If you make saving a low priority, you will never, ever save! After you pay your savings account and then the “normal” monthly expenses (such as mortgage, insurance, etc.) you will then see how much you have left for incidentals. Here’s my tip in regards to savings–pay yourself first! What exactly does that mean? Before you pay for all those incidental expenses each month, pay your savings account. It could be to save for college or a car or a house or even for a vacation. Set Your Savings Goals:Įvery single person needs to have one savings goal, if not more. It won’t take long before you realize where you need to cut back. So, the Starbucks runs, the shirt you picked up at Target, the ticket to watch your kid’s play their high school basketball game–they all need to be tracked.Īfter starting to track all of the smaller items, you will get a bigger picture of how much money you are actually spending on coffee each month, or how many things you just happen to “grab” at Target. Keep every receipt and bill and, once again, write them down! Don’t just focus on the $200 electric bill and the $40 water bill–you know the normal monthly homeowner expenses, but where we lose track of a lot of our money each month are from the incidental expenses. Did you sell a few personal items on Craig’s List or in the Facebook Marketplace? Write it down. Of course there is your salary, but what about beyond that? Did your neighbors give you $20 for taking care of their dog for the weekend? Write it down. Write down every nickel, dime and dollar you earn during the month. If you don’t write a big goal down, you will never try to reach it. One word of advice when it comes to goal setting. Also take a few minutes to write out some steps you can in order to reach your goals. Write them down and give yourself a timeframe to meet the goals. Pick 1-2 or even a few more goals for your year. Grab the download for the free budget binder at the bottom of this post and follow the simple steps below. Let’s get started with the Mini Budget Binder. Wait, what? You’ve heard it all before, but you don’t have time for it, right? Let me tell you, it takes just a short bit of time and will make all the world of difference in your current and future financial situation. There’s no better way to get started than by writing it all down. You see, you will never get ahead if you are not tracking, monitoring and saving each and every week. It needs to be at the forefront of our minds and our conversations with our spouse or with ourselves. If fact, we need to do the complete opposite when it comes to money. In reality, it simply makes dealing with money harder and the spending problem bigger. They push all their fears and frustrations to the back of their minds if they can avoid any money talk. Many people chose to avoid conversations with their spouses or family about money, because it’s simply easier not to. Most everything we do revolves around money in some way, shape or form. They are part of our everyday life and there’s no avoiding it. The Cobb County School District is committed to parent, family and community engagement, and it is our hope that by providing this tool on our website that we are making our information more accessible to families whose first language is not English and thereby enabling better engagement in public education.Finances are hard. Before you act on translated information, the District encourages you to confirm any facts that are important to you and affect any decisions you may make. The Cobb County School District does not guarantee the quality, accuracy or completeness of any translated information. The basic translation’s goal is to capture the general intention of the original English material. Google Translate is a free service and currently offers translation in over 50 languages, although an impressive number, this does not capture all languages or dialects. The quality of the translation will vary in some of the languages offered by Google. The electronic translation service is hosted by Google Translate.
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