Tag: Budgeting Ideas

5 Ways You Can Stretch Your Dollar for Holiday Gifts

5 ways you can stretch your dollar for holiday gifts

The holiday season is here which means everyone is rushing to buy the perfect holiday gifts.

How do you stretch your dollar even during these challenging times?

Keep reading to find out.

Here are 5 ways you can make the most out of your money so you can give your loved ones that special gift they deserve.


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Let’s get started!

#1. Buy Bulk

Holiday gift ideas

You can stretch your dollar this holiday season by buying things in bulk.

Usually when you buy bulk, the price of an item drops significantly.

Certain apparel shops allow you to buy shirts and other wearables for much lower prices in bulk.

If you can get a deal when you bundle, then it will allow you to give more product to one person or give to many people.

Online places such as Amazon and eBay sell items in bulk too.

Items range from sunglasses to headphones and earbuds, and winter apparel.

#2. Buy Wholesale

wholesale holiday gifts
Wholesale Holiday Gift Ideas

You can look for warehouses that will sell to you the type of product you’re looking for at wholesale cost.

Wholesale prices are usually slashed by half or more!

You can also buy wholesale goods online using Alibaba and other e-commerce websites.

You can get some of the nicest and usually most expensive jackets at a much more affordable cost when buying them wholesale.

If you work in an industry that allows you to have access to multiple vendors, take advantage of these deals for this year’s holiday gifts.

#3. Use Online Coupons


If you’re buying holiday gifts online this year, you can use internet explorer’s coupon extension.

This coupon extension browses for codes online to provide you with the best price for what you’re ordering online.

The extension should be a standard popup if you already have the internet browser.

Not only will it navigate through a variety of codes, but it will even provide you with a direct link to a competitor if they have better prices.

This tool is super effective because it scans for the lowest prices while you do your online shopping.

#4. Use Unused Gift Cards

leverage gift cards
Holiday budget

Make the most out of your unused gift cards for this year’s holiday gifts.

You can use the gift cards you have sitting inside that drawer to stretch your dollar by discounting your purchases.

I personally wouldn’t re-gift a gift card but would rather use one for a gift.

This strategy comes in handy if you don’t use every gift card you’re gifted.

Using these during checkout is a great way to reduce your expenses.

Or you may even include one in a basket.

#5. DIY Gifts

DIY Gifts
Holiday budget

These types of gifts are so much fun to give because they’re cost efficient and usually very creative.

DIY gifts can be gift baskets, bundles of convenience products (lotions, sprays, hand sanitizers, etc.), and candy creations.

You can always include a mini holiday card that you can buy in bulk for each DIY project.

They can be personalized depending on whom you’re giving them out to and are great for just about anyone on your list.

Gifting this year doesn’t have to be expensive, but it sure can be special.


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Read: Buy these stocks for your kids this holiday season

How To Create an Emergency Fund and Why It’s Important

Emergency fund
Create Your Emergency Fund Today!

Creating an emergency fund isn’t difficult so learning how to start shouldn’t be either. Here are 4 amazing strategies and tips to building your nest egg for a rainy day.


Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

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When an emergency occurs, you’ll be ready

We can’t predict the future, but we can sure prepare ourselves for it when a rainy day disrupts our parade. Having an emergency fund allows us to have a peace of mind and also creates financial confidence. As Grant Cardone says, assume control of all situations; so prepare now so you’ll be ready later.

#1. Create an Emergency Fund Goal

When you don’t know where to begin, start by creating an emergency fund goal first. Everyone’s goal will vary due to income and the amount of debt carried. A good minimum would be $1,000 – $2,000. An ideal and longer term amount would be $10,000+.

Did you know that more than 50% of Americans can’t afford an emergency bill of $500? There is something seriously wrong with this.

DO NOT be part of this statistic, create your emergency fund goal right now. Literally right now. Just set it, and work towards manifesting it. YOU CAN DO IT.

Before you begin to build your hefty nest, make sure you’re debt free first. Contributions will be so much easier this way. If you’re not debt free, set the goal for your small emergency fund and work on eliminating debt before you start paying yourself first.

#2. Pay Yourself First

When payday comes, be sure to pay yourself first (SAVE). We often tend to splurge and sometimes put away what’s left. You know exactly what I’m talking about.

