Tag: Relationships

Gratitude in a Difficult Year

This year took so many twists and turns we haven’t been able to keep count– often leaving us in complete overwhelm with a whirlwind of thoughts and emotions. Grief, anxiety, and sheer disappointment are just a handful that comes to mind when we reflect on the endless amount of curveballs life has thrown over the past year. Tragedy and loss plagued the entire world, leaving us speechless day after day. Despite the darkness that loomed for what seems like an eternity there has been an outpour of positives that we can’t forget to remember. As 2020 quickly comes to a close, let’s take the time to decompress and reflect on the happier moments we were lucky enough to live through and witness. Even though Thanksgiving may look less traditional than previous years, we still can readily name some things that shift our hearts to a place of gratitude.

Family first

Let’s face it – the hustle and bustle of life impact our family and friends more than we’d like to admit. Competing schedules, conflicts, and not making enough time for those that matter are often reasons why we are unable to nurture the people we hold near and dear. Because of restrictions on travel and other entertainment, we were forced to become more creative with our time indoors; in turn, helping us to restore the meaning of family and work-life balance. Quite frankly, it allowed us to hit the pause button on everything that probably was unintentionally too high on the priority list in the past. Our families served as the safety net it’s supposed to be when the weight of the world (and social media) became overbearing with less than desirable news. We utilized technology to a new degree when scheduling virtual happy hours, catch up sessions with our loved ones, and birthday celebrations in other geographic areas. It made us truly appreciate the very thing we took for granted; all the people that make up our family tribe.  

Curating and developing passions

2020 generated a newfound level of introspection, leaving our minds to really consider what it is that we really cherish the most. Whether it be career-related or new passion projects, this year made room for some much-needed self-reflection, making us reassess where our fulfillment really comes from. Leveraging books, social media outlets, and various streams of consuming knowledge-based information sent us on a path of rediscovery. Remember that ‘other’ to-do list that’s filled with the things you really don’t want to do around the house? It even made that list appear fun-filled! Home improvement projects and DIY tasks were done with enjoyment while being budget-friendly. Adulthood can be full of things that aren’t as exciting, but mustering up the courage to take ideas from ideation to execution served as a second wind. New business ventures and side hustles were birthed with unmatched creativity, a place many of us haven’t been in quite some time. Existing businesses were able to thrive despite the unprecedented events occurring nationally. Funding was also provided to various business owners which granted many small businesses to increase their visibility while positively generating profit. 

The importance of sustainment

There are a countless number of families that were impacted by job loss and/or unexpected expenses. It doesn’t matter if things started off rocky financially – what matters most is you’re still standing. Getting caught up on bills, eliminating some debt and saving are all things to be very proud of. Temporary hardships don’t have to turn into permanent problems. Creating a plan of action and sticking to it no matter what arises will always be rewarding. Celebrating the small wins should never be overlooked. We’ve all handled this year in different ways – but what’s most important is discovering what works for you. Rule of thumb for those that are battling with the ‘not enough’ emotions: don’t believe the hype. While there is a multitude of people accomplishing great things, there are also many imposters. Social media is a highlight reel, a virtual platform where people can share whatever information they choose, at their discretion. People are more likely to share their highs versus their lows, so be sure to keep in mind you may only be getting a small piece of the overall story. Don’t look at someone else’s life and fail to recognize what you’ve done on your own. Financial progress, no matter how insignificant you may think it is – is still progress. We all make financial missteps and life has a way of making things very difficult that hit us where it really hurts. Keeping your head above water, remaining afloat, maintaining your health, and providing for your family should never be considered a small feat. Grant yourself some grace and reflect on the dedication it took for you to get (and stay) where you currently are.

