Author: Lavon

Eating Healthy on a Budget – A Key to Financial Wellness

Financial wellness means more than investing in the right assets or having a large savings account. It also means knowing how to keep your cost of living down so that you can achieve your financial goals.
One area many people overspend and don’t realize it is food. You might say that eating healthy is expensive so you have no choice, but there are ways to eat healthy on a budget.
Here’s how.
Shop Sales
It’s easy to run to your local grocery store and just buy what you need, but that’s also how you go over budget. Instead, invest the time to look at the sales at a few local grocery stores and plan your meals and snacks around what’s on sale.
If you’re short on time, focus your shopping trip at the stores with the best sales on organic produce and meat, filling in with other items as little as possible, but minimizing your trips to the store.
Have a Meatless Day
You aren’t required to eat meat 7 days a week. Implement a meatless day (Meatless Monday is fun) and you’ll save money on your grocery bill each week. It can be fun to try new recipes – just check out Pinterest for some great options. You never know when you’ll find recipes your family loves and maybe you can cut down to 2 or 3 meatless meals a week.
Shop the Perimeter of the Store
If you’re shopping for healthy food, there’s no reason to go into the inner aisles unless you need spices or rice. If that’s the case, only go down the aisles with the few other items you need, but mainly stick to the store’s perimeter.
By not going up and down each aisle, you’ll avoid the temptations found in each aisle that not only aren’t healthy, but cost more than you intended to spend. Putting an end to impulse buying is a great step toward financial wellness.
Freeze Produce Ahead of Time
If you’re able to get organic produce on sale, buy in bulk and freeze it. You can do the same with meat and even some dairy. Anything that you can safely freeze, buy when you can get it the cheapest and freeze for use when prices increase.
Meal Plan
Another key to saving money on healthy food is to plan your meals. When you wing it, you’re more likely to run into the closest store and buy what you need to make what you want that night. If you do this often, you’ll go over your budget much faster than if you planned your meals around what’s on sale or even what you already have in the fridge.
Final Thoughts
Knowing how to save money on healthy food is an important part of achieving financial wellness. Your food spending can be one of the largest parts of your budget, so knowing how to cut it down can help you achieve your financial goals.
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Hi, I am Dwayne your Financial Advocate and contributor to the Your Financial Wellness Blog. My goal is to provide you with the tools necessary to help you live financially well. Be sure to subscribe to the Your Financial Wellness Blog to know when I drop a new post.

If you are interested in learning how to create a household budget, tips on how to invest, how to set up your will an more than this is the place for you!

You can also catch me on the Kaii Marie YouTube Channel to discuss all things financial wellness! Visit Kaii Marie online to learn more about living holistically.

How to Save on Summer Fun (But Still Have Fun)

This year it might seem a lot harder to have summer fun on a budget. I’m here to tell you that it’s still possible despite the high inflationary period we’re experiencing today. A financial wellness plan should always include plenty of ways to have fun including vacation.

 Here’s how to save on summer vacation and still enjoy the time with your spouse and kids this summer!

 Plan Ahead

Don’t try to wing it for this summer’s vacation. It’s all about planning and the earlier you plan, the more money you’ll save. Check airfare as early as you can and check it often. You’ll find that one day it’s sky high and the next they are rock bottom prices. Have a price in mind and when tickets hit that price, be ready to hit ‘purchase.’

 Look for Bundled Deals

 If you’re flying and staying at a hotel, look for bundled deals. Many times, airlines, hotels, and other vacation companies have deals that help you save on both hotel and airline tickets if you travel for at least a few days.

 Plan Meals

 Just because you’re on summer vacation doesn’t mean you must eat out at every meal. Picnics or even eating in the hotel can be just as fun. Try planning smaller meals like breakfast and lunch to eat at the hotel, on the beach, or not in a restaurant, and then eat out for dinner. This limits the food spending budget, leaving more money for sightseeing fun.

 Look for Discounts

 There are discounts for all types of tourist attractions, you just have to look for them. Do a search for local coupons online or work with a travel agent to see what savings are available. Even places like Disney World have discounted tickets when you go through a reputable broker. Don’t assume you have to pay full price, there are always ways to save money.

 Plan Free Activities

 Vacation is all about having fun, but that doesn’t mean you have to spend money every minute. Plan free activities too, like a day at the beach or pool, a day exploring the local area on foot, or even just a day of window shopping but no buying.

 Let everyone in your family have some input on what free activities you can do and try new things! You might even have more fun doing the free things than those you pay a lot of money to do.

 Final Thoughts

 It’s important that your financial wellness plan includes room for vacation fun. Everyone needs to spend quality time with their family without worrying about money. Even with today’s higher prices, it’s still possible to take a vacation no matter how small your budget may be.

 Think outside the box, find ways to save on food and activities, and enjoy the time with your family. You’ll come back with a clearer mind and be ready to keep going on your financial wellness plan!


Hi, I am Dwayne your Financial Advocate and contributor to the Your Financial Wellness Blog. My goal is to provide you with the tools necessary to help you live financially well. Be sure to subscribe to the Your Financial Wellness Blog to know when I drop a new post.

If you are interested in learning how to create a household budget, tips on how to invest, how to set up your will an more than this is the place for you!

You can also catch me on the Kaii Marie YouTube Channel to discuss all things financial wellness! Visit Kaii Marie online to learn more about living holistically.

Items are Smaller but Prices are Increasing! What is going on?

