3 Ways to Regulate Your Finances

Managing your finances is a tough task by nature, even downright overwhelming. Here are a few timeless tips you can use to better manage your money.

Managing your finances is a tough task by nature, but during a time of such uncertainty and economic instability, it can feel downright overwhelming. But whether or not the world is in a period of crisis, there are a few timeless tips you can use to better manage your money.

In this post, we’ll be sharing three ways you can regulate your finances—from tweaking your budget to looking for growth opportunities, we’re here to help make this daunting task a little more doable. 

1. Tailor your budget

One of the biggest personal finance myths is that your budget is a set-it and forget-it tool. The reality is your life is in a constant state of change. From increases in income to job loss and modified expenses, there are so many factors that change how much money you have in the bank. That’s why it’s so important to tweak and tailor your budget regularly. But how often do you need to take inventory, and what should you look at?

A good rule of thumb is to look at your budget if your income or expenses have significantly changed. If you got a promotion, received a pay cut, or moved to a pricier rental, it is time to take a look at your finances. But even if your finances haven’t changed much, you should still do a check-in every few months or so.

So, what should you look for when updating your budget? You can start by making a list of all your income and expenses. Do your best to estimate the variable ones that change month after month. Then, factor in any savings or investments, such as a 401(k) fund that you contribute to. Once you finish, you should have a good idea of what’s left in your budget. You might also know how much you’ll need to cut back to make ends meet or move the needle on your goals.

2. Shop around for the best of the best

Another way you can optimize your finances is by constantly looking out for the best deal. Whether you’re shopping for groceries or a home loan, it’s important to keep your financial interests at the forefront of your mind. Scoping the best deal on the shelves is relatively simple. just look for sale prices and coupons that can increase your savings! Financing, on the other hand, requires a bit more finesse. 

Here are a few key takeaways to help you out: 

  • Work on your credit score: A good credit score will work in your favor when negotiating loan terms. Lenders will be much more apt to give a low-interest rate to someone with a reliable financial history than someone on the opposite spectrum.
  • Compare loan types: Every lender and loan type has its unique requirements, benefits, and drawbacks, so it’s worth looking at all angles so that you can find the best solution for your needs. Reverse mortgage interest rates may be more or less affordable than a home equity loan depending on your situation, so homeowners should take the time to weigh the pros and cons of their options before moving forward.
  • Keep your payment history positive: There are many reasons why it’s important to maintain a good payment history. In essence, it’s tied to your credit. Late payments can incur late fees, and it will almost certainly affect your eligibility for lines of credit later on.  

3. Review extra expenses

There are several “big steps” you can take to get a better grip on your money management. There are also plenty of easy things you can do to cut back on costs that have a substantial impact on your finances. Since we’ve become so reliant on technology, many of our bills are processed automatically. Automatic billing is undeniably convenient, but it also creates a mental disconnect between ourselves and our bank accounts. You could be charged for subscriptions you no longer use or need anymore. By using a subscription cancellation tool, you can optimize your spending and make more room in your budget with minimal effort.

Regulating your finances can feel like a big to-do, but with these three tips, it’s much more manageable! 

Meet the Author

Holly is a Los Angeles-based health and wellness writer who helps readers make positive changes both physically and mentally. Her insightful content about healthy living, delicious recipes, and mental acuity is for every type of reader. Years of experience as a wellness guru and numerous dietitian courses have given Holly valuable insights and strategies that she can use to help boost the accuracy and relevance of your health-related blog.

3 Money-Saving Tips for College Students

Lots of college students have lost their jobs because of the COVID-19 outbreak. Here are some money-saving tips for students in this tough situation.

The coronavirus outbreak has completely turned college students’ lives upside down. Universities have shut their doors and classes are now being held online. Sadly, graduation ceremonies are also being canceled. Since everything is so uncertain right now, college students must save as much cash as they can. These three money-saving tips for college students will help them during these tricky times.

Become a Car Expert

People spend so much money on maintaining their vehicles every year. Use your time in quarantine as an opportunity to tackle these automotive projects yourself. Pop open the hood of your ride and become a pseudo-mechanic. Everyone has nothing but time on their hands right now, so try to learn more about fixing automobiles. If you know how to do mechanical repairs, you’ll save yourself so much dough in the long. You should wash your car yourself, too. Not only will you save yourself some cash, but you can wash your ride however you see fit. The more you know about maintaining your car and fixing repairs, the more money you’ll save.