Back to the basics

This year forced us to really hone in on what matters and prioritize accordingly. This applies to our lives, but most importantly our finances. Pulling back the curtain to really take a look and evaluate where money was going served as a constant reminder that we should be doing this more than the occasional once or twice a year. It’s never too late (or too early) to create new money habits! Financial stability is essential – and maybe the cushion we imagined should be enough proved itself to be untrue. Our willingness to make changes at a faster rate to ensure the financial security of our families felt less painful and so much more intentional. The uncertainty of everything occurring allowed us to complain less while redefining comfort levels with our contingency plans.

No matter what has transpired this year, what are you most thankful for? As things come to mind be sure to jot them down. Reference them when your days seem laborious or when your feelings try to force you to reflect on things that aren’t as positive. It’s clear we don’t know what the future holds, but we do know (and have been reintroduced) to the moments, things, and people that continually keep us hopeful and thankful – no matter what lies ahead.

The post Gratitude in a Difficult Year appeared first on MintLife Blog.

Source: mint.intuit.com

How to Consolidate Credit Card Debt

Credit card debt is on the rise. Millions of Americans are in over their heads. They’re losing sleep, losing control, and worried about what the future will hold. But there are solutions, and consolidation is one of the best.

Consolidation works by “consolidating” multiple debts into one. It’s the perfect solution for mounting debt, one that doesn’t destroy your credit score, liquidate your assets, or make it difficult to acquire mortgages and personal loans in the future.

With that said, let’s look at some of the best ways to consolidate credit card debt.

Option 1: Do It Yourself

The idea of debt consolidation essentially boils down to acquiring a large, low-interest loan and using that to repay multiple high-interest debts. If your credit score is high enough, you can get that loan yourself, clear your credit card debts, and then focus on repaying the loan.

Do It Yourself Consolidation Explained

The average credit card APR is close to 20%. If you have a balance of $10,000 and a monthly payment of $300, this APR will cost you over $4,700 in total interest and your debt will be repaid in just over 4 years. If you were to acquire a $10,000 personal loan at a respectable rate of 8% over the same 4 years, you’ll pay just under $1,800 in interest.

That’s a saving of nearly $3,000 over 4 years, and it’s based on an 8% rate (lower rates are available) and on the assumption that you don’t accumulate any credit card penalty fees or penalty APRs, which are very common on rolling balances.

Pros

  • You Will Save Money: As noted above, this process could save you a lot of money over the long-term and will also free up some additional cash in the short-term.
  • Complete Control: You don’t have to worry about company fees and service charges; you don’t need to concern yourself with hidden terms. With this credit card consolidation option, you are in complete control.
  • Easy on Your Credit Score: While your credit score will take an initial hit because of the loan inquiry and the new account, as soon as you use that loan to clear your credit card debts you should see an improvement. Just remember to keep those cleared cards active, otherwise, your credit utilization ratio will drop.

Cons

  • Good Credit Needed: For this option to be viable, you will need an excellent score. Anything less and you may struggle to be accepted for a low-interest loan. Let’s be honest, if you’re struggling with growing credit card debt, the odds of you having a flawless credit score are pretty slim.
  • On Your Own: While there are benefits to doing everything by yourself, it can also be a little time consuming, and if you don’t know what you’re doing, it can be intimidating.

Option 2: Work with a Debt Management Company

Credit counseling agencies can help you manage your debt by working with your creditors. A new payment structure will be created, and your money will go straight to the agency, after which it will be released to your creditors.

Debt Management Consolidation Explained

To begin the process, search for reputable debt management services in your area. They will assess your situation and determine if you are a good fit for the program. Some charge fees, some don’t, but all will serve as an intermediary between you and your creditors.

Every month you will make a single payment and the money will then go to your creditors. The agency will negotiate reduced payments by bringing the interest rates down and removing fees, therefore making these debts cheaper and more manageable.

Pros 

  • Professional Help: Get quality support from an experienced debt management company, one that will assume control and take the stress away.
  • Cheap: This is one of the cheapest and most cost-effective ways to clear your credit card debt, greatly reducing your total interest repayments.

