Useful Personal Finance Tips That Everyone Can Use

If you are single, your money management skills may not affect anyone other than yourself. However, if you are the head of your household, you have an added incentive to do the right thing. This article contains tips to help you successfully manage your personal finances.

Cut back on bad financial decisions by cutting back on alcohol. When you’re out at a bar or a friends, drink water instead of liquor. Alcohol can cause people to spend more than they’d like to, and you should make sure you don’t make choices you’ll regret.

Stay tuned to the news in order to be aware of the global market. Many Americans don’t pay attention to news outside of the United States, but this can be a mistake if you trade currencies or have significant investments. If you are aware of what is happening in the rest of the world, you can adjust your strategy so that you can make better predictions about the market.

Make a few extra bucks by having a garage sale and clear out some space at the same time. Let all of the neighbors know about the upcoming garage sale – one might even offer to sell items for them in exchange for a small commission. You can be creative at your garage sale to make a little extra income.

Use cash or debit cards for small purchases. Don’t solely rely on credit cards to make purchases. Credit card companies have minimums on purchases now so that means you need to carry some cash or a debit card to avoid this.

Utility bills are an expense that you must stay on top of to improve your credit rating. A habit of paying bills late can have negative effects on your credit rating. Additionally, you will probably have to pay a late fee. Pay bills on time so you can avoid the headaches that arise when you pay late.

Don’t dip into your retirement when your finances take a turn for the worse. There are many other ways to deal with any financial situation. When you jeopardize your future in a gamble to alleviate your current situation, you can expect to wind up in a losing position.

Your can is among the most important purchases you’ll ever make. You should make an effort to not spend more money than you need to on a vehicle. You can do this by doing price comparisons between the different companies selling the car you want. Look online if you’re not happy with the prices you find in your general area.

If a person is always ending up with single dollar bills left in their pants pockets from getting change they can use them in a fun way to possibly increase ones personal finances. Saving up change can then be used to buy lottery tickets.

Now you have the knowledge you need. But, you’ll never be a part of this group of people because you have information through the article written above. You can apply this advice to live stress free by gaining control over your finances.

After your home, your car is a major budget item. Taking advantage of oil change coupon can save you a ton of money on auto maintenance.

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Auto Loans for Bad Credit- Learn about the 3 Phases of Application

Most Americans share a common dream of owning a beautiful home and a comfortable car. Be it for traveling to your workplace or for family convenience, a vehicle is a necessity to travel comfortably to avoid the crowd of public transport. Then, purchasing a brand new automobile might prove challenging for people with poor credit history. Fortunately, there are companies that consider auto loans for bad credit.

The real concern is not poor rating but the issues associated with affordability, having all papers in place, and proof of employment. The process of loan approval becomes simple if a borrower has all papers and income related documents in order. Everything should be ready before your application is finally submitted for approval. In this article, we are going to discuss the three phases of the application process. Keep reading to learn more.

Before Submission

There are several things to bear in mind before a borrower submits his or her application. Guaranteed auto credit loan providers encourage customers to be aware of their current financial situation before applying. It is also necessary that you get a formal copy of your credit report. The report contains the particulars of your credit history, the score, and how it was calculated. In case, the score is incorrectly entered, a review of the report is possible. If the score is found to be incorrect, it will be rectified. And, with an improved score, you have better possibilities of securing a car loan. Even if, the rating is poor, there is nothing to worry because online lending companies even approve applications with poor scores.

Inclusions in the Application

Though it is not mandatory to include the name of a co-signer as far as online auto loan providers are concerned, but including it can make a great deal of difference. A co-signer is a person who promises to pay in case you fail to make payments for a month or two. In simple words, a co-signer acts as guarantor for the lending company. Even if, the name is not included, the sum you have asked for will be sanctioned.

However, there are other inclusions that comprise primarily of the documents. These include employment certificates proving your current employment status, salary slips, and bank statements that help the lending agency to understand that you will be able to make payments easily.