Eat What You Have

College students are notorious for eating out. It’s so fun to try out new restaurants and share a meal with your friends. Yet, one money-saving tip for college students is to eat what you have in the house. Fight the urge to order food every single day. You won’t believe how much extra cash you’ll have in your pockets at the end of the month. Be creative in the kitchen as well. If you’re social distancing with your parents, use this as a chance to bond. Cook a meal together as a family. Hopefully, you’ll make something delicious—plus, you’ll make memories that’ll last you a lifetime.

Don’t Buy University Apparel

People who are in college love to represent their universities. College students have a blast in their school’s bookstores, both online and in-person, searching for cute t-shirts and stylish hats. Please, save yourself some serious dough and fight the urge to buy university apparel during this time. Your closet is likely full of your school’s clothing anyway. Wear what you have around the house and purchase more when schools reopen. When things return to normal, you’ll be glad you refrained from online shopping.

The world is a very scary place right now, but remember that we’ll get through this stronger than ever. If your college graduation has been canceled, hold onto the great memories you’ve made throughout the past four years. Cherishing those memories will help you get through this until things return to normal.

Meet the Author

Kayla is a writer, artist, and designer from the Chicagoland area. She incorporates her creativity to produce work that is informative and thought-provoking.

6 Ways to Pay Off Your College Debt

Students loan is one of the major financial shackles that young Americans bear. Here are 6 ways you can use to pay off your college debt.

Students loan is one of the major financial shackles that young Americans need to bear for decades and a crisis that has crossed the $1 billion mark long ago. However, it doesn’t need to be a crisis and can be managed with smart decisions. Here are 6 ways you can use to pay off your college debt

1. The Debt Avalanche Method

Depending on your student loans, you may be paying low interest on your undergraduate loans while a higher interest for others. With the Debt Avalanche method, you pay the minimum for all your loans while spending extra saved amount on the highest interest loans. This pattern keeps repeating itself till you pay off each highest interest loan and you move to the next loan in the interest hierarchy. This method helps you pay less interest in the long run.

2. Increase the Frequency of Payment

One of the scariest things about student loans is that it accrues daily. So, the first step would be to calculate the interest that gets accrued every day. You’re one of the fortunate ones if the amount is in single digits. To combat the daily growing interest, you can make payments every one or two weeks instead of once every month.

3. Set-Up Auto-Pay

Every day there are plenty of things that might distract you or grab your attention. Bills, relationships, holidays, FOMO( Fear Of Missing Out) and a thousand things to make you anxious. While you are getting through the chaos of life every day, missing out on payments is a common issue. Setting up autopay would prevent you from paying extra money for missing out on payment dates.

4. Put More Energy and Effort to Bring in More Cash

With saturated markets and a tough economic situation, desirable jobs are scarce. You may not land your dream job right after your Master’s. However, your college debt isn’t going away. So, take every opportunity to earn money. Do as many side gigs as you can apart from your regular day job. Holidays are especially lucrative with plenty of gigs available on Fiverr, Craigslist and TaskRabbit. Don’t forget Amazon mTurk either.

5. Student Loan Forgiveness

There are different ways to have your student loans forgiven. Careers like teaching, medicine (doctors and nurses) or if you work in the public sector and some other scenarios. However, they all require some specific criteria that need to be fulfilled.

6. Adjust Your Tax Withholding and Refund

A lump sum of money each year in the form of a tax refund leaves everyone excited. But with debt, it’s no good and can deteriorate spending habits at the beginning of each year. Instead, you can adjust your tax withholding and get a bit heftier paycheck every month. This gives you more freedom with your cash every month so that you can put it into your student loans.

Being debt-free brings a different kind of joy. It requires discipline and foresight but as soon as you become free of your debt, you feel more happy and relaxed. So, cut down on your expenses and use the above-mentioned methods to pay your college debt faster and smarter.

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Why You Should Use the Bullet Journal to Track Finances

There are many things you can do to manage your finances better. Here are some ways a bullet journal can be useful when it comes to your finances.

Many would agree that the hardest part of transitioning into adulthood is managing your own finances. This is especially true for anyone who has been used to the guidance and support of their parents when it comes to money matters.

When people start making and spending their own money, it’s easy for things to get overwhelming and get out of hand. They start signing up for subscriptions, paying bills, taking out and paying loans – the ins and outs, and the flow of money becomes unbearable, and then soon they’re playing catch-up.

