Budget Tips

Talk about hard times! Everyone sure needs some ways to manage their finances nowadays. Incidentally, I won a bid at RAC (Rentacoder) to create list of 3000 tips and hints on Budgeting. I found some real interesting sites and tips, even got to share my own.

I was thinking, why not share a few tips here on my blog? That would be nice and would sure be helpful for readers out there.

So here's what I'll do, I'll drop a number of tips now and add some more on the next days to come.

Here it goes!!!

• "Cute" items are often useless. Do not buy an item just because it is "cute".
• A beach wedding may need standing-room only (hence no rental chairs or overhead on tents.)
• A budget is not set in stone.
• A budget should never be a financial starvation diet.
• A good budget is a spending plan that includes everything you will spend money on and stays within your income.
• A good budget tells you when it is ok to make a major expenditure.
• A good plan for preparing for little mishaps in life is to build an emergency fund.
• A home swap can be an affordable way to visit another city or even international locations.
• A kitchen or bathroom fan left running for an hour can remove an entire houseful of warm air.
• A little creativity will stretch your budget a long way.
• A rule must be set regarding purchases.
• A small investment in good-quality insulation will go a long way toward conserving warmth. Your local utility company can advise you about the type of insulation needed for maximum energy savings.
• A suite-type hotel or vacation condominium that includes a kitchen can be also prove to be a money-saver.
• A trove of candles in various shapes and sizes but in one color (such as cream or peach) can decorate an entire backyard with a romantic and inexpensive theme.
• A very easy way to buy no-cost airline tickets is to switch from a direct route home on a business-class ticket to an alternate route with a stopover in a city you would like to visit.
• A well-planned budget is when you can tell when it maybe dangerous to make a major expenditure.
• A wise budget includes everything you will spend money on, savings for a 'rainy day', savings for large purchases, giving, savings for kids, and investment for retirement and still stays within your income.
• Accelerate deductions.
• Accelerate your savings.

I'll give you some more tomorrow, and maybe the next day, and maybe the next week, and maybe.....