After Submission

It is better to get in touch with online lending providers that consider auto loans for bad credit. You can apply to more than one company. The providers who accept your application will offer you with their terms of use and policies. Make sure you read the terms carefully before choosing a provider.

You need to focus on things like down payment options (if there is zero down option), rates of interest, and other terms of the loan. Never hesitate to negotiate with the price and interest rates. You can ask for longer repayment plans as that will help you lessen the amount you are required to pay each month for the complete period of the loan. On the contrary, if you wish to save in terms of interest, negotiate for short-term repayment programs.

So, these are some of the aspects that you need to remember before and after submitting your application.

James Fredrick is a market research analyst in the automobile industry, who insists that it is not tough to get auto loans for bad credit if you choose the right service provider who guarantees to get your loan approved. In his articles, he educates readers about how guaranteed auto credit loan companies help people by providing information about car loans.

How To Become Wise In The Ways Of Personal Finance

Keep detailed records of your monthly expenditures, then use those figures to come up with a budget. See in what areas you are spending too much money. If you don’t do this, you could become bankrupt, despite the money you are generating. Consider using some sort of finance software as it makes the process easier and more enjoyable. When you find you excess money, you may be tempted to celebrate. It is more effective to use left over money to pay down existing debt or make a saving account deposit rather than a night out on the town.

Some debt is good, some is bad. An example of a good debt is a real estate investment. Often times, commercial property and houses go up in value and you can write off the interests as tax deductibles. Another good debt would be a college loan. The typical student loan has a very low interest rate and is not required to be repaid until a student has graduated. These generally offer low interest rates and postponed repayment periods that do not occur until graduation has passed.

Consider investing in foreign currency. No-load mutual funds are the easiest set up for investing internationally, and this will give you some diversification as well as reduce the amount of research you will have to do in foreign stocks. It will also help to reduce your expenses.

Success starts with managing money well. You must invest your capital and protect your profits. Of course, you need to spend some of your profit on investment, but you also need to keep an eye on that investment. Choose how much of your profit will become capital and stick to the portion or amount.

You should use a flexible spending account to your advantage. Flexible spending accounts can provide savings on qualified expenses such as medical costs, and child daycare bills. These types of accounts are designed so that you may save a set amount of money before taxes to pay for future incurred costs. There are rules to set one up; a tax professional can help.

You should get comfortable with the fact that major improvements to your personal finances can be made a little bit at a time. Instead of dropping by a coffee shop, make your own in the mornings. The savings are endless if you consider the many things you buy that you do not need. You can save money by taking the bus to work instead of driving. It could save you a few hundred dollars per month. Dollars saved through small sacrifices can beef up your savings and retirement accounts over time. That will certainly be worth more to you than a cup of java.

Set up your debit card to pay down your credit card automatically during the last days of the month. This way, even if you forget, you will not be late.

Your eyes may bug out in the grocery store when you see a great sale, but don’t buy too much of something if you cannot use it. It is a good idea to buy multiples of items you utilize on a regular basis, but you only save money if you can eat everything before it spoils. Plan ahead, think before you buy and you’ll enjoy saving money without your savings going to waste.

Balance your checkbook online if you don’t want to do it the old-fashioned way. There are several software programs that can help you organize your expense accounts, track your income and design a monthly budget.

Next to your home, your vehicle is a major expense. Taking advantage of oil change deals can save you a ton of money on automobile maintenance.

No Down Payment Bad Credit Auto Loans – 5 Questions To Ask Yourself

When you are searching for the right deal on an auto loan, the whole process can feel a bit overwhelming. This is especially true if you have a bad credit score.

One of the main reasons that folks can feel anxious about the process is that there are so many decisions to make. You first have to figure out the make and model of the car you will buy. But, there is more to it than that. You also need to determine whether the car that is in your sights is one that you can afford.

