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Financial Friday: Saving for a big ticket item

Hi friends,

Let’s talk about saving for a big ticket item.

Here’s my plan that I use:

– Pick an item to save to save for

– Make a savings plan: I want a $250 TV and I want to save for it in 5 months.  I’ll take $25 out per payday, $50 a month, and put it in a mayo jar in my house.

– Price shop/look up reviews for the item while I save for it

– Decide on what I’m going to buy

– Buy it at the end of my 5 month savings period

Try it!
Amy

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Kids on Wednesday: Sleepover plan

Hi friends,

One of the best parts of summer is the freedom to let your kids have a sleepover.

Discuss with them who they would like to invite for a sleepover, and plan a date.  Whether it’s with a friend, cousin, grandparent, your child will love to make a plan.

It will be so fun and planning in advance will take the last minute pressure off of you!
Amy

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Organized Thursday: Plan your summer projects

Hi friends,

Do you have a couple of organization projects that you’ve been saving for summer holidays?  Now is the time to plan those back burner projects!

First, identify the one, or two projects that you want to complete.  Mine are re-doing the bar floor, and building a laundry base.

Then, research the materials and write down a project budget.  This is a 20 minute exercise, and it doesn’t have to be fancy or too detailed.

Next, pick a timeline, like I want to complete this project on the July long weekend. I will buy materials the previous weekend.

Last, do your project and enjoy it!
Amy

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Organized Thursday: Summer calendar check

Hi friends,

We are getting to my favourite time of year – the crazy no school, camping, vacation, sleep away camp, “unscheduled” days of summer.  It’s a good time to take a look at your calendar and plan your events.

If you host a yearly BBQ, plan that now, to make sure that everyone has enough notice.  If you want to host a garage sale, pool party, or have a summer birthday, plan those events in advance, give them a date so that you don’t end up in September wondering what happened to your great idea that never was executed.

If you are a camper, plan your camping weekends and your appointments around that, and invite friends along in advance.

A little planning in advance will make your summer much more fun!
Amy

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Financial Friday: Make a found money plan

Hi friends,

Sometimes in life, we have that most excellent moment of having “found money”.

Whether it’s an unexpected check, an extra payday in a month, a tax return, it’s a great idea to have a plan in advance for such occasions, so that your eyes don’t glaze over and you go on a shopping spree or a trip, automatically!

This can be as simple as a post it note that you and your partner agree on.

You can have priorities, like, all extra money goes to saving for a new roof, or the kids hockey fees.  Or you can divvy it up by percentage, like if we receive any extra money, half will go to the credit card and the other half we will use to buy a car stereo that we want.  Just having that talked out plan will make your financial direction as a team so much easier when you do get an unexpected amount.

Amy

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Financial Friday: Maintaining your home

Hi friends,

It’s been said before that your home – whether it’s a condo, a townhouse, or a detached house, is your biggest investment.  Unfortunately, over time, different things need replacing or special cleaning or upgrading.

Plan a little walk through with a friend, or your spouse, it’s a good idea to have an extra set of eyes.  Take a notepad or a tablet and start at the front, work your way from room to room, and make a quick list of the items that need maintenance and how to do it.  If you don’t know how to, I would look it up online, consult with friends, or a professional, depending on what it is.  Then, rank your priorities and figure out how much each item will cost to complete.  Then set deadlines with dates for each action item.  Take on three at a time, don’t overwhelm yourself, but do commit to action.

Often, you can find a simple solution for something that seems huge.  Recently, our gas fireplace wasn’t lighting, I had a free gas appliance check performed, and the Atco guy told me that all that needed to be replaced was the wall switch.  The wall switch was under $10 and it only took Mike 5 minutes to swap them out.  Now, my gas fireplace lights every time!  Yay for maintenance!  🙂
Amy

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