Spouses and money, waste less, frugal living, financial suicide and more.
Money Talks News – If your other half is a reckless spender, Maryalene says “bridge the divide and get your spouse on board” with these six suggestions. The first is: “Stop nagging.” No one likes a nag. Instead, give your spouse some time. After a month or so bring up the subject again – in “positive terms.”
The fourth suggestion is interesting: “Bring in a third party.” Ask your spouse to attend a financial seminar or see a financial planner with you. A new voice and view point might work. Here’s an interesting take on money and marriage: Keep your cash separate.
Plunged in Debt – Catherine believes that “your household spending budget is probably loaded with waste – in various spending categories.” With that in mind, she’s highlighted four categories where savings opportunities usually dwell.
The third category is: “Discretionary spending.” Expenses such as eating out, “nights on the town,” and impulse shopping hide there. Many people don’t properly track discretionary spending. Morning coffee, energy drinks, a quick lunch and other expenses are never recorded. As a result, you blow your budget.
Dinks Finance – Frugal living is trending these days. It’s certainly better than burdening yourself with debt. Jason came up with seven things that will help you join this trend. The first is: “Cut your cable.” If life without cable is impossible, at least call your provider and negotiate a new deal. If they won’t cooperate, switch providers.
The fifth thing is go out less and cook more at home. Jason says, “If you go out three times a week and spend $30 each time, that’s $90 a week and $360 per month.” That’s serious cash, people. And don’t tell me you can’t cook. Simply look online and find hundreds of easy recipes a child could prepare.
Len Penzo dot Com – Len says most people don’t truly consider committing “hara-kiri”, but “there are more than a few folks who unwittingly choose to commit financial suicide every day.” The fourth way is: “Failing to accurately track income and expenses.”
We’ve talked about tracking your expenses in the past. We recommend using PowerWallet. This online money management tool will help you create a budget and set up reasonable financial goals. Check out Len’s other popular ways – and please avoid them.
The Jenny Pincher – Valencia is “all about financial literacy and changing our money mindset for the better.” When some people experience a bad day or feel emotionally stressed, they spend money. It’s called “emotional shopping.”
Unfortunately, when you shop like that and use your credit cards, the bills always follow. And that causes more stress and depression. Read Valencia’s post and change your financial mindset. You should also read this financial literacy post by Howard Dvorkin, chairman of Debt.com.
Article last modified on June 12, 2017. Published by Debt.com, LLC .