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vaugarde · 1 year
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themoneybuff-blog · 5 years
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A Loan Won't Solve Your Money Woes If You Don't Fix These 10 Issues First
Sometimes even the best-prepared households get knocked sideways, financially speaking. Illness, unemployment, divorce, a car accident that triggers a lawsuit these and other situations can quickly put a hurt on the budget. In such times a personal loan or one of several types of home equity loans can provide a little breathing room until you rebuild your finances. As noted, money woes are sometimes the result of plain old bad luck (illness, job loss). However, sometimes were our own worst enemies: We buy too much, we save too little, we plan not at all. You cant get ahead that way. And you cant keep borrowing your way out of trouble. A loan wont help you unless you fix the following issues. 1. Not having a budget The simplest way to wind up in debt is to spend without thinking. Stop, then, and think for a moment about what you would like to have happen five years from now: buying a home, starting a business, getting married, traveling? When you create a budget, youre not just allocating your dollars youre enabling your dreams. An easy way to do it is the 50/30/20 budget: Spend no more than 50% of your take-home pay on essentials, 30% on wants, and 20% on saving (including retirement planning and an emergency fund). Plenty of budgeting apps exist as well (some are even free). 2. Not tracking spending You cant plug budget leaks unless you know where they are. Track your spending for a month, using pen and paper or a budgeting app. The cumulative effect could be eye-opening. For example, a relatives ex-husband was shocked shocked! to realize that spending $8 a day on fast food added up to $240 a month. His wife had made more money than he did, and their commingled finances made it easy for him to swipe a card and think no more of it. Heres hoping that your own habits arent quite that clueless. But even those of us who think were doing pretty well could be surprised by the cumulative impact of certain habits: beef jerky and a soda every time we pay for gasoline, daily iTunes downloads, $20 a week on scratch tickets. Add up the opportunity cost of those non-essentials, and ask yourself if you could do better. (Spoiler alert: You probably can.) 3. Keeping up with the Joneses Just because next-door neighbor bought the priciest riding mower on the market doesnt mean you have to ditch your trusty Snapper. When your coworker talks about all the activities her kid participates in, you dont have to sign your own tots up for horseback riding and soccer camp. You should not let other people determine your clothing, dcor, automobile, or anything else. Its no ones business that you bought a fixer-upper, that you drive your car until the wheels fall off, that your idea of nightlife is to read a new library book once the kids are in bed. Remember: The Joneses may be up to their hairlines in debt. They might be focused on keeping up, too with the minimum payments, that is. 4. Wanting your kids to have things you didnt Theres nothing wrong with this! Except when there is. Obviously you want your children to be well-fed, reasonably well-dressed, and housed comfortably. You might also want to give them treats and opportunities you never had, such as vacation trips, a big allowance, loads of extracurricular activities, and fully funded education plans. But dont let this noble impulse bust your budget. Just because your kid wants snowboarding lessons, a new smartphone every year, and a car of their own at age 16 doesnt mean you have to give these things. Staying out of debt and funding your retirement should take precedence over granting every whim. At the very least they should have some skin in the game: doing additional chores to help save up for a big-ticket item, say, or mowing lawns or babysitting for extra pocket money. Besides, we arent doing our kids any favors when we give them everything they want. Setting the bar too high now could mean setting them up for problems later on. Specifically, when they move out on their own theyll want to keep living in the style to which we have accustomed them and if their salaries dont allow for that, theyll wind up in debt. 5. Automatic upgrades Whats wrong with your old smartphone or car or whatever? If you bought it relatively recently and it still works, whats with the rush to replace? If you get the newest phone as soon as it comes out, or trade in your vehicle every few years, or replace anything else before it really needs replacing, ask yourself why. Because your co-workers do? Because some commercial made you want a new car? Because you dont know why, but you really, really want to anyway? Think about the opportunity cost of that cash. Then think about the way you want to live, and whether or not you want other people making decisions about your money. 6. Shopping mindlessly If you dont need anything, stay out of the mall. Going shopping with friends puts you in a position to find something you suddenly cant live without, or something that looks so cute on you or would be so cool in your house or so useful in the garage. Except that you were doing just fine without that item until you saw it. Ditto online shopping: Dont cruise your favorite retailers websites unless you have a specific reason to do so. Better yet, undo the one-click function and remove stored credit card info from all sites where youve shopped in the past. Bonus frugal points if you change your online passwords to something that has personal significance, such as WeDDingDAy8192020, or 19YEarsLEftonMORTgage, or EARLYretire2028 these little reminders of where your dollars could be going instead might help you from overbuying. 