Financial Friday Newsletter

With proper planning, summertime can mean fun in the sun, family adventures and relaxing getaways. However, the absence of a plan and savings, can mean boredom and no means to decompress.

Saving money for future goals can seem daunting and difficult, especially when there are more expenses than income. Please know that you are not alone. A little patience and a lot of discipline can make your summer fun dreams come true. Here are some ways to help you set aside that little bit extra.

• Prioritize your spending. Only you can decide the non-negotiables in your life, but it’s a common practice to place food and shelter at the top of the list. Once these items are budgeted for, then explore household bills and activities that can be reduced or eliminated completely.
  
• Think “used instead of new.” Facebook Marketplace and Offer Up are great online resources for gently used, free or less expensive items like furniture, clothing and children’s items. Not only is it a great way to get the things you need, but it also keeps useful items out of landfills, so it’s good for your budget and the environment. Just play it safe when making pick-up arrangements. Always meet at a well-lit public place. Also, explore consignment stores, thrift stores, flea markets, and garage sales to find gently used, sometimes new items.
  
• Implement the “Noodle Budget” if things get really tight. This theory, taught by Tiffany Aliche, The Budgetnista, promotes the practice of living off of the bare minimum. Anything non-essential for living is completely stripped away. This is not a permanent budgeting practice, but can really help to develop discipline in spending and save more of your income.  
  
• Consider borrowing books and movies from your local library to bring a steady flow of new-to-you items into your home. If your local library offers movie nights, take advantage of some family-friendly fun.