Spring Break with Kids on a Budget

Making childhood memories with your kids is one of the most amazing parts of being a parent. Most parents want to enjoy their kids’ breaks from school to spend time with them and help them create new memories and special moments. Let’s face it, this can get a little expensive rather quickly. On today’s post, I’ll be sharing with you how you can have the best time with them, on a budget.

1.Travel within the Country

If you really want to go somewhere else and discover new cities or villages, then the cheapest option will be to travel within your country. I advise you to rent an Airbnb instead of a hotel because it will be less expensive. Also, make sure to do a little research on free activities that the city might have.

2. Games

Renting a place or going to some sort of park to play games with them would be really fun. You could do a bit of research on Pinterest about new games that your kids have never played before, and even prepare a bag of goodies for the winners. It would definitely be a fun memory for them.

3. Activities

Planning a week of activities within your city is also a really good idea. For example, one day it would be going to an Aquarium, other going to the Zoo, and maybe also going to a museum about the things that they’re passionate about. At the end of the week, each one them could have a basket with memories and cute things from the places you’ve been.

I hope you and your family have an amazing time together.

Thank you for reading it, and I’ll see you in my next post.

How to Save Money by being Organised

I’m a very organised person, I love to planning everything ahead, and I’m no different when it comes to finances. Since I started to be more and more organised, I realised that I was saving more money at the end of the month and thanks to it, I managed to save a lot more money!

Here’s how you can do it too.

1.Organise your Pantry and Kitchen

My pantry used to be a mess, and I’d find myself purchasing the same thing over and over because I thought I was out of it and in reality, it was just lost in the middle of the mess! So, one day I took everything out of the pantry and re-organised. This made a huge difference. I started saving more money because I stopped buying what I didn’t need.

2. Budget! Budget! Budget!

Writing down exactly how much you want to spend on each category will stop you from impulse shopping. It will help you to make better choices, and you’ll figure out how much you can start to add to your savings.

3. Plan!!

This tips goes along with the previous one. I started to write down my monthly budget, my expenses, bills, meal plans, etc! I started to have control of my money, and that made my savings increase a lot!

I’m extremely happy to announce that I’m launching a Monthly Money Planner! This Planner has a Budget Spread, a Savings Tracker, a Debt Tracker, an Expenses Tracker, a Bills Tracker, a No Spend Calender, a Meal Planner and more! I’ll leave the link here for you, and I hope this Planner helps you as much as it helped me!

Money Planner

Personal Finance Planner

I hope this post was useful! Thank you so much for reading it, and I’ll see you in my next one!

How to Achieve Financial Freedom

Financial freedom is something we all want to achieve. We’re constantly worried about our future, and most of our worries are about our finances. In order to achieve this, we need to follow a few steps.

This is How you Achieve Financial Freedom.

1.Create a Budget

Create the perfect budget for you and your family. Always prioritize savings, and make sure to adapt as you go. Check How to Budget your Income, The Ultimate Beginners Guide to the “50/30/20” System and The Ultimate Beginners Guide to the “Cash Envelope” System to figure out your perfect budget system.

2. Pay off Debts

This is a crucial step to reach financial freedom. Trust me, it isn’t impossible. Check 10 Habits to become Debt Free faster for some inspiration.

3. Have an Emergency Fund

Unpredictable things can happen at any time. Having that money on the side will have a soothing effect on your mind, and it will help you a lot in case of an emergency.

4. Have savings

Have goals for your money and save up for them. This habit will keep you away from debts. Check Different types of Savings everyone should have.

5. Stop living above your means

Most of us do this and don’t even know. After creating your budget, you’ll definitely start realizing  what you’re spending too much money, for example overly high rents, etc.

I hope this post was helpful, thank you for reading it, and I’ll see you in my next one.

10 Habits to become Debt Free Faster

Today I’ll be sharing 10 habits that will help you become debt free faster. The more you’ll be able to save and put towards paying off debt, the faster you’ll be done with it.

Here’s how.

1.Set a Budget

Be aware of how much money you can and want to spend on each category and commit to it. This step will help you organize your finances, and you’ll be able to put more money towards debt.

2. Downsize your Lifestyle

Selling your car and use public transportation, moving to a smaller house or share a house with friends will help you cut down costs.

3. Cancel your Subscriptions

This is a good time to cancel your Netflix subscription, your gym membership, etc. These are things that can easily be replaced, plus, you’ll have hundreds of dollars at the end of the year that can help you pay off your debt.

4. Reduce Spending

Reduce clothing shopping and online shopping until you’re debt free. Always try to stick to your budget, and if possible, stay under it.

5. Eat at Home

Have lunch at home if possible or cook your meals and take them with you to work. Also, make sure to eat before you leave the house, that way you won’t be tempted to buy food outside.

