Going Back to School on a Budget as an Adult

Budget

Going back to school isn't just for the little ones.  It can be a time for grown-ups to get anxiety too.  And not just over the work they'll have to do. If you've noticed the job market is saturated with candidates that have bachelor's degrees, you've possibly considered getting a graduate degree to give yourself an edge. But balancing family expenses is hard enough without adding tuition and books.  Plus don't forget all those hours invested in working on projects and studying. You might even convince yourself that paying for a graduate degree and keeping your family afloat is nearly impossible.  But remember - you're not the first adult who's gone back to school while working, parenting, etc. If you're in this boat, here are a … [Read more...]

Are You Walking a Money Nightmare? Financial Tips for Getting Back on Track

financial tips

Do your money troubles keep you up at night? If Suze Orman were to take a peek into your financial life would she be likely to slap you silly? Are you fully aware you are a mess, and know things need to change, and fast? Well, if you are at that point, congratulations, because you are now way ahead of most people in your situation. The cloud of denial has lifted, and you are ready to take control. Here are just a few financial tips and helpful hints to get on the path to a financial health.   Take Stock of the Situation: Sure, you know you have money problems, but you probably yet to sit down and really assess the situation. Before you can begin to truly fix things, you need to get a clear picture of what you are working … [Read more...]

14 Easy Ways How to Cut Power Bill Expenses During the Winter

Winter house

The winter-time can be a very challenging time for most people. It’s cold.  It’s dark.  And it’s hard to travel. Unfortunately all of those things can make people want to stay indoors during that time.  And that can lead to a big increase in your energy bill. All of the sudden you’re dealing with drafty windows, more hot water treatment, and a whole more electricity usage than you ever would have during the Summer-time. Luckily there are lots of effective ways how to cut power bill costs that are easy to do.  All it just takes a little bit of planning and a few basic things to remember.   Helpful Ways How to Cut Power Bill Costs: Lower the thermostat.  Each degree that you turn down your thermostat will result in 5% … [Read more...]

A Sample Financial Plan – How Should You Budget Your Money?

Business Data Analyzing by adamr

It’s occurred to me on several occasions that not everyone reads money magazines or CNN Money as much as I do.  For some people knowing where to start is practically half the battle when it comes to getting a grip on your finances. What they need or would love to see is a sample financial plan that just gives them the hard numbers!  They need something that could use as an example for how you should be saving and spending your money.  That’s exactly what I wanted to do in this post. For one second, let’s put aside the whole, touchy-feely, fluffy notion that every plan is unique.  It is (don’t get me wrong)!  But there are some general figures that you could go by that may not be so bad. If anything, consider them a good starting … [Read more...]

Miles Credit Card Offers: Now Reap the Rewards When You Fly!

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If you travel frequently for business or pleasure, consider taking advantage of the several miles credit card offers that are out there for the taking.  Airlines, in partnership with a bank, offer these cards so that customers can earn rewards points as they make purchases with the card. These reward points can be spent on airline tickets, hotel stays, car rentals and more. Do airline miles credit card offers sound interesting to you? Here are some that may be a good match for the lifestyle you lead. They all offer reasonable APRs and annual fees while giving you the perks that make frequent travel a joy rather than a chore.   Delta SkyMiles: Delta has partnerships with American Express in order to provide its members with … [Read more...]

Tips for Getting by Without Borrowing Money

Walking On The Red Arrow Street

The following contribution is from a reader of My Money Design.  If you’d like to write for us, please feel free to contact me. Borrowing money is usually one of those things that sounds great at first, until the bills start coming in. If you take a look at just how much money you have to repay for the amount you borrowed, you will realise how much money you may have wasted on interest. If you would have planned ahead before borrowing money, you would now have more cash available to purchase other things you want. The problem is that debt often turns into a never-ending cycle of outstanding debt as you continue to accrue more and more interest. Many people may spend their entire lifetime trying to climb out from under their pile of … [Read more...]

What to Do If You Have Fallen Behind on Your Utility Bills

Water 3D

The following contribution is from a reader of My Money Design.  If you’d like to write for us, please feel free to contact me. If you have fallen behind on your utility bills and are worried that they may shut off your services, it is important not to panic. Even if you are a few months behind on your bill, there are still things you can do to prevent a loss in services. It is important, however, that you take the necessary steps as soon as possible and do not wait until it is too late. Below is a look at several steps you can take if you have fallen behind on any of your utility bills.   Contact the Utility Company The first step is to contact your utility company directly. You should ask to talk to the hardship department and … [Read more...]

Does a Motorcycle Save Money… Or Cost More?

Motorcycle

The following contribution is from a reader of My Money Design.  If you’d like to write for us, please feel free to contact me. Sometimes it's difficult to fully evaluate the financial risks involved in a decision. We like to take the first, or biggest, fact in our minds and transfer that to the entire decision-making process. "I can't be an entrepreneur -- it's too risky!" "I don't have enough money to invest in an IRA!" "I need to buy this high-end laptop -- it'll help me get more work done!" See how this type of thought process goes? We don't think things through; we go with our gut emotion and make a decision without fully evaluating all of the associated financial components. (This is true even for those of us who think we're … [Read more...]