7. Always buying retail Why automatically pay full price? Instead of heading straight to the shopping center when you need (or want) something, consider these options instead: Thrift shops: Some are junky, but others are great. Its like a treasure hunt. (Pro tip: Find out if there are senior discounts or other special deals. For example, a secondhand store my daughter likes offers 50 percent off every Monday.)Consignment stores: Like thrift shops, except theyre more discriminating about whats accepted.Flash sales: While online shopping should be approached with caution, sometimes a sale really is too good to pass up. Hold yourself to limits, though: Just because those slacks are a great deal doesnt mean you need to buy a pair in every color.OfferUp, LetGo, Craigslist: Sometimes people want (or need) to get rid of furniture, tools, bikes or automobiles without the hassle of a yard sale. Caution is required, but you can get some darned good deals this way.Newspaper classified ads: Yes, really. A guy I know recently bought a pickup truck (necessary for his job) from a newspaper ad, spending many thousands less than he would have paid at a dealership.Freecyle: You might be surprised at whats being given away, no strings attached. Ive seen beautiful furniture, clothing, bicycles, toys, books, and other useful stuff offered up.Yard sales: Another treasure hunt. Ive seen items still in the shrink-wrap at these sales. Its a great place to buy baby stuff, including newborn-sized clothing that seems never to have been worn.Buy Nothing Facebook groups: Last month my partner and I just picked up an almost-new Weber grill. Some of the other things Ive seen lately: baby stuff, solid wood table, sewing machine, board games, computer desk, cookware, and tons of childrens clothes. All of it is free.8. Overdoing it on special occasions Are holidays and birthdays completely over the top? Maybe its time to tone it down. When they become extravaganzas of gift-giving, we cheapen the meaning and also set the bar higher and higher. A kid who gets tons of presents is unlikely to appreciate each one fully and more to the point, he develops a sense of entitlement. As for birthday parties, when did they start resembling mini-coronations? Even one-year-olds are having party rooms reserved, decorations put up, and gift registries established. Really? Think of all the money thats spent and quickly forgotten. Now think what those dollars could have done for a childs education fund or your own retirement. Celebrate joyously, but celebrate sensibly. 9. Overbuying for grandchildren While waiting in line at a crafts store, I met a woman who developed the bad habit of having small gifts waiting for her granddaughters whenever they visited and they visited a lot. The woman was fretting visibly as she looked over the items in the stores dollar section. What do you buy for someone who already has everything? she asked me. After hearing her story, I felt very sad not just for her but also for the kids. A visit to grandmas house had become an exercise in acquisition. The first thing they do upon crossing the threshold is to ask what theyre getting. (Does anyone else find that quite sad?) Expectations are made, not born. If youve gotten into the habit of treats and more treats, scale back. Replace them with activities and gifts of time. The kids who are used to getting stuff will gradually become used to not getting stuff and when occasionally you do treat them, it will mean a lot more. Again, the money you save could go toward their education funds or toward shoring up your own budget. You cant finance retirement. 10. Giving more than you can afford Charity is a noble impulse. But giving to the American Red Cross or the Society for the Prevention of Cruelty to Animals should be done after youve taken care of business. Specifically, after youve built an emergency fund, started saving for retirement, and taken care of any consumer debt. Put on your own oxygen mask first, financially speaking. Award-winning journalist and veteran personal finance writerDonna Freedmanis the author of Your Playbook for Tough Times: Living Large on Small Change, for the Short Term or the Long Haul and Your Playbook for Tough Times, Vol. 2: Needs AND Wants Edition. Read more: https://www.thesimpledollar.com/loans/blog/a-loan-wont-solve-your-money-woes-if-you-dont-fix-these-10-financial-issues-first/
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Kalona Iowa Cheap car insurance quotes zip 52247
"Kalona Iowa Cheap car insurance quotes zip 52247
Kalona Iowa Cheap car insurance quotes zip 52247
BEST ANSWER:  Try this site where you can compare quotes: : http://salecarinsurance.xyz/index.html?src=tumblr 
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Kalona Iowa Cheap car insurance quotes zip 52247
Kalona Iowa Cheap car insurance quotes zip 52247
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Kalona Iowa Cheap car insurance quotes zip 52247
Kalona Iowa Cheap car insurance quotes zip 52247
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Which insurance company is best for two wheeler insurance?
