Shabazz
Lois Center-Shabazz| Money Strategist | Course Delta Agency

Get your FREE financial consultation from Lois here; let’s chat
Pick up your FREE course, delivered to you by email, now!
Like and follow “Fantastic Finances” on facebook
Follow me on Instagram
Find out how you can understand Home buying and Car buying like a pro
Ready to dig deep and get the financial life of your dreams,read more…
Join me on Pinterest

11 Powerful Ways to Save Money on Utilities, and Use it for Your Budget

11 Powerful Ways to Save on Utilities and Find Money for Your Budget

You can save on utility bills and then use the money for your budget. I have a lot of experience with utility bills. The many homes I have owned give me experience in utility choices, use, and maintenance. After living in areas with high utility bills and areas with lower utility bills, I can safely say I have utility experience.

The areas with low utility bills have a way of sneaking high cost in if you do not pay attention. Understanding utility use and care is a large part of maintaining a home.

11 Great Ways to Save Money on Utility Bills And Find Money for Your Budget:

Women and homeownership, learn to save money on utilities

1. Lightsuse energy efficient light bulbs and automatic on/off switches to conserve energy

When you use overuse lights it makes a big difference in your bill. In some places electric bills are awfully expensive where there is a utility monopoly. Too many families or even singles do not keep what I call, “light awareness”. If you leave a room, turn out the lights, it is that simple.

If you want to use lights for security purposes, use automatic on/off switches. You can pick up one from your local hardware store, there are many examples. These are useful when you go out of town and do not want others to know that no one is home. Just make sure you keep the light use to a minimum.

Energy efficient light bulbs shave considerable money off your bill. Some energy efficient bulbs you will use, will seem to last forever. If you use the combination of low light use and energy efficient lights, you can see low utility bills here by far. 

Children are another reason lights are kept on too long. It is OK to explain to your kids, no matter what their age without putting pressure on their little minds. Some kids even feel important when they are asked to help and why.

Fantastic Finances Course by Lois, Learn to save money on all utilities

2. GasKeep gas for cooking and fireplaces to minimum to knock a dent in your bill.

Many of you love cooking with gas, so there is a lot of gas being used. There are also gas fireplaces. There are two types of gas. Natural gas usually used in the cities and LP Gas (liquid propane) usually used in rural areas.

Because I have experience with both, I can say that electricity is far cheaper than LP gas in rural areas and natural gas is less expensive than electricity in urban areas.

Because LP gas is so expensive, I never run my pilot in my country home fireplace. Of course, natural gas is cleaner to burn for the environment. To save money, it is best to build a wood burning fireplace, especially where wood is plentiful. Keep all gas appliances during off during non-use to save money on burning. Keeping gas use low, will enable a low utility bills in this area.

Find money for your budget, when you save money on utilities

3. Water – Is one of the least expensive utilities, but you can save money by controlling use
If there is a leak, you water bill will explode. One way you can find if there is a leak is if your water bill is exceptionally high over past few months. Use only what you need and turn your water off when not in use. Get leaks fixed immediately.

4. Low flow water fixtures are recommended – these save on water and heat

Low flow water fixtures keep the flow to a minimum, so you do not use as much water as if you have a high flow valve. So, they save on water and if it is hot, save on hot water.

The problem is that many people do not understand how important this is and instead they remove the part that restricts the water flow in show heads and faucets. It works best with toilets.

Understanding the difference, it can make in your water and heat bill, will help to understand its importance.

Free printables for small business and personal use at MsFinancialSavvy; Daily Action Form, Budgeting Form, and Savings Form

5. Septic/sewerAvoid busted pipes and improper maintenance

In rural areas or urban areas that have not been fully transformed you will have a septic system instead of city sewer system. It must be maintained with a septic enhancer or you could have an expensive backup. You also must have it cleaned out every few years or you could get into expensive trouble.

6. Landline phone vs cell service You can now get one monthly fee for local and long distance.

With landline phones you get enhanced 911 calling, which is important for the extremely sick or elderly. This means if you live in a major area the call is traced to your location immediately. The ambulance will know where to go even if you hang up.

With cell service this is usually not the case, they can only tell the general location.

