Weekend Challenge 19: Staying on Track
This weekend challenge is about staying on track. It’s time to take a minute to look over how you are doing on your budget and debt elimination goals. It is also a good time to see if you can increase your savings or your income so that you can reach your goals more quickly. Finally take the time to budget and plan for your vacations.
First take a minute to look over your budget. Have you been keeping track of your expenses on a regular basis? If not you should consider switching to an envelope system for those categories you consistently overspend. Can you cut your expenses back even more? Budgeting is something that requires you to do it every month. It gets easier when you do it consistently, and soon it will become second nature.More »
How are you doing at paying down your debt? Are you following your debt elimination plan? If you do not feel that you are getting anywhere you may consider increasing your minimum payments to the amounts listed on your credit card statements in order to pay off the cards in three years. Sometimes it is difficult to find extra money to put towards your debt, but this way you are working steadily towards your goal of getting out of debt.More »
Are you comfortable or would you like a little bit of extra money to spend on things that you want to do? The summer is a great time to look for extra opportunity to increase your income. Summer courses are often smaller at colleges, which makes it easier to complete the classes and additional training that you want. Also you may find expenses you can cut back on in order to save money or to free up some cash for your favorite summer activities.
Your last task is to budget for your vacations this summer. You can opt for a few mini vacations taken over the weekends or you can plan for a bigger trip. The key is pay cash for everything. Camping trips can cost less, and trips that include everything such as food and accommodations like a cruise may be a good option as well. Working a few extra hours a week may help you get your dream vacation some time this summer.
1. Budget Check Up
First take a minute to look over your budget. Have you been keeping track of your expenses on a regular basis? If not you should consider switching to an envelope system for those categories you consistently overspend. Can you cut your expenses back even more? Budgeting is something that requires you to do it every month. It gets easier when you do it consistently, and soon it will become second nature.More »
2. Debt Elimination Check Up
How are you doing at paying down your debt? Are you following your debt elimination plan? If you do not feel that you are getting anywhere you may consider increasing your minimum payments to the amounts listed on your credit card statements in order to pay off the cards in three years. Sometimes it is difficult to find extra money to put towards your debt, but this way you are working steadily towards your goal of getting out of debt.More »
3. Find Extra Money
Are you comfortable or would you like a little bit of extra money to spend on things that you want to do? The summer is a great time to look for extra opportunity to increase your income. Summer courses are often smaller at colleges, which makes it easier to complete the classes and additional training that you want. Also you may find expenses you can cut back on in order to save money or to free up some cash for your favorite summer activities.
4. Plan Your Vacation
Your last task is to budget for your vacations this summer. You can opt for a few mini vacations taken over the weekends or you can plan for a bigger trip. The key is pay cash for everything. Camping trips can cost less, and trips that include everything such as food and accommodations like a cruise may be a good option as well. Working a few extra hours a week may help you get your dream vacation some time this summer.
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