Tips, advice, and the latest news from the savings world.
It’s September 1st and what better way to start the month than by making a budget. The easiest way to save is to know where you are spending your money and to find ways you can cut back.
Find Out What You Spend
Take a look at your spending for August. Now break out everything you spent into different categories (including saving). You can either do this yourself through a program like word or excel or you can use one of many free or paid services – it’s up to you! Here’s a great example.
You may be surprised at how much you spent in certain categories. I know my biggest expense is eating out – I’m always amazed at how quickly my food category fills up throughout the month. Don’t be too discouraged if you went over your budget. That’s why you are taking the time today to sit down and sort out your finances. Today is a new month and you can change your spending habits.
Yesterday, an OP-ED in the New York Times called attention to the fact that the U.S. Treasury will end over-the-counter sales of paper savings bonds on December 31, 2011. You will still be able to get savings bonds online through TreasuryDirect.gov. Unfortunately, the TresuryDirect website is hard to navigate. Also, making savings bond available online only makes it hard for the 65 percent of low-income Americans who don’t have internet to use this as a savings method.