Learning to Balance Your Money

It’s really easy to drop your money as if there was a hole burned in your pocket, so it’s important to always learn to balance it out!

Let’s put it in perspective for you…. A family of five, for instance, goes to the movies one night. Do you want to know how much money would be spent for that one night?

Try a hundred bucks, easy. If you think that’s crazy, go ahead and try it. You’re looking at $8 or $

Various Federal Reserve Notes, c.1995. Only th...

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9 dollars for the adult tickets, and let’s say you have three younger kids, so $5 each. That would be at least $31 — just for the tickets.

Now keep in mind that you’ve got concessions to worry about, too — each kid gets a bucket of popcorn, a drink, and maybe candy. That’s pretty fair. Let’s skip the possibility that you as the parents don’t get anything. Just the kids. Go ahead and take a quick look at the concessions stand, and you’ll flip on the prices. First off, you get one bag of candy…. For five bucks! A small drink? Yeah, that costs about $4. A small bucket of popcorn can be anywhere from $5 to $6.

Let’s go on the low end here. Do the math, and you’re looking at $14 per kid. That’s $42 total! Add that to $31, and you’re looking at an easy $73 out of your pocket….

Oh, but it doesn’t stop there (forget the fact that you as the parents didn’t even bother to get anything from the concessions). This expense you might not have thought of: travel. Yes, you do have to travel to get to the cinema. It costs gas. Do you know how expensive gas is? Do you know that you have to get to work every day during the week? If your theater is a good 15 minutes away, you’re looking at possibly four or five miles there and back. And at $3 or $4 or even $5 a gallon, that’s pretty steep. You can expect to use at least $10 to make sure you have enough gas in the car for the rest of the week when it involves work. That brings your cost to $83. Out of your pocket.

You see what’s going on here? It’s a numbers game. Learn to balance your money. It’s really easy not paying attention to how much money you really spend, because it’s easy to spend it. So be mindful; your wallet will blow you kisses if you are.

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Financial Trend: Where to Find Assistance

The trends that dictate the direction of your finances can be difficult to handle. Especially when that direction is toward the red, you may inevitably need help with your situation. Know where to turn to make the most of your options and financial resources.

Before turning in a sometimes ill-advised direction, you should always carefully check your personal or family budget. You don’t want to, for instance, take out a high-interest credit card loan when you have a better option. You’ll need to consider how bad the situation really is; perhaps you can meet the upcoming expense with reasonable means.

If indeed you need financial help, know your options. For instance, perhaps payday loans will help you meet tough times, giving you money to pay bills until your cash flow balances your finances once again. You could also consider other lines of credit, such as with your home or credit cards, though there will be drawbacks and advantages with any such option.

Wherever you turn, compare the terms and rates where appropriate. Make sure that you can comfortably handle your choice in your budget. That’s where many people trip up — adding a significant amount to their long-term debt. Additionally, consider working towards preventive measures; an emergency savings account can help meet unexpected expenses.

By carefully evaluating each option, you can decide what is best. You should certainly plan for these events, but sometimes that is just not posible. Evaluate your situation with your budget and proceed appropriately.

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