trees in fall
The fall is a favorite season to many and it is easy to see why. The weather is nice, the leaves turn beautiful colors, and of course, pumpkin spice lattes. Here’s another reason to love fall – it saves you money. Here are five ways to save money this fall. You don’t want to overlook these tips.

1. Indulge in More Inexpensive Meals

When the weather starts to turn breezy, soup and chili are the perfect comfort foods. Take advantage of your slow cooker and these inexpensive meal choices. Another great thing about making soups and chili is that you can freeze them, prep them ahead of time, and even throw in random leftovers you have rotting, scratch that, waiting for you in the fridge. Today I made Skinny Taste’s chicken taco chili, out of beans, rotisserie chicken, and a half used can of tomato sauce that was on its last leg in the fridge. It took about five minutes to throw everything in the crockpot.
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My husband and I are contemplating the possibility of moving. We’re not sure how everything will play out (we’re waiting to see if he got a job he recently applied for), but we’ve talked a little bit about what our housing situation might look like.

One of the things we’ve decided is that we might not care all that much about buying another home because we may be just as happy with renting. While we’ve enjoyed living in our home, the thought of trying to sell it is stressful. We haven’t started the process yet but I’m sure it’ll be difficult to sell our place when mortgage rates shot up so much and no one can afford the same house they were looking for just a few short months ago. If we move, would we enjoy living in a nice rental just as much?

Could Renters Be as Happy as Buyers?

In a study titled, “The American Dream or the American Delusion? The Private and External Benefits of Homeownership for Women,” a professor at the Wharton School at the University of Pennsylvania examined the happiness levels of women renting vs. owning.
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As our anniversary date approached, my husband and I started discussing ways to celebrate. Our initial idea would cost over a thousand dollars before even getting to what we’d likely spend on meals, souvenirs, and miscellaneous expenses. Although we had some savings set aside, we decided we didn’t feel comfortable spending that much on something non-essential right now. To keep on track with our financial goals, we came up with a day trip that will only cost us fuel, a few meals, and a few minor admission fees. Will it be just as fun as our first plan? I expect so!

We want special occasions to be, well, special. Sometimes that means spending a little extra money than we would normally, but it’s not always necessary either. If you’re on a tight budget right now or just feel like hoarding your savings for other goals, here are a few tips for planning an affordable but memorable getaway.
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A couple of weeks ago, I had an interesting conversation with a young man (20 years old) about his credit situation. He understood the value of good credit and was trying to figure out how he could take the next step in boosting his score. We talked about the moves he made up to this point and what he should do next to diversify his credit and present himself as a better prospect. He wants to buy a home in the future, which is why it’s important to him that he manages his credit now.

As we talked, I was reminded of a recent survey from Credit Karma about the financial mistakes made by young adults as a result of a lack of financial education. My friend’s mistakes weren’t as devastating as what others have done to their situation, and he had been sufficiently conservative with his money to avoid serious debt problems. Others aren’t so lucky, though. According to Credit Karma, some of the major mistakes many young adults (68%) make before turning 30 include:

  • Overspending on credit cards
  • An account sent to collections
  • Defaulting on a loan
  • Missing payments

According to the survey data, about 75% of the respondents felt like their financial mistakes made before age 30 impacted their quality of life in a negative manner. The mistakes made in your 20s can affect you years down the road. It can even prevent you from moving forward with your life as you would like.
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You may not realize it, but in between making corny jokes and yelling about who touched the thermostat, your father taught you a great deal about money.

Dads are usually the financial teacher in the family, but even fathers who never spoke a word about the family budget passed along important money wisdom to their kids. That’s because Dads’ favorite words of wisdom – just like Mom’s – offer great insight into managing your money even if they seemingly have nothing to do with finance.

If you ever heard your father tell you one of these old sayings, you should thank him. That’s because he gave you an excellent financial education without you even knowing it.
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knowing yourselfA large part of success is in knowing yourself. This is true whether you are starting a relationship or whether you are working towards a financially stress free life. If you want to create success in personal finance, then you want to cultivate the behaviors that will lead to financial freedom. Here are some things to consider about yourself to help you achieve your financial goals:

What are Your Strengths?

One of the best things you can do is to acknowledge your strengths. Figure out what you are good at and see if you can turn those into extra income. Consider your strengths as they relate to money. Do you have skills that others are willing to pay for? Can you create something with your hands that others are willing to buy? Are you good with research? Do you have good self-discipline? Recognize your strong points and find ways to apply them to your financial life. You’ll be able to accomplish more and do it faster if you can create a financial plan that plays to your strengths.
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