How to Save Money on Your Wardrobe

Whether you are someone of simple taste when it comes to clothing, or someone who considers themselves to be somewhat of a fashionista, clothing purchases can really add up fast and occupy a major portion of anyone’s budget. This can complicate things when you are seeking to cut back on expenses and build up some significant savings. There are, however, many ways that you can save money on clothing. Here are some smart financial tips that you can use to save money on your wardrobe.

How to Avoid Going into Debt for Your Wedding

You’ve heard it said time and time again: don’t go into debt for your wedding. Research has even shown that couples who spend less on their wedding tend to have longer lasting and happier marriages. Unfortunately, however, many couples feel pressured to overspend on their weddings, only to head into marriage with wedding debt in tow. In case you’re facing the prospect of planning a wedding, here are some of the most common advice from wedding experts on how to cut costs for your wedding.

Save or Splurge: Questions to Ask before Splurging

All of us face those major expenses that fall under the category of “wants” rather than “needs.” And when you practice smart budgeting, there’s no reason that you shouldn’t treat yourself to those types of expenses every now and then. But how do you decide when it’s a good idea to splurge on something and when it might be better to save your money instead? Here is a look at some questions you should ask before splurging on something major.

Cash: A Dying Payment Method?

When was the last time you used cash to make a purchase? Stop and think for a moment. Are you surprised by how long ago it was? Perhaps you don’t even remember. With the rise of chip cards, contactless payments, smartphone payment methods, and direct deposit smartphone apps, people are definitely using cash less and less. And this, of course, begs the question: Is cash a dying payment method? To put it briefly: Most experts seem to think so. Here is why—and why you should care.

When ‘Cheaper in the Long Run’ Isn’t Better

Saving money often involves stretching yourself somewhat financially in order to enjoy a much larger return in the form of savings. When you purchase your groceries in bulk, for example, you spend more money on groceries at first, but your groceries last much longer, saving you money in the long run. Investments like this can help you live a much more stable life financially. Sometimes, however, it can hurt you financially to apply this “cheaper in the long run” mindset. Here’s why.