Financial cleansing, raising a child, debt trackers, impulse spending remedies and more.

1. Taking Time to Recalibrate with a Financial Cleanse

Broke Millennial – Erin says 2016 was a good year for her, both personally and professionally. But as she made some beneficial changes during the year, she also experienced a few “financial missteps.” For example, she “raided” her savings account too frequently.

As a result, she’s recalibrating her finances by committing to what she calls a “financial cleanse.” The cleanse lasts a month and is “segmented into four weeks.” During the first week you’re tasked with analyzing your expenses, using only cash for purchases, cutting back on one expense and recording your transactions. Check out what the other three weeks entail.

2. Raising a Child in the U.S.? Prepare to Dig Into Your Wallet

Money Talks News – According to the U.S. Census Bureau, the United States is the third-most populous country, with a child born every eight seconds. And here’s another crazy stat, Krystal says “the average cost of raising a child born in 2015 through age 17 is $233,610 – and that doesn’t include college.”

There is some good news, though – if you have more than one child, the costs go down. Sounds ridiculous but it’s called “the cheaper by the dozen effect.” Or you can go the opposite route and never have children.

3. 5 Benefits of Using a Debt Tracker

Financial Life Best – Repaying debt is difficult. It becomes more difficult if you don’t have a plan or a system that helps you stay focused and committed. Torie says, “Many people don’t know how to get started paying off their debt efficiently.” That’s why they fall behind on their payments and incur more debt.

But you can avoid that nightmare scenario by using a debt tracker. The first benefit they provide is:  “A ‘Screenshot’ of Your Financial Life.” You can actually view your “repayment information in one place.” I recommend using PowerWallet. It’s a great money management tool.

4. 4 Things I’ve Done to Regain Control of My Money

Frugal Rules – Money influences people. It’s scary but true. Chonce says “money told me where to go, what to do” and even told her how she could spend it. But now she controls her money by doing four basic things. The fourth thing is: “Embrace what’s frugal and free.” She does that by ignoring “the latest trends and fads” — which people only waste money on.

When people become overwhelmed with debt, they feel helpless. As a result, they suffer through what Chonce was experiencing. If you’re feeling powerless, read her post and check out this post on being squeezed by debt.

5. My Foolproof Method To Stop Impulse Spending

Frugalwoods – The Frugalwoods have recently heard from their readership and the main conversation has been about impulse spending. Mrs. Frugalwoods says, “In many ways, our culture is specifically designed to encourage impulse spending.” She’s right. We’re bombarded with ads and marketing campaigns geared toward making us spend – and spend blindly.

So she’s prepared five tips that will help us suppress the evil impulse buying gene before it takes over our better judgement again. The second tip is the 72 hour rule. Do not buy anything (except necessities) “for at least 72 hours after you initially consider buying it.” Read this post.

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Meet the Author

Brian Bienkowski

Brian Bienkowski


Bienkowski is a contributing writer and is the face of's 'By the Numbers' videos.


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Article last modified on September 4, 2018 Published by, LLC . Mobile users may also access the AMP Version: Around the Web: Impulse Spending - AMP.