Yes, it’s true – summer is over and fall is upon us. In addition to cooler weather and falling leaves, fall also brings with it some added expenses, including higher utility bills, back-to-school necessities, and of course holiday travel and gifts. Don’t let fall expenses take you by surprise, or worse, force you off budget and into debt – get the money you need to make the most of fall by selling your structured settlement if you’re currently receiving payments. It’s the perfect strategy to help you stay above the financial fray this season. To help save money and keep you on track, we’ve compiled some tips to help you save money and stay on budget this fall.
Tip #1: Bulk up to keep utility costs low
With cooler weather on its way, the temptation to crank up the heat is high. But before you do, try adding a couple layers such as a sweater and heavier socks. By layering up, you can leverage your own (free) body heat and use your heater less, saving big bucks on your utility bill.
Tip #2: Plan ahead for expected expenses
As a new year approaches, there are certain costs you know are going to crop up. Depending on your situation, this may mean snow tires for your car, travel expenses for the holiday, or gifts for kids. Whatever your expenses are, plan ahead and set out a small amount of money each month to ensure you’ll have enough.
Tip #3: Lower back-to-school costs by sharing with other parents
Back-to-school can be expensive, but it doesn’t have to be if you work with other parents to help lower everyone’s costs. Clothes are a great example of items that can be shared among children, look for parents with children slightly younger or older than yours and see if you can make a swap. You can also take advantage of consignment stores to keep costs low.
Tip #4: Replace your holiday lights with energy-saving LED bulbs
While holiday lights are fun and festive, they are also a big contributor to increased energy bills. It may seem counterintuitive to purchase something new to save money, but by replacing your old lights with energy-saving LED bulbs, you will save tremendously in energy costs in the long-term.
Tip #5: Create a budget and plan for the unexpected
The best way to keep on top of your finances is to prepare a budget; this will help you identify areas where you are over-spending and need to cut back. Never budget right to the penny – there will always be surprises. Build a contingency plan into your budget to account for unforeseen or unexpected expenses. If your budget just won’t balance no matter how much you cut back, you should consider selling your structured settlement to provide the cash needed to help you successfully sort out your financial situation.
Tip #6: Review past years’ expenses
One of the main reasons people are unable to stick to their budgets is that expenses come up that they weren’t expecting. Don’t get caught unaware; review your bank and credit card statements for the past several years and identify costs that come up frequently. Once you’ve identified these costs, ensure they are included in your budget so that you aren’t caught by surprise.
Tip #7: Consider upgrading your career
A great way to find money for the things you need is to make more of it! If you think that your financial situation could be drastically improved through a career change, consider selling your structured settlement to get the money you need to further your education and create a brighter future.
Tip #8: Buy a house, stop paying rent
Why give money to your landlord rent money each month when you could be paying yourself? By selling your structured settlement, you can get the cash needed to put a down payment on a home and start making payments to yourself instead of a landlord.
Tip #9: Pay down debt
Paying off debt is one of the most difficult things to do. Carrying substantial debt can impact all aspects of your life, including reducing your disposable income and lowering your credit score. Get rid of nagging debt once and for all by selling your structured settlement and using your cash payment to clear your financial slate and start fresh this fall.
Tip #10: Enjoy yourself!
While saving money and staying on budget are important, don’t forget to have a little fun and enjoy yourself this fall. If you’re worried about how you’re going to be able to afford coming expenses or are stressed about by the state of your financial affairs, perhaps it’s time to call the friendly customer service representatives at SellYourStructuredSettlement.com and see how selling your structured settlement can help improve your circumstances.
Start this fall off right and get a jump start on the new year, call SellYourStructuredSettlement.com today at (800) 543-6513 or request a quote online to get the most money for your selling your payments.