Budget Busters
Struggling to manage your finances and avoid costly budget busters? Essential tips for spending wisely include leasing a car responsibly, controlling gadget purchases, and managing credit card payments. Learn how to save on housing, make informed buying decisions, and cut unnecessary expenses like dining out and bottled water. This guide offers practical strategies like meal planning, bulk buying, and comparison shopping to help you achieve financial stability. Start implementing these tips today and take control of your spending habits for a better financial future.
Budget Busters
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Presentation Transcript
Budget Busters Tips for Managing Money
Internet Tips • Leasing a car • Purse and shoe obsession • Financing a car • Making minimum payments on a credit card • Going for the latest gadgets • Expensive hobbies • Loaning to family and friends • Supersizing stuff • Lottery • Rent-to own contracts
Crown Financial Concepts • Spend less than 40% on housing expenses • Don’t finance closing cost • Plan and stick with written weekly menus • Don’t shop when hungry or hurried • Buy Quality used cars you can afford • Drop collision insurance • Buy with cash • Don’t borrow to entertain yourself
Crown concluded • Vacation in the offseason • Select home washable fabrics and outfits that can be used in multiple combinations • Medical prevention is cheaper than treatment • Good diet, rest, and exercise • Ask doctors and dentists for costs in advance • Use payroll deductions for savings
Ajo’s Students • Coffee shops everyday – gas stations charge .99c, home brew is just pennies a cup. • Unwanted pregnancies and other social choice consequences. • Girlfriends! • Buying upgrades just to be first or cool. • Bottled water • Disposables – plates, utensils, napkins, diapers • Tobacco products • Brand names • Eating out • Christmas presents • Purchasing without doing the “homework” • Nails, hair, and tanning
Testa’s Ideas • Buy in bulk if you can keep it • Use coupons if available • Reconsider multiple uses • Grow it yourself • We overspend more on what we know less about • Comparison shop • Earn an (increase) income
Reasons Why People Get Fired National Survey Ohio Survey Inability to get along with coworkers Inability to follow supervisors Nordonia Business’ Cell Phones Appearance Absenteeism Lack of interest Continuously making costly mistakes Does not follow directions Shows unwillingness to learn
Car Repairs You Can’t Afford to Skip • Change the brake pads • Change the oil • New air filter • Check the transmission fluid • Burned out lights • Clogged fuel filters