Cons

  • Fees: Some debt management companies charge fees for their services, although these tend to be nominal and you’ll still save more money in the long-term.
  • Canceled Contract: If you fail to make one of the agreed-upon repayments, your creditors may cancel the improved contract and revert back to the previous terms, erasing all the agency’s hard work.

Option 3: Balance Transfer

A balance transfer is a promotion offered on new credit cards. It invites you to move your balance from your current card to a new one, and in exchange, it offers a period of 0% interest. 

You will need to pay a balance transfer fee, and this is typically charged at between 3 and 5% of the total transfer amount, but it’s often one of the cheapest and easiest ways to consolidate credit card debt.

Balance Transfer Consolidation Explained

As an example of how balance transfers work, let’s imagine that you have three credit cards, each with a maxed-out balance of $10,000 and an APR of 20%. If you’re repaying $300 a month, that’s $900 a month and in 4 years and 2 months, you’ll pay around $14,000 in interest to clear the full $30,000.

Alternatively, you can move all three balances onto a single balance transfer card with a $30,000 limit. Immediately, that balance could grow to $31,500. If you continue paying $900 a month and the balance transfer period lasts for 18 months, the balance will be just $15,300 when interest begins to accrue again. And if you use that 18-month period to initiate a debt repayment strategy, you could clear it in full and avoid paying any interest.

Pros 

  • Multiple Balances Can be Consolidated: You can consolidate multiple credit card balances, providing you’re not moving them to the same creditor.
  • No Interest Repayment: If you plan it properly, you can repay your balance in full before accruing any interest.
  • Available to Everyone: Credit cards are generally easier to acquire than low-interest personal loans and you won’t need an excellent credit score to get a good one.

Cons  

  • Higher Interest: The interest rate and fees may be higher once the 0% balance transfer period ends. If you use the intro period to avoid repayments and not to clear your debt, you could find yourself in serious trouble when interest begins to accumulate again.
  • Large Limits May be Difficult: The bigger your current credit card balances are, the harder it will be to get a balance transfer card with a large enough limit.
  • Fees: Although it’s a great option for consolidating credit card debt, it’s not completely free, as you’ll pay an initial balance transfer fee.

Option 4: Debt Consolidation Loans

Some companies offer specific loans tailored toward debt consolidation. These options work a lot like personal loans, as they are large loans designed with consolidation in mind. However, there are a few key differences, including the fact you don’t need an excellent credit score.

Debt Consolidation Loans Explained

The ultimate goal of debt consolidation loans is not to save you money in the long-term or to reduce the debt period. In fact, it does the opposite. The goal is to reduce your monthly payment and give you a smaller rate of interest, but it does this while increasing the loan period, which means you ultimately pay more money over the term.

Pros

 

  • More Money Every Month: Your monthly payments will be reduced, freeing up some extra cash to use every month.
  • Cleared Debts: Your credit card debts will be cleared in one fell swoop, potentially giving you some financial breathing space.

 

Cons

  • Longer Period: The total length of your debt will be extended, which means you’ll be stuck with the debt for a prolonged period.
  • Cost: While you’ll save some money every month, you’ll do so at the cost of an increased overall balance. Depending on your credit score, you could find yourself paying thousands more in total repayments.

Other Credit Card Debt Consolidation Solutions

If you have a supportive and financially-free family, you can ask them for the money to clear your debts and then promise to repay them in time. 

Of course, this option isn’t without its problems. Firstly, there’s the old adage that you should never lend money to friends or family. It may seem pretty heartless, but it’s a saying steeped in experience. It causes problems, as that debt is right at the bottom of the borrower’s list of priorities and if they’re skipping payments and begging for relief, while at the same time buying new clothes and going out every night, it can anger the borrower.

To avoid these issues, agree to pay them in monthly installments, offer a little interest, and get everything in writing. Make that debt your priority, because by skipping your payments you’ll be hurting your finances and your relationships.

