Unemployment can be a scary situation, especially if you are a recent graduate with little work experience and a mountain of student loan debt. Fortunately, there are ways to save money even while you are unemployed. Here are some suggestions to cut down on spending so you can continue to pay off your debt or keep yourself afloat while you look for a new job.
If thinking about your money situation makes you feel anxious, worried or panicked you are suffering from financial stress. Fortunately, you aren’t the only one. Money is one of the biggest causes of stress, but it doesn’t have to be that way: there are many effective strategies for not only coping with financial stress, but to conquer it. Here are a few ways to get started.
When identifying your wedding budget, it is important to remember that weddings are not worth going into debt. Therefore, do not decide on a budget that is too large for you to afford. Decide whether you will have a honeymoon, and if so, whether the honeymoon budget will be combined with or separate from the wedding budget. Look at your budget and your future spouse’s budget and decide how much you each can afford to put towards the wedding. If there will be any parent contributions, factor those into the budget as well. Be sure to honor these contributions by mentioning the parents on the invitation and including them in the wedding planning. Continue reading “How do I budget for my wedding?”
Deciding which car to buy is a larger decision than choosing a brand and model. You must also decide between buying and leasing, and if you decide to buy, you have a choice between a new and a used car. Choosing between buying and leasing depends, among other things, on your financial situation and whether you keep your cars for a long time. If you decide to buy, you will either buy a new or a used car. Again, this decision depends on your finances, whether you would receive any rebates or cost breaks with a new car, and other factors.
Creating a budget: it’s something everyone knows is important, in theory, but few people take the time to create and stick to one. Throughout history, setting a budget has required a lot of time and even more math. However, with the internet age comes a plethora of new ways to help you understand where you spend your money. Beyond tracking where your money goes, these budgeting sites includes tools to help you set goals for savings and long term, big purchases like a new home.
College and post-college years can be lean times for your bank account. If you’re monitoring your account balance and trying to live within your means, it should be easy to avoid overdrafts, right? Not necessarily. Your bank’s policies and your personal account settings play a big role in whether your transaction will be approved or declined, and whether you incur a dreaded overdraft fee.
There are many good reasons to travel, from checking a destination off your bucket list to simply using up a few vacation days. Despite how effortless it can look in the photos afterward, travel can seem intimidating and difficult in the beginning, especially if you’re not traveling with deep pockets. But with a little preparation and planning, you’ll be set to go, no matter the size of your budget.