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So you want to have a holiday party…and not go broke

So you want to have a few friends over during the holidays but you don’t want to break the bank.  Here are some suggestions that might help you be  terrific, smooth, and have a great time also.

  • Schedule your party in the evening after dinner or in the afternoon after lunch, then you won’t be expected to serve dinner.  You can serve appetizers or snacks to your guests
  • If you choose to have dinner invite your guests to bring a salad or side dish and you provide the main course.  This won’t only cut down on the money you spend but also on the preparation time for your party.
  • If you choose to decorate your home keep it simple yet homey
  • For entertainment have a game night and ask everyone to bring their favorite game or create an opportunity for everyone to mingle.  It may be more fun to be able to reconnect and create new friendships. Continue reading

Why Be Frugal, Live Wealthy?

I’ve named my blog Be Frugal, Live Wealthy and I wanted to take a minute to explain why I’ve so named it.  Be frugal, live wealthy is not just something we do or an act, but it’s the way we live.  Being frugal is a way of life. defines frugal as economical in use or expenditure, prudently saving or sparing; not wasteful; meager, scanty.  It’s choosing the no name brand over the name brand when they’re equally good, sometimes even produced by the same company.  It’s making sure you live according to a spending plan, living below your means when making a decision to purchase extra items.  It’s making a choice not to go further into debt just because you “have” to have that new item you’ve always wanted.  Living wealthy is an act of looking to the future; towards retirement and working towards a time when you’ll be able to have enough time to spend the way  you wish and have enough money to live the way you’d like.  It’s looking long-term to what’s important instead of short-term to what you want now.

Live Wealthy means to have a long term view of your finances.  It means to make sure you have the appropriate plans in place to save for retirement.  It also means having the right amount of insurance, even though it may cost you more to purchase it.

If you make a goal to be frugal and live wealthy you’ll be able to live within your means, have a more financially stable life, and enjoy a greater peace of mind.

What do I get for the person who has everything…and pay for it?

Some of you may have already finished your Christmas shopping, but for most of us we haven’t finished-some of us haven’t even started.  If you fit the latter then let me give you a few tips: 

  • Make a plan for those for whom you’ll buy
  • Determine how much you’ll spend on Christmas presents.  Add 10% for overspending
  • Put a dollar value of how much you would like to spend on each person
  • Add all the individual dollar values up, and see if the sum of the individual gifts exceeds the total you wish to spend
  • If so, adjust your individual gifts
  • If not, take your money and go purchase the gifts.
  • When you’re out shopping is when you’ll have to be careful
  • Check circular ads for good deals
  • Check Ebay or Craigslist for good conditioned, used products