Don’t guilt-trip a friend or family member into lending you money. Don’t ask them unless you have a very close relationship with them, have known them a long time, and know they can easily afford to lend you money. The last thing you want is for them to leave themselves short or to acquire debt just to help you out.

Alternatively, if you own a significant amount of home equity, you can opt for a home equity loan. This will give you a sizeable loan charged at a small rate of interest. It will take longer to repay your mortgage, but by reducing your debt demands you’ll save more money in the long-term.

How to Consolidate Credit Card Debt is a post from Pocket Your Dollars.

Source: pocketyourdollars.com

10 Minimalist Lifestyle Tips to De-Stress and Save Money

Minimalism has become a popular practice in recent years. When you live as a minimalist, you strive to only use things that serve a purpose. It’s about living simply and having only what you need to go about your daily life. For instance, some people may start a no-spend challenge or only fill their home with items they absolutely need. Not only could you save money, but you can also save time on cleaning and organizing.

Practicing minimalism is an ongoing process. You’ll always find ways to improve and modify your minimalism. To start, evaluate what currently serves a purpose in your life and what may be superfluous. When you practice a minimalist mindset, you’re choosing to live a more focused life. You may start with cleaning up your budget and then move on to organizing your home. Taking the first steps to declutter your life is a big move, but you might need a game plan to make these habits stick.

Many of us may have too much stuff, and may even be spending too much on unnecessary purchases. Establishing a consistent and healthy budget should help you cut down on the things you don’t need and may even reduce your anxiety and stress. To keep track of your minimalist budget, download our app for easy accessibility. If you’re considering doing some decluttering this season, skip to our infographic or keep reading for in-depth tips on practicing a minimalist lifestyle.

Minimalist Lifestyle Starter Tips

When first starting out your journey, it’s important to start small. From changing your shopping habits to going strictly digital, there are lots of ways to switch up your routine. Here are our go-to tips for kickstarting your minimalism journey.

1. Shop Quality, Not Quantity

Minimalism doesn’t mean you never go shopping, it just means you’re more intentional with your purchases. Whether you’re in need of a new pair of running shoes or work pants, invest in quality pieces that will last you a long time. Even though a higher price tag may be less than ideal at the time, you’ll likely save money in the long run by cutting down on frequent purchases. Not to mention, you’ll cut down on waste — one garbage truck of clothes is discarded every second.

2. Digitize Movies and Books

If you’re a big reader or movie watcher, consider going digital with your collection. This will save space in your home and make sure you can always find what you want. Instead of having to go to the store for your next read, you could get it at your fingertips in a couple of clicks. If you like to physically feel the book pages every time you flip the page, consider checking out your local library. You can find all sorts of books at no charge.

3. Eliminate, Eliminate, Eliminate

One of the most important parts of minimalism is cutting down on things you don’t need. To start decluttering, identify what serves a purpose in your life and what doesn’t. From there, start to see how you can cut down items that don’t add value to your life, and then get rid of them entirely. You could test the waters by doing a mindful money challenge before decluttering your whole life.

4. Invest In Reusables

As you start to declutter your home, consider what products could be reused. One simple change could be swapping out your disposable water bottles for a glass reusable one. Or, even bring your reusable takeaway coffee cup with you every time you visit your local cafe. Not only could you get a discount for bringing your own cup, but you’re also helping cut down on single-use products!

5. Give Everything a Place

Once you get into a rhythm, give every item a place. Get creative with storage bins and organizers to ensure you’re able to store exactly what you need. If you don’t have a spot for some of your extras, it may be time to consider if they are items you really need to keep. As your minimalist space falls into place, hold yourself accountable for putting away items once you’re done using them.

Minimalist Lifestyle Tips In-Post Image

5 Money-Saving Minimalism Best Practices to Follow

It’s one thing to start out your minimalism journey, but another to keep your practice going. To live an intentional life, there are some easy practices to follow. Keep reading to see where this could help save you more time, money, and stress.