6. Take Advantage of Sales and Coupons

Whenever things are on sale, buy them in bulk, that will save  you money in the long-term.

7. Pay More Than Minimum Payments

Challenge yourself yo always pay more than what you have to, this will help you pay off your debt faster.

8. Free Fun

Having fun with your family and friends is definitely a must! We need to have these moments in order to live a happier life. So, take advantage of free festivals, outside activities, etc. Make sure to have an amazing time.

9. Get a Side-Hustle

From part-time jobs to selling things online, you have a whole world of opportunities to make a side amount to put towards debt. Check 6 Products to make and sell online, to find out more.

10. Avoid New Debts

It seems obvious, I know, but it’s important to pay off your existing debt before getting yourself into another one.

I hope these tips were helpful. Thank you so much for reading it, and I’ll see you in my next post.

Tips to increase your savings

Having different types of saving is something that will be beneficial for you, and if you’ve been following this blog for a while, then you’ve noticed that is a frequent topic here. So, today I thought it would be good to share a few tips that will increase your savings.

1.Make a goal

First of all, you need to have a goal for the money you want to save. This will give you the motivation to keep saving, it will give you a “purpose”.

2. Have no-spend days

After budgeting your money for groceries, utilities, bills, your overall needs, you can start a challenge, the no-spend month, for example. This means that throughout the month you won’t be buying things that weren’t specified on your budget. Such as coffee, lunch out, etc. After this challenge, you will realize how much money you were spending on things you don’t need.

3. Have side hustles

Try to have another source of income besides your work salary. It doesn’t need to be more or the same amount of your work salary, the goal is to have extra money at the end of the month that you can add to your savings. You can tutor someone, sell services, take surveys, etc. I have a post on things you can make and sell online, click here to find out more about it.

4. Have the right budget

Always try to improve the budget you already have. Slowly try to increase the amount that goes to savings without affecting your daily life.

These are the tips I have for you. Let me know if you have extra ideas! Thank you so much for reading it, and I’ll see you in my next post.

Bad money habits you need to break

A while ago, I started making a lot of changes to improve my finances. I realized I wasn’t saving the amount of money I desired and after breaking some bad habits, my savings account increased.. a lot! So, today I’m sharing with you 4 bad habits you need to break and achieve financial freedom.

1.Living above your means

Many of us do this without even realizing. For example, I used to dine out every weekend and I clearly couldn’t afford that lifestyle at the time. Some people pay extremely high rents for what I can afford, etc. Figure out what kind of lifestyle you can afford and make the most out of it.

2. Not saving for an emergency fund

Emergency funds are crucial for us to overcome a crisis. Hopefully, we’ll never go through them, but having that money on the side can make a huge difference. This must be a priority.

3. Not having a budget

I know a lot of people don’t like making budgets, but this is key to be able to live comfortably. There are different techniques that will adapt to your life. Here are a few examples: “How to budget your income”, “The ultimate beginners guide to the 50/30/20 system” and “the ultimate beginners guide to the cash envelope method”.

4. Impulse buying

This was a big problem for me. Whenever I’d get into a store, I’d always leave with bags. It really adds up at the end of the month, so always think twice before buying and make sure it’s something you truly need. You can always add a category to your budget and, that way you’ll get to have fun but it won’t have a bad impact at the end of the month.

I hope this was useful and thank you for reading it. I’ll see you in my next post.

Beginners Guide to the “50/30/20” System

There are several budgeting techniques and it makes the process of choosing which one works best for us a bit overwhelming. So, my goal is to explain the several existing methods, in order to make your decision slightly easier.

I also have a Beginners guide to the “cash envelope” system, if you want to learn a bit more about it.

The 50/30/20 categories

50%- corresponds to every need you have throughout the month. These needs might be rent/mortgage, utilities, groceries, car payments, etc.

30%- corresponds to your wants. For example clothes, memberships, subscriptions, dining out, etc.

20%- corresponds to your savings.

How to budget according to this system?

1.Figure out the exact amount you can work with

I always start with this step in all my budgeting posts but trust me, this is crucial in for you to succeed at it. You need to know the amount that is left after deducting your taxes, social security, etc.

2.Calculate the amount for each category 

Income (step1) * 0,5= Needs

Income (step1) * 0,3= Wants

Income (step1) * 0,2= Savings

These will be the exact amounts you’ll be able to spend on each category.

Tip: try to stay under budget in the needs and wants categories, that way, you will be able to add more to your savings. Enabling you to create future investments, savings account, an emergency fund or even pay off any debt quicker.

Feel free to adjust the percentages if you think that will benefit you. Overall, it’s a really good method to start a budgeting journey and increase your savings.

Thank you for reading it, and I’ll see you in my next post.