As I write this post, there is a mad rush to the stores on a day like today, Black Friday Sales. The furore over spending and deals in retail and online stores is overwhelming and so tempting to go beyond our means. Staying on budget is something I’ve learned to master over the years, trust me I learned the hard way. How do I stay within my means? I budget my earnings. I set a limit in the amount of cash I am going to spend on either my own overhead costs and for the family I have our bills set up on a schedule too. Today, I am going to give you some ideas on how to stick to a responsible budget with your makeup expenditures and beyond – this all applies within the grand scheme of things, money is money.
– Understand Your Income in Numbers If you have accurate figures of how much money you have a month, you’ll know how to spend it. This is a simple formula. For example, I work freelance doing makeup and have some earnings from blogging. Every month, I budget my earnings to pay for childcare as well as my own wardrobe, makeup kit, and extras. My husband and I divide our expenses and we are both accountable for specific costs every month. This helps us budget the money we earn.
– Have a list of all expenses Having a list of your outgoings really makes a difference on how you spend your money. I started doing this, thanks to my husband and I have to thank him for making me aware of how money my money was being spent.
– Save money I can’t stress this enough. My husband and I bought our first home last year after years of saving and being very savvy with our expenditures. If you have extra income, set aside a savings account, it will buy your future.
– Don’t be late on your credit card payments Your credit score is reflected on not just on paying your debt BUT also on whether you pay your card debt on time. I used to have multiple cards and now only have one. Typically, I carry a low balance, it averages between $300 to zero a month. I wasn’t this good years ago. Now I love that I am debt free and responsible for my budget, if I can’t spend it, I won’t buy it.
During the holidays to help consumers to stay on track with their finances, Capital One 360 is decking the halls with deals you can bank on, including new account bonuses, referral bonuses and closing cost credits. I encourage you to add Capital One 360’s Black Friday Sale to your shopping list. Visit http://clvr.li/cap1bfs to give yourself the lasting gift of financial peace of mind by taking advantage of Capital One 360’s deals on banking, brokerage and mortgage products. I can’t stress enough how important it is to stay within your financial goals. All of Capital One 360’s Black Friday Sale deals are designed to encourage consumers to keep their finances in check.
I was selected for this opportunity as a member of Clever Girls and the content and opinions expressed here are all my own.