Monthly Archives: July 2018
Here is the list of 20 products you should buy generic:
- water
- medications
- baby formula
- milk
- sunscreen
- seasonings and spices
- meat
- frozen fruit and veggies
- canned vegetables and beans
- plastic wrap and aluminum foil…. visit for more: https://www.moneytalksnews.com/22-things-you-should-always-buy-generic/
There are downsides to ‘extreme’ personal finances. Paying off large sums in a year or two may not fix the root of the problem. Similar to the ‘extreme diet’ where you return to your regular diet eventually, an extreme budget may cause you to return to the same poor spending habits. There are practical lessons with learning to manage your personal finances.
- Budget -it’s a tool to map where you want to go
- Be disciplined
- Set financial small goals and build from there
- Celebrate success
- Revamp methods that do not work for you
- There is an app for that
Many women are not waiting for a man or marriage before they buy a home nowadays. The reasons are varied and diverse. Despite the challenges, many single women are finding ways to make homeownership a reality. In 2017, eighteen percent of homebuyers were single women at a rate that far exceeds single men. The main catalysts are higher incomes, delayed marriages, and personal satisfaction. The National Association of Realtors notes that home purchases for single women has risen for the last three years and is up from 11 percent in 1981.
https://realestate.usnews.com/real-estate/articles/the-rise-of-the-single-female-homeowner
What is the 50-30-20 rule?
You put 50% of your income toward necessities, like housing and bills.
You put 30% allocated to wants, like dining or entertainment.
You put 20% toward financial goals, like paying off debt or saving for retirement.
https://www.thebalance.com/the-50-30-20-rule-of-thumb-453922
Here are ways to avoid stressing about money and finances:
- Follow the money
- Know what you owe
- Set attainable money goals
- Celebrate every victory
- Create a few long-range goals
- Get an app for that
- Seek answers to your questions
https://www.moneytalksnews.com/stresssing-over-money-heres-how-to-stop/
If you want all three (free) credit reports from:
- Transunion
- Experion
- Equifax
visit: www.annualcreditreport.com
The Dollar Store has loads of things you can buy at a bargain and will save you money all year round. I have tried many of these items myself:
- Greeting cards
- Party supplies
- Notebooks
- Gift bags, boxes, wrapping paper, and balloons
- storage containers
- Seasonal decor
- Reading glasses
- Hair accessories
- Pregnancy tests
- Tote bags
- Visit: https://www.moneytalksnews.com/slideshows/21-things-you-should-always-buy-at-a-dollar-store/
Centuries ago if you didn’t pay your debts, you were sent to debtors prison. In 1833, debtors prison was outlawed in the United States. Recently, nineteen states have passed laws to suspend professional licenses of teachers, therapists, nurses, lawyers, firefighters, psychologists, barbers, and real estate brokers etc. Subsequently, when the professional or drivers licenses are suspended, it is impossible to work or drive. Senator Rubio of Florida and Senator Warren of Massachusetts have sought to pass laws to overturn these laws. Hawaii and Iowa have not enforced their laws. Tennessee and Georgia have. As debt levels rise, creditors are taking increasingly tough actions to chase people who fall behind on student loans. Going after professional licenses stands out as especially punitive. In extreme cases, you can file bankruptcy on student loans. If you are unable to repay your student debt, take action today by contacting your creditor and arrange to have your payments reduced if necessary or seek assistance from legal counsel. Student loans cannot be forgiven if you have a history of not making payment or making late payments.
https://www.nytimes.com/2017/11/18/business/student-loans-licenses.html
July is a great time for a summer vacation. However, you need to decide if you will go away for a weekend, a week, or stay at home to rest and save money at the same time. Traveling out of town on vacation takes planning ahead to save. A weekend may be better depending where you travel to and how much you spend. Staying home and taking day trips may be the best to save on hotel costs. Decide what your budget is going to be and then select what you are going to do. There are great internet deals and local attractions as well. Enjoy!