Archive for the ‘Personal Budgeting’ Category
Ahorrar para poder comprar algo que deseas, como un auto nuevo, puede ser difícil. Necesitas disciplina, responsabilidad y monitoreo constante de tus gastos.
Si se te dificulta mantener un presupuesto, hay maneras en las que puedes mejorar. Debajo hay unas sugerencias que te ayudarán a alcanzar tus metas financieras:
Reduce tus Gastos
Gastar dinero es fácil, especialmente en cosas que deseas. Para mantener un presupuesto, tienes que implementar un poco de disciplina a tu vida diaria. Gastar más de $200 al mes en restaurantes tal vez no es la mejor idea si en tu presupuesto sólo puedes gastar $50. Echa un vistazo a tus gastos mensuales y se realista cuando decidas en donde puedes reducir tus gastos.
Cómpralo el Mes Siguiente
Estás en línea y acabas de ver la chaqueta perfecta. La quieres y la quieres ahora mismo, pero tu presupuesto está llegando a su límite. Cómprala el mes siguiente. Para entonces, tendrás suficiente dinero para comprarla o decidirás que ya no la necesitas. Esta técnica controlará tus compras impulsivas.
La mayoría de los bancos tienen la abilidad de mover dinero de tu cuenta de cheques a tu cuenta de ahorros automáticamente cada mes. Esto significa que puedes ahorrar dinero con mínimo esfuerzo. Además, evitarás gastar ese dinero ya que no estará disponible en tu cuenta de cheques.
Deja de Usar tu Tarjeta de Crédito
La conveniencia de usar una tarjeta de crédito puede ser perjudicial cuando quieres mantener un presupuesto. Cuando sientes el impacto de tus gastos hasta semanas despues, puede ser fácil gastar más de lo que tienes en tu presupuesto. Empieza a usar tu tarjeta de débito o considera usar efectivo para que puedas ver lo que le pasa a tu dinero al instante.
Se Consciente de Eventos Importantes
Estar al tanto de eventos importantes que requieren gastos más grandes, como cumpleaños o días festivos, te puede ayudar a prepararte y ajustar tu presupuesto para que no gastes de más. Crea un calendario con todas las fechas importantes y asegúrate de ajustar tu presupuesto con suficiente tiempo para cubrir tus gastos mensuales sin gastar de más.
Una cosa más – ¡Mantente positivo! Acuérdate que todo el esfuerzo que estás haciendo será recompensado muy pronto. ¡Estarás manejando ese auto que deseas en poco tiempo!
Si estás buscando un auto, ¡visita Drive Casa! Encontrarás el model que deseas en nuestro amplio inventario.
Saving for something you want, like a new car, can be challenging. It requires discipline, accountability, and constant monitoring of your expenses.
If you find that sticking to a budget is too difficult, there are ways you can improve. Below are a few pointers that will help you reach your financial goals in no time:
Cut Back On Expenses
It’s easy to spend money, especially on things you want. In order to stick to your budget, you need to implement a little discipline when it comes to your expenses. Spending more than $200 a month on restaurants might not be the best idea if you have budgeted for $50. Take a hard look at your monthly spending and be realistic about where you can cut back.
Buy it Next Month
You’re online and you just saw the perfect jacket. You want it and you want it now, but your budget is reaching its limit. Tell yourself you can buy it next month. By that time, you will either have enough to buy it or you’ll decide you don’t want it anymore. This is a great technique to control impulse buying.
Set Up Auto Draft
Most banks have the ability to create an auto draft from your checkings to your savings account. This means you can set up a certain amount to be withdrawn from one account into the other every month without having to think about it. Not only will you not spend that money because it’s not available, you’ll see your savings grow without much work.
Stop Using Your Credit Card
The convenience of using a credit card can also be detrimental when trying to stick to a budget. Not feeling the pain of the expenses until weeks later makes it easy to overspend and go over your budget. Stick to your debit card or even cash so you can see what happens to your money in real time.
Watch Out for Big Events
Knowing when big spending events, such as birthdays or holidays, are coming up can help you prepare and adjust your budget accordingly. Make a calendar with all the important dates and make sure to adjust your budget with enough time to cover your expenses and not go over budget.
One last thing – don’t forget to stay positive! Remember that all the hard work you are doing will be rewarded soon. You’ll be driving that shiny car in no time!
If you’re in the market for a car, make sure to stop by Drive Casa! You’ll find the model you want in our wide inventory.
Why boost your credit score? Your credit score serves as a point of reference for lenders and creditors to determine if you are creditworthy enough for a loan, mortgage, or credit card. Having a high credit score will make loan applications much easier, but if you have a low credit score you will most likely face higher interest rates, high down payments, or even rejected applications.
Thankfully, a low credit score is not the end of the world. There are easy steps you can take today to boost your credit score and make it as healthy as possible.
Check for Accuracy
Reporting agencies often make mistakes and may attribute an account or debt to the wrong person. Thanks to sites like CreditKarma, you have the ability to keep an eye on your credit score for free and check for any mistakes. Make sure to dispute any mistakes to keep your credit score accurate, to boost your credit score.