Small Savings Become Big Money Over Time, -Lois

Landlines are usually is less expensive than cell service. The issue is you will not have cell service when you are away from home if you do not own one. There are very inexpensive cell service contracts, you must talk to your chosen carrier and get an inexpensive fit for you. Cell phone contracts are competitive and constantly changing, so stay informed.

Home buying the right way takes skill, afford a home when you save money on utilities

7. Heat/air — This is where the cost can be quite high.

The thermostat is king; keeping the thermostat down with heat, and up with air, can save a few thousand dollars a year. Investing in a programmable thermostat will save when you are away. The largest costs come when you must replace your system. Know what the costs are before you ask a professional to replace your system.

Also, updating to an efficient system will save money over time and pay for itself. We upgraded to a complete heat, air, and programmable thermostat modern system and it paid for itself in 3 years. Out bill was almost cut in half. Here is where you can find money for your budget in a huge way. 

THE ULTIMATE HOME BUYING COURSE FOR WOMEN->

8. Fireplace – A wood burning fireplace is a great alternative for heat.

You can keep the thermostat down exceptionally low and make up the heat with the fireplace. It will basically take the chill out of the air. But, you will be comfortable.

9 Open windows In places where you get a cool breeze from windows.

Use natural breeze instead of air conditioning. Air conditioners are an extremely expensive way to cool when you have free cool air. Keeping air conditioning use to a minimum will allow you to find a maximum 

10. Energy efficient window coverings help to control the atmosphere.

There are many types of window coverings that control the heat or cold at the surface of the window. Energy efficient window coverings run the gamut from shades to curtains. Check with your local window covering retailer and they will review the best options for your windows.

11. Unplug plugged up electrical appliances use electricity and generate costs.

Many homeowners and apartment dwellers do not know this. You will see a difference in your electrical bill when you unplug all unnecessary outlets. It is also wise to unplug during major electrical outages to prevent short circuits.

Consistency is the Key to Saving Money, -Lois 

THE IMPORTANT FACTS ABOUT HOME BUYING ARE HERE->

Ladies, it takes skills to purchase a home and non-owner occupied rental property

In Summary

If you do not need the lights, gas, air, or heat – keep it off, and you will lower your bill. You will save money on utilities that you can use for your budget, only when you have “utility use awareness”.

Leave home and turn off – do not keep your electricity or heat on if you leave home. There are a few exceptions. An exception would be if you live in an area that gets cold winters and your pipes would freeze if the heat is not kept on low. Remember to wrap pipes, wherever you can to prevent frozen pipes bursting during cold winters.

Use an automatic timer to turn on and off lights when you are away, or they need to be on for an extended time.

Fireplaces are great for heat if you can get the wood at low or no cost.

A septic/ sewer system requires maintenance, find out from your local septic person.

Water is not free, so use it sparingly, in some areas it is downright limited.

You can get an inexpensive landline or cell phone contract, do your research.

These are surefire ways to save money on utility bills. As you use these suggestions, you will see a deep cut in the money you spend on utilities.
You will be surprised that you will find money for your budget, you hadn’t dreamed of. Save money when maintaining a home, by understand how to efficiently use your utilities.

UNDERSTAND FANTASTIC FINANCES FOR BIG THING BUYING HOMES->

 

Lois Center-Shabazz| Money Strategist | Course Delta Agency

Get your FREE financial consultation from Lois here; let’s chat
Pick up your FREE course, delivered to you by email, now!
Like and follow “Fantastic Finances” on facebook
Follow me on Instagram
Find out how you can understand Home buying and Car buying like a pro
Ready to dig deep and get the financial life of your dreams,read more…
Join me on Pinterest

How Bad Financial Habits Can be Replaced with Good Financial Habits

How bad financial habits can be replaced with good financial habits
In This ” Bad Financial Habits” Article You Will Read:

1. The first step to replacing bad financial habits with good ones are realization.
2. The second step to creating good financial habits is to cut up credit cards.
3. The third step is to stop bad financial habits when you start to save.
4. The fourth step is to get a higher paying job or negotiate a higher salary.
5. The fifth step to changing  financial habits; is to find a cheaper place to live.
6. The sixth thing to do to get rid of bad financial habits is to monitor.
7. The seventh thing to do to stay out of bad financial habits; is to surround yourself with positive people and stick to a budget.

