Where is all the money going during these trying times?
During these trying times it is helpful to know that all over the world, people are struggling to get by financially. It really is not just you. The cost of living increases, even if your pay does not. Emergencies happen to all of us, we all need money for the unexpected and yet we are all trying to save money.
When you hear that on the average each of us is spending at least $300 weekly on varied expenses. This makes it tough on everyone. How do you save money for emergencies and still pay all the bills and take care of the family? On average, the general yearly cost for living expenses is $74,000 per family. That does not leave much room for anything else.
When you realize that it is time to start tracking your expenses so that you could possibly start saving more money, you should begin with a budget tracker application. These apps help you to understand where the money is going and holds you accountable for what you are spending.
One bad habit that many of us have now is we are living in a cashless society. It has become far too easy to swipe the plastic card without thinking about where we are putting the money. When you make yourself use strictly cash, you automatically determine if the purchase is a necessity or a want. Spending frivolously can be limited when you make an effort to track your spending and saving habits.
It will take some time the first month for you to see the totals of what you spend without thinking about it. Being conscious of those spending habits, will help you prepare for the future and for the emergencies that jump out when least expected.
After that first month, look it over and sit down to figure out a budget that you can live with. One important factor is to take 20% off the top of income and place it into savings. Then you can look at other expenses to see where you can limit the spending or cut it out altogether. For many of us, rushing to work and grabbing a quick coffee in the drive through is one that could be eliminated. Make your coffee at home. For almost the whole month worth of home brewed coffee, you would only get maybe three purchased coffees. Which one makes more sense now? Also, we all lead busy lives, work is hectic and it seems so much quicker to rush out and pick up lunch on the run. Lunch breaks are meant to give you a break, a chance to relax before you go back to work. If you have leftovers from the meal the night before, pack them to take to lunch. Plan ahead on meals so that you can prepare lunches that you can grab and run out the door to go to work.
As far as your budget, pay the bills in total each month. Plan a menu and stick to it. Prepare foods ahead of time on the weekend so you just have to thaw and heat up. This will save you a lot of money. You will be able to save up for unexpected expenses.
If those expense hit when you are not ready, visit us for a SureCash fast loan, or payday loan. We can arrange to solve the emergency and give you a repayment plan that you can afford.