No one likes to waste money, and some habits we all have can drain more cash than we’d like to admit. Saving money is hard work, but there are plenty of small ways to save that add up over the course of a year. Everyone could benefit from saving some extra money, whether you use it to pay down debt, treat yourself to something you’ve been eyeing, or put it toward a vacation. If you’re looking to shave your monthly budget, there are numerous ways to do it. Check out 10 money-saving tips below.
It seems like everything is costing more money these days, including food. Statistics show that the average American household spends about $6,000 a year on food. That’s nearly 12 percent of the average yearly household budget. Food plays a big part in our health and well-being, so it may not seem unusual for such a significant amount of your yearly budget to go toward it. But is there a smarter way to shop and save some money that can be put toward other expenses? The answer to that question is yes. Here are a few ways to pull in the reins on the costs of food and other everyday items.
As we approach the holiday season, stores get crowded with shoppers on missions for the perfect gifts for their loved ones. It’s easy and tempting to break out the credit cards and worry about the extra money we’re spending later as we check off each item on our lists. When possible, planning ahead for holiday gift shopping is the best way to go. In the current economy, though, budgeting may be too tight to save extra money beforehand. Another option is to earn extra money this season. Here are five easy ways to make your holiday shopping less stressful on your pocketbook.
Five tips on teaching kids about money By Rachel Friedman In the coming decade, it won’t be enough to teach kids how to read and write. If they’re not financially literate, they’ll be lost. “It’s tough out there, and it isn’t getting any better,” says Vince Shorb, president of the National Financial Educators Council (NFEC) [...]