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18 year old new driver? Best/cheapest insurance companies?(uk)?
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which will have cheaper insurance, is faster, can be modified more""
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When I turned 21, I got taken off my parents' health insurance. I did not have a job at the time, and could not afford to buy insurance on my own, so I was forced to go without it. Well, I became very sick and was hospitalized for 4 days with food poisoning. The hospital bills total around $50,000, and I was denied Medicaid because I was paying $1400 a month in rent (money I accumulated through prostitution, if you want the truth), and the hospital's social worker felt if I could afford $1400/month in rent, I could afford the hospital bills. Friends of mine at the time were really hard on my parents, especially my mom, saying what kind of a lousy mother would let her son go without health insurance? No editorial comment from me. I'm just curious what other people think. Do I have lousy parents because they let me go without health insurance?""
HOW MUCH can my insurance rate rise up after hitting another car? backing up i hit the front right bumper/ligh
I live in California and I have full coverage on my vehicle currently I am 26yrs old and have about 6 yrs with my Dirvers license and NO accidents or tickets on my record. BUT a lot of people mention that my insurance rates will go really high whn an accident happens. I hit the car behind me it donsnt seem to me a a major accident, but a small one. I need help just an advise to know what to expect, please!! maybe in an expert can advise.or other personal experience by someone?""
Flat insurance costs?
How much is flat insurance on average in the UK?
What are you paying for ur car insurance?
I just bought a brand new 2010 EXL V6 honda accord , i went to my current auto insurance for a quote and with my husband's ticket record and accident..our age..location ( Central cali), price of the car ($31,000)...its going to be 215 a month. What do you think of the preimums?""
Car Insurance Companies + Excluding Drivers?
My brother and I are trying to get insurance for our two cars but are having a problem with one of the cars. My uncle gave me my car but we never dealt with switching over the title of the car. Most of the major insurance companies require that the cars be under the name of one of us. We have found some smaller companies that do an exclusion to deal with the problem but the rates are higher. Does any body know of any major company that allows this to happen? Thanks for the help.
""Where can I find affordable health insurance in Tucson, AZ?""
Anyone have any suggestions on inexpensive healthcare. I am disabled and we survive on my wife's income. Our current health insurance premiums are $1150.00 per month (it goes up about $150 per year). We are at our breaking point because we are soon going to have to decide what to cut from our budget (the house, food or health insurance). Because I am disabled no one will insure me. The insurance we have now we had before I became disabled so they can't kick me out. I'm afraid that if we don't have insurance something could happen to me, my wife or kids that would require a hospital visit and could run in the thousands or tens of thousands. I don't want to have to go bankrupt because I couldn't afford to have coverage. I had a stay in the hospital two years ago and the total bill was $60,000.00. the insurance covered all but $3000.00. If anyone has any suggestions I would appreciate it.""
Where can I find affordable health insurance?