1. Invest in Experiences

A popular practice in minimalism is prioritizing experiences over buying material items. Some people value the memories created from trips or classes over having the latest gadgets or fashions. Determine where you stand and spend intentionally.

As minimalism may cut down on your “extra” budget expense, you may also have more leeway to spend on other things. With this extra budget, be intentional with where you choose to put your money. Save up your takeaway coffee budget to invest in a weekend away with your family. You may find yourself saving more and spending less time on things that drain your budget.

2. Re-Audit Your Life Frequently

Take time to assess your current spending habits and then consistently review them. Always cut out things that take up space or events that drain your energy. As you get more comfortable, you may find yourself wanting to get rid of things you thought you couldn’t live without. For instance, your cluttered kitchen may be useless if you reach for the same items every time you cook — cut down on the things you haven’t used to make more room to cook.

3. Cut Meaningless Expenses

Turns out, the average American spends $18,000 a year on unnecessary purchases. As you review your budget, you may be able to cut out a large portion of these expenses. For things you may not want to completely eliminate, find inexpensive alternatives. You may swap a vacation across the county for a staycation in the comfort of your backyard.

4. Let Go of What You Can’t Control

Letting go of things you can’t control may seem easier said than done. To find that balance, start by focusing on things you love to do or have. Once you have narrowed down what’s most important to you, focus your energy on that. Being thankful for what you do have may even cut down on your budget. You may find yourself reusing what you do have rather than wanting more.

5. Appreciate What You Have

Practice gratitude and focus on the positives. Instead of scrolling through social media, write out three to five things you’re grateful for. Practicing gratitude first thing in the morning may put you in a positive mood and help you prepare for the day ahead of you. Being grateful for what you have might even cut your urge to overspend on things you don’t need.
could be a minimalist? If so, check out our top TED Talk tips for practicing minimalism and how it may benefit you. Turns out, sometimes living with less could mean so much more.

Sources: Making Sense of Cents | CNBC 1, 2

The post 10 Minimalist Lifestyle Tips to De-Stress and Save Money appeared first on MintLife Blog.

Source: mint.intuit.com

8 Ways to Save Money on Date Night

Whether you’re cozying up on the couch together with a bottle of wine or headed out to the trendy restaurant everyone’s talking about, date night is an essential part of most relationships.

“Date nights are important because they give new couples a chance to get to know each other and established couples a chance to have fun or blow off some steam after a rough week,” says Holly Shaftel, a relationship expert and certified dating coach. “Penciling in a regular date can ensure that you make time for each other when your jobs and other aspects of your life might keep you busy.”

Finding ways to spend less on date night can be easy if you're willing to be creative.

There’s just one small snag. Or, maybe it’s a big one. Date nights can get expensive. According to financial news website 24/7 Wall St., the cost of an average date consisting of two dinners, a bottle of wine and two movie tickets is about $102.

When you’re focused on improving your finances as a couple, finding ways to spend less on date night is a no-brainer. But you may be wondering: How can we save money on date night and still get that much-needed break from the daily grind?

There are plenty of ways to save money on date night by bringing just a little creativity into the mix. Here are eight suggestions to try:

1. Share common interests on the cheap

When Shaftel and her boyfriend were in the early stages of their relationship, they learned they were both active in sports. They were able to plan their date nights around low-cost (and sometimes free) sports activities, like hitting the driving range or playing tennis at their local park.

One way to save money on date night is to explore outdoor activities.

If you’re trying to find ways to spend less on date night, you can plan your own free or low-cost date nights around your and your partner’s shared interests. If you’re both avid readers, for example, even a simple afternoon browsing your local library’s shelves or a cool independent bookstore can make for a memorable time. If you’re both adventurous, check into your local sporting goods stores for organized hikes, stargazing outings or mountaineering workshops. They often post a schedule of events that are free, low-cost or discounted for members.

