On an individual basis, giving money to beggars (also known as street charity) may seem like a passive form of philanthropy which makes a small, albeit commendable difference to society. On a larger scale, such actions may have negative effects for an economy and those that live within it. There are several considerations to take into account when analysing whether or not street charity is advisable: opportunity costs and taxes. Read More
When it comes to our personal finances, there’s a lot to worry about. There are a number of parties interested in taking as much of our money as they can. For example, you spend a lot of your money on groceries and bills each month. And, that’s just for starters. The point is, it can seem impossible to save the money you’ll need to get ahead in life, or even to just be prepared for the worst. That’s why it’s important to arm yourself with the knowledge needed in order to save your money. We all know it’s important, but we don’t always know how best to approach saving. Here are some tips to help you out.
First and foremost, make use of sales and coupons to save money on the things you need. While some purchases are unavoidable, and others still important on some level, that’s no to say that they have to be costly. For example, here’s a Best Western coupon to help you save money on a hotel room in case of travel. This is just one example, however. Retailers frequently employ sales and coupons in order to drum up new business from customers new and old, and that presents a savvy shopper with the opportunity to get most, if not all, of their shopping done at a severely reduced cost. You just have to know where to look in order to see these special cost cutting offers. There are online resources aplenty, such as Groupon, to help you find these savings, so keep your eyes peeled.
Another important element of saving is to know when and where to save your money, and when to spend it. For example, there are a great many purchases that we make that are simply unnecessary, so you can reduce or eliminate this spending. However, in some cases, an item is of enough of the right kind of importance that me be wise to spend more than average. This ensures quality, which means replacing these items less and saving money in the end. Such items can including things like shoes and Winter coats.
Teaching your kids to be responsible with money is perhaps one of the very most important tasks for any parent. After all, if you don’t want to be supporting them for the rest of your life, you’re going to need them to know how to manage their own financial affairs.
The earlier you start helping your kids to develop good spending habits, the more likely they will be to be financially secure later in life. Here are 5 tips to help you help your kids learn to manage their own money.
1. Make them earn money
Giving kids and allowance is a great way to get them to start managing their own money, but if you don’t want them to just expect handouts later in life, you need to not just start handing it out early on either. Kids have a difficulty making the connect between the work you do to earn money and the cash you pull from the ATM or the purchases you make on your credit card.
The first step in helping them make this connection is paying them for work. Whether it’s washing the dishes, washing windows, making their bed or cleaning their room, make sure that any allowance you give them is earned in some way.
2. Make them responsible for certain expenses
It doesn’t help make a connection between work and finite income if you simply give them money for whatever they need whenever their own runs out. Whether it is buying their own candy, their own clothes or their own video games, make sure that they are responsible for purchasing something all on their own.
If they run out of money, do not bail them out unless you want to still be bailing them out when they don’t have enough rent in their 20’s because they spent their money on other things.
3. Help them learn to save regularly and for large purchases
This is a good time to help your children start building the habit of setting aside some money from every allowance or paycheck. In addition, this is also a good time to help them learn the financial discipline it takes to save up for major purchases. Instead of buying them things like a car, cell phone or television, offer to match funds with them.
The more they participate in buying their own things, the more likely they are to take better care of them. Particularly if they know you won’t be simply replacing them if they get lost, stolen or broken.
4. Help them learn how to budget
As your children get older, you can start making them responsible for budgeting their money to cover their own expenses. At the beginning of each semester of school, you can give them a lump sum that will have to last them for several months. When or if the money runs out, there will be no more.
Help them to learn to budget for expenses like clothing, entertainment and gas or transportation expenses. Again, however, the importance thing is not to bail them out if they blow through it too quickly.
5. Help them understand credit
As teenagers, you may consider getting your child a secured credit card (which automatically keeps the limit fixed in place) or a pre-paid debit card. This will help them understand that plastic is not “magic money” that just appears out of thin air when they need it. When they are 18, you can check their credit score with them and help them understand the importance of maintaining good credit.
Have you ever bought something and only a few days later found the same exact thing but for a lower price? Of course you would like that price difference refunded to you, who wouldn’t? With Paribus that’s completely possible and easier than ever, but how? Below you’ll find a Paribus Review.
What Is Paribus, And How Did It Start?
