Category Archives: Money

More Families than Ever Use a Formal Budget

Recent statistics from the USA have shown that more than 30 percent of American households routinely prepare a detailed household budget each month to track their income and expenditures, either on paper or by using a computer spreadsheet.

As UK debt hits record levels, and more families than ever find themselves struggling to make ends meet, is this a practice that more of us should be adopting? Here we take a look at how to draw up a family budget and regain control of your finances.

Getting started

Those of a technophobic nature might prefer a traditional pen and paper, but for the vast majority a spreadsheet program like Microsoft Excel is the best bet. You could even use some simple accounting software such as Quickbooks if you are familiar with it.

If you are using a basic spreadsheet, take a look at the pre-loaded templates, and you will probably find one that is already set up for household budgeting. You will still need to adjust this to your specific needs, but it is easier than starting from a blank sheet.

Once it is formatted to your satisfaction, you are ready to get started.

You will need to be disciplined and record all your expenses, as well as your income, regularly. Ideally, do it every day, or it is easy to start slipping. A software program with a mobile app where you can record expenses as and when you incur them is ideal.

Keeping track

Keep track of the payment method, eg cash, debit card, bank transfer, etc, and run a reconciliation at the end of each month. This way you can also track your own performance – for example, if you withdrew £300 in cash over the month and incurred cash expenses of £200, there should be £100 in your wallet. If not, there is something going wrong somewhere!

Also record the types of expenses, for example, mortgage, utilities, insurance, groceries, leisure, etc. You might be surprised at just how much you spend in certain areas.

Be honest with yourself and include those big ticket items too – only by analysing the big picture can you get a clear view of how to manage your finances better.

Start to reap the benefits

You are now in a position to understand what is coming in and what is going out. If there is an imbalance, set yourself a revised family budget that is within your means. This does not just mean economising on the finer things in life. You can also keep an eye on any cost fluctuations and spot opportunities for savings there – for example, heating costs are going to increase in the winter, but by analysing the figures you might see a way to take advantage of super saver oil deals during the summer months.

With a clear picture of your incomings and outgoings, the next step is to start saving. It is not always feasible for everyone, but add a “savings” line item as an expense, and give it a try. Ten percent of your income is a good starting point – see how it goes for a month or two, and you might just surprise yourself!

Ways Of Saving Money When Buying Online with Zalora Discount Code

Zalora Discount Code or promotional coupons are one of the popular ways of saving money when shopping online. It has become very popular in recent years. You can save a lot of money and have a great shopping experience with just a few clicks and get Zalora Discount code on your purchases. Zalora is offering promotional coupons on everything, including accessories, clothes, beauty products, restaurants, jewelry, gifts, flowers, and Hotel and traveling, and more. You can save a lot of money on a large variety of items that are available at Zalora for both men and women by using the grand Zalora Discount code.

Shopping with Zalora discount codes

 You can find top-quality fashion clothes and accessories at the best price with Zalora discount codes. Now, it is possible to shop the new arrival clothing line, including designer bikini suit, summer dresses,  winter attire, or etc., when shopping with Zalora discoed codes.

At Zalora, you can get an exclusive opportunity to do completely personalize online fashion shopping easily.  You can find your new look for various events, including party wear, casual, sports, weekend and office wear. Not just women, men can also find all the latest fashion, and find their own style from thousands of items, including clothing, watches, shoes, and other accessories. You will have a lifetime experience and also it is the easiest way of shopping beauty and fashion in Singapore. Visit the Zalora website for exclusive discount coupons on new trends and style and prepare yourself to look stunning for the impending season.

How to use your zalora coupon: Using Zalora discount code or coupons is very simple.  Follow these below steps to use your Zalora discount code on your purchase.

  • Before paying the online payment, you just need to click on Add Coupon and then enter the given discount coupons, the code will be something like this “ZB879Kjl”.
  • Now, press Redeem and it will show the discount cost of your trend purchase.
  • Once the process is done, you can check out.
  • And you can enjoy your purchase after it arrives at your doorsteps.

At the beginning of each month, Zalora Singapore adds fresh Zalora Discount Code and Promo Coupons so that you can save a lot when you shop at Singapore’s preferred destination.

At Zalora, you will always get a discount code or unique offers available, and it helps you save a lot of money on more than 500 international brands and also on local brands.

Zalora discount code is not same for all kinds of attire; it varies according to the item you purchase. However, the promotions generally look somewhat like this:

  • On minimum purchase of SG $60, you can obtain 15 percent off storewide
  • 10 percent off on non-sale items
  • When you buy with a credit card (specific), you can obtain 18 percent off storewide
  • On clearance items, you can get an extra 20 percent off.

You can obtain various kinds of discounts at Zalora at any time, and some of these coupons last the entire year and some of them are available only for a few days.

Small Business Saturday

Let’s talk about Small Business Saturday. I know you were expecting a Wellness Wednesday, but that will return next week.

This Saturday (November 30, 2013) is Small Business Saturday. According to the U.S. Small Business Administration, Small Business Saturday is a day to support and celebrate small businesses for all they do around our country.

Being a Small Business owner myself (You can read more about M-Powered Lifestyles here.) and having grown up in a small family business, it’s easy for me to understand the impact of consumers choosing to frequent small businesses over larger companies.

But why should you spend your hard-earned money at local businesses?

For every $100 spent at small locally owned businesses (including locally owned franchises), $68 stays in the community, while only $43 out of $100 spent at big box stores stays in the community. And there’s more:

  • Small businesses tend to take care of their ‘regulars’. You may be able to receive perks such as a heads-up on future sales, special pricing for bulk orders, and service above and beyond what the shop is responsible for.
  • When making purchases, you may be able to haggle on price (if done politely and quietly), or you may be able to receive things such as free delivery and removal with your purchase (as is the case with a local appliance/furniture store we’ve dealt with for years).
  • Service: Small businesses want you to come back and care if you’re pleased with your purchase. They are willing to listen to your needs, and help you make a decision based on that. They don’t want you to have a bad experience or end up with a product you don’t really need. If you’re not pleased, chances are they’ll do what they can to make it right.
  • Knowledge. Many small business owners and employees have worked in that business for years and are very knowledgeable about their services and products.

Here’s something else to think about: Small businesses don’t often receive the tax incentives that the big box stores receive which simply draw more money away from the local communities. In Illinois, school districts are funded through real estate tax revenues, which will be lower when large businesses are given tax breaks (property taxes usually).

I could go on and on about why you should frequent small business, but I don’t want to lecture.

Shop your small local businesses this Saturday (and any other time you can). You’ll be enriching your entire community in the process.

Have a Wonderful Thanksgiving!