You’ve heard of inflation, but have you heard of shrinkflation? It all centers around the same topic – rising costs for consumers and companies. As life gets more expensive for everyone, companies have two choices – raise prices or shrink the size of their products.
Today in the face of high inflationary rates, most companies are choosing to shrink their product sizes to keep costs manageable and profits high versus raising their prices making them more inaccessible to consumers.
So, if you think you’re running out of your favorite food or household products faster, it might not be your imagination – it could be shrinkflation.
*Please keep in mind any information provided here is not financial advice and is for educational purposes only.
How are you Affected by Shrinkflation?
Companies may think they’re helping consumers by not raising their prices, keeping their products affordable, but consumers are still affected. Here’s how.
If you buy laundry detergent that usually lasts you 2 weeks, but suddenly with shrinkflation it lasts you a week and a half, you have to replace the detergent sooner than before, so you’re still spending more money on the product over time, you’re just not forking out more money for the product right now.
3 Things you can do During Shrinkflation
Shrinkflation can have just as many detrimental effects as inflation on consumers, so what can you do during shrinkflation? Here are 3 tips.
Don’t be Brand Loyal
If you notice the brand you usually buy shrunk its size but kept the price the same, but a competing brand hasn’t, go for the competing brand. You might find that store brands are the cheapest, but some name brands may still offer some savings too.
Only Shop for Sale Products
It might be difficult at first, but if you can hold out and only buy products when they’re on sale, you’ll get more bang for your buck. It’s even better if you can stock up during sales, buying enough to get you through to the next sale, then you don’t have to worry about paying full price.
Compare per Unit Prices
Always look at per unit prices, even if you arent aware of shrinkflation affecting your favorite products. You might be surprised to learn that they are affected or that you were paying more per ounce than necessary.
Compare a few brands to one another to see what the per unit price is and which is the best deal. You might find that buying a larger size of something is more economical in some cases, but not all today.
Final Thoughts
Shrinkflation is real, and every consumer should be aware of it. We aren’t just talking about the bag of chips that feels like it’s 50% air, but more so the overall package size of most items you buy for your family and household.
Food and cleaning products are most affected, as are paper products like paper towels and toilet paper. Do your research, look for sales, know the per unit price and don’t be afraid to stray from your favorite brands and try something new in the name of saving money.

Hi, I am Dwayne your Financial Advocate and contributor to the Your Financial Wellness Blog. My goal is to provide you with the tools necessary to help you live financially well. Be sure to subscribe to the Your Financial Wellness Blog to know when I drop a new post.

If you are interested in learning how to create a household budget, tips on how to invest, how to set up your will an more than this is the place for you!

You can also catch me on the Kaii Marie YouTube Channel to discuss all things financial wellness! Visit Kaii Marie online to learn more about living holistically.

 

 

What You Need to Know About Inflation

You’ve probably heard a lot about inflation lately but are you aware of how much it affects you and your household? Financial wellness is the key to living a holistic life, so understanding the effects of inflation and how you can deal with it best is important.

Please note the information in this article is for educational purposes only. Always consult with your financial advisor or a professional before making any financial changes.

Who is Affected by Inflation?

The truth is everyone is affected by inflation. It simply means that prices are increasing, and your dollar is worth less than it was before. In other words, the same dollar that paid for something yesterday won’t cover the cost of the same item today.

5 Tips on How to Handle Inflation in your Household
The good news is, there are ways you and your family can handle inflation in your household with these 5 simple tips.
Reassess your Budget
Your budget is the first place to look when dealing with inflation. Try these tips:
  • Cut back on unnecessary expenses
  • Shop around for cheaper services (utilities, insurance, etc.)
  • Prioritize spending where it’s necessary and cut back on where it’s not
Look at your Debts
If you have variable rate debts, this is a great time to determine what to do with them because with inflation usually comes much higher interest rates.
  • Consider refinancing an adjustable-rate mortgage
  • Apply for a 0% APR balance transfer credit card and transfer your debt
  • Pay down debts you can pay down to avoid the interest rate hike
Invest your Money
Don’t hide your cash under your mattress or keep it in a savings account at your local bank, it will lose value. Instead, try the following:
  • Open a CD and lock in a higher interest rate on money you don’t need right away
  • Invest in ETFs or mutual funds in real estate (a hedge against inflation)
  • Open a high-yield savings account online
Start a Side Gig
If your income isn’t enough, consider starting a side gig temporarily to outpace inflation.
  • Start a freelance gig online using sites like Fiverr or Upwork
  • Drive for Uber or Lyft
  • Offer services in your area such as babysitting or pet sitting
Check on your Retirement Funds
Don’t let your retirement earnings wash away because of inflation. Now is a great time to do the following:
  • Meet with your financial advisor to discuss the effects on your retirement account
  • Reallocate your funds so they’re on target to meet your retirement goals
  • Don’t stop contributing to your retirement funds

Final Thoughts 

Inflationary periods can be scary, especially when they are as high as we’re experiencing now, but in the end, it’s a good thing. It means the economy is growing and we aren’t heading into a recession. Be aware of what you and your family can do to offset the risks inflation poses so you can continue living a stress-free and healthy lifestyle without the stress of your finances hanging over your head.


Hi, I am Dwayne your Financial Advocate and contributor to the Your Financial Wellness Blog. My goal is to provide you with the tools necessary to help you live financially well. Be sure to subscribe to the Your Financial Wellness Blog to know when I drop a new post.

If you are interested in learning how to create a household budget, tips on how to invest, how to set up your will an more than this is the place for you!

You can also catch me on the Kaii Marie YouTube Channel to discuss all things financial wellness! Visit Kaii Marie online to learn more about living holistically.

 

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