Change bad financial habits; Ladies for peace of mind when you buy a car you must understand the rules.
Surprising as it may seem, many who have bad financial habits don’t understand that they do. This is because of the extent of their financial upbringing or lack thereof. Some kids are taught very young that they should have a piggy bank and budget their money.  They are also taught they can’t have everything they want, and money doesn’t grow on trees.

Other kids are from the “my kid has to have everything I did not have” parent. These parents don’t understand that no matter how much money they spend or credit they use to give your kids what they want, the child never feels enough. This happens because kids, or even young adults start using these things to give themselves a false sense of feeling good. At least this is the message they get from parents, grandparents or other relatives. They teach kids to use things to solve problems the wrong way, with things.

So, buying things, and overspending at any income, becomes a never-ending spiral. The old stuff gets old, outdated, boring or broken and there is a constant stream of new stuff presented by stores, the internet or television advertising. The joy is usually short-term, but the inability to solve problems and other issues organically, not with things, becomes a long – term problem.

Money is not a toy, it is a tool you can change bad financial habits
Once you get on your own, you find out there is no one to pummel you with a constant barrage of gifts so you get into huge unbearable debt, until you have the revelation. The revelation is, “I don’t have to live like this, constantly trying to make myself happy with things that don’t provide long term happiness and put a smoke-screen on the real issues I have. I understand that I am making myself miserable with the attempt to be happy with unlimited things.  

There is another way, you finally realize that you have bad financial habits that are destroying your peace, joy and happiness. Now, all you must do is figure out how to replace those bad financial habits with good one.

The first step to replacing bad financial habits with good ones are realization

The first step to getting good financial habits is to realize you have bad financial habits. You made that realization above when you moved out on your own or married, and concluded that you would have to be deep in debt to get most of the things you wanted.

Fantastic Finances Tips eCourse, by eMail, by Lois Center Shabazz, for personal finance
With that said, you realized that the debt was making you miserable. You got sick when you went to your mailbox and opened your bills, you stayed up at night trying to figure out how to shift the bills so you could pay at least half of them this month, then of course the occasional bill that slipped into collection agencies and you had to turn off your phone to get peace on your day off work. It was an endless cycle of headaches, and all you wanted was peace of mind, joy and happiness. So, you started to think that it must be possible, since the current situation is so miserable.

The second step to deleting bad financial habits is to cut up credit cards

You had a ceremony cutting in half, all but one of your credit cards. That one credit card will be left at home except when you travel – you need it to rent a car or to stay in a hotel.

You make a spreadsheet to list big things you can do to immediately make money to pay off credit cards.

Stop spending money on everything you don’t need to buy, or need to do.

Stop eating out – it is expensive and unnecessary.

Buy your groceries at a discount and shop with coupons.

If you have a car buy a monthly buss pass IF it is cheaper to ride the bus or train, if not use your car only when it is necessary.

Ask your parents if you can move back in to save money and pay off debt, with a timeline to move out.

Change bad financial habits with Top Personal Finance eBooks at MsFinancialSavvy
If you don’t have parents who can help, ask a friend or relative if you can rent a sofa for at least 50% less than your rent. Use the 50% savings to pay off debt.

Before you move sell everything you can sell and pay off bills with the proceeds.

When you get your bills down low or to a manageable amount, go to step 3.

Keep a spreadsheet of your debt payoff and your budget. Use google spreadsheets.

The third step is to stop bad financial habits when you start to save

Open a savings account, have money automatically transferred from your paycheck or your checking account to your savings account – at least 100 dollars a month.

Now you are saving money by not paying market rent, at least 400 per month and the 100 auto deduct to your savings account. You should be able to save 500 per month.

Keep a spreadsheet of your savings and timeline for savings.

Pay extra to credit card principle every single month. Pay off the lowest balances first.