2. Create a low-budget date night bucket list

Dustyn Ferguson, a personal finance blogger at Dime Will Tell, suggests using the “bucket list” approach to find the best ways to save money on date night. To gather ideas, make it a game. At your next group gathering, ask guests to write down a fun, low-budget date night idea. The host then gets to read and keep all of the suggestions. When Ferguson and his girlfriend did this at a friend’s party, they submitted camping on the beach, which didn’t cost a dime.

.block-quote_5back { background-image: url(https://865cd2fc18498405a75a-f8cbe8cb758c89f0cd738fe08520ecb9.ssl.cf5.rackcdn.com/online-banking/banking-topics/wp-content/uploads/2017/09/5back-730×500.jpg); } @media (min-width: 730px) { .block-quote_5back { background-image: url(https://865cd2fc18498405a75a-f8cbe8cb758c89f0cd738fe08520ecb9.ssl.cf5.rackcdn.com/online-banking/banking-topics/wp-content/uploads/2017/09/5back-1600×600.jpg); } }

The cost of an average date consisting of two dinners, a bottle of wine and two movie tickets is about $102.

– Financial news website 24/7 Wall St.

To make your own date night bucket list with the best ways to save money on date night, sit down with your partner and come up with free or cheap activities that you normally wouldn’t think to do. Spur ideas by making it a challenge—for instance, who can come up with the most ideas of dates you can do from the couch? According to the blog Marriage Laboratory, these “couch dates” are no-cost, low-energy things you can do together after a busy week (besides watching TV). A few good ones to get your list started: utilize fun apps (apps for lip sync battles are a real thing), grab a pencil or watercolors for an artistic endeavor or work on a puzzle. If you’re looking for even more ways to spend less on date night, take the question to social media and see what turns up.

3. Alternate paid date nights with free ones

If you’re looking for ways to spend less on date night, don’t focus on cutting costs on every single date. Instead, make half of your dates spending-free. “Go out for a nice dinner one week, and the next, go for a drive and bring a picnic,” says Bethany Palmer, a financial advisor who authors the finance blog The Money Couple, along with her husband Scott.

.post__breaker–7299 { background-image: url(https://865cd2fc18498405a75a-f8cbe8cb758c89f0cd738fe08520ecb9.ssl.cf5.rackcdn.com/online-banking/banking-topics/wp-content/uploads/2019/03/8-Ways-to-Save-Money-on-Date-Night_4-FULL-450×200.jpg);}@media (min-width: 450px) { .post__breaker–7299 { background-image: url(https://865cd2fc18498405a75a-f8cbe8cb758c89f0cd738fe08520ecb9.ssl.cf5.rackcdn.com/online-banking/banking-topics/wp-content/uploads/2019/03/8-Ways-to-Save-Money-on-Date-Night_4-FULL-730×215.jpg);} }@media (min-width: 730px) { .post__breaker–7299 { background-image: url(https://865cd2fc18498405a75a-f8cbe8cb758c89f0cd738fe08520ecb9.ssl.cf5.rackcdn.com/online-banking/banking-topics/wp-content/uploads/2019/03/8-Ways-to-Save-Money-on-Date-Night_4-FULL-992×400.jpg);} }@media (min-width: 992px) { .post__breaker–7299 { background-image: url(https://865cd2fc18498405a75a-f8cbe8cb758c89f0cd738fe08520ecb9.ssl.cf5.rackcdn.com/online-banking/banking-topics/wp-content/uploads/2019/03/8-Ways-to-Save-Money-on-Date-Night_4-FULL-1200×400.jpg);} }@media (min-width: 1200px) { .post__breaker–7299 { background-image: url(https://865cd2fc18498405a75a-f8cbe8cb758c89f0cd738fe08520ecb9.ssl.cf5.rackcdn.com/online-banking/banking-topics/wp-content/uploads/2019/03/8-Ways-to-Save-Money-on-Date-Night_4-FULL-1600×400.jpg);} }

4. Have a date—and get stuff done

Getting stuff done around the house or yard may not sound all that romantic, but it can be one of the best ways to save money on date night when you’re trying to be budget-conscious. And, tackling your to-do list—like cleaning out the garage or raking leaves—can be much more enjoyable when you and your partner take it on together.