Paying yourself first is the complete opposite; spend after you’ve put money away towards savings. Check your calendar and see what must go towards your expenses. Deduct it from your earnings and focus on saving the portion that will help you reach your goal.

Find which week works best for you out of the month to save. Once your expenses have been taken care of, pay yourself first, and enjoy what’s left. If most of your income covers your expenses be sure to check out my post on the 7 easy ways millennials can start earning more money to see how you can earn extra income.

Now that you have your target, you understand how much you must put into savings every month to meet your emergency fund goal. Do what you have to do in order to make this happen.

Here are some quick ways you can earn extra cash:

  • Recycle
  • Deliver food
  • Offer ridesharing services
  • Teach online with Fiverr

Make sure any additional cash is directed towards your money goals.

#3. Don’t Let Your Savings Collect Dust

This is where you take the first steps towards allowing your money to work for you. Put it in a high interest savings account.

Keep about a quarter of your savings in your personal savings account as liquid asset (money you can take out immediately). The more you put into your high interest savings account, the quicker you will reach your emergency fund goal through the amazing work of compound interest.

Here are some banks that pay you interest:

What about the stock market?

Invest in the stock market if a). you have no debt and b). you’ve built your hefty emergency fund worth 3-6 months of living expense.

Read: How To Invest in The Stock Market (Step by Step)

#4. Be Consistent

In other words, discipline yourself to save for your emergency fund.

Saving money might seem like a sacrifice at first but by being consistent you’re now creating a great habit and financially stable life. Your future self will thank you.

Remember the importance of having an emergency fund. The benefits of being prepared include:

  • Having money in case of car issues
  • To cover emergency hospital bills
  • Security in case of a layoff
  • Financial peace for your family

The best way to carry out your mission on building your emergency fund is to put money away every month no matter how good or bad it was.

Develop this winner habit and you’ll be meeting your goals in no time.

Keep yourself motivated

If you find yourself losing motivation remember why you started in the first place. Nothing good ever comes easy.

Look for motivational and inspirational accounts on Twitter or Instagram. I personally post motivational content from time to time on IG.

Don’t stop at nothing.

Here are some life changing accommodations to help you save money

Save Money And Change Your Life
These Tips Require Discipline & Action | Start Saving For Your Future Today

1 – Don’t get into further debt. Wait on that awesome new car model that just came out. Perhaps work in your field a little longer before furthering your education. Remember, the more debt you have the harder it is to save.

2 – Start a side hustle. Use that additional income to add to your emergency fund and reach your target quicker. Don’t stop increasing your income.

3 – Live below your mean. This strategy will allow you to build your net worth so that you don’t live paycheck to paycheck.

Let me know in the comments below

Have you reached your emergency fund goal?

The readers would love to hear from you. Share your thoughts below.

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10 Successful Ways To Save Money During A Recession

Have you set a goal to become recession proof? We share 10 successful ways to save money during a recession to help you reach financial stability.

10 Successful Ways To Save Money During A Recession
10 Successful Ways To Save Money During A Recession
Frank Nez How To Get Clients To Pay You When They're Past Due

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Recessions teach us a lot. They teach us a lot about ourselves and about our finances. You can only really end up on two sides of the spectrum. That is, wow my family and I were really prepared or wow, we need to change some things.

Whether an economic downturn affects or doesn’t affect your finances, these 10 tips on saving money during a recession are going to benefit you.

Let’s get started.

#1. Limit Dining Out

Limiting dining out can be a great way to save money during a recession. Platforms such as door dash can cost you additional fees and unnecessary upcharges.

In the old days (pre-recession), dining out was a treat. But things are a little different now. We must learn to adapt ever so graciously.

Today, we indulge in instant gratification. Set a budget on dining out and limit the amount of times you do.

I understand it’s going to be a little rough getting out of your comfort zone but believe me it’s totally worth it! And remember, it’s only temporary.

#2. Under Indulge In Entertainment

Cutting back on entertainment is a sure way to pocket money during an economic downturn.

The times of purchasing new games online, buying new music, or going out to the bars for booze and live music should be put on a temporary hold.

When it comes to money savings goals during a recession, you’ll have to prioritize your needs over your wants.

Substitute the cinema for move nights at home or find other alternatives to have fun such as playing sports at your local park or visiting a library.

