Regardless of your spending habits, there are lots of ways to Feed the Pig. While the savings from changing a single habit may not seem like much at first, making changes in a few areas of your life can add up to big bucks within a single year. Here are some of our favorite financial tips.
Weekly Savings Tip: Travel on Your Holiday Horizon? Plan Now.
While it may feel too early to be seeing Santa Claus in store display windows, it's not too early to start planning your holiday travel. If upcoming celebrations require you to pack a suitcase to see loved ones in the next few months, the best way to avoid a New Year's financial hangover is to plan your budget and start saving now.
- Airfare. Analysts have found that the cheapest airfares are available seven and half weeks out, but, unfortunately, this does not always apply to holiday travel. If you haven't already, it's probably best to buy your ticket ASAP! Make sure to check multiple sites to ensure you're getting the best fare available.
- Car travel. Traveling via car can save a bundle, as opposed to flying, just make sure you budget for the appropriate amount of gas needed for the journey, a cost often forgotten in holiday budget planning. It's also a good idea to double check that you are up-to-date on vehicle maintenance before hitting the road. Nothing breaks the holiday budget like an unplanned towing bill or flat tire.
- Logistics. If you're flying for Christmas, consider shipping your gifts ahead to save on baggage fees. Major shipping retailers often charge less to ship to business addresses, so, if you can, save a few extra dollars and send your package to someone at work. Just don't forget to budget the cost of shipping into your gift-buying budget. Bonus Tip: If you're ordering gifts online or over the phone, consider having them shipped directly to your destination and wrapping once you arrive. That way you don't end up paying to transport the same item more than once.
Above all, taking the time now to map out your holiday travel spending will give you a better idea of how much you may need to cut back your spending now in order to cover everything in the months ahead, which could be the ticket to keeping your savings goals on track right through the New Year.
An archive of some of our most recent Weekly Savings Tips.
Did you know that the main reason why most people don't achieve their goals is lack of proper planning? We invite you to commit to Ready. Set. Goal! A 4-Week Financial Fitness Challenge.
Savings tips submitted by you, our loyal fans!
Staying up to date on current events and financial news is an important part of understanding and managing your finances.
Start off on the right financial foot, and stay there!
We all have habits, some better than others. The important thing is how you acknowledge and manage them. Just take it one step at a time...
Changing seasons mean more than just a change in wardrobe, they also mean a change in spending and savings habits.
The holidays can be one of the most difficult times to save. But that doesn't mean it's impossible.
Taxes are an important part of your financial plan. The more you understand them, the more you can appreciate how they can work for you.