Tag Archives: Necessities

Scaling Back Your Spending

One of the more difficult things to do when you are budgeting is finding areas to scale back on. While a stranger may be able to look at your budget and easily say to cut unnecessary expenses. You may feel that those expenses are necessary for your life. It helps if you can step back and put things in perspective. Also the situation you are currently in can really affect how much you need to cut out completely. If you are in a large amount of debt, and have trouble meeting the payments and buying groceries, you are in a … Continue reading →

Financial Pitfalls: Necessities vs Luxuries

One common money mistake is to confuse necessities with luxuries. Often people grew up with these items, and cannot seem to fathom life without them. Even though they struggle with paying the monthly bills, they do not think of cutting back on the luxuries, because they mistake them for necessities. Others may think that the bill isn’t that big, so it really doesn’t matter. It is surprising how much the little things add up. Here are five common luxuries that many people consider necessities. 1) The most common luxury that people seem unable to part with is cable or satellite … Continue reading →