Publicado en ahorros

A Realistic Money Savings Challenge for Smaller Budgets


Okay, so we have all have seen those money savings challenges going around where you put money away each week and by the end of the year, you end up with anywhere from $5,000 to $10,000.

Well, the idea is nice and it’s great if you actually have $430 per week for weeks 50, 51, and 52 which end up being the weeks leading up to Christmas and the New Year!

I don’t know about you but for me, I don’t have $1600 dollars to put away each month right before Christmas.

Many people can start the challenge but then fail after they run out of extra money 6 weeks into it. The reason these challenges fail is because the money saving challenge starts out slow but then revs up the savings as time goes on. The system just doesn’t work for people who are not used to saving or people working with smaller budgets.

It’s kind of like following someone on their financial journey when they posted that they paid off $40k in 2 months but then you find out they make 6x as much income as you do. Well shoot, if I had that much money, I’d be sitting pretty too, amiright?

Does this sound like you?

Finally, a Money Savings Challenge for Small Budgets

In the most popular savings challenge, the 52 week savings challenge, it starts out with saving $1 in week 1, $2 in week 2, and so forth. By week 52, you are saving $52. You end up with $1,378 in the bank.

The problem with this is that in the last 4 weeks, you are saving an average of $202 compared to only $10 in the first 4 weeks. For most people with limited funds around the holidays, this challenge will fail.

I’ve decided to make my own savings challenge and design it with you in mind.

I’m also going to put a unique spin on it by NOT doing the standard 52 weeks.

Because of the fact that I budget by paycheck, I’ll be creating the 26 paycheck money savings challenge.

The 26 Paycheck Savings Challenge

With this 26 paycheck money saving challenge for small budgets, you start out by saving just $10 from your first paycheck.

Then, you’ll increase your savings as time goes on until you reach the middle, where you will peak at only $110 in a 4 week period.

After that, you’ll plateau for a while then begin decreasing your savings around the holidays making your savings effortless at that point.

 

Who is this challenge for

This system is great for:

  • Those just starting out with savings challenges
  • Low income families
  • Middle class families with debt or large expenses

Anyone can do this challenge but I wanted to make something manageable and achievable for you.

How to be Successful with the Money Savings Challenge with a Small Budget

In order to be successful with this challenge, or any savings challenge really, you need to have the right mindset.

Dave Ramsey got it right when he said that personal finance is 20% math and 80% mentality, or something like that.

Find your WHY

To start the New Year off right AND to get in the right mindset, I want you to find your WHY.

Why are you doing this challenge?

Are you building an emergency fund?

Are you saving for Christmas so you can have a debt-free Christmas?

Do you want to go on a vacation soon?

Trying to pay down debt?

Write it down

Write it down. Put it on a sticky note and plaster that sucker on your bathroom mirror so you will be reminded every morning of why you are doing this savings challenge.

Heck, make it a wallpaper on your phone if you have to.

When you have your why, I want you to get fired up.

You can do this! You got this! You are a money saving machine!

Make a plan

Now, sit down and make a plan. Every month, I want you do to one thing, just one, to either decrease your expenses or increase your income.

It can be as simple as negotiating your car insurance or selling something you no longer need.

Doing one thing per month makes the system realistic and manageable, especially for moms.

Origen: A Realistic Money Savings Challenge for Smaller Budgets | Simple Money Mom

Publicado en ahorros

Are You Ready for Black Friday 2019? Here’s Everything You Need to Know!


From store hours to shopping strategies, there’s a lot to learn before Black Friday rolls around. Our guides will help you prepare to shop.

Black Friday is known as the biggest shopping day of the year — and with good reason! From Thanksgiving to Cyber Monday, we often see the year’s best prices on a number of products in this short span of time. And while there’s concern about how tariffs will affect Black Friday 2019, the National Retail Federation reports that “holiday shoppers plan to spend 4% more” than they did in 2018.

We’ve put together everything you’ll need to know to get Black Friday deals in 2019. Check out all our guides about where and when to shop, what kinds of Black Friday sales to expect, and what to avoid.

Some retailers don’t open at all on Thanksgiving, and offer their sales online-only that day.

Should You Shop in Stores on Black Friday?

Online and mobile Black Friday sales have really come into their own in the past couple years. These days, Black Friday shoppers are relying on smartphones to supplement their in-store experiences. That means they can take advantage of conveniences like price comparison, mobile coupons, and in-store pickup.