Save dollars and coins in a large vase so when you need small things you can take them from your cash stash.

step by step car buying tips for women

The fourth step is to get a higher paying job or negotiate a higher salary

Some people are afraid to leave their comfortable job or talk to their boss about a higher salary. They feel it may be their doom. They ask themselves questions like: Would if my boss gets angry if I ask for more pay? or Would if my new job doesn’t work out? Do your research first. Find out what you must do to make yourself more valuable to your boss and company, then go to your employer and tell them how you have improved the business by giving at least 3-5 major things. Make sure he offers the first salary move, then if it is not enough you can counter it and let him know you would like more and why.

If you find the salary is simply too low with little opportunity for advancement look for another job. Before you start to look for another job, do lots of research to find out what you qualify for abd whats available. Talk to people in the field and take an online class or a few to improve your skills before you start to look. Improving yourself with online courses will also help with your current job. Just don’t take expensive courses that will put you in debt. There are many free or inexpensive courses online.

The fifth step to changing bad financial habits is to find a cheaper place to live

After you have gotten your debt paid way down, you have saved a substantial amount of money, you have trained yourself with the mantra, “money doesn’t grow on trees – I learned that the hard way”.
Then you can make more major changes.

Start looking for an affordable place to stay after you have increased your salary, or you get a higher paying job. Try to stay away from 12-month leases. It is hard to find a place to rent that is month to month, but it is possible.

The sixth thing to do to get rid of bad financial habits is to monitor

You now must monitor everything you do. Use your spreadsheets monthly to monitor your debt pay off, savings, balances, and budgets on everything. As you pay down debt, increase savings and come closer to your goals you will notice a peace, joy and happiness space surround you. Remember this feeling so you don’t go back to nausea, headaches and sleepless nights you get from high debt and bad financial habits.

The seventh thing to do to stay out of bad financial habits, is to surround yourself with positive people

Don’t forget to include your student loans in your debt payoff and create a spreadsheet for them. If you have student loans do everything you can to make the payment in full and extra to principle to pay them off early – that may include a second job. When you make extra payments to principle this cuts out not only the principle, but the interest associated with it. Associate with others who are paying off their student loans early.

Now that you have understood how you came to have bad financial habits and how you got out, try to surround yourself with people doing the same. It may be a family member or a good friend but choose wisely and work with that person to help each other stay away from bad financial habits and keep your good financial habits flowing for life.

Fantastic Finances Tips eCourse, by eMail, by Lois Center Shabazz, for personal finance

20 Smart Money Moves in 2020 For Long Term Financial Growth

20 smart money moves in 2020 for financial growth

What are smart money moves?

A smart money move is a tried and true method for creating financial growth and prosperity after education, research, deep thought, mentorship, and experience has guaranteed they will work. Here are some smart money moves for you to begin with, I will discuss:

  • Short term smart money moves you can start now.
  • Long term smart money moves that will permanently change you
  • Understanding the types of smart money moves that will save your financial life

successful home buying secrets for women

What are the three types of smart money moves that will benefit you?

1A. Short term smart money moves you can start now

It starts with a guerrilla budget. Judging from the way many of you spend money, I can see that you are not close to any budget, much less a guerrilla budget. A guerrilla budget, as defined by me is “your budget on steroids”. You become the master of your money, not advertising, not spoiled kids, not friends who have financial emergencies, not things you don’t need.

It is you, your tracking your spending and getting rid of everything that is not necessary. Sure, after you get your debt and bills under control you can budget in a few things you enjoy, but first you will start with paying your necessary bills with ease, getting your debts low, and creating a system to have emergency money for your emergencies only.

Learn to say the word no. If you can’t afford it, it should not be a part of your spending process. Your short-term financial goals for the new year should include the following.

  1. Create a budget planner

You know how much money you take home; you know where you are spending on things you can’t afford, so this is where you start.

  1. Track everything you spend

Sometimes you spend money that we are not aware of because we don’t pay attention to what we are spending on. Create a budget for everything you spend money on.

Budgeting, It's what you do with what you make

Maybe you can’t afford a necessary item this month, but if you pay off another item, or save enough money for a new item you need, you can get it in 3 months. Whatever you do, don’t keep charging for things you don’t have money or income for.

  1. Plan what you need

Write a plan for daily needs, weekly needs, monthly and for the year. Do you plan to return to school in three years? You need a plan for that. The plan should include an affordable public school where student loans are kept to a minimum and the education is an absolute must for your field.

