25 Tips on Budgeting to Save $10 a Month

The Dog Days of Summer are winding down and if you are like a lot of people, this summer has really eaten into your budget. Do you need a break? Do you need to trim the fat and start saving more money? Let’s say you were to save only $10 a month. In 30 years you could have more than $14,000. Try following these tips on budgeting. They will all help and you may end up saving a lot more than $10 a month!

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Starting a Thrift Store
The Dollar Stretcher Blog
by Gary Foreman

I would like to open a thrift store either in NY or GA. How does this work and in your opinion, is this a good business? Also, are thrift stores considered not-for-profit??? And why do some thrift stores give write off for donated items and others do not?

Arlene

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Three Ways Smart Shoppers Can Streamline Their Budgets - Tips on Budgeting

Written By: Jeff Cambron

When most frugal-minded folks look at an over-stuffed budget, their first inclination is to start making cuts.  While we’re all for eliminating unnecessary purchases, being frugal isn’t just about denying yourself things that you want but don’t need.  It’s also learning to optimize your spending habits so you CAN have some of those toys now and then.  Check out our three favorite shopping tips that should help you get more out of your budget each month:

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Bi-Monthly Credit Card Payments - Tips on Budgeting

The Dollar Stretcher Blog

Written by: Gary Foreman

I have heard that paying on a credit card debt every two weeks, instead of paying it once a month saves on interest and could pay off the debt faster. Is this true? I have been trying to put at least $50 on the debt, every two weeks, plus pay the minimum, once a month, but not seeing much progress. Will this help in the long run, more than the short term? Is there a better way to go about paying credit card debt off than bi-weekly? 
Sue M.

Sue asks a good question. Can paying a little extra every two weeks really reduce her credit card balance? And, the answer is (drumroll, please): sometimes…

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Tips on Budgeting

Written by: Robert Stretch

If you’re looking for ways to save money on your mortgage these days (and who isn’t?), then this post is for you. Everyone’s feeling the pinch these days, and the largest expense for the average household is the cost of housing. Thankfully, there are some easy steps you can take to decrease your monthly mortgage payment or even reduce the total amount that you’ll pay on your mortgage throughout the life of the loan. Here are just a few of the options you have if your mortgage is a bit overwhelming. Read the rest of this entry

Learning to Invest Early: Why It’s So Important - Tips on Budgeting

Written by: Breana Orland

Everyone knows the value of investment. Putting away your spare bit of change is your nest egg for the future. If you want to retire early (or even on time), it is vital to have a sizable investment portfolio. Young people tend to know about investment options but think they can’t afford to start the process themselves. This is a common and critical mistake. Investing early is not only a good idea, but it is easy and can start with the smallest of contributions.

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Facing our Financial Problems - Tips on Budgeting

Facing Our Financial Problems
The Dollar Stretcher Blog
by Gary Foreman

Most of our ‘problems’ are really nothing more than undealt with discomforts. The moment we get up the resolve to look them in the face and do something about them, they vanish. Our real problems are the ones we are afraid to look in the face.
- Rabbi Shraga Silverstein

Everyone has problems. It seems to be part of the human experience. But, if you’ll look around you it’ll become obvious that not everyone handles their problems the same way. Some are crushed by troubles. Others are relatively unaffected.
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When It is OK to Settle Tax Debts For Less & When You Can't

Every year many taxpayers fall into bad financial problems and they cannot pay the taxes that they owe. I strongly believe that everyone should pay their fair share and in no way should they settle their taxes for less just because they do not want to pay. However, there are times when it does make sense to allow an individual to settle tax debts for less. The IRS system is setup to maximize tax revenue or collections because it benefits the country as a whole. Sometimes, though, it makes financial sense to allow someone to settle their taxes for less. I have come to the realization, in some cases, that letting a taxpayer settle for less actually results in the IRS collecting more money in the future. If you are not in a situation where the existence of a tax settlement would benefit the country financially then you will be required to pay back your taxes in full in one way or another. Read the rest of this entry