Thanksgiving will likely have the most Black Friday deals, but your best day to shop will depend on what you’re looking for.

When Is the Best Day to Shop for Black Friday Deals?

The short answer is that Thanksgiving will likely have the most deals. However, the best day to shop will depend on the items you’re looking for. If you’re looking for beauty products, speakers, or toys, then Cyber Monday is actually your best bet.

MAKE YOUR PLAN: Check out the best Black Friday deals in 2019!

How to Craft a Black Friday Game Plan

There’s a ton of areas to consider when crafting your plan for Black Friday shopping. Not only do you need to think about store ads, but also bonus perks, freebies, quantities of deals, and whether offers are in-store only.

Price matching policies are popular, though they’re often suspended during Black Friday.

Even if a store doesn’t open until Thanksgiving evening, you might be able to grab their doorbusters online much earlier in the day.

Some Black Friday freebies only apply to the first 100 or so customers, so try to be in line before others arrive.

What to Know About Black Friday Gift Card Deals

You can score bonus cards and coupons when shopping gift cards this season. Just be sure to read the fine print with these “buy one, get one” gift card deals. The extra perks are great, but you can often only redeem them during a certain period of time, and it tends to be within the first few months of the new year.

Origen: Are You Ready for Black Friday 2019? Here’s Everything You Need to Know!

Publicado en VIAJES

5 Antique Stores in the Southwest


Whether you’re shopping for the perfect gift, hunting for that fine piece of furniture you’ve always wanted or just browsing, you’re in for a rewarding time of exploration and discovery when you visit any of these five antique stores in the Southwest.

Take Two Antiques (California)

Santa Cruz’s Take Two Antiques promises a constantly revolving offering of unique vintage ceramics, art and collectibles, making it a great spot to shop for friends or yourself. Take Two doesn’t just assemble a collection of whatever it happens to find — the team behind it goes out of its way to gather beautiful, distinctive and high-quality goods to appease the most discerning vintage enthusiast. You’ll find everything from midcentury items and handmade ceramics to vintage furniture and decor, enough to give you more than a few ideas for adding sizzle to your home space.

Sweet Salvage (Arizona)

Sweet Salvage in the Melrose District of Phoenix opens the third Thursday through Sunday of each month, making it something of an event among treasure hunters in the area and beyond. Since its establishment in 2014, Sweet Salvage has earned acclaim for its attention to detail and wide selection, which includes vintage clothing, locally made jewelry and retro furniture. Visiting is an experience in and of itself thanks to Sweet Salvage’s premium showroom and garden courtyard, and it’s one well worth sharing with a friend or two.

Antique Connection Mall (New Mexico)

Hosting more than 60 dealers across 10,000 square feet, the Antique Connection Mall in Albuquerque is a model for offering up quantity and quality. There’s no shortage of great finds to be uncovered at the mall no matter your style or interests — Antique Connection makes it a point to note its selection of “man-tiques” and shabby chic furnishings. Not only is the Antique Connection Mall massive and well-stocked, but it’s clean, well-lit and spacious enough that you’ll have plenty of room to browse comfortably.

Antique Mall of America (Nevada)

A Sin City-based antique mall needs to match the wonder of the Strip, and the Antique Mall of Americain Las Vegas captures that feeling the first time you step in the door. With over 43,000 square feet chock full of antiques and collectibles, the Antique Mall of America is a perfect complement to the modern excess of the gambling capital of the world. There you’ll find everything from furniture and artwork to coin collections and comic books, with plenty enough in between to keep everyone browsing all afternoon. Unlike at the casino, spending your hard-earned money at the Antique Mall of America guarantees you’ll come away with a haul.

Colorado Antique Gallery (Colorado)

Promising “miles of aisles of fabulous finds,” the Colorado Antique Gallery is self-described as the premier antiquing experience in Denver. Based in Littleton, the gallery covers 50,000 square feet of brightly lit showroom and hosts more than 285 dealers who specialize in a wide variety of wares and goods. The size and volume alone would be enough to require multiple visits, but the fact that its inventory moves quickly and constantly should add some urgency to your purchase when you find that gem you have to have.

No matter who you’re shopping for or what you’re seeking, these antique shops deliver with unique finds and friendly faces willing to make deals. The next time you feel the itch to upgrade your home with a vintage table or quirky piece of art, make one or more of the Southwest’s great antique stores your first stop.

Origen: 5 Antique Stores in the Southwest