Where can I find affordable health insurance without a deductible that makes it pointless to have insurance? We live in Nampa Idaho. We are on a tight budget but I can probably make room for a couple hundred dollars. I would need family coverage for myself, husband and 2 year old daughter. I have tried looking around online and all of the insurance plans are about $400+ a month and still have a deductible of $2500+ per person. I have looked into welfare and their income limit is $317 a month, and they have no options for paying a monthly premium for people that can't afford the other plans. I just wanted to see if anybody had any recommendations for something that might be a little affordable. We have chronic health conditions so we do tend to use a lot of medical services.""
Is it illegal to not have car insurance?
and if it's not illegal, what am i getting confused with?! i always thought it was illegal....? my friend is getting his car and he said it's a crappy car so there isn't any need to insure it. ???""
How much would my car insurance be?
I'm looking to buy another car. I would really like a BMW or a VW, years like 1996 to 2004. I'm thinking like a 3 series BMW or a passat or jetta. I know these are typically nicer cars thus insurance would be higher, though some people claim they're cheaper because they're more safe. Anyway, how high are we talking here? I don't need an exact number but a decent estimate would really help so I don't buy a nice car and find out I can't afford the insurance. I'm an 18 year old guy, I have NO tickets of any sort, no accidents, I commute about 20 miles to college, iv been licensed for over a year, I took drivers education. I'm under my own name not my parents so my insurance is astronomical cause I'm an 18 year old guy. Please help.""
Who offers parked car insurance?
My husband is deployed with the Army and I went to stay with family out of state while he is gone. We left his car at our duty station and we still owe on it. Progressive does not offer parked car insurance and I do not want to pay full price when neither of us are going to be anywhere near the car for a year. Are there any companys that offer parked car insurance or is there anything else I can do until we pay it off?
Will filing a claim for broken car window raise my insurance payments?
I woke up to a broken driver side window this morning and the first thing i do is call my insurance to ask if its covered. My insurance said it would cost 350 bucks to fix it and i have a 500 deductable so i gta pay out of pocket anyway. He scheduled an appointment for me to get it fixed at a local shop. Is this claim going to affect my rates?
How much does insurance cost for your first car?
How much does insurance cost for your first car?
How to find Affordable Care Insurance for Multiple Sclerosis in Indiana?
How do you find a affordable insurance plan when spouse has multiple sclerosis? I can't get any information. I see that people say they got a good plan, but I can't find any for us. How do you stop the harassing phone calls after you try to see plans? Please help, thank you.""
Why the heck is insurance so high?
So I'm 17 trying to get insured on any car from a 1-1.2L DIESEL. I've tried practically everything and it's so expensive. I get quoted 15,000 for a MINI COOPER S and 12,000 for a corsa. The area I live in insurance is low. I passed in july and I really need a car. Any suggestions for cars or insurance?""
""Volkswagen GTI owners, how much do you pay for insurance?""
I am doing a project and I need to get 3 auto insurance quotes. It's due tomorrow, if it's not too much trouble could anybody get me 3 quotes? This is the specifics: 2008 (White) Volkswagen GTI 2-Door Hatchback 46,000 miles 2 Wheel Drive Automatic Help would be much abliged, thank you.""
What is the cheapest online car insurance where no deposit is paid? Morethan is no good. (UK)?
What is the cheapest online car insurance where no deposit is paid? Morethan is no good. (UK)?
Kalona Iowa Cheap car insurance quotes zip 52247
Kalona Iowa Cheap car insurance quotes zip 52247
How much is insurance for a 2008 Nissan GTR?
I want to buy a 2008 GTR but I want to now how much car insurance would cost before I buy it. Ive hear that it costs A LOT per year.
Disadvantages of having free healthcare insurance?
like costco wholesales helping non employees on health insurance coverage
Can somebody find me a really cheap insurance company that would cover for like everything?
I need to find an insurance company offers really low price plans that cover as many things as possible, becos we can't spend too much money but I need to find my mom an affordable insurance plan...help, i dun know where to find it.""
Does car insurance cover only one car per policy?
Like, if I had many cars, would the policy cover all those cars for one fee or would I have to get insurance for each car? I feel like each policy only covers one car but I'm not for sure which is why I'm here. And if there is such a car insurance that covers x amount of cars for one fee, let me know. Thanks for taking the time to answer this.""