5. Search for off-the-wall spots

If dinner and a movie is your status quo, mix it up with some new ideas for low-cost ways to save money on date night. That might include fun things to do without spending money, like heading to your local farmer’s market, checking out free festivals or concerts in your area, geocaching—outdoor treasure hunting—around your hometown, heading to a free wine tasting or taking a free DIY class at your neighborhood arts and crafts store.

“Staying creative allows you to remain flexible and not bound to simply doing the same thing over and over,” Ferguson says.

6. Leverage coupons and deals

When researching the best ways to save money on date night, don’t overlook coupon and discount sites, where you can get deals on everything from food, retail and travel. These can be a great resource for finding deep discounts on activities you may not try otherwise. That’s how Palmer and her husband ended up on a date night where they played a game that combined lacrosse and bumper cars.

Turn to coupons and money-saving apps for fun ways to save money on date night.

There are also a ton of apps on the market that can help you find ways to save money on date night. For instance, you can find apps that offer discounts at restaurants, apps that let you purchase movie theater gift cards at a reduced price and apps that help you earn cash rewards when shopping for wine or groceries if you’re planning a date night at home.

7. Join restaurant loyalty programs

If you’re a frugal foodie and have a favorite bar or restaurant where you like to spend date nights, sign up for its rewards program and newsletter as a way to spend less on date night. You could earn points toward free drinks and food through the rewards program and get access to coupons or other discounts through your inbox. Have new restaurants on your bucket list? Sign up for their rewards programs and newsletters, too. If you’re able to score a deal, it might be time to move that date up. Pronto.

8. Make a date night out of budgeting for date night

When the well runs dry, one of the best ways to save money on date night may not be the most exciting—but it is the easiest: Devote one of your dates to a budgeting session and brainstorm ideas. Make sure to set an overall budget for what you want to spend on your dates, either weekly or monthly. Having a number and concrete plan will help you stick to your date night budget.

.block-quote_1back { background-image: url(https://865cd2fc18498405a75a-f8cbe8cb758c89f0cd738fe08520ecb9.ssl.cf5.rackcdn.com/online-banking/banking-topics/wp-content/uploads/2017/09/1back-730×500.jpg); } @media (min-width: 730px) { .block-quote_1back { background-image: url(https://865cd2fc18498405a75a-f8cbe8cb758c89f0cd738fe08520ecb9.ssl.cf5.rackcdn.com/online-banking/banking-topics/wp-content/uploads/2017/09/1back-1600×600.jpg); } }

“Staying creative allows you to remain flexible and not bound to simply doing the same thing over and over.”

– Dustyn Ferguson, personal finance blogger at Dime Will Tell

Ferguson says he and his girlfriend use two different numbers to create their date night budget: how much disposable income they have left after paying their monthly expenses and the number of date nights they want to have each month.

“You can decide how much money you can spend per date by dividing the total amount you can allocate to dates by the amount of dates you plan to go on,” Ferguson says. You may also decide you want to allot more to special occasions and less to regular get-togethers.

Put your date night savings toward shared goals

Once you’ve put these creative ways to save money on date night into practice, think about what you want to do with the cash you’re saving. Consider putting the money in a special savings account for a joint purpose you both agree on, such as planning a dream vacation, paying down debt or buying a home. Working as a team toward a common objective can get you excited about the future and make these budget-friendly date nights feel even more rewarding.

The post 8 Ways to Save Money on Date Night appeared first on Discover Bank – Banking Topics Blog.

Source: discover.com