Money Talk With Slater

Making Money Across the Board

Monthly archives "July 2018"

Taking a Vacation on a Budget

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Taking a family vacation doesn’t have to make the family broke. If you are willing to be flexible about opportunities and timing, you can get a good deal. From money-saving strategies to bargain destinations, here’s the 411 to creating the perfect budget-friendly family vacation with kids.

The secret to arranging an affordable family vacation is developing a game plan that’s surefire and simple. Here’s how to craft a no-fail plan that will guarantee you are forever able to have a great getaway at an affordable cost.

If it’s May, it’s that time for getaways from the professional travel groups. The spring is the time for travel sales have savings of up to 60% off regular prices. Every year, over 25% of the US top travel brands have teamed up with the U.S.T.A. to provide travel deals not available anywhere else.

Dying to get away but don’t want to spend a lot of money? Get the kids and get to packing. Memorial Day weekend is one of the year’s best secret seasons. Impulsive travelers can get some of the largest savings.

The simplest way to keep family vacation costs low? Choose a place in driving distance of where you reside.

These travel deal websites will hook you up with incredible getaway deals close to where you live. Sign up for alerts and newsletters using a new e-mail account just for vacation info.

For vacations where it makes more sense to fly, sign up for alerts from sites that follow airfares. If you pick just one, make it AirfareWatchdog, which allows you to get alerts based on your home airport. This way, you’re always in the know about which destination is having a great sale and you can be the first to book tickets. This year, make that family vacation dream come true!

Manage Your Finances When You’re Laid Off

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No one is exempt from layoffs. Whether you’re 20 or 50, odds are that sooner or later you will find yourself, usual through no fault of your own, out of a job. So it’s only logic to plan ahead. Many money advisers recommend saving equal to six months’ salary to help you if you find yourself unemployed. You will possibly need more, particularly if you have a family and are the main bread winner.

Some things you can’t plan for

However, most of us don’t think about this scenario until we are really laid off. So what do you do if you haven’t organized your finances?

Determine How You Are Spending Your Money

When times are good, most people don’t consider how they spend money. We know how much the rent, car note, or mortgage is, but we don’t give much attention to daily spending. How much do we spend eat out at restaurants? What is your grocery bill every week? What about insurance and energy costs? Being more conscious of how you spend your money will make you think about spending it more wisely. Especially when you don’t have a check coming in every two weeks.

See Where You Can Cut Back

If you’re going to be laid off, you need to create a plan for reducing expenses. Create a budget that removes most unnecessary expenses, but don’t entirely remove entertainment. You need to keep up your spirits and stay in touch with your contacts. Though, you can reduce these expenses significantly. Find cheap places to go out to drink and eat. Go to budget movies instead of plays, always getting the reduced admissions. Don’t give up the gym but think about joining a less costlier one, unless you use the gym to network. Crank your thermostat up in the summer and down in the winter.