Fortunately, there are many things you can do to manage your finances better, and having a bullet journal is one of them. The Balance notes that bullet journaling is effective in helping you become organized and productive. Aside from allowing you to express your creativity, it can also be easily made to fit your organizational style. Bullet journals help in making you more productive by allowing you to keep track of your goals, as well as inspired and reminded of your passion and dreams. Here are some ways in which bullet journaling can be useful for you when it comes to your finances:

Keeping Track Of Expenses

When you don’t keep tabs on where your money goes, it usually feels like money magically evaporates into thin air. However, when you do, you get an idea of where every single penny goes and are warier the next time you are spending. Through this practice, you can gain insights about where most of your money goes and decide whether that’s really where you want your hard-earned money to be spent. Forbes states that by keeping track of your expenses, you will be able to balance what you want and need right now and what you want and need in the future. You can also save yourself from the shock at the end of the month when your bank statement comes in because you are able to keep track of things in real-time.

Managing Work and Clients

If you are a freelancer or in a job that involves managing clients, bullet journaling can help. A bullet journal can help you keep track of every new and existing client and the work you have to do for them. Your bullet journal can serve as a personal record of your client’s every want and need. Then you can use the record to better your work and keep them satisfied. It can also help you stay on top of things by providing you with to-do lists and trackers for your weekly or monthly work goals. Through this, you’ll be able to anticipate how much your income for the month will be and adjust your budget accordingly. Your bullet journal can also help you stay on top of client payment schedules.

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Paying Off Your Loans

When you take on a loan, no matter the size, the most important things you need to remember are your payment schedule and to make monthly payments on time. It’s easy to follow this religiously in the beginning, but it’s even easier to fall behind. After a while, you may even feel like your loan repayments are never going to end. Bullet journaling can help you keep track of how many payments you’ve made, and the payments you have left. This is especially useful, as LoanMart Ohio explains that some lenders reduce payment and interest rates automatically each month if you never miss a payment.

Planning Purchases and Finances

Having a bullet journal with functional finance spreads will enable you to see how much money comes in and how much you spend each month. You can track your finances whether it is on rent, groceries, utilities, debt payments, or other monetary obligations. With this, you’ll be able to plan future purchases such as gifts, replacement appliances, and the like. You can plan these purchases without needing to get a loan, sacrificing rent, or taking some money out of your savings. Bullet journaling can be a useful tool when saving up. It is useful because it can help you determine how much money to take out of your income every month. Additionally, it can help you determine how long you should do it to be able to have enough money for a single purchase and especially big ones.

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Staying On Top of Bills

While traditional bullet journals are minimalist, you can release your creative juices. Additionally, you can dedicate a page or two to make a bills-tracking spread. This way, you can easily track whether or not you have paid each bill for each month, effectively keeping you from incurring late fees that could burden your income. If you refer to our post on the ‘22 Financial Tracking Layouts for your Bullet Journal’ you can find many layouts to inspire your own financial tracking spread. You can choose from having a unified monthly tracker that allows you to collate your bills or one that separates utilities, rent, and subscriptions.

Meet The Author

Annie Wu began bullet journaling in college to keep track of all her deadlines. She found that it was just too valuable a habit to kick. Since then, she’s used bullet journaling to keep up with work deadlines, bills, and important events. She works in a humdrum office job in the day and does some freelance writing on the side. She hopes to someday be able to leave her day job and instead write full-time.

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Effective Strategies For Saving Money On Payroll Processing

There are more than enough ways of reducing the spending on payroll processes. Some are effective in one category of business and some are effective on others. When it comes to payroll it is one of the biggest expenses of the company, as it should be. Employees are the lifeline of a company and so does the amount of work they do for the company.

Even the simplest employee payroll services contain the following aspects:

  • Regular Wages
  • Overtime
  • Bonuses
  • Commissions
  • Benefit Days
  • Severance
  • Health Benefits
  • Fringe Benefits

And this does not even include the mandatory liabilities like the Medicare taxes and other aspects like social security, federal and state unemployment insurance, local and government taxes and so on.

If we carefully take a look at small businesses, wages make up for 60 to 80 percent of the company spending. No matter what size company you own it is necessary to take control of the expenses the right way and the smart way.

Now, let’s look at some of the major strategies for reducing costs on the payroll.

