Category: Personal Finance (Page 2 of 6)

How to Stretch Your Budget for Your Holiday Cooking

how to stretch your budget for holiday cooking
Personal finance: How to stretch your budge for holiday cooking | How to budget holiday cooking.

Holiday cooking can be a fun and enjoyable activity, but it can also be a significant financial burden if not properly planned and budgeted for.

Planning and preparing meals in advance can help you save money and reduce stress during the busy holiday season.

Here are some tips for managing your finances and incorporating affordable and delicious recipes into your holiday cooking:

How to Save Money on Holiday Meals

how to save money on holiday meals

#1. Make a Budget

Make a budget and stick to it: Determine how much you can realistically afford to spend on holiday meals and stick to that budget. This will help you avoid overspending and ensure that you have enough money to cover all of your holiday expenses. Consider shopping sales and using coupons to save money on ingredients.

#2. Plan Ahead

Plan ahead: Make a list of all the dishes you want to prepare and create a shopping list based on the ingredients you will need. This will help you avoid impulse purchases and ensure that you have everything you need when it’s time to start cooking. Consider making some dishes in advance and freezing them so you can just defrost and reheat on the day of your event.

#3. Shop for Ingredients at Affordable Stores

Shop for ingredients at affordable stores: Consider shopping at discount stores or farmer’s markets to find affordable ingredients. These options may not have the same variety as a traditional grocery store, but they can still provide high-quality ingredients at a lower cost.

#4. Make Use of What You Already Have

Make use of what you already have: Before you start shopping for ingredients, take inventory of what you already have in your pantry and fridge. You may be able to use up some of these items in your holiday recipes, saving you money on ingredients.

#5. Consider Alternative Ingredients

Consider alternative ingredients: Instead of using expensive or hard-to-find ingredients, consider using more affordable alternatives that will still add flavor to your dishes. For example, you can use chicken broth instead of beef broth, or canned tomatoes instead of fresh.

#6. Use Less Expensive Cuts of Meat

Use less expensive cuts of meat: Rather than using expensive cuts of meat, consider using cheaper cuts that can be slow-cooked or braised. These cuts tend to be more flavorful and tender when cooked slowly, and they can be a more affordable option.

Budget-Friendly Yet Tasty Holiday Meals

Cheap recipes for the holidays.
Cheap recipes for the holidays.

Now that you have some tips for managing your finances during holiday cooking, here are a few affordable and delicious recipes to try:

  1. Slow-Cooker Pot Roast: This recipe uses a cheaper cut of meat, such as chuck roast, and slow cooks it in a mixture of broth, red wine, and vegetables. The result is a tender and flavorful pot roast that can be served with mashed potatoes or other side dishes.
  2. Spaghetti with Meatballs: This classic recipe is always a crowd-pleaser and it can be made with affordable ingredients such as ground beef, breadcrumbs, and canned tomatoes. Serve it with a side of garlic bread for a complete meal.
  3. Roasted Vegetable and Quinoa Salad: This recipe is perfect for vegetarians or for those looking for a healthier holiday option. It combines roasted vegetables, quinoa, and a homemade vinaigrette for a flavorful and satisfying dish.
  4. Slow-Cooker Chicken and Dumplings: This recipe uses a whole chicken, which is a more affordable option than buying individual cuts of meat. It also uses pantry staples such as canned vegetables and biscuit mix to make dumplings, making it a budget-friendly option.

By following these tips and trying out some of these recipes, you can enjoy a delicious holiday meal without breaking the bank.

Happy cooking!


Why Aren’t Our Finances Where We Want Them to Be?

financial crisis, financial setback

We’re starting a clean slate for the new year, and our finances are not where we thought they would be.

This applies to TWO kinds of people.

Maybe you slacked off, could have tried harder, or faced a year of nonstop setbacks which affected your finances deeply.

Or perhaps you had a great year but aren’t satisfied with your results due to your ambitious characteristics.

In this article, I want to zoom out and bring into perspective what is holding us back from reaching our financial goals.

And how sometimes these financial setbacks are actually part of a big financial setup for a financial breakthrough.

Let’s get started.

What to Do If Your Income Decreased?

If your income decreased, you need to first identify why it decreased.

Did your job cut hours? Lose a job? Did your business revenue drop?