Pay Off Past Due Debts
Did you forget to pay your last electricity bill for the apartment you had three years ago? Do you still have a balance with your past cellphone carrier? It’s easy to forget about debts from years ago, but even a small unpaid debt can impact your credit score. Check for outstanding balances on your credit report. The sooner you pay them off, the sooner you’ll boost your credit score.
Don’t Use Your Credit Card Too Much
Having a credit card can be very useful because it gives you the chance to have more money available that you can pay off later. However, if you reach your credit card’s limit very often, it can lower your credit score. Learn more about credit utilization and the best ways to use your credit card here.
Open New Accounts
Credit history is another important element that determines your credit score. Having no credit may be as detrimental to you as having bad credit. Something as simple as getting a credit card or taking out a car loan can increase your credit score exponentially. Keep in mind that staying current with your payments is key when trying to boost your credit score.
Don’t let your past mistakes get in the way of getting the car, house, or credit card you want. If you’re financially responsible, let your credit score reflect it.
Starting to save money for a car can feel overwhelming, but it’s possible to start saving money for a down payment by monitoring your spending – even during the holiday season. Develop better saving habits now and you’ll not only be able to get the car you want, you’ll reap the benefits for many years to come.
Create a Budget
When you save money for a car, you have to keep in mind that the more money you put down, the lower your interest rate and monthly payments will be. By creating a budget, you’ll figure out how much your monthly payment should be, monitor your expenses, and set a goal for a down payment. Here’s a helpful guide to get you started.
Pay with Cash
It’s easy to forget how much money you are spending when swiping a card. Once you have determined how much money you can use for gifts and other expenses, make sure to visit the ATM and withdraw the exact amount. Not only will you be much more aware of how much money you are spending, it’s less likely that you will go over budget. If you can stick to your gift budget, you’ll have more ability to save money for a car.
Opt for Homemade Gifts
Homemade gifts can be more meaningful and heartfelt than an expensive toy. Your friends and family will appreciate the time you spent making their meaningful, personalized gift. Plus, you’ll save money for your car. For ideas on what gifts you can make, click here.
Black Friday and Cyber Monday are a great opportunity to save money on gifts. You can also monitor the products you want months before December and take advantage of any flash sales or reduced prices. By starting your holiday shopping early, you’ll avoid stress and find the things you need in time for the holidays.
The holidays don’t have to be a time where you need to spend a lot of money and break the bank, if you follow these tips you can save money for a car. Stick to your budget, be smart about your spending, and you’ll be one step closer to getting the car you want.
If you’re in the market for a vehicle, choosing the right one can be overwhelming. With almost an infinite amount of vehicles to choose from and places to look in, are you left wondering how you can find the vehicle that’s right for you?
Do you need a car that has plenty of interior space? Is fuel-efficiency important to you? What color best reflects your personality? These are all valid questions when looking for your next car. In order to make your decision-making process easier, we have compiled a list of tips you should keep in mind when buying your next vehicle:
That flashy BMW may be the car of your dreams, but can you afford it? Once you have developed a budget and know how much you are willing to spend on a vehicle, your choice will become more clear and you can narrow down your search. (Here’s a simple tool to get you started!)
Everyone uses their car for a different purpose and are looking to satisfy different needs. One person may have a long commute to work and need something more fuel-efficient, while someone else may need a hefty vehicle capable of carrying a heavy load. In order to get the right vehicle, you need to consider what kind of features would make your life easier.
Once you have decided on a make and model that will satisfy your needs and not break the bank, your search is essentially over. However, we advise you to keep your mind open and do some research on other models in the same class as your preferred vehicle. Sales take place all the time and you might get a better deal on a car that may not be your first choice but shares a lot of features with your dream vehicle.
If you follow these tips, the search for your next vehicle will be painless and quicker than you think. Good luck on your search!
After your residence, your car is the next biggest asset you need in most US cities. This is especially true in a city like Dallas. And if you’ve never bought a car before, having the additional hurdle of your credit can make the process even more stressful. Here’s what you need to know to budget before buying your first car.
Buying a car is a big purchase. You don’t want to overextend your budget with your monthly payments, and you have no way of knowing your car budget without calculating your expenses.
There are several smartphone apps and websites out there that you can use to get a handle on your actual spending to see if your budget is realistic:
- Olivia: The Olivia smart phone app will look at your past spending and recommend a daily “safe spend” to keep you on track with your budget and savings goals. But it’s so popular that there’s a waitlist to download the app.
- Mint: Both an app and a website, Mint can be used to track your spending and expenses every month and organize them into categories so you can see where your money is going. It also provides credit score updates.
If you want to focus on saving a little money before your first car purchase, there are smartphone apps that can help you with that too.
- Digit: Socks away small amounts of money over the course of each month based on your spending
- Acorns: as a micro-investing app, Acorn rounds up each purchase you make to the next dollar amount. So, when you buy a coke for $1.75, 25 cents are sent over to your acorn account to be invested.
At Drive Casa, we understand times can be tough and credit isn’t always perfect. But we don’t think that should stop you from buying your first car when you need it. By getting control of your budget, you’ll be in a much better place to finance a car you feel comfortable with, both physically and financially. Follow us on Facebook for more info on credit and car-buying.
*Disclaimer: Drive Casa is not a financial advising institution; all recommendations are based on opinion.