Money Saving Tips for 2012
It’s a new year and the perfect time to get control of our finances.
Financial expert Stacey Tisdale, author of “The True Cost of Happiness,” reveals simple money saving tips that can help you get control of your finances in 2012.
“Like” My Black is Beautiful on Facebook and Twitter. Join the movement that celebrates the unique beauty of African American women, inside and out.
1. Come up with a personal goal: Financial goals need to be realistic like saving money for a vacation or putting a specific amount of money into your retirement account.
2. Put 10% of your salary in savings: It’s always a good idea to automatically take 10% out of your salary and put it towards your emergency or retirement funds. The internet can be a good place to help manage your finances. Consider using Smarty Pig, a free online piggy bank for people saving for specific financial goals like a vacation, wedding, new TV, etc.
If you’re trying to save for retirement, again, figure out what your ideal retirement looks like. Kiplingers has a great retirement calculator and helps you figure out how much you’ll need and adjustments in your lifestyle that you may need to make now in order to reach your retirement goals.
3. Cut back at home: Find creative ways to cut back your home/entertainment expenses. For example, instead of going out to the movies, why not rent one? Or give “I Owe You” gifts to your partner that say, “I’ll take the trash out every week for a month,” instead of buying a gift.
Also visit PGTRYIT.com to get some great money saving coupons for everyday items. You can get coupons for some of your favorite brands like Vicks, Charmin and Swiffer and even discover some products you haven’t tried yet.
4. Take a look at yourself: If you’re not meeting your financial goals, take a look at yourself and figure out why. Are you trying to “keep up with the Joneses? If you’re telling yourself, “It’s okay if I go into debt” or “I just can’t save money,” you’re wrong. Be honest with yourself and make changes to your spending habits. Instead of going on a vacation twice a year, maybe you only go once.
5. Look at your relationships: Times are tough and a lot of your friends or family may be unemployed. If you loan your friends or family money, there’s a good chance you may not get it back. Only loan money if you can afford to not have it yourself. Don’t feel bad about not giving and ask yourself if you’re loaning your friend or family money for a good reason.
For more information log onto myblackisbeautiful.com.
Tweet
Tuesday May 15th, 2012 at 11:37 am
Hello there, just was aware of your blog thru Google, and located that it is really informative. I’m gonna watch out for brussels. I’ll appreciate in case you proceed this in future. Numerous people can be benefited out of your writing. Cheers!
Saturday May 12th, 2012 at 5:06 pm
Hello there, I found your website via Google while looking for a comparable topic, your site came up, it seems good. I’ve bookmarked to my favourites|added to my bookmarks.
Saturday May 12th, 2012 at 6:47 am
Thank you for the good writeup. It in truth was a entertainment account it. Look advanced to more brought agreeable from you! However, how could we communicate?
Monday April 9th, 2012 at 3:02 am
I liked as much as you will receive carried out right here. The comic strip is attractive, your authored material stylish. however, you command get got an impatience over that you would like be turning in the following. unwell without a doubt come more in the past again since exactly the same just about a lot ceaselessly within case you protect this hike.
Saturday April 7th, 2012 at 1:26 am
Just wish to say your article is as surprising. The clarity to your post is simply great and that i can suppose you are a professional in this subject. Fine along with your permission allow me to grasp your RSS feed to stay updated with impending post. Thanks one million and please carry on the gratifying work.
Tuesday January 17th, 2012 at 2:05 am
How you doin Wendy……OMG you gotta get the scope on the 6th Braxton! I am floored….I knew something was up with these wanna bee’s……I am sick of every episode somebody is gettin a shade lighter on the Braxton, whats realling going on in the Braxton’s family?
PS. If anybody can get the scope its YOU!……LOL
Saturday January 14th, 2012 at 2:23 pm
must keep article
Saturday January 14th, 2012 at 7:18 am
Hello Stacy & How you doin’
Those financial tips are awesome and will a possitve difference in money saving tips and reward us some peace of mind. I think mismanagement of finances tend to be a huge stressor and if we use your suggested tips we’ll have an action plan that will make a world of difference in our lives.
Thanks Wendy’
Stacy was such a treat’
How You Doin
I love watching the show..
Saturday January 14th, 2012 at 1:19 am
Wendy I loved the show today and I want to thank you for providing resources to help your viewers with their personal finances… Thats what set you apart from the others. You truly care! Thanks
Friday January 13th, 2012 at 1:14 pm
Hey Wendy how u doin? Well I got a hot topic 4 u … true story ..Braxton fake family value my ass… they left out the 6th sister or should I say the one the mom gave up for adoption cause she had an affair outta wedlock..I know this because “Jeannie Braxton” was my childhood best friend growing up as neighbors in warrenton virginia on haiti street .oh and she hqs a voice on her that will put them all to shame..I’m telling u this story because I watch there reality show and it sickins me how they spaek so much about values and the mother .
Friday January 13th, 2012 at 1:13 pm
Thanks for the tips! Saving money and making smart financial decisions has been one of my top priorities for 2012, and so far…so good! One way I’ve been saving is by using this app My Style Fashion Assistant. It helps me create outfits based on what I already have in closet, which helped me realize that I can call off the shopping trips! I’ve got quite a versatile collection which allows me to mix and match for every season. Maybe a few accessory purchases here and there, but nothing major. So at the end of the day, I’ll be well dressed with a sound budget
Friday January 13th, 2012 at 11:59 am
Enjoyed the show today (took a day off work)!! Loved Ms. Kiki – she’s a beautiful young lady. Wanted to comment on the show, specifically on the money borrowing tip… I JUST explained to my son the part about “dont borrow unless you can think of it as Giving the money”.
Hope to see you in the audience soon. Saw you here in Milwaukee!
Be Blessed!
Trish