Tag Archives: Overspending

Spending Too Much?

If we are completely honest with ourselves, most of us have moments when we are spending money that we know we should not be spending. It may be splurging on a new book or splurging on a new wide screen television. Whatever the splurge, it could be undermining your financial goals. So how do you stop spending when you already know you shouldn’t, but you do it anyway? 1) It is important to understand why you are spending the money. Do you overspend when you are bored, or stressed out? Are you spending the money to make life easier (you … Continue reading →

Mid-month Budget Crisis!

When you first start a budget, you may end up overspending in some areas. If you have an accident, lose your job or another catastrophe, then you may find out that there is no way that you are going to make your budget for the month. You really have three options available to you. The first is to not spend any money at all, since you have overspent for the month. You can make do with the groceries in your house, and stay home since you do not have any money to buy gas. You may just be hoping that … Continue reading →

Are You an Over Spender?

Are you an over spender? Do you have difficulty sticking to a budget? Or do you have a hard time knowing where you spend your money? Are you surprised at the balance in your account every time you go to an ATM? Do you frequently pay overdraft charges and wonder why you never have enough money? It may be that you make enough money that you feel like you shouldn’t have to worry about what you are spending, but if you answered yes to any of the above questions, then you have a spending problem. It is important that you … Continue reading →

Finding and Plugging the Leaks in Your Budget

Do you have a leak in your budget? You have sat down and assigned amounts to each category. You are doing great and should have a couple of hundred dollars left over every month. But when you come to the end of the month, the money that should have gone into savings is gone and you may owe money on your credit card. If this is happening, your budget has sprung a leak! So what can you do to find the leak and fix it? First you need to find the leak. It is important to track your spending through … Continue reading →

Financial Pitfalls: Holiday Spending

Nearly everyone loves the holiday season. Along with its joy and excitement, the holidays bring a dangerous financial pitfall: overspending. It is certainly easy to overspend over the holiday season, but it can be dangerous, and have long lasting effects. If you have ever spend the next six months paying off your Christmas expenses, you should understand what I mean. You can avoid overspending by following these five little steps. 1) Set a limit for the amount you are going to spend on Christmas gifts this year. Then make a list of who you are going to give to, and … Continue reading →

Budget Strategies: The Envelope System

One method of budgeting is the envelope system. This system is incredibly simple to do. It can stop any overspending problems you have and you can easily adapt it to meet your needs. The first person who ever told me about this system was my grandmother. She utilized this method before the days of checkbooks and debit cards. It really does work, and if you have problems sticking to a budget it may work for you. To utilize the system you take your budget and write the name of each category on an envelope. Then you go to the bank … Continue reading →