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09 October, 2022

How To Best Budgeting Tips & Your Holiday Season Gift Guide

Tips On Budgeting

According to Statista, one of the leading providers of market and consumer data, about 42.9% of U.S. households paid income tax in 2021.

The remaining 57.1% paid no individual income tax.

During this year, about 66.9% with an income ranging from U.S.$40,000 to $50,000 paid no individual income tax.

Whichever category you fall into, reviewing and adjusting your budget once a year is considered a sound strategy.

This helps you analyze increases or decreases in income, review debts, and any changes in priorities.

As the needs of our everyday living change, our budget also needs updating.

How to live within your budget?

Look out for seasonal bargains. The best time to get a bargain is during the holiday season.

Holiday Season sales usually offer deep discounts and big savings on products that are in season.

The best shopping days are the first and the last. The first as there's a better selection and the last because the prices are often dropping.

Explore the Holiday Gift Guide below so that you are able to make informed choices.

Here are steps to managing and budgeting your finances:

1. Total up your household yearly income including salary, bonus, dividends, interest, child support, and others.

2. Make a list of your expenses under Fixed Expenses and Flexible Expenses. 

Fixed expenses include rent or mortgage payments, tax, debt repayment, and any others.

Flexible expenses comprise those over which you have some control such as utilities and food.

3. Add up all the Fixed Expenses.

4. add up all the Flexible Expenses.

5. Divide each of these two by 12 (months). This gives you an idea of your monthly spending.

Monthly Budgeting:

INCOME

Salary (including all perks)

Interest

Dividends

Others

Total income

EXPENSES

Fixed Expenses

Taxes

Federal

State

Property

Automobile

Rent, mortgage payment

College tuition

Insurance:

Life

Medical

Dental

Property

Automobile

Debt payments

Others (such as enforced savings or accumulating funds)

Total Fixed Expenses

Flexible Expenses

Food, Beverages

Utilities

Home Improvement

Furnishings & Equipment

Clothing

Personal Care

Automobile maintenance including gas, oil

Fares, others

Medical care (not reimbursed)

Dental care (not reimbursed)

Recreation

Gifts, contributions

Total Flexible Expenses =

Total Expenses (Fixed + Flexible) =

SUMMARY

Total income minus Total expenses =

Balance


Related update to Holiday Season Gift Guide: Sneak Peek Into Amazon Prime Early Access Sale [October 11 & 12] For Prime Members & Tips For Non-Members On How To Benefit


Get The Personal Loan You Want Today


Your Holiday Season Gift Guide





Treat your beautiful home (or theirs). See here.


Save on the best tech now. See here.

This guide includes Gaming, Laptops & Tablets, Gifts Under $100, Audio, Home Entertainment, Fitness Tech, Gift Wrap & Cards, Computer Accessories, Tech On the Go, Home Office,  Sustainable Tech Gifts, Unique gifts in tech, Alexa Built-in.


Unwrap Amazon Fashion. This includes:

Deals on women's gifts:

Dresses under $50, Slippers under $40, Sweaters under $50, Coats and jackets under $50, Lounge under $25, Boots under $75, Button-downs under $25, Lounge under $25, Coats & jackets under $50, Sneakers under $50, Boots under $75, Slippers under $40

Deals on men's gifts:

Button-downs under $25, Lounge under $25, Coats & jackets under $50, Sneakers under $50, Boots under $75, Slippers under $40

Click on your choices from:





















Prime Member deals await. Join Today. Cancel Anytime. 
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Featured Brands






Inspiring Fashion Businesses






eGift, Physical gift cards, Print at Home, Animated, Specialty gift cards, Birthday, Thank You & Appreciation, Christmas, Halloween. See here.


Dress up your beautiful home this holiday season with 4+ star décor. See here.


4+ star favorites to keep warm this season. See here.




 


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