It’s that time of year again when most fret they haven’t finished their summer reading lists, and start demanding a new Fall wardrobe even though they may not need one. The Back-to-School mantras and sales aren’t only for students and parents anymore – it really is for everyone. Have you been putting off buying new items because things seem to be more expensive through the summer? It’s not your imagination, it’s a reality. A lot of companies do not offer a reasonable discount on most products after all the Mother’s Day promotions back in May. Father’s Day and graduations do not really offer a financial break either. So, when can we really maximize our need for new items without going broke? The Back-to-School time frame. I’m not sure not everyone needs new pens, pencils, or loose leaf paper, but home goods, electronics, and even car dealerships are willing to give you a better deal this time of year. They want to unload all the older items before they get plenty of new stock in time for holiday shoppers. It doesn’t matter which store is your favorite either. They all will start putting the back stock out on the floor just to get it sold. That’s why it’s hard to maneuver in the store until you realize the extra product on the floor.
I know this time of year we are busy wrapping up the school year, trying our best to get our lawns in shape, and working hard to clean out all the old junk in our homes. We are used to giving away old clothes, and out dated electronics in some cases too for all new upgrades. What about in our pantry? American’s over-consume a lot of things, but our waste of food seems to be the worst. I invite you to look through your pantry especially and donate anything that has not yet expired that you know you or your family will not consume before its expiration date. There are many food banks that desperately need items to help in your community. There are many families that can not afford to put not only a health meal on the table, but enough that everyone gets enough to eat. Many children go to bed starving, even in some middle class neighborhoods.
This week Money Monday is dedicated to a short (well, a little over 4 minutes long) video from Suze Orman. If you are not familiar with her, I suggest you check her out. She gives fantastic financial advice that covers a very wide range of topics that apply to your life at some point in your journey.
Who do you know would benefit from hearing this video? It’s definitely worth a share or two!
With the east coast about to suffer through our first major storm of the current winter season, I wanted to say I hope you are staying safe with loved ones. Do what you need to do to stock up for a few days. It always feels like you never know what to get excess of but whatever you consider to be the basics, stock up on that. My good rule of thumb is gas for the car, paper goods, canned goods, frozen meat, dried pasta, and veggies. That type of food can go a long way in various mixtures to create yummy cost effective meals that will last for a few days. Of course, movies, or these days start adding quite a few things to your Netflix queue. And for some of you, definitely alcohol.
Remember to stay warm, and check on elderly neighbors if you have any. If you have neighbors close by, you can always do a potluck dinner. That’s always a fun way to socialize and save on expenses when it comes to making a hearty meal.
Stay safe out there!
We have all heard of extended friends, family or coworkers that have taken vacations with the change they collect in a jar. In fact, most people are moving away from paying in cash all together, so we probably haven’t had change jingling around in quite a while. Possibly the only time was when we had to request a new bank card and was forced to use cash for a week or two. I know it can seem daunting to walk around with cash these days. If you are robbed, it’s much easier to make one call to the bank or credit union and alert them then wait for a new card versus losing all the money you were carrying in one swoop. But why not start small? Keep a smaller amount on you in an effort to start accumulate change. Believe it or not, you will be surprised at how much change you end up with at the end of the week, or end of the month. This habit will also help you save more of your money. If you physically have to remember, and count out either exact change you will know exactly how much you have spent. You won’t have to play the, “Am I going to overdraft?” game and either run home or feverishly check your account online through your phone.
It’s worth a shot, right?
Instead of scrolling through various social media sites looking for a savings solution or starting a savings plan in January only to give up by the end of February, start small and build on your savings goals. You will be very surprised at the results by even Memorial Day or your Summer Vacation, and create a new positive habit for yourself!