This is where having a bad credit score can make things even harder. With a low FICO score, you now have to always be looking over your shoulder during the loan application process. You have to worry about not only whether you will get approved for a loan, but also about whether you will have to end up paying sky-high interest rates on your auto loan.

If you are looking for no down payment bad credit auto loans, here are 5 questions to ask yourself:

1. How much do I need to borrow?

This question is an important one because it will affect whether you can strike the right balance between getting access to the money need to buy the car you want and not borrowing too much. If you borrow more money than you need via your auto loan, the loan will end up costing you more than is necessary – or the loan application could even be rejected. So, choose a reasonably-priced car.

2. How soon until I can repay the loan?

This question has to do with the amount of time it will take you to pay the loan back. The faster you can pay it back, the less the loan will cost you. Since interest rates on bad credit auto loans are higher than rates on, say, a home mortgage, you will want to borrow the money for as short a term as is realistic.

3. Am I able to find bad credit auto lenders?

Most auto lenders will reject your application if you have bad credit and no down payment. However, most bad credit auto lenders have programs for people in your situation. Be sure to seek them out.

4. Do I want the option of applying online?

You likely have auto loan lenders in your city or a nearby town who have physical, brick-and-mortar offices. This can be a good option for you to consider. However, at the same time, you should also apply to at least a handful of online lenders, as well. By applying online, you are not limited to what may be local, “small time” lenders who do not have as much to offer in terms of loan options. Most online lenders serve clients nationally.

5. Should I review my credit report before applying?

Depending upon the auto loan lender, they may or may not check your credit. Still, if you are seeking out bad credit auto lenders that do not require a down payment, it is at least a good idea to run your own credit report and become familiar with it before you apply.

Ask yourself these 5 questions before you apply for a no down payment bad credit auto loan.

Get access to more bad credit car buying tips and lending resources at: Bad Credit Car Buying Tips.

Bad Credit Auto Loans – Don’t Feel Dejected, There Is Still Hope

But, a car is an absolute necessity. The distance between home and offices is constantly increasing and so is the congestion in public transport. You just cannot work without a car.

Are you finding it tough to avail auto loans because of a bad credit score?

Well, you are not the only soul suffering from this problem. Almost every American is going through the same crisis and fighting the very same battle. There are quite a few who have been able to tackle it effectively.

All that matters is how you approach the problem. It’s time to take the bull by its horns. Here are few tips to deal with bad credit score. Follow them and you will soon be driving your very own car.

Determine Your Affordability

Have an idea of future, so you can spend your present accordingly.

Buying a car is a major investment. There are many things in addition to the cost of the car. You will also have to shell out money for finance, taxes and registration fees, insurance, fuel, and maintenance. So, be wise and don’t spend your entire money on the cost of the car.

Decide how much you can spare for down payment. If you can come up with a higher down payment amount, your probability of getting loans will definitely increase. You will benefit more if you go for a trade-in.

Personal Finances

It is necessary to go through your account books before applying for the loan. Check for any unpaid bills of the last month. Every bill is going to affect your credit score, so pay them at the earliest.

It is also important to have a stable job with a consistent income. This will ensure the lenders of regular monthly payments.

Analyze Your Credit Report

It is necessary that you review your credit report every year. Don’t worry; your score will NOT drop if you run your own credit report. You can get a free report from the website The website is dependable as it operated by the three major credit reporting agencies – Equifax, Experian and TransUnion. These same companies calculate your credit score.

Check for any discrepancy, fraud or identity theft. Pay attention to unauthorized inquiries. If there are any, notify the credit bureau immediately. When you do so, you should include copies of documents which support your complaint. You must also make sure that you give your complete name and address.

Don’t apply for loans during the investigation, unless absolutely necessary. If you apply for any loan, then write to the lender about your situation and submit the same documents to him.

