This topic was requested in my Facebook group (you can join here). People wanted to know if a balance transfer was worth it. If you read my blog, you know I am not a huge fan of credit cards, but they could be a useful tool on your financial journey. I will attempt to breakdown some of the pros and cons of doing a balance transfer.
OK, so I felt like this was a timely post in light of the government shutdown and the possibility of families not receiving food assistance in the coming months. If you aren't aware of all the changes, you can read about it here. I want to keep this post focused on how families can save money whether they receive government assistance or not. It is essential to squeeze every penny at the grocery store because eating is a necessity and is usually one of our most significant monthly expenses. Let's begin...
If you have been keeping up with my finance blog, you know I love to budget! It gives you a sense of control when it comes to your money. I believe in doing a zero-based budget. This means your income will always equal your expenses. With this type of budgeting, you are telling your money where to go every month. I want to give you a recent example of how budgeting frees you instead of constricts you.
I have a line item on my budget for clothing. If you know me, you know I rarely use it. I am always wearing things out until I have to give it up. This month I had a coupon for DSW, and I was like I really do need some new shoes. Me being that cheap person that I am, I didn't want to buy any because I hate spending money! Then it dawned on me, Tiffany you budget for clothing every month, use it! So, I was able to buy new shoes, guilt-free. It didn't slow down my debt payoff or put me in the position to sacrifice something else. It was already in my budget! I wanted to tell this story because I hear people tell me all the time that budgeting feels like a restriction. But it is in instances like this where it actually has the opposite effect. I don't feel bad after purchases. I don't feel like I have to sacrifice one thing for another. I feel free! Budget, budget, budget!
Here are some links to help you get started:
New Year, New You? How Budgeting Can Help
Budgets, Budgets, Budgets
A couple of weeks ago, I came outside to yet another flat tire. What the heck?! It seemed like every week a tire was going flat on my car. I knew when I bought the car I would have to get new tires (that was one aspect I used to negotiate the price down), but I didn't think it would be this soon. I made my seemingly weekly trip to the gas station to fill up again, and I was on my way. Of course, that wasn't the end of it...
An odd thing happened Friday, I went to the ATM to withdraw money, and I received the message that said, "Unauthorized Use." I thought maybe I put in the wrong pin, so I swiped and tried again. I received the same prompt! What could be going on?!
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