• Crafts

    Crafts

  • Do it Yourself

    Do it Yourself

  • Gardening and Landscaping

    Gardening

  • Frugal Living Articles

    Frugal Living

  • Gift Ideas

    Gift Ideas

  • Frugal Holidays & Decor

    Holidays

  • Make your own Mixes

    Mixes

  • Money Matters

    Money Matters

  • Recipes

    Recipes

  • Tips and Tricks for Frugal Living

    Tips-n-Tricks

  • Contact Us

    Contact Us

    • A budget can help you pay off debt sooner - Is this true?

      How to erase debtMost of the Americans resolve to pay off debt every year but soon as the year starts passing by, their resolutions also fade away. Are you one among them who had resolved to get out of debt in the beginning of 2012 but then forgot about it as days passed? If answered yes, you should buck up your present financial state so that you donít have to take help of the professional debt relief options that are waiting to squeeze money out of your pockets. Budgeting is a word that is despised by the Americans, and if you want to get back a firm grip on your personal finances and pay off debt sooner, here are some budgeting tips that you should follow.

      Prioritize your expenses: The first step that you need to take is to prioritize your expenses so that you may know when to spend on the needs and when to spend on the wants. You should learn the difference between needs and wants so that you can easily prioritize your expenses. Always postpone your expenses on your wants as these can be laid back till the near future when you finish spending on the needs.

      Plan for the unexpected: When you plan or craft your budget, you should ensure that you plan all the sudden and unexpected expenses that may arise out of nowhere. Unless you plan all the expenses, you may suddenly fall in trouble. Assess the importance of saving enough funds to meet the sudden financial needs.

      Stop spending more money than what you earn: When you think about the ways in which you can spend money, you should always ensure that the money that you spend is never more than what you earn in a month. Calculate the total amount of money that you earn in a month so that you can maintain the expenses way below the income level.

      Stop using your credit cards: While youíre following your budget, you should make sure that you donít use your credit cards while making every small purchase. Use cash instead of credit so that you can stop buying things when you donít have the affordability to do so. Ensure accumulating cash and then buying the thing that whipping your plastic and immediately buying it.

      So, no matter how much you hate following a budget, you have to devise a frugal one if you donít want debts to keep you awake at night. Get help from a professional debt relief company only when you think that you canít handle your debts with your budgeting efforts.
      Comments 1 Comment
      1. Ms Alusa's Avatar
        This is a particularly good article, covering so many aspects of budgeting and what can be accomplished by planning. That is one of the abilities that sets us apart from the animals, and it's a very good one. If we are out of control, we have no one to blame but ourselves, with resources such as this to provide information, guidelines and how-tos.
        Great article and great info....!

      FYI- Login to CommentHave something you'd like to add? Register & Login to add your own comments, thoughts, questions or suggestions.

      As always, Registration is Free!





    • Google+ Pinterest Twitter youtube Facebook

      More on Money & Finances:

      Kjmauch

      Re: Gas Hog Alert

      Tulsa OK. $3.13. Just when I think I'll never see it below $3.00 again, down it goes. Will I?

      Kjmauch 07-30-2014 07:54 AM Go to last post
      boettg33

      Re: my money saving efforts

      Have you looked into any of Dave Ramsey's content? I don't like that you need to pay for a majority of his content, but some of it's free.

      boettg33 07-28-2014 01:10 PM Go to last post
      Parasmom

      Re: my money saving efforts

      Congrats Jennifer!! I need to start doing the meal planner on here and doing some MYO. It's just me and hubby.Wish I could hang clothes out also. My Nanny hang the clothes year round.

      Parasmom 07-28-2014 12:21 PM Go to last post
      mmmmbacon

      Re: my money saving efforts

      Menu planning is a tremendous way to save and to eat healthier at the same time. Great job, Jennifer!

      mmmmbacon 07-28-2014 10:01 AM Go to last post
      Deweese

      Re: Camping During Football Season- RV/TV HELP

      If you have a laptop and a wireless internet connection you can connect your laptop to a tv, then visit First Row Sports and stream the game to your computer (& display it on your tv)

      FIRSTROW |...

      Deweese 07-28-2014 09:14 AM Go to last post

    (C) Melissa 'Liss' Burnell & Budget101.com 1995-2014
    Material from www.Budget101.com may not be copied or distributed, or republished, uploaded, posted, or transmitted in any way, without the prior written consent of Budget101.com, EXCEPT: you may print recipe pages for your personal, non-commercial home use only, provided you do not delete or change any copyright, trademark, or other proprietary notices. Modification or use of the materials for any other purpose violates Budget101.com's intellectual property rights.
    Site Design is Created from a Modified Style Originally Created by Miner Skinz

    Complete Frugal Living Resource ©