{"id":1210,"date":"2020-06-14T20:38:37","date_gmt":"2020-06-15T01:38:37","guid":{"rendered":"https:\/\/www.creditaid.ca\/blog\/?p=1210"},"modified":"2020-06-14T20:38:37","modified_gmt":"2020-06-15T01:38:37","slug":"master-these-budgeting-skills-to-succeed-in-life","status":"publish","type":"post","link":"https:\/\/www.creditaid.ca\/blog\/2020\/06\/14\/master-these-budgeting-skills-to-succeed-in-life\/","title":{"rendered":"Master These Budgeting Skills to Succeed in Life"},"content":{"rendered":"\n
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What do you think about when you hear the word budget? Does it send shivers down your spine? Do you immediately think of sacrifice and feeling restricted?<\/p>\n\n\n\n

What if mastering budgeting skills could help you win at life? What if it could help you feel more at ease and have more freedom?<\/p>\n\n\n\n

If you\u2019re ready to win at your finances, check out the top budgeting skills you need below.<\/p>\n\n\n\n

Record your Spending using a Paper or Electronic Transaction Register<\/p>\n\n\n\n

You won\u2019t know how much you have each month unless you track what is coming in and going out.  It also helps keep you accountable. You\u2019ll know when bills are due and what you owe. You\u2019ll also know if you\u2019re close to over-drafting your accounts and how much money you can save for emergencies or retirement.<\/p>\n\n\n\n

Keep Track of Irregular Expenses<\/p>\n\n\n\n

Even if you\u2019re great at tracking your regular monthly expenses \u2013 those pesky irregular expenses can get you. Rather than letting them sneak up on you, write out all irregular expenses for the year. Think of expenses like Christmas spending, real estate taxes, annual insurance premiums, and home repairs.<\/p>\n\n\n\n

Estimate the total cost of your irregular expenses and divide the total by 12 months. Put away at least this amount each month so that when the expenses come up, you\u2019ll have the funds to pay it.<\/p>\n\n\n\n

Get Good at Finding Deals<\/p>\n\n\n\n

Shopping is a necessity, but you don\u2019t have to overspend. Know when to buy products that you need, such as linens, clothing, appliances, furniture, mattresses, and cars. Time your purchases during the times these items are priced the lowest.<\/p>\n\n\n\n

For example, furniture is usually the cheapest at the end of summer and end of winter; clothing is cheapest at the end of each season, and mattresses go on sale around each major holiday.<\/p>\n\n\n\n

Shop with Lists<\/p>\n\n\n\n

Shopping without a list, especially grocery shopping can be dangerous. Planning saves you money and stops you from buying things you don\u2019t need.<\/p>\n\n\n\n

Before you shop, create a meal plan for the week. Know what you\u2019ll make for all meals and snacks. Plan your meals around the sales and\/or coupons you have. If staple items you use often are on sale, stock up on them so you don\u2019t have to pay regular price when you run out. <\/p>\n\n\n\n

Avoid Impulse Buying<\/p>\n\n\n\n

Impulse buying can send even the most thought out budget out the window. When something catches your eye, walk away from it. Give yourself 48 hours to think about it. If the item is still on your mind after 48 hours, consider the purchase, but do your research. Can you find it cheaper? Will there be a sale? Can you find a coupon?<\/p>\n\n\n\n

Mastering these simple budgeting skills will help you stay on track financially. You\u2019ll know when funds are low and you\u2019ll see where you can cut back or make changes. Staying flexible and adaptable throughout the process will help you feel less restricted and even make you feel like you have more freedom to do what you want. <\/p>\n","protected":false},"excerpt":{"rendered":"

What do you think about when you hear the word budget? Does it send shivers down your spine? Do you immediately think of sacrifice and feeling restricted? What if mastering budgeting skills could help you win at life? What if it could help you feel more at ease and have more freedom? If you\u2019re ready … <\/p>\n

Continue reading “Master These Budgeting Skills to Succeed in Life”<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/posts\/1210"}],"collection":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/comments?post=1210"}],"version-history":[{"count":1,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/posts\/1210\/revisions"}],"predecessor-version":[{"id":1212,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/posts\/1210\/revisions\/1212"}],"wp:attachment":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/media?parent=1210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/categories?post=1210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/tags?post=1210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}