Paribus was created by Harvard Alumni Eric Glyman and Karim Atiyeh in 2014 on the belief that you shouldn’t always pay full price. Paribus reviews your recent purchases comparing the price you paid and the price it currently is. If the price has fallen within the products price match guarantee they get the refund and 100% of it goes to you, they don’t receive a penny of your cash.
How Does Paribus Review Your Purchases And Save?
First, you have to give Paribus your information to tie into your accounts. You provide your sign in information to Paribus and it will track everything you purchased in the last 30 days.
This is money you are technically already owed, they will give you a refund of the price difference if you ask. However, you have to do a lot of work in order to do so. Paribus takes care of getting your refund and does so without you having to lift a finger. You never really need to check in with it, Paribus will let you know when they have done their job and email you.
How Much Will Paribus Really Save You?
Do you shop online often? Do you use major sites like Amazon or Walmart? Then Paribus can save you a ton of money. If you buy online from time to time it may not save much. The more shopping you do online the more money it could possibly save you.
For instance if you buy on average 100 things a month (go with me here) you could very well find 1 to 10 things a month that will save you money. However, if you only buy 1 to 10 things a month you may only see a few dollars a year in savings.
Personally though, I would have it activated anyway all the time. Even if you don’t buy things often when you do this is a nice backup to make sure you get the best price available.
How Good Is The Paribus App?
On top of having a great service that you can look at online anytime there is a Paribus App. Right now unfortunately the Paribus app is unavailable for android. As part of this Paribus Review, I reached out to customer service I discovered that at one time they did also offer a Paribus Android app it isn’t currently available.
However, the Apple Paribus app works great. What I love is that you can go through and see how much others have saved today. It also shows the “top payout” which on the day I looked was $102.84 for a mini bike. The majority of things on there though save anywhere from $1 to $15.
Another way the Paribus app saves you money is by allowing you to buy things others have saved money on. If you see something someone else has received a refund for and you would like to buy it then the option is available to you.
How Do I Sign Up For Paribus?
Sign-up is easy. There are four steps, taken directly from Paribus’ sign-up page. These should help you get started:
So, pretty much:
1. Get the app. 2. Give your email and credit info to Paribus. 3. Shop online 4. Sit back and get paid.
Finally, if you have a few spare moments, consider checking out this video on Paribus.
When I have a bad day, I come home and order food, books, or whatever else I think will make me feel better. Sad people often do this and call it retail therapy. But there has to be another way, something else you can do.
A Study On Sad People
Studies show that when people are sad they spend more money. This is especially bad if what make the person sad in the first place is their finances.
Imagine that you get the credit card bill, or an emergency comes up costing you more than you have. Instead of dealing with the problem you go out and buy something that will make you feel better. In the study it was simply a bottle of water, but what if that something was a new outfit or even a new car.
So how can you avoid spending more when you are sad?
Change How You View Spending
Instead of feeling like buying something new will make you more important. View spending as it truly is, something that will enrich your already amazing life.
One suggestion is to think of every expense as a part of your autobiography. Every time you spend something think “is this who I am? Will people really think more of me if I buy this? Or, worse will they think less of me?”
Sad people want to feel better, spending won’t do that so change how you view spending.
Put Your Wallet In The Freezer
When you’re sad if you don’t have easy access to your money then you can’t spend. You could do something as drastic as freezing credit cards. Or, leave your money at home not allowing yourself to even be tempted to spend.
Regardless of how you decide to keep your money away, if you are truly sad and depressed and can’t stop yourself from spending. Then removing the ability all together is probably the best option.
Do Something Fun, Different, and Free
The best way for sad people not to spend money is to simply stop being sad. That can require as little as going for a nice walk or as much as seeking professional help.
But you can curb spending and increase your happiness by simply changing what you typically do. If you would normally binge watch Netflix all night, then get out of the house. If you live on the beach then go to a park. The important thing is to do something different.
Odds are that there is plenty of fun free things to do around your town. Pick up your local newspaper and find out what’s going on. Some places have movies in the park that are free. Or if you want to get some exercise some places have running groups. Perhaps you could even just go out with a friend.
Change your surroundings, change what you typically do with something that is no cost curbing your spending and decreasing your sadness at the same time.
It’s true that sad people spend more, but with just a few changes you can stop this cycle.