An Important Tip for Bad Credit Score Holders

You are having a bad FICO score, but your Auto Industry Option Score may be very good. This score gives more importance to loan payment history. If you have a great auto loan payment history, you will have a better chance of getting a lower interest rate. So, ask the lender to consider your Auto Industry Option Score.

Complete a Certified Driver Education

A driver education course makes you ready for driving on the road. It will reduce your chances of getting into accidents. You will be considered a low risk driver and hence, you will get a reduction in your interest rate.

Search for the Right Car

Your right car doesn’t mean the most lavish car. It depends on your needs.

There are quite a few car types available with you like Sedan, SUV, Convertible, Compact, Coupe, Minivan, etc. You can go for an old or a new one. Think logically and then decide. Remember that you have a bad credit score. If you go for an expensive car; you will have to pay even more.

It is advantageous that you go to a dealer at the end of the month. Dealers have to achieve their monthly sales targets, so they may offer you greater discounts.


It is important to ask someone to be a co-signer for your loan. It will eliminate risks from the lender’s mind. Ask your parents/ friends to co-sign as it is the best option available.

Explore for the Right Lender

Many lenders offer loans for people with bad credit. But to get the best deal, you will have to work harder and smarter. This is possible with a comprehensive research only.

You can cover wide area within less time by using the web. Companies do provide online auto loans. All you need to do is fill a simple online form and hit the submit button. You will get free quotes instantly. Compare them and choose the one that suits your needs.

Just because you avail instant quotes, it doesn’t mean that you apply anywhere and everywhere.
The reason being too many pulls can make your credit look even worse than before.

Consider Car Loan Refinancing

If you think you have got a raw deal, then you can always go for refinancing. Go for this alternative only when you have improved your credit position. You can substantially lower your interest rates with the help of a refinance loan.

Rome wasn’t built in a day.

Don’t lose your sleep over a bad credit score. Remember everything takes time to improve. Keep working meticulously and you will be able to improve it.

Be in charge of your finances today and ensure a better tomorrow!

RapidCarLoans.Net provides affordable bad credit car loans. We help you buy a car and turn your dream into a reality. Save time and fill in a simple car loans application today.

Payday Loans – Advantages and disadvantages

Everything in this world has a good side and a bad side. Quite often, these things ascertain whether one idea or undertaking is worth the risk or not. This is also true with payday loans. The term ‘payday loan’ is derived from the word payday wherein you’ll repay the loan on the said time.

What’s a payday loan? For those of you who do not know what the loan is alL about, this is an excellent chance to discover its good and the bad side. Basically, a payday loan is a short-term loan given to borrowers between payday periods to assist finance urgent expenses or difficulties. The loans are sometimes known as cash advances or paycheck advances and is often limited to $ 1500 only.

Payday loans have certainly received considerable controversy. This is where the ‘cons’ enter as critics declare that lenders target the helpless poor and the innocent young adults. These people, as the critics say, do not understand the value of money. They even name lenders as loan sharks because of the high interest charges which can reach as high as 250{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070} according to the credit score of the borrower and the loan amount.

People who belong in the middle class are even better off utilizing cerdit cards instead of obtaining payday loans since the interest charges are around 25{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070} only. So you see, the poor sector and the young adults pay a much higher interest on the loans.

If there are critics, then there are likewise proponents of payday loans. They wish to impart to the people the ‘pros’ or the benefits which you could derive in applying for payday loans. Proponents claim that the short-term payday loans are a lot better than the long-term loans offered by national banks. The processing charges are a lot less as compared to the long term loan applications.

A few supporters likewise claim that in case of late credit card payments or bouncing checks in which the borrower incurs expenses, the costs incurred by payday loan borrowers are still much less. The conventional interests are not that profitable and even New York’s Federal Bank Reserve claimed that the loans can support cash flow in between paydays.

Families can enjoy living a much better life with the help of the payday loans particularly when urgent need for cash is required. The moNthly budget won’t need to suffer because there’s an alternative source of instant cash. One more good thing concerning the loans is that people with low credit scores can also avail because it isn’t included in their criteria. Their criteria for applying loans consist of the age, the job and salary, and a checking account.

