Are Car Subscription Services Worth It?

It’s all about flexible subscriptions nowadays. Whether it’s a TV streaming service like Netflix and Hulu or quirky subscription boxes for seemingly every hobby in existence, consumer data research suggests our collective obsession with subscriptions is unlikely to go away any time soon. Consumers love subscriptions over ownership because there’s much more flexibility, convenience, and easier access to products and services. But what about subscribing to a car service, as opposed to buying a used car or leasing one for a few years? While car subscription services aren’t typically the most affordable option for potential car buyers, the valuable perks oftentimes make the slightly higher cost worth a shot. From car-specific subscriptions like Access by BMW, Care by Volvo, and … Read more

Qube Money the Digital Envelope App Review – The Simple Budgeting App

Qube Money (formerly ProActive Budget) is an online digital bank and budget app that digitizes the cash envelope system. Have you wanted to try the cash-only budget method, but you’ve held back because of the impracticality of using only cash in this digital age? If so, then a new app called Qube Money Digital Envelope might be the solution you’ve been waiting for. The way Qube Money works is fairly simple. You transfer funds into your Qube Money account whenever you get paid and determine how those funds should be allocated into different expense categories before you ever make a purchase. When you use your Qube Money card at checkout, the amount you spend is deducted from your available balance in … Read more

The Importance of Adding Fun Money to Your Budget

Reasons to Add Fun Money to Your Budget

The following is a guest post from Choncé, a budgeting guru, who chronicles her journey with balancing motherhood, a home-based business, and finances on her blog, My Debt Epiphany. If you’d like to submit a guest post to Money Q&A, be sure to check out our guest posting guidelines. In 2015, I made a horrible mistake. I chose to cut fun and entertainment money out of my budget. I was feeling overwhelmed with my debt. I owed $30,000 between my student loans and my car loan. My future husband (boyfriend at the time) owed about $20,000 which included student loan debt, credit card balances and a small car loan. I had just started budgeting and became obsessed with living frugally. People I … Read more

Five Ways to Make Holiday Gift Giving Perfect This Year

Ways not to go into debt this Christmas

You may not be ready to think about it yet, but Christmas as the holiday season is rapidly approaching us. And, we all know that the holidays are an expensive time of the year. One reason is that we are a very generous society and love holiday gift giving. One recent survey found that Americans spend over $500 per year on gifts for our friends and family. We love to give and giving can quickly add up and become a budget buster. But, there are a few ways that you can make this a perfect year and still give gifts that make you just as happy as those who receive them without living a case of buyer’s remorse or a … Read more

The Best Way to Budget When You Have Irregular Income

Best Way to Budget with Irregular Income

Budgeting is one of the most important aspects of organizing our lives. But, far too few people ever truly stick to a budget long-term. Why’s that? Because budgeting seems too difficult or boring to pay close attention to. Many of us would prefer to “set it and forget it” and hope you come close to your projected income and expenses for a given month. Unfortunately, attention to detail is crucial when it comes to budgeting. That’s because irregular expenses and income can mess up your calculations pretty quickly if you’re not paying attention. Even if you enjoy crunching numbers, irregular expenses like semiannual insurance payments or annual publication subscriptions can make budgeting quite complicated. If you’ve been following a monthly budget but you need a … Read more

Top 14 Easy Grocery Hacks to Trim Your Food Budget

Grocery Hacks to Trim Your Food Budget

Grocery Hacks to Trim Your Food BudgetGrocery expenses comprise a large portion of most American’s budgets. According to data released by the U.S. Department of Agriculture, the average middle-aged male spends just under $300 per month on groceries when following a “moderate-cost plan.” But, you can save money on groceries.

The average family of four, meanwhile, can expect to incur around $1000 worth of food expenses each month when following a similar middle-of-the-road strategy.

How does your family’s spending compare with how to save money on groceries? If you and your spouse have two children, do you fall above or below the $1000/month figure? If below, you can congratulate yourself on being efficient with your grocery purchases.

Of course, you can always strive to realize added cuts that can bring your spending into the low-cost range (around $800/month) and allow you to put more money into your online savings account. But, if over that mark, you might want to make a concerted and sustained effort to reduce your food budget, especially if money is tight. Doing so can amount to tremendous savings in the long-run.

With food prices on the rise and wages relatively stagnant so far for 2016, many families are looking for new ways to save money on their food budget. If you fall into this category, then read on to discover useful grocery hacks that will cut back your food budget at the grocery store.

Grocery Hacks To Trim Down Your Food Budget

Don’t Shop While You’re Hungry

You’ve probably heard the generic advice that you shouldn’t shop while you’re hungry, but did you know that there are actual neurobiological studies proving that shopping on an empty stomach makes you spend more money on groceries?

In this experiment, participants were either injected with ghrelin (a hormone that controls hunger) or saline (basically a placebo) and then they were asked to bid on both food and nonfood items in a lab. The participants with elevated hunger hormones were much more willing to spend more money on food, showing that humans are more prone to impulsive purchases in the grocery market when we’re hungry. To avoid this pitfall, either schedule your shopping trips after meals or eat a snack before you go.

Become a Couponing Ninja 

Have you ever seen that TLC show, Extreme Couponers? Although the idea of getting tons of stuff for pennies may be alluring, it’s probably not worth all the hours of coupon clipping and discount hunting on the web.

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