Outsource Payroll Handling

If you do not currently have a specialized department which has the job of taking care of payroll, then you need to outsource the work.

Any payroll services company with a good reputation will be able to reduce your cost dramatically. The most important reason that payroll service companies reduce the payroll cost is by saving your resources. They perform the whole process in the fraction of time and with their experienced accountant they avoid nearly all common and uncommon mistakes.

When you hire a professional to help in your payroll management you also get the freedom to relax while they do all the hard work for you. The service providers will mitigate all the risks involved in payroll processing. They will eliminate the chances of penalties and they will complete the payroll in a more cost-effective manner.

Payroll Frequency

When it comes to payroll frequency there are enough ways to go around. Depending on the nature of the business the payroll cycle can be repeated daily, weekly, monthly and anywhere in between.

The most important thing when it comes to payroll frequency is to align it with the recurring bills. When you have to take out money from the business treasury it must be recorded. Editing records at uneven intervals can quickly result in a catastrophe.

By aligning you payment cycles with your payroll you can effectively manage your account and take care of the payroll processing more efficiently.

Direct Deposit

The benefit of a direct deposit is as simple as this, for a check it will cost the company on an average $2 but for a direct deposit, it will be 35 cents.

By eliminating checks from the payroll procession and introducing direct deposits you can save thousands of dollars from the cost.

The benefits of direct deposits precede the simple monthly pay cycle. For those “Employee of the month” bonuses or for successful completion of an insanely difficult task the amount might be given at a random time. By going with direct deposit any of these irregularly occurring amounts can be paid in a jiffy.

Time Keeping

Using those Ye older methods of timekeeping will cost you dearly. If you trust your employees then don’t use a timekeeping system at all, we don’t mind. If you need to keep track of your employees, we suggest you use a timekeeping system.  

There is a vast variety of timekeeping system available in the market choose the one that best fits your needs.

By going with old methods like a punch card or manual entry, when it comes the time to calculate the pay it takes up a lot of time. If there is an electronic system implemented then it only takes a simple click to get the report ion any and all employees’ attendance.

Employee Retention

Employee retention is something that every company struggles with. It is difficult to find people who align with your missions and values and are ready to stick with the company rules and regulations. Nonetheless, employee retention is a must if you want to reduce the cost of payroll.

The loss of finance happens when an employee quits. As soon as an employee quits you start losing time and money which ultimately gets added to the total cost of payroll. Going with a payroll service provider can help you tackle this problem.

When it comes the time to hire a new employee the time taken to set up baking and checking account of the new employee also take up valuable time thus using company resources. These resources hit the amount spend on payroll processing.

The only way to get rid of this problem completely is to increase employee retention rate. Depending on the values and nature of the business this can be done in a number of ways.

Running a content writing business, you can allow writers some leisure as long as they finish their assigned task. For software houses, allowing employees flexible working hours as long they make it to the daily SCRUM meetings on time.

Each business requires its own set of rules and regulation to increase retention it is important to apply the appropriate to avoid unnecessary expenses.

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About the Author

Emily David happens to be a talented and experienced digital marketing professional who specializes in finance as well and pursues it as a passion. Being a prolific blogger, she shares her immense knowledge about both these fields through a number of blogs in various topics. Also, she has been associated with Biznavca for the past couple of years; and providing tips and advice to people looking to Payroll services company, Tax adviser, Tax Planning, Chartered accountants.

How to Manage Your Money More Responsibly

Responsible money management is something that we allunderstand in theory but struggle to adopt in practice. The temptation ofluxury purchases and the stress of structuring personal finances in awell-calculated budget are just two reasons as to why financial stability ishard for many of us to maintain. Still, the advice in this post could makethings a little easier for you. Let’s talk about managing your money more responsibly.

Clean Up Your Monthly Bills

The first step to managing your money more responsibly is to clean up your monthly bills. Set yourself the 30-day rule with luxury purchases. If you still want the item then buy. If you don’t then you’ll have more money in your account at the end of the month. Still, luxury expenditures might not account for many of your monthly expenses. In fact, you might be quite frugal in that regard but still, have very little interms of disposable income. Maybe you should be looking at your necessary monthly bills instead. We’re talking about rent, food, gas, utilities, and other basic costs.