Or did you take more days off this year? Were you distracted by things that took your time away from being productive?

These are all very real scenarios that we as human beings experience in life.

The incredible thing is that no matter what you identified as being the problem, there’s an actual solution to it.

For example:

If your job cut your hours or let you go, what could you have done outside your comfort zone to fill in those hours or get back in the game?

Could you perhaps have started a side hustle or looked for a part-time?

Absolutely.

If your business revenue dropped, identify why it dropped with full accountability.

Did demand drop? If so, what new systems can you put in place to offset any uncontrolled losses?

Or were you distracted? Which distractions took valuable time away from you?

We Failed to Step Outside Our Comfort Zone

Often times when we aren’t living the lives we hope to live, it’s because we continuously fail to step outside of our comfort zone.

Stepping outside our comfort zone, while painful and even challenging in most cases, forces us to do things differently.

It forces us to push forward when it gets tough.

And it helps us build the required discipline to excel to higher heights.

But what if you did step outside your comfort zone and you lost a lot of money?

The answer to this question has to do with risk management.

At some point in life, we will be forced to face the consequences of lacking a proper risk management system.

Whether you invested a lot of money in the stock market, real estate, in a business, or in self-developing skills, proper risk management is what will save you from going to $0.

See, whether you lost a lot of money, went to $0, or even negative doesn’t matter.

It’s what you learn from these experiences that matters.

Unfortunately, we don’t have mentors that teach us this about life and finances; it’s really all just a learning game.

Why Your Financial Setback is Actually a Financial Setup

financial setback
Why aren’t our finances where we want them to be?

You could have had a great financial year and still view it as a setback compared to previous years.

How we view a financial setback is completely tailored to each individual.

Someone’s setback might be someone’s dream or goal.

Perhaps your setback is setting you up to start somewhere new, or something new.

A setback isn’t the end of the world, but rather the beginning of a new one.

And if you’re able to fearlessly conquer adversity every time it shows, each setback, even as you feel you’re falling, will only be a step back in a much higher staircase than you once previously were.

You will look back and see how much you’ve grown; despite what new adversity you face today.

The only solution to move forward and to move beyond the pain, is yours to discover.

Also Read: 5 Easy Ways You Can Earn Leveraged Income

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Things You Can Start Now to Earn More Money in 2023

ways to make more money in 2023.
Ways to make more money in 2023.

The year is almost over but it’s not too late, there are still things you can start now to earn more money in 2023.

In this article, I’m going to walk you through 5 different ways you can begin to set yourself up for financial success next year.

If you enjoy this article, be sure to join the newsletter below for more content like this.

Also, don’t forget to share this article on social media.

Let’s get started!

#1. Write a Financial Plan with Intention

financial planning

One of the most important things you can do right now is to begin writing a financial plan with intention.

The intention has to be there.

What are your financial goals?

What are your income goals?

Journal them and create a plan on how to make those visions become a reality.

Perhaps you’re looking forward to saving your first $1,000, your first $10,000, or want to hit your first every $100,000+ in capital.

The best way to start that journey is to write it down as a plan first.

Identify what it’s going to take, and the rest will follow through.

#2. Practice or Learn New Skills Now

If part of your plan involves earning more money for 2023 and you’ve identified that you’ll have to take on a whole new industry or develop a new set of skills, start now.

The only way we grow is by learning, and unfortunately there’s no shortcut for it.

You can learn new skills such as copywriting, public speaking, trading, graphic designing, website creation, sales, marketing, branding, etc.

Learning is painful because it’s slow and often times people put learning something new on the back burner to not start over again.

But the truth is you’re not starting all over.

You’re merely making yourself more valuable by elevating your standards.

If you want to make more money in 2023, chances are you’re going to have to do something different the new year than you did this year.

Remember, degrees don’t make you money, skills do.

#3. Solve Problems for Other People

how to make more money in 2023.
How to make more money in 2023.

This can be in the form of an actual business venture, or an educational or informational startup, such as an online business (blog, podcast, etc.).

You know this and I know this, there are people making a sh*t ton of money either online or through a traditional business model.

What these individuals are doing is they’re simply solving problems for other people in a particular community or niche industry.

Can you think of a way you can serve people in a manner that will solve a problem for them?