Car insurance cost for a young driver?
My son is nearly 19 years old and having driving lessons. I am worried about the cost of car insurance for him. I have heard if he goes on my insurance it would be a lot cheaper. I have been driving around 10 years now with a clear licence, so my insurance is quite low at the moment. I was wondering if he were to go on my policy how much extra it would cost me if I were to protect my no claims?""
Can i get insurance with a permit?
i am getting my learners permit tom ,can i get insurance to .i am 16 years old""
Is car insurance for a second driver over 25 years of age free in Canada?
My girlfriend will be getting a car soon, and will be buying an insurance policy. I am 25 years old and have been driving for around 8 years. Do I need to purchase a second insurance policy to be able to drive that same car?""
Car insurance quotes: What is car trim?
I'm trying to get some car insurance quotes in which one of the questions is asking for the trim of the car, with the options E Match or S Help?""
Can I alter a car insurance quote after just a few months having paid an annual premium?
I have a provisional license and I receive my first car in a few days. I want to get insured to drive it and I've entered that I only have a provisional license on the quote. I want to pay an annual premium to get the best deal, however I'm going to have a full UK license in just a few months time. I'm happy to stick with the same insurers for the next year, but can I alter a quote after a few months having paid an annual premium?""
How can the cost of health insurance decrease a company's income?
so, a company helps pay off people's premiums by paying off a certain percentage. but the insurance cost is rising, so the amount the company pays off for employees is also rising. well, other than the fact that insurance rates exceeding income rates affect a company's income (because of premiums etc), what other evidence can support the fact that health insurance decreases a companys income?""
Do they take your plates from car if you dont pay insurance?
Do they take your plates from car if you dont pay insurance?
What if auto insurance does not fully cover property damages?
If an insurance company is asking for extra money for the driver at fault because the property damages did not cover all fees and the at fault driver does not have a job or any income what will the consequences be? (If you are bothered by this question or do not agree, please do not answer and move on thank you!)""
List of cheap auto insurance in Georgia $40-$50 a month?
cheap auto insurance in Georgia .looking for where I can pay btw $40-$50 a month
Will we be covered by insurance when driving to get a new car?
I have bought a new (second hand!) car and will be going to get it today. Not having changed my car before, I have a question. Just before we go to pick up the new car, we will be changing our insurance in town from our old car to the new car. If I change my insurance to the new car, how can I then drive my old car as it will be uninsured? We will need the old car to drive a few miles outside town to get the new car! Is there a special way that this has to be done so that the the old car is still temporarily covered? We will be going to get the new car immediately after sorting the insurance. Please give as much details as possible of what I have to do.""
Health Insurance - Early Retirees?
Does anyone buy their own health insurance? What is the rate usually for a 62 yr old individual plan? I have gotten 227/mo to as high as 969/mo. How to know if its a scam, too good to be true or a rip off? Thanks for helping. Is Aetna real? I rec'd calls from a broker underwriting with Aetna and worry that those prices of 227/mo were so affordable it must be a scam right? I would love to know what a normal price per month for health insurance is, with no employer involved, however earns too much to qualify for affordable coverage. This is NYS if that matters.""
Do libs honestly believe that car insurance is analogous to health insurance?
Beware of these guys; they are dangerous... In my state alone you don't have to buy car insurance if you can post a bond or if you have a fleet of cars i.e. if you can SHOW YOU HAVE THE ABILITY TO PAY FOR any damage you cause with your car. If I can pay for my own health care, why would I buy health insurance?""
Which car insruance company have you found to be the cheapest/best?
I am looking for cheap and reliable car insurance. I want a good company who has good customer service. Had any bad experiences with some? Let me know!
I am on permanent worker's comp disability. How can I get health insurance?
Because I have been disabled for over 6 months now, my health insurance went to Cobra, and my rate per month went from 82.00 to 390.00 per month. I'm only being paid 435.00 per week in benefits. Anyone know where I can get insured for less? I tried Obama care, and any policy is more than what I'm paying now. What the.....? I thought is was called the affordable health care act!""
