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Family Resource Management

Living for Today — Planning for Tomorrow

News You Can Use

Money Tips

  1. Keeping your financial papers organized can help you save money. Every day as you receive bills 1) open them, 2) check their accuracy, 3) throw out fillers, and 4) file bills in a To Be Paid file. Then, set aside time once or twice a month to pay all bills in the file.
  2. Money decisions affect everyone in your household. Plans to save money or cut debt will be accepted better when everyone has input. Try to have regular family meetings to discuss money issues. Encourage everyone to speak freely at the meetings, and be prepared to compromise.
  3. Sixty-six percent of all grocery purchases are impulse purchases. Shopping with a list can save you money every time you go to the store.
  4. Looking for a way to save money with little effort? Pack a lunch two days a week. If you usually spend $5 a day on lunch, you will save about $300 a year.
  5. Do you find it hard to pay unexpected home repairs? Each month set aside an amount equal to 10% of your mortgage payment to pay for your next emergency home repair.