Summer is Over, Kids are Back at School. Time to Refocus 

Somehow the summer hot weather tends to have a negative impact on our budget. I know I am guilty of extending that road trip by that extra day or spending too much on entertaining the kids because they are "bored." Many people find themselves struggling with money by the time summer ends.  Review the July 1st newsletter to see if you have forgotten your financial goals during the summer.

Now that Fall is upon us, it is important to refocus and get back on track with your money. It's so important to have a plan for your money every month, or you can easily fall into the no-good debt trap. Here are some tips to get you back on track with your money: 

Understand Where Your Money is Going
Take a few minutes to look at your bank accounts and really understand what you see. If you don't, you run the risk of living in the dark where it comes to your money. At least understand where your money is going. Are you spending a proportionately high amount on eating out and entertainment or is too much money going towards your debt.

Update Your Financial Plan. Use the FREE TWF budget
A budget is your game plan, where you tell your money what you want it to do. This isn't rocket science! Just give every dollar a name on paper before you get your paycheck so it won't all be gone in a week. Use the TWF budgeting here. 

Use Cash instead of Plastic
Since you spend 12–15% more when you use plastic than when you use cash, try cash only. Leave the plastic at home. If your cash runs out, don't buy anything else until your next pay cheque.  

Set Boundaries
A lot of this centers around the ability to say the word NO and really mean it! Sometimes you're going to have to tell yourself, your spouse, and your kids "NO! It's not in the budget!" so be prepared. It's a phrase you'll be glad you know how to say. 

Start Saving NOW for Holidays
Now is the time to start planning and setting aside any money you want to spend around these huge retail seasons. Make a list and stick to it! If you start now, you can keep Halloween and Christmas from following you into next year! 

Commit now to making your budget a priority over the next few months. Just by incorporating these seemingly small changes into your daily habits, you will reap many rewards in all areas of your life.