Northern Poconos Real Estate News
Saving money is often easier said than done, but if you’re serious about bulking up your savings account, there are ways to achieve your financial goals. And while eliminating vacations, canceling your cable subscription or getting rid of your car and relying on public transportation can help you save big chunks of money, these may not be practical solutions for you and your family.
If eliminating big expenses is too difficult, take a step back and focus on cutting smaller expenses that won’t i...
Food is a major expense in any household, and for those on a tight budget, a few dollars saved can make a big difference. ChooseMyPlate.gov offers 10 tips based on planning and smart shopping to help you feed your family while keeping more money in your wallet.
1. Plan, plan, plan. Before you head to the grocery store, plan your meals for the week. Include meals like stews, casseroles or stir fries, which “stretch” expensive items into more portions. Check to see what foods you already have, an...
Saving money can be difficult, and sometimes your frame of mind can hold you back. Here are some negative thoughts to overcome:
I Don’t Make Enough Money to Save
You are more than likely wrong about this one. Sometimes it’s about writing down your numbers and determining what you can cut and save on.
Even if your children are just a few years away from starting college, it’s not too late to start a college savings account. But it’s never too early to start one, either.
Saving for college is something parents may not think about, or act on, until their child is 7 years old or so. That’s better than starting when children reach high school, but a college fund can also be started at birth or earlier.
Money in 529 plan accounts—named from a section of the federal tax code—grows tax free and i...
Expectant parents can plan ahead for a baby’s arrival by budgeting for the coming costs. Here’s a list of what to budget for that goes beyond the basics of diapers and baby clothes.
Taking Time Off
If you’re employed, check if your employer offers maternity leave to allow you to continue getting a regular paycheck. If not, ask what their leave policy is and take steps to cover your income gap. You might be able to use sick days or vacation time.
A divorce can be one of the most difficult things to go through in life. Financial mistakes after a divorce don’t have to be on that list.
Here are some money mistakes to stay away from so you can bounce back and move forward with your life:
Not Budgeting
With your income likely being cut in half after a divorce, it’s a good time to set up a budget and adjust your lifestyle.
The average American spends close to $2,400 per year on unnecessary purchases, and most people regret them after the fact. Clothes are typically the top impulse buy, followed by food and drinks, laptop computers and other big-ticket tech items, shoes and small-ticket tech like chargers or headphones.
On average, a person spends $202 per month on unnecessary purchases, which could easily be cut in half if they stopped making non-essential purchases. .
To drop unnecessary spending, deleting some...