Whether their problem is they’re in the area and they’re hungry, or they don’t know how to dress themselves properly for a specific function, or they don’t know the basics of proper car maintenance.

There is something you know that can solve the problem for someone else whether that be physically or through an online platform.

Related: How to Start a Blog Step by Step for Beginners

#4. Start Putting Your Money to Work for You

how to put your money to work.
How to put your money to work.

If you have disposable income, the best thing you can do is to put that money to work for you.

Did you know you can buy stocks that will pay you a dividend every quarter?

These earnings then rollover and compound further growing your investment/net worth.

This of course just one example of how you can put your money to work for you in 2023.

If you have big capital at your disposal, buying a property cash could provide you with rental income while appreciating over the long-term.

#5. Create Something Original You Can Sell

how to earn more money in 2023.
How to earn more money in 2023.

One thing you can do now is create something original that you can sell.

It can be clothes, paintings, a service, a product, a book, literally anything that’s original.

You can learn how to sell on Etsy, Ebay, on Instagram Stores, or via a personalized website.

Heck, you can even sell at events or swap meets.

Your hustle is your hustle and you’re more valuable than you think.


These Money Management Tips Helped Me Through Tough Times

Money Management Tips
Money Management Tips – Franknez.com.

Those of you following me on Instagram voted for a personal finance article this weekend; so, I’m going through 5 money management tips that have helped me through tough times.

Oh yeah, it’s getting personal.

Let’s get started.

Join the Newsletter for More Content Like This

If you’re interested in more money management tips or personal finance articles like this, join the newsletter below.

I’m able to see what articles readers are opting into when they join the newsletter.

This helps me identify what you guys want to read!

#1. Aiming to Increase My Income

Whether it was looking for a salary raise, a commission raise, or an increase in clients, aiming to increase my income has always been a career priority for me.

Increasing my income has been one of the most important money management rules I’ve created for myself.

When you increase your income, you increase your ability to increase your savings and be ready when you spot investment opportunities.

#2. Diversifying Income Streams

Another very important one.

Having an additional stream of income has saved my a** during rough patches and setbacks.

Whether it’s creating a side hustle, a side business, or an income generating platform such as a blog or YouTube channel, having an additional stream of income can go a long way.

Especially if your main income is going through a slump.

Building an additional stream of income also raises your household income; who wouldn’t want an additional $1,000 per month, right?

Bookmark: Side Hustles from Home That Make a Ton of Money

#3. Creating a Money Management Plan

money management tips.
Money Management Tips – Franknez.com.

This is a great one, and one most people never start with.

Begin by writing your money goals, literally all of your money goals.

How much money you want to make, how much money you would like to save each month, how much money you can see yourself investing in something else, and so on.

By creating a money management plan, you’re able to zoom out and look at what you need to work at, even if you’re currently in a tight spot.

Sometimes we’re so busy that we forget to just simply stop and set goals that are going to propel us forward.

#4. Learning About Money

Learn how to manage money.

When you get serious about your money, you start to look for ways to get your money right.

That’s why you’re here today.

Being involved in the world of money is going to make a huge difference in your life because you will constantly be taking in great money habits from those who have learned the ropes.

While you might not agree with every money guru or entrepreneur or investor, you can always take something from everyone, and use it to mold your own personal money management experience.

#5. Having a Killer Savings Account

Money management tips.
Money Management Tips – Franknez.com.

Having a killer savings account has saved me from any type of financial setback or unprecedented expenses throughout the year.

The key to building a strong savings account is to first increase your income and then set the additional earnings aside.

The bigger your income, the more funds are made available for you to put away.

Avoid financing new cars or a new home as you increase your income.

These financial decisions will only set you back and limit how much you’re allowed to set aside in case of a rainy day.

These toys should be last on your list until you have a strong foundation and positive trajectory of where your finances are headed.

Also Read: 5 Easy Ways You Can Earn Leverage Income: Start Now

About Frank Nez

Frank Nez is an American entrepreneur and journalist with a background in startup development, marketing, and branding. He is the author of “Reaching the $10K Mark: How Perseverance Overrides Adversity” and founder of SoCal advertising agency Easy Marketing Concepts.

You can follow Frank Nez on: Twitter | Instagram


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