Throughout
the holiday season, it can be easy to get swept up in the frenzy of
activity and lose sight of your finances. When you?re running
around town trying to find the perfect gift for all of your friends
and family, budget maintenance often falls low on the list of
concerns. We?ve all been through it, so here are some helpful tips
and tricks for keeping your finances on track throughout the holiday
season and beyond, from getting savvy about online discounts and
coupon codes, to setting up digital spending monitors. The strategies
aren?t that hard, it’s just a matter of getting started. Check
them out below!
the holiday season, it can be easy to get swept up in the frenzy of
activity and lose sight of your finances. When you?re running
around town trying to find the perfect gift for all of your friends
and family, budget maintenance often falls low on the list of
concerns. We?ve all been through it, so here are some helpful tips
and tricks for keeping your finances on track throughout the holiday
season and beyond, from getting savvy about online discounts and
coupon codes, to setting up digital spending monitors. The strategies
aren?t that hard, it’s just a matter of getting started. Check
them out below!
Low
Savings for Millennials
Savings for Millennials
One
of the most common problems that people experience with their
finances is overspending. Millennials in particular experience a fair
amount of difficulty when it comes to overspending and undersaving.
According to the Wall Street Journal,
while millennials were showing a willingness to save after the
recession, that is no longer the case. In comparison to a positive
rate of 13% for those 55 and older, ?Adults under age 35?the
so-called millennial generation?currently have a savings rate of
negative 2%, meaning they are burning through their assets or going
into debt.? With such a low rate of savings, it seems that
millennials would benefit from more accessible ways to save on their
regular spending habits.
of the most common problems that people experience with their
finances is overspending. Millennials in particular experience a fair
amount of difficulty when it comes to overspending and undersaving.
According to the Wall Street Journal,
while millennials were showing a willingness to save after the
recession, that is no longer the case. In comparison to a positive
rate of 13% for those 55 and older, ?Adults under age 35?the
so-called millennial generation?currently have a savings rate of
negative 2%, meaning they are burning through their assets or going
into debt.? With such a low rate of savings, it seems that
millennials would benefit from more accessible ways to save on their
regular spending habits.
TryOut Mint
The
financial tracking site, Mint is growing in popularity with more than
10 million users and counting. The web app is free to use and makes
it super easy to keep track of your spending and saving habits in
different areas of your budget. The smartphone app means you can
check your spending on the go to see how much you have available
while still staying within your established budget, or if you should
be reeling it in. The app has ample security measures as it
integrates with your accounts to ensure that none of your financial
data is lost.
financial tracking site, Mint is growing in popularity with more than
10 million users and counting. The web app is free to use and makes
it super easy to keep track of your spending and saving habits in
different areas of your budget. The smartphone app means you can
check your spending on the go to see how much you have available
while still staying within your established budget, or if you should
be reeling it in. The app has ample security measures as it
integrates with your accounts to ensure that none of your financial
data is lost.
Mint
is unique in that it lets users clearly visualize their monthly
spending habits in a clean, streamlined interface that clearly breaks
down how much you?re spending on the different areas for your life.
This lets you know if there are some areas in need of improvement,
and the areas that could benefit from a larger share of your budget.
is unique in that it lets users clearly visualize their monthly
spending habits in a clean, streamlined interface that clearly breaks
down how much you?re spending on the different areas for your life.
This lets you know if there are some areas in need of improvement,
and the areas that could benefit from a larger share of your budget.
It’s
customizable to seamlessly fit your spending habits and lifestyle.
LifeHacker explains the simplicity of the savings app,
?With such a simple overview, it’s really easy to see where you can
start trimming fat from your spending. If you find that you’re
spending a lot on coffee shops, you can go back to the Budgets tab
and add a custom budget for Coffee Shops to keep you in check.?
customizable to seamlessly fit your spending habits and lifestyle.
LifeHacker explains the simplicity of the savings app,
?With such a simple overview, it’s really easy to see where you can
start trimming fat from your spending. If you find that you’re
spending a lot on coffee shops, you can go back to the Budgets tab
and add a custom budget for Coffee Shops to keep you in check.?
Using
Digital Coupons
Digital Coupons
Once
you?ve figured out your budget through Mint, you should look for
some ways in which you can actually curb your habits. Digital coupon
sites like Ebates or Coupons.com are a great way to reduce the amount
that you spend on your day to day expenses. If you?re looking for a
new purse, you can easily find eBags coupons on a site like Ebates.com.
They regularly update the sites with new sales, exclusive coupon
codes, and digital rebate offers from your favorite retailers, so you
can spend less on the products you use every day.
you?ve figured out your budget through Mint, you should look for
some ways in which you can actually curb your habits. Digital coupon
sites like Ebates or Coupons.com are a great way to reduce the amount
that you spend on your day to day expenses. If you?re looking for a
new purse, you can easily find eBags coupons on a site like Ebates.com.
They regularly update the sites with new sales, exclusive coupon
codes, and digital rebate offers from your favorite retailers, so you
can spend less on the products you use every day.
If
you?re looking to do your Christmas shopping online, digital
coupons can get you killer savings through rebates. When you shop
through Ebates, you?ll automatically receive a percentage of your
transaction back from the sites, a sort of kickback incentive for
shopping at a particular store. After a while, these kickbacks start
to add up to significant savings. It’s like getting paid to shop!
you?re looking to do your Christmas shopping online, digital
coupons can get you killer savings through rebates. When you shop
through Ebates, you?ll automatically receive a percentage of your
transaction back from the sites, a sort of kickback incentive for
shopping at a particular store. After a while, these kickbacks start
to add up to significant savings. It’s like getting paid to shop!
Keep
Putting Money Back in Savings
Putting Money Back in Savings
Even
if you don’t have much, it’s very important that you keep putting a
little bit back each time you get paid. It may only be a little.
Perhaps only a few dollars. Ideally, you should put anywhere from 10
? 25 percent into savings, but that may be too much for your
current financial situation. This savings account should be used only
for emergencies. An accident can quickly drain your savings and max
out your credit cards.
if you don’t have much, it’s very important that you keep putting a
little bit back each time you get paid. It may only be a little.
Perhaps only a few dollars. Ideally, you should put anywhere from 10
? 25 percent into savings, but that may be too much for your
current financial situation. This savings account should be used only
for emergencies. An accident can quickly drain your savings and max
out your credit cards.
Saving
as You Spend
as You Spend
When
you actually do use a coupon
to save money, you can turn that into an actual realized savings by
depositing the amount saved into a specific bank account. So, if you
used an Ebates coupon to save $10, you would take that $10 and
deposit it. This way it turns into an actual savings, and you aren’t
tempted to spend it elsewhere. By the time Christmas rolls around,
you should have plenty of money saved to get everyone the perfect
gift without going into debt or feeling guilty.
you actually do use a coupon
to save money, you can turn that into an actual realized savings by
depositing the amount saved into a specific bank account. So, if you
used an Ebates coupon to save $10, you would take that $10 and
deposit it. This way it turns into an actual savings, and you aren’t
tempted to spend it elsewhere. By the time Christmas rolls around,
you should have plenty of money saved to get everyone the perfect
gift without going into debt or feeling guilty.