Many people gain access to good paying jobs, without college, by working their way up in a company getting experience as they go. Many jobs will pay for you to take courses to gain knowledge and some will pay for a college degree.

  1. Plan what you want

Do you really know what you want? Don’t just take a stab in the dark, know what you want based on experience, knowledge, and research. Many folks get useless education or degrees because they did not research the field and understand “exactly” what is involved.

Occupations change over time, what was in demand 20 years ago, may have no demand now. But some people are still getting into fields with student loans and years of study, only to find out they made a huge mistake and there is no demand in that field.

5. Delete what you can do without, and may not want

Make a list of the things you have or are doing. Then make a second list of the things you can do without. From cable tv to going back to school. What is necessary right now? What can I do to make my life more affordable? What can I eliminate to help get out of debt? These are the questions you need to put at the top of your list.

What are long term smart money moves?

Ladies, it takes skills to purchase a home and non-owner occupied rental property

2A. Long term smart money moves

If you will ever have enough money, you must learn sane savings techniques, these techniques have been created by me for you. Your long-term financial goals should start with money all over the place. Sounds crazy, but it is possible, no matter what your income. There are many ways with these smart money moves.

  1. Start with the dollar and coin jar, save regularly here

Get two simple jars, at least a foot high. Every week empty a handful of coins in your coin jar, place at least a few dollars in your dollar jar, between $2 and $10 dollars. This money will accumulate until the jars are full. Don’t use any of the money until the jars are full.

When they are full, you can use them for inexpensive, minor emergencies. But they need to always be half full. When it gets full, take out the coins, redeem them at the store where there is a coin exchange, take the money from the coins and take half the dollars to the bank.

They will be placed in your passbook savings accounts. The remaining dollars will be used for your small emergencies or expenses.

  1. Don’t be afraid of a basic passbook savings account for emergencies. Yes, I said passbook savings account. This is your first great savings account. Now, I know what you’re thinking. You are thinking, “I am not getting much in the way of interest”.

The interest is not the important issue at this point. The issue is accumulation of funds for short term emergencies’ and long-term smart money moves. This is where we accumulate.

Your short-term smart money moves will be born in your passbook savings account. Everything sprouts from here. Try to put at least $50 to $200 a month in your passbook savings account.

  1. Use your overage in your basic account every six months to fund a higher interest account as you accumulate money in your passbook savings account, it will be added to pay off bills, purchase short term more expensive emergencies or add to a higher interest savings account.

  2. Use your passbook account to fund your needs

Write down your immediate short-term money moves as they relate to your needs. An example would be to pay off a $400 credit card balance when I accumulate $600 in my passbook savings account. 

  1. Use your dollar and coin jar to fund your immediate wants

The dollar and coin jar are for super short-term smart money moves as well as to fund your passbook savings account. A super short-term money move would be to fix the cracked screen on my cell phone or hire a gardener to weed and trim your over-grown yard.

Fantastic Finances Tips eCourse, by eMail, by Lois Center Shabazz, for personal finance

3A. Understanding the types of smart money moves that will save your financial life

If you don’t understand the smart money moves of big thing buying you can ruin your finances for a long time, buying cars, homes, and an education.

I talk to people all the time who tell me they wish they would have put more thought into purchasing a car, going back to school or even buying a home. There is never a rush.

Making the wrong decisions when it comes to major items can cost you hundreds of thousands of dollars you could have saved. Remember, you have many choices, and there is never a need to rush. Do your research, do your homework – identify all your options.

  1. Make “paying off” a car or credit card a goal

I talked to a young girl just a few months ago. She wanted to get her finances in order. I told her you have first start with critical thinking, not allowing advertisers to tell you how to purchase. They recommend high-profit items that benefit their pockets, not yours.

I told her the example of refinancing a car. She, said “STOP”, I already made that mistake. She said she saw an ad to refinance her car for a lower interest rate, she did and then her sister pointed out to her, “do you realize that you just added two years to your car note?”.

She told her, after looking at her paperwork that the two years she had left on her car loan was now four years with her new loan, adding an additional two years. She would have been better off paying a slightly higher interest rate she had and paying off the car in the two years she had remaining.

That was not a smart money move and shows how it happens when you allow propaganda advertising to influence you.

