Do you worry that your spending may be getting out of control?
Are you spending more than you expected this Christmas season? Credit cards starting to look just a little worn? Well, you're not alone.
The immediate post-holiday season is a good time to scrutinize
your finances and bring things back in line. Odds are, you’ll be able to trim more than you thought.
You can reduce the amount of money you spend in all kinds of ways, and many of these items don’t necessarily require that you reduce your standard of living.
Once the holiday season winds down, the trick is to make more careful decisions about what’s really important to you – differentiating between what you need rather than what you want.
Nobody said it was going to be easy though.
Everyone has at least one person in their family who seems to have trouble sticking with the plan – giving in to seasonal or spur of the moment expenses and then shamefacedly wondering why they never seem to have any cash.
This handy online ‘hidden-expenses’ calculator
will help chronic spenders to tally how much they spend on a monthly
basis on up to 16 unbudgeted or overlooked expenses a year, including
home repairs, prescription drugs, vacations, dental work and birthday
Looking for inspiration? Here’s a series of interviews with people who’ve been forced to make big changes in attitudes and spending habits.
Do you see yourself in their stories? Do you have a plan to get a handle on your spending?
By Gordon Powers, MSN Money