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Does Your Budget Make You Feel Poor?

One reason that many people hate budgets is because it makes them feel poor. It can be difficult to stop spending money any way that you want to. It takes time to become used to spending within the limits of your budget. You may feel that you are cutting back on things (like eating out, toys, and leisure items) and not seeing an immediate benefit. If you feel poor then your attitude about your money and life will change negatively. Here are four ways to stick to a budget without feeling poor. 1) Make sure that you and your husband … Continue reading →

Comparing the Value of Your Things to Your Time

How do you value things? This can be one way that can help you if you are constantly overspending in one area. It gives you an easy comparison of what something is worth to you. You can break it down into whatever form that you want to and then make the comparison to decide if the money you are spending is worth it. My husband measures everything in comparison to the value of a video game. He plays video games to relax. He purchases one about every two months, so it is not a common purchase. When we are spending … Continue reading →

Scaling Back Your Spending

One of the more difficult things to do when you are budgeting is finding areas to scale back on. While a stranger may be able to look at your budget and easily say to cut unnecessary expenses. You may feel that those expenses are necessary for your life. It helps if you can step back and put things in perspective. Also the situation you are currently in can really affect how much you need to cut out completely. If you are in a large amount of debt, and have trouble meeting the payments and buying groceries, you are in a … Continue reading →

How Much Are You Paying for the Perks?

How much are the perks and the benefits really costing you? You may be surprised at the cost of the free items that you receive. You may also be surprised at how the loss leader items in a store’s ad may end up costing you more money, since you are shopping at a more expensive store. For example my husband wants to purchase the new operating system for Macs. One of the things that Apple does so well is promoting a lifestyle and general buzz around its products. We qualify for a forty dollar discount on the software due to … Continue reading →

Should I Splurge?

Are there times when you should go ahead and splurge? Do you need to live your entire life on a budget, buying inexpensive items? When is it okay to spend a little extra, and when should you not? If you have been intent on saving money and getting out of debt, it may be difficult to let yourself spend a little extra money. Here are four questions to ask yourself. 1) Can you pay cash for the item? If you answered yes, then you should be fine purchasing the splurge or upgrading your purchase. If you answered no, then you … Continue reading →

Money Month in Review April 2007

This month in Money there were several great blogs on a variety of topics. There were blogs on budgeting, allowance, debt and credit card scams. Here is a synopsis of everything covered. Michelle shared her accomplishment of being debt free in Debt Free, Debt Free, Debt Free at Last. If you are already debt free or close to there you can read Debt Free! Now What? to learn the next steps to help you on the path to financial freedom. You can read about what to do with the extra money that you have each month. Michelle also warned us … Continue reading →