  1. Use the monthly budget you have from a payoff to save money

When you pay off a bill, you now have extra money, use at least half of that money to place in passbook savings. The other half will be used to put on other bills.

  1. Do research on a new car if you need it

New cars are expensive especially when you add the first-year warranty service and the cost of general maintenance and vehicle registration. So, look hard for an affordable new car or consider a CPO, or certified pre-owned car. These are cars that you purchase on the used side of a new car lot, they are less than 5 years old, have about a 150-point check and you get a warranty.

Free printables for small business and personal use at MsFinancialSavvy; Daily Action Form, Budgeting Form, and Savings Form

  1. Buying a home is still possible in some states with a middle income, start your research

Homes are getting extremely expensive in the larger more populace states such as California, New York, New Jersey, Washington D.C. as well as others. But there are many states especially in the south and mid-west where you can buy affordable homes if you are middle income. But I caution you to do your research, do your homework first.

  1. Set a budget for the home you can afford

The most important thing you can do before you think about purchasing a first home or even a second or third, is to set a budget. That budget is based on what you can afford after your down payment, after you have paid off bills, and after you have sold things you don’t need, an example would be a car with a large car payment, may be something you could get rid of.

16. Start a savings account for a home you can afford

After you establish your affordability index, you can now start to save for your new home. I have discussed the many ways to save money above, so you have many ideas. You will need to save for the down payment, the escrow costs, and any repairs that may be needed.

17. Choosing a college; there are no guarantees, research is paramount

Going to college in the United States is tricky these days. The number one goal should be to keep you and your parents out of debt. There are affordable public colleges, consider those first. Private colleges have a lot of hidden cost. For-profit colleges, (that is those that advertise on television constantly and are located online only, or in a strip mall or office building – usually no real college campus, they have quick classes), the cost is high, and the jobs are few. Some employers will not hire from for-profit colleges. 

18. Focus on finding an affordable not-for profit college, preferably brick and mortar There are many affordable non-profit public colleges. Do your research be through, keep student loans at no or low, very low.

20 smart money moves, finances are all emcompassing

19. Find great careers that don’t require college

There are many careers that don’t require college and some online course that are very cheap, but have great careers connected to them.

20. Research community college degrees that pay well, computer science, registered nursing, dental hygiene, at a community college you can get a certificate or an associate degree. From that degree you can get a great starting job, depending on the course matter or you can transfer to a 4-year college if your state permits.

The following demonstration shows you that smart money moves can and will put you on tract to great financial growth when you pay attention to the details.

14 Ways to Save Money for the Holiday Season

14 ways to save money for the holiday season

14 Ways To Save Money for the Holiday Season

Shop with Cash for the Holiday Season

Save money for the holiday season by shopping with cash, sounds simple but the number or people who shop with credit cards, feeling that their budget is unlimited is huge. You don’t have to fail at holiday shopping just because your neighbor is, or you THINK everyone else is. Your misery afterwards will only be shared by you, not others. So, when you keep that in mind that will make it easier to shop with cash and save money for the holiday season. Also considered cash, is a standalone debit card, where you can go to your bank and ask to purchase a debit card with the maximum amount you want to spend. You can also purchase debit cards everywhere these days, grocery stores, drug stores and other places.

Save Money When You Set Aside a Limited Amount for the Holiday Season

If you have saved in a holiday savings account, take the money now to shop for the holidays. If you have not, start a savings account now, you still have time to save for the holidays. No matter what you plan to buy, there absolutely must be a limit to avoid going into debt. Set your limit and stick with it no matter what. You can find out how much everything cost and do comparison shopping by going online, online price comparisons are quick and easy.

skills to manage money are essential, learn budgeting

Make Sure You Shop with a List

Take your list with you when you shop. Save time, money and gas by mapping out your route before you shop. Some folks will go from store to store wasting precious gas money, sometimes as far away as 20 or 30 miles. Know before you go holiday shopping by 1. Knowing exactly what you plan to buy, 2. Know where you plan to buy it, 3. choose several stores in the same location so you don’t waste money on gas.

