Tag: saving

Finances

How Sinking Funds Help Control Your Money

A sinking fund is a strategic way to save money for a specific purchase by setting aside a little bit each month. I love sinking funds. Sinking funds give me a sense of security over and beyond my emergency fund. A sinking fund is a barrier to protect your emergency fund from known, yet sometimes unexpected (due to timing) expenses. For example, we know appliances and tires need to be replaced, yet need to be replaced at the most inconvenient time. Why inconvenient? Because we had not prepared and had other priorities. After you have created a steady habit of monthly […]

Finances, Food, For the Love of Family

5 DIFFERENT Ways to Save on Food

I fall for it every time. Titles, images, call-outs that promise to save money at the grocery store lure me in. Call it an obsession, a trait, or simply being frugally conscientious, I’m clicking through to read the article. But the information tends to be the same, just recycled with new images and phrases. Yet, I read on. …because, when coaching an individual or teaching a class, fresh information is always welcome. The budget item that can be flexible and seems to get the most attention is food.  Most people tend to get their budget in balance by decreasing the […]

Finances, For the Love of Family

Money in the Bank – without a raise!

Gas prices have dropped significantly. If there isn’t a plan in place for your extra dollars, the money is spent unconsciously. Typically, our living expenses meet and/or exceed our income – UNLESS you have a plan. According to some reports, enough to save the average driver $50/month. According to CNN Money, the average gas price in October was $2.31, down from $3.27 earlier in 2015, saving Americans an average $1 per day or $365 per year. As of this weekend, the average price in Denver was about $1.77. Predictions are steady that gas prices will continue to stay down through […]