Before you start making compromises, however, simply think of cheap ways to get the same necessities. You could use coupons and vouchers to get the same weekly shop as usual for less money. You just need to do your research. You could also start growing your own fruit and veg, so those items don’t need to be bought from the grocery store. You might also want to look into Boost Mobile plans if your current phone provider is charging a lot. Prepaid phone plans can be cheaper and just as effective. If you want to clean up your monthly bills, then you just need to think of more cost-effective ways of getting the thingsyou need.

Start Thinking Of The Future

If you want to have a stronger financial situation, then you also need to think beyond your current costs. It’s important to cover your monthly bills, as discussed in the previous point, but you also need to think about future expenses. That’s why it’s wise to save up some money at home for unexpected events. Of course, an emergency fund is only the tip of the iceberg. You need a proper savings account that you regularly expand. Some future events are a little more certain.

For example, you’re probably going to retire one day, and your kids might want to go to college (or make a down payment on a car, ahouse, and so on). The point is that you should start thinking of savings for the things you can predict aboutthe future. An emergency fund is a safety net, but your savings account is your future bank account and investment pot. Start putting a fixed percentage ofyour monthly income into your savings account. With every passing year, you’ll have accumulated substantial savings for the future. Make sure you look into pension plans for your retirement to ensure that you’re getting as much money as possible for the future.

Thispost was written in collaboration. Collaborative writing means that while I have contributed to this post and edited its content and formatting, I am not its original author. By posting this content on my blog, I may receive financial compensation. Want to guest post for Jihi Elephant? Learn more here

Maintaining Positive Finances for a Positive Outlook on Life

When we talk about our finances and how it affects our lives, we tend to think about the lifestyle that having money can afford us. We think of how cash can affect the house that we live in, the car that we drive, the places that we entertain ourselves, and whether we are able to head away on holiday once a year or not. However, it’s extremely important that we also consider the ways that our finances can affect less material and more significant parts of our lives.

Believe it or not, finances and mental health, happiness, and wellbeing are all closely linked. There are, of course, ways that your mental health and emotional wellbeing can affect your finances directly. You may find that you lose your job or find difficulty in being hired because you have experiences with mental health problems. This can plunge you into financial turmoil. Your relationship may strain and break under a lack of emotional wellbeing, and you find that you suddenly have to pay a lot more to live, as you are no longer splitting rent and bills with another person.

However, have you ever considered that things can also work the other way around? That a negative financial standing or debt can actually take the wheel and have a profoundly negative impact on your life and cause you to experience upset, pessimism, or even depression? Studies have found that experiencing debt can result in mood swings, anxiety, consistent low moods, and a range of other negative symptoms in individuals. So, if your main goal in life is to be happy, it’s extremely important that you maintain a positive financial standing in life. Here are a few different ways that you can take control of your finances and start improving your overall quality of life!

Maintaining Positive Finances for a Positive Outlook on Life

Clearing Existing Debt

If all of this sounds familiar, and you already have existing debt that is making your life a misery, you need to focus the majority of your energy and effort into clearing this sum of money. The best and most positive way to do this is to come up with a financial plan. Note down all of the money that you owe. Then work out the amount of disposable income that you have on a monthly basis after paying rent, bills, and other essentials from your pay packet. Chances are that this disposable income is usually spent on entertainment or other luxuries. Instead, dedicate it wholly to making extra payments off your credit cards or finance agreements.

Sure, you may have some dull months during this process, but you will clear your debts a lot faster and will be liberated once they’re paid off. Writing all of this down in a personal financial plan will also give you an exact date that your debts will be cleared in the future, giving you something to aim for, focus on, and look forward to. Remember that not spending money doesn’t necessarily mean that you can’t have a social life during this period. If you hide away in the house doing absolutely nothing, you can start to feel down, even if you are positively impacting your financial life. Just do free things instead. Invite friends around to watch a film, go for a walk in your local park, or head to free events or attractions in your area, such as museums.

Maintaining Positive Finances for a Positive Outlook on Life

Knowing How to Use Credit Cards Effectively

If you find that you need to take out some form of credit agreement (whether that’s to cover unexpected costs or to boost your credit rating), don’t worry. Engaging with lending doesn’t necessarily have to mean sinking into irrecoverable debt. You just need to know how to borrow money sensibly and effectively. Let’s start with credit cards, as these are one of the most commonly used financial tools when it comes to accessing emergency cash or building your credit score. When you take out a credit card, you will gain access to open-ended cash within a set credit limit. You can use this cash, pay it back, then use it again and continue this cycle for as long as you please.