As soon as you comply with these criteria, you can already avail of the loan. There’s no need to fax documents and other important information simply because everything is done online. You just need to provide a couple of details about yourself and fill out the application form. After that, you can already submit the application and wait until the cash amount is transferred to your account. So you see, the convenience is all there and you can simply repay the loan amount on your next payday.

If you think that the advantages over-shadow the cons, you then can take advantage of these payday loans. The decision is completely yours. Apart from, the payday loans are made to meet urgent need for cash and it is not meant to be used for everyday consumption. When you need cash terribly and you are not able to borrow from relatives or friends, this is the best solution that you can get.

Nonetheless, if you can save a bit amount every month to cover unexpected expenses, all the better. As a responsible adult, you should know how to handle all your expenses, even the urgent ones. If you have savings, you then will not borrow money. In case you borrow through payday loans, make sure that you pay on time so that you will not have problems in the future, especially that concerning your credit records.

And keep in mind to borrow only if needed.

If you want more information on Payday loans online , don’t read just rehashed articles online to avoid getting ripped off. Go here: Payday loans

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Manage financial reputation with free credit scores

One of the most important components of a consumer’s financial profile is the credit score. Every customer understands its importance to get free access to one’s credit score since a report is a fundamental consumer right. Thus, availing of this service to institutions who can directly offer youyour free credit scores and show how you can save money on your credit cards, mortgage, loans and many more is important.

Bureaus like Experian, Transunion and Equifax offer a new way to track your credit score. The added advantage with the free credit score is that there is no need of any credit card to extract credit report for the same.

Likewise, you can also find some added benefits with the credit reports offered by important bureaus mentioned below:

1. You can obtain your free credit report with no hidden costs or obligations–no credit cards required with no attachments.

2. You can get returns as often you demand and will always remain informed about your financial matters and transactions.

3. You can save money with personalized debt management recommendations.

4. This can also help you to find the best way of savings for your credit cards, mortgage and auto loans and so on.

5. They will track and optimize your score with free interactive tools and calculators.

6. These interactive tools and stimulators will help you to learn to anticipate changes in your credit score.

7. The bureaus can actively help you to manage both your credit and financial health by comparing and learning more about your credit report and find your reputation in the various financial institutions.

8. You can also compare your credit report to others and see the various items on your credit report affecting your credit score.

The beneficiary activities with free credit scores do not stop here only but still there are many more leverages that can be counted under different famous bureaus:

1. You can obtain at least 3 credit scores everyday upon demand.

2. You can use free credit report card to learn more about your credit report and score.

3. The latest credit monitoring will regularly be provided to you.

4. With automatic credit analysis and credit score simulator the calculation becomes simpler and effective.

5. The credit account manager will overview your transactions and financial activities and will manage it effectively.

After successful review, if your credit score is found over 700, the more financial options can be offered to you with better interest rates. In cases where the score is lower, you can try to recover by improving your financial activities.

Wondering, how can I check my credit score? You can get your credit report and credit score for free online & keep your credit history good for a happy financial life.

Find More Free Credit Report Articles

Basic, Yet Effective, Tips For Your Personal Finance Achievement

There are some basics to personal finance that must be adhered to if you ever expect financial prosperity. Learn and utilize these basics and you’ll be surprised at how quickly you achieve wealth, as well as have a plan to protect that wealth.

Legal protection is one of these basics. What good does it do you to build up a sizeable retirement nest egg only to lose it in a lawsuit? Be sure to set up your will, living will and have access to legal advice whenever you need it.

Health insurance should be part of your plan. You want to ensure that your kids, spouse and yourself have adequate coverage in this area. Does your job offer coverage? If so, take advantage of it.

If not, find outside coverage. If you’re self employed or if your job doesn’t offer any health insurance coverage, you can seek out companies that specialize in providing small business owners coverage.