Is someone else covered under my car insurance to drive MY car?
A guy I'm dating will ask to use my car from time to time because he has trouble with his, but I'm hesitant because even though he has his own car and own car insurance, I don't think he's covered under my insurance to drive MY car. Does anyone know exactly how this works??? I have Nationwide, if that makes a difference............""
""Just got my drivers license, what's next? how do I get insurance? where do I go?
I'm 19 and I finally got my drivers license :P but I don't have a car. but I need insurance 1. How do I get insurance? 2. Where do I go for Insurance? 3.What do I have to take with me? I need to get a car so... 4. How much down payment do you think is good? like would 1000 do it ? I dont have money. :| 5.can I get loans? or should I get loans? Thanks 4 helping ;)
How does the age of a car factor into the cost of car insurance?
Obviously there is more than one factor that influences the cost of car insurance. I know that when a car is newer, it usually costs more to insure than a car that is older. For example, a 2009 Chevy Impala is more expensive to insure than a 1983 VW. But, suppose I bought a vehicle like a 1957 Lincoln, 1955 GMC, or a 1956 Plymouth (or some other car from that time period)? If it wasnt something that people easily recognize like more popular cars from that time period, would it cost less to insure? (They arent as recognizable or popular, in the sense that if one was driving a 1957 Chevy, or a 1959 Cadillac or a Thunderbird, most people would instantly know what it was, but if I drove a 1957 Lincoln or a 1955 GMC, most people wouldnt immediately know what it was.)""
I need help with Car Insurance... Please!?
I am a 17 year old male in the UK and have just passed my test on september 2012. I cannot get insured anywhere because they are all charging me at least 500 pound a month to be insured on my mams car (Corsa SXI 2002), i cannot afford this... obviously. I have tried almost every car insurance site and i cannot seem to find any cheaper than 500 pound a month! It is very frustrating because i am a very sensible driver. I need some help!!! Is there any cheap cars that i can buy that will make the insurance cheaper? Can you recommend any cheap or used cars that have cheap insurance for young drivers? Can you recommend any good insurance sites for young drivers? Please any help will do!!! Thank you""
Penatlies for lasped car insrance?
Im having problems with my bills and my car insurance payment is due. I want have the money until I get paid in the next couple weeks. what should I do, and if my insurance lapse what are the pentalies for reinstating my coverage??""
Car insurance help needed?
I'm 16 and a male and I need to find out how much insurance would cost on a 2000 Monte Carlo SS. I heard that pod grade help so I have roughly a 3.3 GPA in HS
How does car insurance repair the accident?
I mean we all know that whoever faults at accident gonna pay for repairs from their insurance. However my questions is what if I buy used car that have little damages on it. As I drive on road, maybe a month later somebody cause accident to my car and police rule out it's their fault. So how can their insurance pay for my car repair from new accident if I already have damages on my car before I buy them? According to a law, once accident happened the insurance only pay for repair from new damages not from old damages. It's insurance fraud if they pay for whole repair that is not part of their causes. Example: I buy a car with rear bumper damages, just little paints and dents on rear bumper. When the accident happen, it cause rear bumper to fall off and it needed new bumper, how can insurance pay for new bumper if some of it was already damages when I buy those car? They might write off but if car is value at 10K and cost repair is 800 dollars then it cheaper to fix but how? How without insurance fraud?""