But not all credit cards are equal. Each card will come with an interest rate attached, meaning that it costs more to use cards with a high-interest rate than it would to use a card with a lower interest rate in exactly the same way. You can click here in order to find out which credit cards on the market may offer you the best interest rates. Once you have found the best credit cards for your needs, it is absolutely imperative that you do not exceed your agreed credit limit, as this will see you rack up big fees and fines. It is also important that you don’t take cash out from your credit card account (this also incurs large fees), and that you pay back your minimum payment figure every month.

Avoiding Borrowing from Friends and Family

You may have noticed that the term “interest rate” has been thrown about quite a lot above. This is because every professional lender will charge you an interest rate for using their services. This is how they make money! So, it’s not all too surprising that many people think that they would be better off borrowing money from friends and family who will not charge them interest rates. But this should be avoided at all costs. It’s bad enough that money can interfere with your personal wellbeing, but you shouldn’t allow it to interfere with your personal relationships too. Borrowing from friends and family can result in tensions, arguments, and disagreements that would otherwise be avoided. Only ever borrow money from professional lenders. The interest rate is more than worth maintaining your positive relationships with the people you love.

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While it is a shame that money holds the potential to have such detrimental effects on your overall happiness and wellbeing, there are ways to reduce its impact – and that’s by maintaining a positive financial stance in life. Hopefully, the above information will help you to achieve this!

This post was written in collaboration. Collaborative writing means that while I have contributed to this post and edited its content and formatting, I am not its original author. By posting this content on my blog, I receive financial compensation. Want to guest post for Jihi Elephant? Learn more here

3 Financial Hurdles Everyone Needs to Know

If you want to remain financially organized, then you ought to be aware of major financial hurdles in life. I’m sure there are many things you’re not aware of, which means they come as a surprise when you have to deal with them. So, I’ve created a list full of concepts and terms that everyone needs to understand in more detail

Retirement & Pensions

Everyone needs to keep their retirement in the back of their mind. It doesn’t matter if you’re in your twenties or fifties; think about your retirement. Mainly, you need to concern yourself with raising a retirement fund. This helps you save money for those years where you no longer work full-time and need to remain financial safe and secure. As it shows on https://www.usa.gov/, retirement plans are often offered by your employer. Not only that, but you can create a private pension fund too. Pensions are basically funds that you contribute to every month, and your contribution is aided by either your employer or the private pension company. The earlier you start contributing to a pension, the more beneficial it will be when you retire.

How to Become a Financially Strong Millennial

Mortgage Loans

If you don’t know what a mortgage is, then you need to do some research real quick. It’s something most people come across, and as it states on http://mortgageloans.co/, it’s basically a big loan to help you buy a house. There are different types of a mortgage loan, but they all have the same premise attached to them; you borrow money and use it to buy a house. To get this loan, you need to apply for it through a lender. Then, if approved, you normally need to put a deposit down to secure the loan. After this, you’ll have to pay it back over the course of a few years; simple, right!?

Retirement presents the problem of a reduced income along with the problem of potentially increased financial obligations, such as medical procedure payments. A standard mortgage will not help you solve those problems because you will be adding a regular mortgage payment to your financial obligations. However, as a retiree, you have the right to apply for a reverse mortgage, instead. The available home equity you can borrow will be determined using a special home equity formula. Then your lender will dole that amount out to you according to the loan terms. This might include a lump sum, line of credit, or monthly allotment, in most cases mortgage lenders allow you to decide which structure you prefer. You can then spend the received money for any necessary or preferred purposes. You can do this without repayment obligations as long as you stay in the home.


Credit Cards

Last but not least, we have credit cards. Most people have heard of these, but are you all aware of what they are and what they do? A credit card is basically a card loaded with money that you can spend. Everyone’s card will have a specific amount on it that they can spend every month – and this is determined by a credit check, and how much your bank believes you can be trusted with.

At the end of every month, you have to pay your credit card bill. This is all the money you spent on this card for the last thirty days. Pay off your balance in full, and you incur no extra charges. But, if you take the minimum payment, then the rest of your bill is added to next months – with interest. This is how a lot of people end up in credit card debt, as they keep making minimum payments and racking up more and more money to pay. Generally speaking, they’re great financial tools, but only when you use them properly and responsibly!