Don’t get caught with inadequate auto insurance. Obviously, auto insurance is necessary, but not for the reason you may think. Yes, it’s vital if you’re involved in a car accident to cover any damages. However, most people don’t have enough auto insurance coverage.

Are you currently covered only at your state minimum coverage amounts? If so, why? If you’re at fault for a car accident, don’t you think you could be sued for an amount much larger than what your minimum coverage is set at? Seriously consider raising your auto insurance coverage to much higher levels to make sure you’re properly covered.

As fast as you can, work on a plan to get out of debt. Carrying a lot of credit card and personal debt is a detriment to achieving wealth. Rather than putting money away for your future, you are supplying your creditors their future with your monthly debt payments. Make it a priority that getting out of debt will be what you consistently work on.

If you currently rent, you’re probably aware of the fact that you’re throwing away money on rent by not investing in your own home. Your financial planner should be able to offer you a “rent vs own analysis” that shows you clearly the long-term benefits of owning your own home as opposed to continuing to rent.

You’ll want to pay off those credit cards and work toward your first down payment after you clearly see the benefits of owning your own home.

A vital aspect of personal finance is to establish an emergency fund. You can contribute a monthly amount of money into a money market fund until you’ve built up at least three to six months of income into our emergency fund. Now, when the car breaks down or the washing machine needs replacing, you can use cash instead of going back to racking up credit card debt.

When you follow a few key personal finance basics, you’ll be amazed at how quickly your financial situation can turn around to the positive.

If you make getting out of debt a big priority, you’ll be on your way to financial abundance. Put some thought on your insurance needs, get busy on a plan to get out of debt and be ready for emergencies if you desire to eventually retire in style.

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Find Online Auto Loans For Good or Bad Credit Individuals in 7 Steps

Being on the lookout for a good ideal on an auto loan if you have questionable or bad credit can become a long waiting game. The chances of a really low rate for people with a FICO score under 600 being advertised in a newspaper or on TV are slim-to-none.

A better idea is to take a more proactive approach with finding auto loan deals that work for any credit situation. By aggressively going after what you need rather than just sitting back and hoping for the best, you will have a 10 times better chance of getting it.

The truth is, there are many auto loan lenders out there who specialize in working with borrowers with a full range of credit scores, from good to bad. You just have to know how to prepare yourself for finding them and then applying.

If you want to find online auto loans for good or bad credit individuals, here are 7 steps to getting what you want:

1. Know your limitations and choose the right car:

You may have your eye on that hot new European import, American muscle car, or sleek Japanese sedan that is sitting on the dealer lot that you pass by every day. And to be sure, there are of course no rules written anywhere that say you can’t qualify for a loan to buy the car of your dreams right now.

However, if your credit score is below 600, a more realistic approach for you at this point would be to set your sights on a car that is not quite so expensive. Going after a lower-priced car means a smaller auto loan amount – which will increase your chances of getting approved significantly.

2. Understand your FICO score:

You may not enjoy looking at your credit report, especially if you have a low FICO score. However, taking the time to look at your report now will pay off later. That’s because when you do, you will have the chance to prepare explanations regarding any particular items that a would-be lender might flag as undesirable. And, it also gives you the opportunity to spot any errors in your report that you could get removed at this point.

3. Talk to a friend who is in a similar credit situation to you about their preferred lender:

Think about your circle of friends: know anybody with credit problems who also owns a car? It just takes a quick phone call or e-mail to find out whether they can point you in the direction of a reputable bad-credit lender.

4. Start your online search:

Even if you get suggestions from your friend about a good lender, still take the time to increase your list of candidate car loan lenders by doing an online search of your own. Keep your eyes peeled for “bad credit auto lenders” and “any credit ok auto lenders.” This is how they refer to themselves, and they are looking for customers like you.

