Budgeting for Christmas Shopping Before it’s too Late

Shopping for christmas goodies

Yes, it is only just Fall and the leaves are barely starting to change color but before any of us realize it, the snow will be on the ground and Jingle Bells will be playing at the mall (OK, the holiday music will start once Halloween is over).

Budgeting for Christmas shopping now may sound like a chore but it can be the life line you need to avert debt.

Typically when a person goes Christmas shopping and there is no budget, then this gives the illusion of having no limits – and no limits often leads to January credit card bills that hurt.

According to a Gallup poll in 2013, Americans polled expected to spend about $700 for gifts during the holiday season.  Do you have that in your savings, ready to spend on gifts?

Designing a budget helps you to avoid that steep downhill in January; and this helps to keep the happiness of the Christmas holidays lasting well into the new year.
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Can’t Pay On Time? Change Your Due Date!

Way back in the dark days when my credit card debt felt like a ball and chain around my neck I would have problems paying my credit card bills on time.

And man, was I so close a lot of those times!

I’d miss the due date by a day here, three days there.  See, my budget was timed badly such that my paycheck and my credit card due date were within days of each other (I was living paycheck-to-paycheck for a while).  By the time I could get my bills out they would already be late.  You can always ask the credit card company to waive a late fee but I had too many to ask anymore.

One day I found out I could ask the credit card company to move my due date.

“They would do that,” I thought?  I mean, why would they work with me since I owe them money?
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Try Out Your New Lifestyle Before You Actually Live It

mom

Life can be full of financial changes that you must adapt to.  One of the best ways to make the transition smoother is to try out your new lifestyle before you actually live it.   Take, for example, the stories of two women, Jessica and Maureen.
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How to Create a Budget for Variable Income

With people increasingly using technology to make money from home, it is becoming more common for many of us to live on a variable income. The problem for many, though, is how to create a budget for variable income?  Whether you have a stable base of income, with some variable elements, or whether your entire income is variable, you need to have some sort of plan for your money.

Estimates: Break Down Your Monthly Income and Expenses

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How We Manage Our Finances on the Road

On Plane Over My Fuji

This guest post is from Wifey of a Roadie, where M shares her tips and tricks as she and her husband travel the world.

Hi Everyone! Wifey of a Roadie here!

I’m reading all these informative and entertaining blogs on debt control and travel and therefore have been inspired to write this post.

Juggling Love and Careers

Some people have asked how in the world my husband and I have managed to stay together and travel so much.  When my husband got offered his first job to tour with Queen Latifah, he was told to ask my permission to accept because marriages don’t last in this business.
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Kids & Money – The Financial Apple Doesn’t Fall Far From the Tree

Changes you can do to teach financial literacy to kids

For those of us with kids, we hope to pass down certain traits—good looks, agility, perfect vision, smarts, business savvy. But what of our money management skills?  Financial finesse rarely makes it onto our list of personal strengths, yet it’s a crucial life skill everyone needs to acquire.  A Charles Schwab 2010 Families and Money survey found that “not saving early enough for retirement (43%), not saving money for emergencies (42%) and carrying credit card debt from month to month (30%) [were] cited as the top three financial mistakes [parents] fear their kids will repeat.”  Don’t let your kids make your same mistakes or fall into that ever-growing percentage of 18-24 year-olds who file for bankruptcy.

Here are 4 simple things to do differently (or start doing) as a parent, to ensure your kids gain financial awareness from an early age and build responsible habits.

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Ways a Bigger House is More Expensive (Besides the Mortgage)

There’s been a movement the past couple of years to move to a smaller home in order to save money.  It’s understandable with the economy the way it is and all.  Still, many people look to the time when they can get a bigger home.  Sometimes you just need more space.  Some just want the bigger place.  I still see homes being torn down and re-built into much larger houses.  Thing is, when you buy a bigger house you aren’t just paying a bigger mortgage.  With a bigger house comes some other expenses and costs that increase.

Some Ways You Will Pay More With a Bigger House:

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