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These three financial hurdles will definitely cross your path at some point in life. Hopefully, by now being aware of them, you can go away and do some extra research to ensure you’re all clued up and ready when your paths cross.

This post was written in collaboration. Collaborative writing means that while I have contributed to this post and edited its content and formatting, I am not its original author. By posting this content on my blog, I receive financial compensation. Want to guest post for Jihi Elephant? Learn more here

The Ultimate Bullet Journal List Ideas + Examples

If you are into bullet journaling, chances are you are a list maker or want to be. I love lists so much that I created an entire notebook for my lists and collections. The vast amount of bullet journal lists and collections you can keep in your journal is amazing and sometimes overwhelming. This post is meant to inspire your list making and provide some examples of these lists to help you get started! This post may contain affiliate links

Lifestyle & General Bullet Journal Lists

  • Grocery shopping
  • General shopping
  • Wishlist
  • Birthdays
  • Dates to remember
  • List of lists
  • Braindump
  • Collections
  • Favorite quotes
  • Favorites
  • Events
  • gift ideas/planning

Home Lists and Collections

  • Donation lists
  • Cleaning lists
  • Home maintenance
  • Car maintenance
  • Chores
  • Throw away


  • Budget
  • Spending
  • Income
  • Purchases
  • Bills
  • Saving goals
  • Insurance information

Bullet Journal for Productivity

  • To-do
  • Goals
  • Daily goals
  • Daily to-do
  • Monthly goals
  • Monthly to-do
  • Weekly to-do
  • Weekly goals


  • Packing list
  • Places to travel
  • Travel list
  • Vacation ideas
  • Itinerary

Health & Wellness

  • Self-care activities
  • Nightly routine
  • Morning routine
  • Meal ideas
  • Joy log
  • Gratitude list
  • Journal prompts

Bullet Journaling for Student

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  • Books to read
  • Movies to watch
  • Bucket list
  • Things to learn
  • Things to try
  • Craft ideas
  • Project ideas
  • Pen test
  • Washi collection

My hope is that the lists and example provided in this post are useful in helping you create your own bullet journal lists and maybe even list journals! If you enjoyed these lists and want to see more on bullet journaling check out these posts or take a look at my own creations on Instagram.

Budgeting Tools for Those Who Are Scared of Budgeting

No matter what stage of life you’re in, budgeting is something that is essential but sometimes daunting. If you ask me, I put off my budgeting for far too long. However, now that I budget regularly it has been such a positive addition to my life and has reduced my stress immensely. It is extremely helpful to have tools that you can utilize to help you track your finances and spending, especially if you are saving for something in particular or trying to pay off debt.

Different tools will work for different people, and it is important to find one that is easy to use which you know will last over time and not just for a season. Once budgeting becomes a regular part of your life, you’ll never look back! Here we will compile some of the best budgeting tools that can be utilized by anyone, no matter how experienced or inexperienced they are when it comes to budgeting.

502030 budget icon

Tool One: Budgeting Applications

Most of us spend a lot of time on our phone anyway, so why not download an app that can help us budget and keep our finances straight. There are many different budget apps on the market; it is just a matter of which is best for you. My personal favorite app for budgeting is HomeBudget. However Mint and Clarity are also top favorites in the app store. I’ll explain a little bit about each and why they might work for you!


HomeBudget works for my husband and I as we link our bank accounts to the app as well as to both of our accounts. We are able to create a shared budget and then simply add in each expense into categories we’ve already created such as “gas” or “groceries.” There is a free version of this app, but we pay for the upgraded one to get all of the features. My personal favorite aspect is that you can roll over budget money to the following month, which helps me aspire to save for big purchases. It’s fun to watch your money grow as you start to spend on things you budget for rather than just impulse buys.

Simple Ways to Organize your Life to Make More Money


Mint refers to itself as the “free money manager and financial tracker app”. The makers behind TurboTax are responsible for this app, so you know that it will be effective and user-friendly. Mint allows you to track your bills. They also allow you to add in where you spent money and how much you are able to save. Mint is also linked to your bank accounts and allows you to keep track of their balances. Lastly, it allows you to see your net worth. This is a unique feature to help you see where you are with your finances.

Clarity Money

Clarity follows a similar model to many budget apps. They do this in the sense that it allows you to track and manage your expenses and begin to save. The app also has a very useful feature. This feature allows