Not only is budgeting your entertainment a successful way to save money during a recession but it can also be a great way to spend more time with the family doing fun and healthy activities.

#3. Save At The Pump

Save At The Pump To Save Money

Save fuel by adjusting your driving habits. By increasing your mpg, you can save money at the pump by stretching your days before having to refuel.

Driving safer and without constantly stepping on the pedal will allow you to get more for your buck. Change your driving habits and start saving at the pump.

Shop around at the pump

You can also shop around when needing to pump fuel. This strategy is an effective way to stretch your buck and save money during a recession.

Look at the gas prices in your area and go with what’s most convenient for you.

Prices are usually lower on Monday mornings.

#4. Meal Prep

Meal prepping is an amazing way to save money during a recession due the convenience of using household foods for lunch more than once.

Some benefits to meal prepping are:

  • Healthier options than eating out
  • Least expensive alternative
  • Prepping can last a few days
  • It’s a great winner habit to develop

It won’t take long before you begin to see the saving potential meal prepping has on your finances.

#5. Become Aware Of Utility Usage

It is important to keep track of your expenses, especially utilities such as electricity and water. Become aware of your usage to see where you can cut back on costs.

Cutting back on unnecessary use of electricity or water is a successful way to save money during a recession. You can cut the bills in half by:

  • Turning off lights in empty rooms
  • Using efficient and eco friendly bulbs
  • Limiting the A/C timer
  • Taking shorter showers
  • Using less water

If you can find miniscule ways to cut back on utility usage then you will be successful in saving money.

#6. Monitor Your Daily Habits

Admittedly, a lot of us don’t monitor our daily habits. A lot of the things we do on a daily basis costs money. A great example for instance could be the purchase of a coffee every morning.

You can save money by monitoring your daily habits and seeing where you can cut back to make a difference. If you’re spending $6-$8 five days a week on coffee or a drink that’s $30-$40 you can be stashing away. That’s $312-$416 a year that could be used for personal savings.

The truth is the money that we spend on unnecessary things is overwhelming. It’s no wonder more than half of Americans cannot cover the cost of an emergency expense over $500.

Start setting your goals down and begin to eliminate the things holding you back from becoming financially stable.

#7. Practice Self Grooming

Whether you’re trimming your own beard, cutting or styling your own hair, or doing your nails (ladies), practicing self grooming is an awesome way to stay on budget.

Practice self grooming to save money during a recession so you can stay looking fresh while saving an extra couple bucks every month or so.

It’s more cost efficient to invest in your own machine and pair of scissors to cut and style your own hair. The same goes for women’s nails. You can invest and a great set of nails oppose to getting them done at the salon. You can always look great even on budget.

#8. Shop Around

Don’t get #8 confused with shopping at malls or outlets. See which grocery stores have the best prices and deals so you get more than what you pay for.

If you’re used to always going to same grocery store you could be missing out on some amazing deals. Don’t miss on money saving opportunities due to comfort. Shop around and see what items are best to purchase from specific stores even if it means getting something things here and there.

#9. Delay Gratification

Save money during a recession by delaying gratification.

The clothing stores with 50% off discounts can wait, those won’t be going away any time soon. During a recession, it is important that you stack your money in case of an emergency.

Read: How To Create an Emergency Fund and Why It’s Important

It’s during these times of economic hardships that you see dealerships drop their APR to 0%. Yes a 0% APR is tempting but don’t fall for it. Whatever you do, do not get into further debt.

#10. Increase Your Income

Increase Your Income To Save Money During A Recession

And of course one of the most effective ways to save money during a recession is to increase your income.

When you increase your income you can continue to live within your means while saving the additional earnings.

You may increase your income through:

  • The use of a high yielding savings account
  • Discretionary income such as a spouse working
  • Side hustle
  • Raise or promotion
  • Over-time at your job

Head over to our ‘Side Hustles‘ tab to see some of the many ways you can begin to earn additional income.

Be sure to browse through our posts to find a number of ways from which you can earn money through side hustles and even make money from home!

Know other great tips on how to save money?

Let us know in the comments section below if you have other great tips on how to successfully save money during a recession. Our readers would love to hear from you!

Read: How To Stay Afloat During A Recession for more ways on how you can become recession proof!

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