Unless you have planned for it, are very organized and disciplined, a trip to Las Vegas could be one of the worst things you can do to your budget. I am one of the few lucky one(or maybe smart is the right word) that planned for this trip, almost to the penny. That is, despite…
Author: budgetsense
Adjusting your Lifestyle or Adjusting your Budget?
When something dramatic changes in your life, how do you respond? do you change your lifestyle around it or do you change your budget instead? For example, given the sharp increase in the price of gas in the last few weeks, do you go back to your budget and increase the amount allocated for gas?…
7 Advantages of Using a Personal Budget
Discover the undeniable reasons why having a budget is essential for managing your personal finances. A budget provides a clear overview of your income, expenses, and remaining funds, empowering you to make informed decisions. It ensures financial freedom by allocating funds to different categories, preventing overspending in one area and leaving nothing for others. Additionally, a budget helps eliminate debt, reduces stress, and enables you to assess and improve your financial situation.
Selling and Making the most out of your Textbooks
As current or former students, we all know what a fortune it costs to buy textbooks. Sometimes in the thousands of dollars per semester. Given students’ limited income, this can be quiet tough for most students to afford, and can shred your budget to pieces! Having said that, there is something you could do with your…
Carrying Larger Bills could help you Save Money
Before, it was about common sense and conventional wisdom. Now, it is has been proven through real research. According to a study published in the Journal of Consumer Research, shoppers are less likely to spend their money if they are carrying cash in large denominations. There is even a name for this social phenomenon: ‘denomination…
A Faster Approach to Paying off your Credit Card debt
When it comes to eliminating your credit card debt, paying the minimum payments will only mean that you are covering what is necessary to ensure a good standing order with your card issuer. But that is about it. You are not getting ahead in terms of paying off the remaining balance on your credit card….
Want to make that big purchase so bad? Then start planning last year!
Like everyone else, I occasionally see something I really like and want to get it that moment. Problem is, it may not be anything I can easily afford. It could be something big, say a nice car, a new electronic gadget, computer etc. Call it ‘instant gratification on steroids!’ Unless I have a lot of…
Are Canadians Sleepwalking Into a Financial Crisis? A Wake-Up Call on Credit Card Interest Rates
A recent CGA-Canada survey revealed that more than half of the respondents had no idea how much interest they were paying on their credit card balances, with many mistakenly believing it to be around 3-4%, similar to the prime rate. This is a startling revelation. While not everyone may know the exact percentage, it’s concerning…
Book Review “75 Ways to Save Gas” by Jim Davidson
As gas prices continue to rise, the more we find ourselves searching for ways to save money at the pump. Unless you have an endless supply of cash or a car that runs on futuristic solar energy, saving on gas is a necessity. There are countless websites offering tips on how to save gas and…
Replacing Your Car? Here’s Why Fuel Efficiency Matters More Than Ever
Oil is in an ever-declining supply, and as a result, gas prices will only go up. So why do we wait for hurricanes, Middle East unrest, or other unforeseen events to realize that gas is too expensive and we just can’t afford it anymore? It’s time to face the reality: the general future trend for…