Saving Money

How Can I Reduce My Spending?

To reduce your spending, you first need to know where your money goes. Start out by keeping track of all of your expenses for a month. None are too small or insignificant: the daily newspaper, coffee on the way to work, an extra gallon of milk, that burger at the fast-food outlet. Next, categorize the expenses so you can see what you spend and where you spend it. Be sure to factor into your monthly expenses a prorated portion of the annual cost of your irregular expenses (e.g., clothes, gifts, car maintenance, insurance premiums).

6 Cost Saving Tips for Travelling in Retirement

If you saved all your working days to live the retirement of your dreams, you probably want to travel — and to experience the best hotels, meals, and adventures while you're on the road. In fact, traveling is the number one goal of retirees, even more than spending time with friends and family, according to a poll from the TransAmerica Center for Retirement Studies. But instead of blowing the bank, you likely want to spend your money wisely to ensure many great trips to come. Here are some smart ways to save — as well as savvy ways to spend — as you tour the world.
 

4 Lessons Grandparents and Grandchildren Can Learn Together

If you're a grandparent, maintaining a strong connection with your grandchildren is important, but that may become harder over the years as they leave for college or become busier building their careers and families. While they're just starting out financially, you have a lifetime of experience. Although you're at opposite ends of the spectrum, you have more in common than you think. Focusing on what you can learn together and what you can teach each other about financial matters may help you see that you're not that different after all

3 Ways You Can Reduce Your Spending

To reduce your spending, you first need to know where your money goes. 1

1. Keep track of all of your expenses for a month.

None are too small or insignificant: the daily newspaper, coffee on the way to work, an extra gallon of milk, that burger at the fast-food outlet. Next, categorize the expenses so you can see what you spend and where you spend it. Be sure to factor into your monthly expenses a pro-rated portion of the annual cost of your irregular expenses (e.g., clothes, gifts, car maintenance, insurance premiums).