5. Compile a list of 5 bad credit online auto lenders:

Make sure your search yields you at least 5 solid-looking lenders. More choices means more opportunities to get approved at the lowest-possible rate for your situation.

6. Contact at least 3 of them:

Now, set aside an hour or so and contact at least 3 of them. If you like what you hear, go ahead and apply to all 3.

7. Move on if the offer does not meet your interest rate or payment needs:

Each time you get an offer, be sure to move on to the next one if you suspect you can do better in terms of the interest rate. Remember, you always have other options. No matter what, make sure to follow through in applying to all 3 lenders.

Take these 7 steps to finding online auto loans for good or bad credit individuals.

Get access to bad credit auto financing lenders near you at: Bad Credit Auto Financing Deals .

Personal Finance – What Does The Money Get Spent On

Everyone spends his or her money differently. While one person may find eating out a necessity, another prefers to put a little extra aside for faraway vacations. How you ultimately spend your paycheck is up to you. However, when applying for a mortgage, or other large loan, you financial institution will be looking at some important spending ratios to determine if you qualify. It’s important to try and stay within these limits on certain spending items. Check with your particular lender for limits.

According to the U.S. Bureau of Labor Statistics Consumer Spending Survey, most American consumers spend the following amounts on the following items:

Food: 14.1{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}
-At home: 7.7{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}
-Away from home: 5.4{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}
-Alcoholic beverages: 1.0{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}

Housing: 32.9{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}
-This includes mortgage/rent; utilities; insurances and upkeep/maintenance.

Transportation: 19.1{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}
-Vehicles: 9.1{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}
-Gasoline: 3.3{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070} (In 2003)
-Insurance: 6.7{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}

Apparel and Services: 4.0{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}
-The cost of new clothes, dry cleaning expenses, etc.

Healthcare: 5.9{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}
-Doctors, dentists, eyewear expenses; over-the-counter-medications, medical co-pays and deductibles. This does not include healthcare premiums.

Entertainment: 5.0{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}
-Movies, outings, vacations.

Personal Care products and Services1: 1.3{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}
-Haircuts, salon fees, etc.

Reading: 0.3{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}
-Magazine subscriptions, books, etc.

Education: 1.9{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}

Tobacco Products: 0.7{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}

Miscellaneous: 1.5{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}

Cash Contributions: 3.4{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}
-Religious tithes, charitable contributions, etc.

Personal Insurances and Pensions: 9.9{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}
-Health insurance premiums, 401K contributions, life insurance, disability insurance, etc.

Every family’s expenditures will be different. However, if you notice one of your own spending accounts in excess of these national statistics, it may be time to reevaluate why you are spending so much in a particular area.

Some areas that may be cut, according to most financial experts include:

Transportation: if your transportation (car) costs are much higher than the 19.1{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070} national average, the odds are you own too much car for your budget. Try downsizing to a less expensive vehicle. You’ll not only save on monthly loan payments, but also on insurance premiums, upkeep and gas.

Miscellaneous accounts can be a budget killer for many. This is where we spend on the most frivolous items: morning coffee; specialty items; expensive gifts; etc. Try and keep this percentage under 1.5{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070}, warn experts.

Entertainment can be a budget buster for some. While the average percentage is 5{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070} f your annual bring-home salary, that amount can be excessive, especially for higher wage earners. This is an easy area to bring down expenses. While it’s fun to g out every weekend with friends and pick up the tab, try staying at home or having a quieter, more low-key (and less expensive), get-together with friends instead.

Food. Most Americans spend more than 14{77e4f13bffff39a77640d2f040ceda7a1e812745d41e2ba69a482d80ad5e3070} of their monthly income on food – regardless of their family size! Considering that more than half of that amount is spent eating out at restaurants and fast food joints, it ma be time to hit the grocery store and eat at home in order to save a bundle at the checkout.

Saving money doesn’t have to be difficult. Taking the time to see where the money waste in your household is spent can be a great way to streamline expenses and learn to save.

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