Kalona Iowa Cheap car insurance quotes zip 52247
Kalona Iowa Cheap car insurance quotes zip 52247
https://www.linkedin.com/pulse/how-much-can-you-lie-while-obtaining-new-auto-james-coleman/"
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themoneybuff-blog · 5 years
Text
A Loan Won't Solve Your Money Woes If You Don't Fix These 10 Issues First
Sometimes even the best-prepared households get knocked sideways, financially speaking. Illness, unemployment, divorce, a car accident that triggers a lawsuit these and other situations can quickly put a hurt on the budget. In such times a personal loan or one of several types of home equity loans can provide a little breathing room until you rebuild your finances. As noted, money woes are sometimes the result of plain old bad luck (illness, job loss). However, sometimes were our own worst enemies: We buy too much, we save too little, we plan not at all. You cant get ahead that way. And you cant keep borrowing your way out of trouble. A loan wont help you unless you fix the following issues. 1. Not having a budget The simplest way to wind up in debt is to spend without thinking. Stop, then, and think for a moment about what you would like to have happen five years from now: buying a home, starting a business, getting married, traveling? When you create a budget, youre not just allocating your dollars youre enabling your dreams. An easy way to do it is the 50/30/20 budget: Spend no more than 50% of your take-home pay on essentials, 30% on wants, and 20% on saving (including retirement planning and an emergency fund). Plenty of budgeting apps exist as well (some are even free). 2. Not tracking spending You cant plug budget leaks unless you know where they are. Track your spending for a month, using pen and paper or a budgeting app. The cumulative effect could be eye-opening. For example, a relatives ex-husband was shocked shocked! to realize that spending $8 a day on fast food added up to $240 a month. His wife had made more money than he did, and their commingled finances made it easy for him to swipe a card and think no more of it. Heres hoping that your own habits arent quite that clueless. But even those of us who think were doing pretty well could be surprised by the cumulative impact of certain habits: beef jerky and a soda every time we pay for gasoline, daily iTunes downloads, $20 a week on scratch tickets. Add up the opportunity cost of those non-essentials, and ask yourself if you could do better. (Spoiler alert: You probably can.) 3. Keeping up with the Joneses Just because next-door neighbor bought the priciest riding mower on the market doesnt mean you have to ditch your trusty Snapper. When your coworker talks about all the activities her kid participates in, you dont have to sign your own tots up for horseback riding and soccer camp. You should not let other people determine your clothing, dcor, automobile, or anything else. Its no ones business that you bought a fixer-upper, that you drive your car until the wheels fall off, that your idea of nightlife is to read a new library book once the kids are in bed. Remember: The Joneses may be up to their hairlines in debt. They might be focused on keeping up, too with the minimum payments, that is. 4. Wanting your kids to have things you didnt Theres nothing wrong with this! Except when there is. Obviously you want your children to be well-fed, reasonably well-dressed, and housed comfortably. You might also want to give them treats and opportunities you never had, such as vacation trips, a big allowance, loads of extracurricular activities, and fully funded education plans. But dont let this noble impulse bust your budget. Just because your kid wants snowboarding lessons, a new smartphone every year, and a car of their own at age 16 doesnt mean you have to give these things. Staying out of debt and funding your retirement should take precedence over granting every whim. At the very least they should have some skin in the game: doing additional chores to help save up for a big-ticket item, say, or mowing lawns or babysitting for extra pocket money. Besides, we arent doing our kids any favors when we give them everything they want. Setting the bar too high now could mean setting them up for problems later on. Specifically, when they move out on their own theyll want to keep living in the style to which we have accustomed them and if their salaries dont allow for that, theyll wind up in debt. 5. Automatic upgrades Whats wrong with your old smartphone or car or whatever? If you bought it relatively recently and it still works, whats with the rush to replace? If you get the newest phone as soon as it comes out, or trade in your vehicle every few years, or replace anything else before it really needs replacing, ask yourself why. Because your co-workers do? Because some commercial made you want a new car? Because you dont know why, but you really, really want to anyway? Think about the opportunity cost of that cash. Then think about the way you want to live, and whether or not you want other people making decisions about your money. 