Fall seems to come around faster and faster every year, just as thoughts of how much of an expensive time of year it is for your household. New clothes, bulk buying for the holidays and even unexpected costs such as fines or a new car can soon put your household budget out of sync.
You might be faced with the same old saga each and every year, seeing you out of pocket even before September ends. However, this need not be the case this year!
What if you could turn over a new financial leaf and be sure to remain in pocket – ready for anything that 2018 will throw your way? Here are some surprisingly easy ideas to get your finances in order this fall.
Check the sales.
As Christmas and Thanksgiving loom on the horizon, it can be easy to feel overwhelmed knowing that your bank balance is going to take a large hit at the end of the year. It is also the time of your for some of the best sales to take advantage of. It just takes a little planning and coordination.
Take time to be a savvy shopper and prioritize your spending dependent on local sales.
Now is the time of year to replace your domestic goods, stock up on Christmas presents and replace any large goods in your household. Keep an eye out to see what’s on offer – you’re bound to bag a bargain on that much needed purchase, whether it be a new dishwasher, entertainment system or car.
Get your expenses in order.
Do you feel like your revolving expenses are seriously out of sync?
Take time to draw up a spreadsheet for your household and get those expenses in check. Eliminate anything that is not an absolute necessity or that you know you can do without. This will free up income for some of those purchases in cash, rather than credit – decreasing not only your monthly expenses, but your credit carrying costs as well.
Why not see how much you spend on your weekly shopping, and look to local farmers markets for fruit and vegetables. Don’t underestimate your local dollar store too, you can pick up some great bargains if you’re prepared to rummage, experiment and use initiative.
Do keep an eye out for any supermarket offers and be thrifty with coupons and sales – it’s always good to stock up for the holidays on certain luxury goods such as alcohol, and necessary kitchen essentials.
It’s also good to plan meals ahead, buy produce in season and freeze where you can. One of my favorite budget meal purchases is a roasted chicken sold in most delis. I kid you not – by buying two chickens and the remaining ingredients necessary, you can feed a family of four for five days on less than $15 in roasted chicken.
You may want to review how much you are spending on insurance too, as this can soon mount up. Check exactly what you’re covered for and don’t be afraid to question any add-ons or premiums that you aren’t sure of.
Car insurance is a good place to start, especially if you’ve recently been in an accident. Perhaps you are a little more flush at the end of every month and well able to absorb a larger deductible in the case of an accident. This can save you money in the long run.
Do check what you are entitled to if you’ve been recently affected by an auto accident and find out more here: https://www.craigswapp.com/awards-and-settlements/
Budgets are key.
Budgets aren’t boring.
In fact, they’re a valuable tool – both financially and organizationally.
Having taken some of these actions ourselves, I can’t describe the lovely feeling we had replacing our old television and broken dishwasher with new ones on sale in cash – and we’ve managed to save toward our RRSP as well.
If you’d asked us four years ago, we’d have said this was a pipe dream.