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If a budget emergency strikes, your best response is to act quickly. This course will teach you to live a more wallet-friendly lifestyle so you can weather any budget crisis. We’ll also help you find ways to save more of your income rather than spending every dime.
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911Budget
Flickr/MikeSchmid
For more information go to: Credit.org/Blog/Courses
About us
2
Springboard is a non-profit agency formed in 1974 by business leaders and credit grantors. Our mission is simple, yet vital: Our people improve the lives and financial well-being of individuals and families by providing quality financial education and counseling...We are here to help.
www.Credit.org/Blog 1(800) 896-0030
Learn how to
Save money
live a frugal lifestyle&
Flickr/MikeSchmid
Learn how to
categorize expensesFlickr/NewtonFreeLibrary
Needs Wantsvs
needs wantsUtilitiesHousingFoodTransportation
Cable TVDesigner clothingMagazinesFast foodMobile internet
Anything that is necessary for you to
earn a living is a need
Household
Flickr/CaptPiper
Expenses
NEEDS
HousingNEEDS
Flickr/samuraislice
• Homeowners should try to refinance their mortgage• Contact a HUD-approved housing counselor• Find a less expensive home to rent
www.HomeOwnership.orgGO TO:
Flickr/samuraislice
Make your home
energy efficient
Flickr/notashamed
NEEDS
• Add weather stripping to doors and windows• Turn furnace thermostat down to 68° in the winter • Turn the AC down to 78° in the summer• Unplug appliances when not in use• Use a clothesline
Cut the cord!
Flickr/starttheday
NEEDS
• Downgrade landline to local-only calling• Use Google Voice or Skype to make free calls.• Cancel extra services such as called ID, voicemail, etc.• Remove add-ons like texting and mobile web access• Cancel your cable or satellite TV
Trade DownNEEDS
• Review your insurance coverage, and raise deductibles• Talk to your insurance agent about lower rates• Trade down to a cheaper, more fuel-efficient vehicle• Join a carpool
Flickr/J-P F
• Shop at multiple stores and plan ahead• Prepare your own meals at home• Visit a Farmer’s Market• Don’t shop for food when you are hungry or tired• Pay attention to your receipts• Sign up for your store’s rewards program• Buy non-grocery items at discount retailers
FoodExpenses
NEEDS
Source: GoodCooking.com
12% to 25% of all food bought in the U.S. is
eventually discarded.
Source: US Dept. of Agriculture
Americans throw out11 BILLION POUNDS
of fruit and vegetablesevery year
Flickr/Weidmaier
Flickr/Bob.Fornal
Coupons!I
FREEFind Couponswww.Credit.org/Blog/Deals
www.Redplum.comwww.CouponCabin.com
www.Valpak.comwww.SmartSource.com
www.Ebates.comwww.Coupons.com
www.CoolSavings.comwww.CouponMom.com
Tip!Don’t forget to sign up for these websites’ newsletters and email coupon updates.
• Look on the back of your receipt for coupons• Double-value manufacturer coupons• Get your coupons organized• Be flexible with coupons and stock up• Look on Facebook and Twitter for coupons
FREEFind Coupons
Up to 60% of manufacturer’s
coupons are never redeemed.
WANTS
BudgetBusters
911Budget
Flickr/mag3737
Dining out
• It is 5 times more expensive to dine out• Only dine out once a month or when you budget for it
WANTS
WANTS
Flickr/willmontague
Entertainment
• Entertainment spending is impulsive• Start an entertainment fund• Be disciplined and only go out when you can afford it
Flickr/djackmanson
Window shopping
WANTS
• Retail shopping is impulsive• Don’t consider it a form of entertainment
Flickr/travisseitler
Overspending
WANTS
• Don’t overspend or buy things you don’t need• Sometimes buying in bulk can save you money• Keep an eye out for sales and clearances
Flickr/zero101
Movies
Flickr/scypaxpictures
WANTS
• Use coupons or attend a matinee• Rent a one-day movie at a kiosk• Find a free movie on TV• Beware of the snack bar• Popcorn at the theater has a 1,275%
FinalThoughts
• Know what is a want and a need
• Pay your housing expenses first
• Make your home energy efficient
• Reduce on utility and mobile phone costs
• Trade down to a cheaper vehicle
• Buy only the food you plan to eat, and don’t dine out
• Use coupons to keep your grocery expenses down
• Keep your “wants” spending to a minimum
Contact Us
1(800) 896-0030
Talk to a Nonprofit Personal Finance CoachWant a Free Budget Analysis?
/CreditDotOrg
Flickr/LaughingSquid
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YouTube.com/SpringboardOrg
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