An Online Car Buying Course for Women Makes a Great Holiday Gift

Don’t Shop During the Holiday Season When You are Tired or Hungry

If you holiday shop when you are tired or hungry, you will tend to over-shop, so you leave the store quickly. Your thought process becomes “muddled” and you buy stuff you would not have bought if you were relaxed and on a full stomach. And, when you’re tired you will tend to make mistakes due to a cloud in your thought patterns. When you are hungry, your stomach starts to growl, you will think more about getting something to eat than what you are picking up off the shelves. So, sounds like common sense, but a lot of people just don’t take the time to note whether they are hungry or tired before they go holiday shopping, so a warning to you, “take note” of your condition before you leave the house.

Budgeting, It's what you do with what you make

Your Kids May Not be the Best People to Help You Buy Holiday Gifts

Don’t ask your kids for advice on buying gifts for others. Most kids just don’t have the ability to understand the limits you should put on every single gift. So, you be the “captain of the gift buying ship” and decide what you will buy, and only you decide. Of course, you can ask your kids to give you choices for themselves and let them know you will choose a few holiday gifts from their choices. Don’t let your kids think “money grows on trees” during the holidays, let them know there is a limit.

Can You Really Afford That Holiday Party?

Holiday parties are all over the place during the holidays. But, before you go all out for your holiday party, ask yourself if it makes sense to spend the money. To make it an affordable holiday party, you can do a “potluck”, where everyone brings a dish. And to make it less work for you, ask a few friends or family to be on the cleanup crew. Ask everyone to bring a unisex gift under $10, and pick names from a hat to give a gift at the party. Here I have created at least 3 ways to save money during the holiday season.

Why Holiday Gifts Don’t Always Cost Money

You can teach your kids or grandkids that holiday gifts don’t always cost money. For example, you know that pantry you wanted to clean and organize – let you child know that would be a great Christmas gift to Mom. Your elderly neighbor’s yard may need to be cut and trimmed – let your child know that would be a great gift to the neighbor who watches your house when you are on vacation or who brings in your newspaper when you come home late. Maybe your attic is cluttered and disorganized, let your children know that would be a great gift to Mom and Dad to have them declutter and organize the attic. These are a few suggestions for “holiday gifts” that don’t always cost money, you can think of more.

Your Holiday Budget Does Not Have to be Complicated

Plan for your holiday budget. When it comes to your holiday budget, please don’t throw “caution to the wind”. In other words, take your holiday shopping serious and you can save serious money during the holidays. It is easy to get distracted with all the beautiful holiday decorations and Christmas music in the stores. Even if you shop online, which many of us love to do, most of us want that holiday experience in the stores also. But, be careful, that experience is alluring. But you can keep your head on straight as long as you realize that the atmosphere is designed to make you spend all the money in your pocket and on your credit card.

An Online Course of Home Buying for Women is a Wonderful Way to Start

Save Money with Re-arrangement For Your Holiday Budget

You can re-arrange your monthly spending to include enough gift money for the holidays. Cut back on something you don’t need to buy or do for the next few months, that you have done on a regular basis. That may be going out to eat once a week or saving money on gas by skipping your weekly card game. You can think of at least a few things you regularly do that you can cut back on for the holidays, then use that money for holiday spending.

Write Down Your Holiday Budget and Your Holiday Gifts

The more you write, the more you save. Writing down your savings just keeps you, your mind and heart, informed about the money you are spending moment by moment. If you know how much you must spend, in most cases you won’t go over your spending amount. It also lets you know when it is time to leave the store or online shopping site. The more you write, the more you will become aware of your limits. All you need is a small diary, some cell phones come with a writing pad, you can use that. Also, you can use a word document if your cell phone permits.

Write a Diary of Holiday Gifts and Why Everyone Deserves it

Know who deserves which holiday gift. Make a note of why they deserve the gift. For example, 1. If your son brought his grades up and learned to keep his room clean, 2. If your daughter does household chores without being told. 3. The times your neighbor took you grocery shopping and to run errands when your car was in the shop. 4. When your sister helped you get your car fixed after you lost your job. These are just a few examples, but you get the idea. The holiday gifts should be in line with the deeds. The holidays are a great opportunity to let folks know that you appreciate them and what they have done for you during the holidays. It is also a great opportunity to teach your kids or grandkids why we give gifts with a purpose.