6. Shopping mindlessly If you dont need anything, stay out of the mall. Going shopping with friends puts you in a position to find something you suddenly cant live without, or something that looks so cute on you or would be so cool in your house or so useful in the garage. Except that you were doing just fine without that item until you saw it. Ditto online shopping: Dont cruise your favorite retailers websites unless you have a specific reason to do so. Better yet, undo the one-click function and remove stored credit card info from all sites where youve shopped in the past. Bonus frugal points if you change your online passwords to something that has personal significance, such as WeDDingDAy8192020, or 19YEarsLEftonMORTgage, or EARLYretire2028 these little reminders of where your dollars could be going instead might help you from overbuying. 7. Always buying retail Why automatically pay full price? Instead of heading straight to the shopping center when you need (or want) something, consider these options instead: Thrift shops: Some are junky, but others are great. Its like a treasure hunt. (Pro tip: Find out if there are senior discounts or other special deals. For example, a secondhand store my daughter likes offers 50 percent off every Monday.)Consignment stores: Like thrift shops, except theyre more discriminating about whats accepted.Flash sales: While online shopping should be approached with caution, sometimes a sale really is too good to pass up. Hold yourself to limits, though: Just because those slacks are a great deal doesnt mean you need to buy a pair in every color.OfferUp, LetGo, Craigslist: Sometimes people want (or need) to get rid of furniture, tools, bikes or automobiles without the hassle of a yard sale. Caution is required, but you can get some darned good deals this way.Newspaper classified ads: Yes, really. A guy I know recently bought a pickup truck (necessary for his job) from a newspaper ad, spending many thousands less than he would have paid at a dealership.Freecyle: You might be surprised at whats being given away, no strings attached. Ive seen beautiful furniture, clothing, bicycles, toys, books, and other useful stuff offered up.Yard sales: Another treasure hunt. Ive seen items still in the shrink-wrap at these sales. Its a great place to buy baby stuff, including newborn-sized clothing that seems never to have been worn.Buy Nothing Facebook groups: Last month my partner and I just picked up an almost-new Weber grill. Some of the other things Ive seen lately: baby stuff, solid wood table, sewing machine, board games, computer desk, cookware, and tons of childrens clothes. All of it is free.8. Overdoing it on special occasions Are holidays and birthdays completely over the top? Maybe its time to tone it down. When they become extravaganzas of gift-giving, we cheapen the meaning and also set the bar higher and higher. A kid who gets tons of presents is unlikely to appreciate each one fully and more to the point, he develops a sense of entitlement. As for birthday parties, when did they start resembling mini-coronations? Even one-year-olds are having party rooms reserved, decorations put up, and gift registries established. Really? Think of all the money thats spent and quickly forgotten. Now think what those dollars could have done for a childs education fund or your own retirement. Celebrate joyously, but celebrate sensibly. 9. Overbuying for grandchildren While waiting in line at a crafts store, I met a woman who developed the bad habit of having small gifts waiting for her granddaughters whenever they visited and they visited a lot. The woman was fretting visibly as she looked over the items in the stores dollar section. What do you buy for someone who already has everything? she asked me. After hearing her story, I felt very sad not just for her but also for the kids. A visit to grandmas house had become an exercise in acquisition. The first thing they do upon crossing the threshold is to ask what theyre getting. (Does anyone else find that quite sad?) Expectations are made, not born. If youve gotten into the habit of treats and more treats, scale back. Replace them with activities and gifts of time. The kids who are used to getting stuff will gradually become used to not getting stuff and when occasionally you do treat them, it will mean a lot more. Again, the money you save could go toward their education funds or toward shoring up your own budget. You cant finance retirement. 10. Giving more than you can afford Charity is a noble impulse. But giving to the American Red Cross or the Society for the Prevention of Cruelty to Animals should be done after youve taken care of business. Specifically, after youve built an emergency fund, started saving for retirement, and taken care of any consumer debt. Put on your own oxygen mask first, financially speaking. Award-winning journalist and veteran personal finance writerDonna Freedmanis the author of Your Playbook for Tough Times: Living Large on Small Change, for the Short Term or the Long Haul and Your Playbook for Tough Times, Vol. 2: Needs AND Wants Edition. Read more: https://www.thesimpledollar.com/loans/blog/a-loan-wont-solve-your-money-woes-if-you-dont-fix-these-10-financial-issues-first/
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