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Staying within your Budget

Staying within your Budget, create a budget, budgeting, saving

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Staying within your Budget

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  1. Staying Within Your Budget www.lifethenfinance.com

  2. The best budget is the one that works for you! www.lifethenfinance.com

  3. Making Your Budget Workable • Don’t be afraid to adjust your budgeted amounts for your expenses as necessary. • Seek ways to trim your variable expenses. • Ifyou have trouble keeping track of your expenses, simplify your life by using The Envelope Method. www.lifethenfinance.com

  4. The Envelope Method • The Envelope Method is an easy 3-step process that makes keeping track of your expenses a cinch. • Use cash for all expenses. If you need to pay a bill from your checking account, then deposit the cash to cover the charge. • Here is the process, step by step: www.lifethenfinance.com

  5. Step 1: Divide and Conquer Cash Your Paycheck Envelope 1 Groceries Envelope 2 Clothing Envelope 3 Gas Envelopes 4+ Make an envelope for each expense in your budget. Put in the cash to cover that expense. www.lifethenfinance.com

  6. Step 2: Use Cash for Your Expenses Envelope 1 Groceries ONLY Groceries Envelope 2 Clothing Money Clothing ONLY Envelope 3 Gas Gas ONLY www.lifethenfinance.com

  7. Step 3: Effortlessly Limit Daily Spending • Make a daily “Spending Money” envelope. • Use for: Lunch, parking, and more. • When it’s gone… Stop spending! Tip:Spend it wisely! www.lifethenfinance.com

  8. The Envelope Method also gives you a better sense of your money! www.lifethenfinance.com

  9. Still Having Budget Challenges? You have 2 options: • Make more money • Reduce the amount that you spend www.lifethenfinance.com

  10. Reducing the Amount You Spend • Reduce your cable plan • Change to less expensive phone plan • Find a home that costs less Tip: It’s easier to make cuts in your variable expenses. www.lifethenfinance.com

  11. Energy Savings • Turn off lights when you leave the room. • Switch to more energy efficient light bulbs. • Unplug your electronic devices when they aren’t being used. www.lifethenfinance.com

  12. A trip to the grocery store is one of the best places to save money! www.lifethenfinance.com

  13. Food Savings Sales www.lifethenfinance.com

  14. Food Savings If you buy a product on a regular basis, you might as well take advantage of the discounted price! www.lifethenfinance.com

  15. Food Savings Planning your weekly menu around what’s on sale at the grocery store that week Significant Savings www.lifethenfinance.com

  16. Food Savings Savings Card Programs www.lifethenfinance.com

  17. Food Savings Savings Card Programs give you a wider range of discounts to take advantage of! www.lifethenfinance.com

  18. Food Savings Some stores may have a blanket discount for members,such as 10% off the total bill. www.lifethenfinance.com

  19. Food Savings Coupons www.lifethenfinance.com

  20. Food Savings Coupons are your most potent weapon against the grocery bill! With coupons, you can turn a $200 grocery bill into a tiny fraction of the cost! www.lifethenfinance.com

  21. Food Savings Stockpiling www.lifethenfinance.com

  22. Food Savings When used in moderation, buying in bulk can be a great way to save money! www.lifethenfinance.com

  23. Tips for Buying in Bulk • Don’t get carried away! Expiration dates still apply. • Fewer trips to the grocery store save you time, money, and gas. • Divide purchases among friends. www.lifethenfinance.com

  24. Self-Reflection Questions: • How can I reduce the amount of energy I use? • Do my favorite stores offer deals, discounts, or additional savings on top of coupons? • Do I take advantage of the benefits of buying in bulk? www.lifethenfinance.com

  25. Action Tips: • Reduce your energy use as much as possible. • Sign up for Savings Card Programs. • Find coupons for the items you buy all the time. www.lifethenfinance.com

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