Set a Holiday Budget Spending Limit According to Importance

You know what your holiday spending limit is. Unfortunately, too many shoppers go over that limit before they realize they put themselves in holiday debt. Keep the credit card in your pocket. You can use cash or get a debit card with a limit, at your bank. So, if your Holiday spending limit is $500 dollars, you would get a debit card for $500 and keep track of all your receipts and balances left.

You Can Understand Budgeting and Wealth Accumulation Like a Pro

Remember That You Don’t Ever Have to Spoil Your Kids During the Holidays

I haven’t figured this out yet, but some parents, grandparents, aunts and uncles, feel it is important to spoil their kids for the holidays. My suspicion is they feel their kids won’t feel loved if they don’t get all the material things they want. Not true. Love is not gifting it is positive time and attention. So, when you feel you have to buy that over-priced gift or another gift they may not use after a short time, try sitting and have a long thought-out conversation with your child about their life, and what they do when they leave the house, their friends, their favorite interest. Kids feel important when adults, especially their parents show them they care enough to have a deep and long conservations with them about their interest. So, the gifts should not only be in line with what they deserve, but also, what you can afford.

Who is The Most Important Person on Your Holiday List?

Make a list of your holiday persons. I know this sounds like favoritism and it is, so start at the top and move to the bottom with a list of the most important to the least important people to give a holiday gift to. The most important may be a spouse, parent or child who has been special to you during the year, the least important may be the holiday secret gift at work. No matter who gets a gift, make sure you keep it in perspective and give accordingly.

I have listed 14 ways to save money for the holiday season, now that I have you started, you can think of more.

Don’t think about buying your next car until you take this course!

How Much You Budget What You Have Makes a Difference

How much you budget what you have makes a difference

I have had several people online contact me and say, “I never thought I needed a budget, much less a guerrilla budget” Most of them feel that budgets are for those who have a lot of money. But, I am here to say, it does not matter how much you have, it’s how much you budget what you have. Rich people go broke all the time for the same reasons poor people go broke. In my opinion, they both spend to much money for their income. Budgeting is a skill, the more you practice it the better you will get at it. So, start now, and perfect your budgeting skills.

How Much You ‘Budget What You Have’ Will Make a Difference by:


Saving Money

Budgets save you money in many ways. First, it encourages you to put savings in your budget I encourage those who don’t have much money to start with “the jar”. Place loose change in a jar once a week. Then go on to the second jar which is the dollar jar. You will place a few dollars in the dollar jar a week or every two weeks. This will give you more of a cushion than the coins if something goes awry in your budget, like running out of food or needed extra gas. This will help to keep your budget in tack. After your jars are full, open a savings account, then later, start automatic deduction from your payroll or checking account to your savings.

Controlling Behavior

A budget controls your behavior by preventing you from randomly pulling out a credit card or spending on things you don’t need. When you pass the dress or shoe store your budget sense will tell you to keep going because those things are not in your budget. When you get an email from a clothing store you purchased from in the past, your budget will tell you to delete the email, there is no reason to open it.

Ladies for peace of mind when you buy a car you must understand the rules.

Reducing Clutter

This may seem like common sense, but many people spend excessively and don’t realize it until there is so much clutter they can’t find a place to put their buys, or a place to use it. It is only then, that many realize they are developing a hoarding personality. Creating a budget. and sticking to it will help tremendously to prevent over-buying, the fear  of hoarding and busting your budget, will encourage you to budget what you have.

Budgeting is not taught in most schools, many of your parents do not have a budgeting sense, so it is important to get it from other resources.Start with
my Car Buying Course for Women.

Lois Center-Shabazz | Course Delta Agency
Personal Finance: Author, Blogger, Course Creator, Money Strategist

Interested in a Free Discussion about how I can help you with Fantastic Finances? Let’s Chat – Make an Appointment Here

GET YOUR FREE Fantastic Finances Tips Course by eMail

7 STEPS OF NEW INVESTORS FREE PDF

YOUR FREE PRINTABLES FOR HOME OR BUSINESS MORE FREE PDFS

JOIN MY Personal Finance FACEBOOK PAGE

 

Home ownership dream for women