What do you do when there is a change in your family’s employment, and/or financial situation? The economy has impacted families in a number of ways. For every one it is different, but whether temporary or permanent, it is change that for however long, becomes your new normal. If you follow me on Twitter, you may have read that my family is adjusting to a new normal. While I won’t get into specific details or personal information, I do want to share some of the areas that we have had to make adjustments to as they relate to our budget, and daily lives.

Change in budget - Just a little bit of the back story – my husband’s position of 27 years has been phased out of his department. He now has a new job, with the same department, same benefits, but it’s in a new location that is further away. No decrease in pay, however a substantial increase in mileage, vehicle wear & tear, work clothing expenses, plus now an additional daily expense of up to $8.00 in tolls that we never had before, has all added up fast. Thus, our monthly budget is being drastically revised.

Change in income - Well, more like a change in salary structure that has changed our main monthly income from a set amount to a fluctuating one. For the last couple of months I have been figuring our average and trying to budget with that. The goal is to keep us living within that average monthly income, and stashing away anything extra. So much some extra money could go towards, but there are always added unforeseen expenses that pop up.

Change in daily routine -
The longer commute means a longer day, and the longer hours effect all of our daily routines. Earlier to bed, earlier to rise (for Mom & Dad anyway). He doesn’t go past the grocery store on the way home anymore, not as many family dinners, responsibilities have shifted somewhat. We appreciate the quality time we have when we are all at home together as a family though. Mom does more school and home related tasks, with more help from the kids.

Change in my online life - I have been involved in online business for over 6 years, and absolutely enjoy writing in my blogs, learning new things, and helping other online business owners as a Virtual Assistant. In order to bring in a little income, to help with our change in budget, I’m focusing more on attracting new clients, plus getting my new routines figured out.

I have done the wallowing pity-party thing in the past, but now I look at what we have to be thankful for. This is what it is going to be, our new normal. It is what it is, though, as my Mother-in-Law said to me the other day, “it will become what you make of it”. Things will eventually settle down, I’m sure, but until then, I plan to make the best out of it as I can! For now, flexibility is a must! ;)

MomsBudgetPlan.com

Holiday Budget PlanWhat do I want this holiday season? A cheaper electric bill will do. During the holidays, an enormous amount of energy is consumed lighting up homes, yards, and hosting holiday gatherings.

The number one thing that saps electricity is the lights. The lights by themselves don’t give off much energy, but add several strings of lights and keep them on all evening, for several evenings in a row and you’ll see the rise in your electricity bill.

Instead of using the usual lights for decoration, think about purchasing LED lights. LED stands for light emitting diode. These lights are controlled by computer chip technology. They do not use much energy, nor emit any heat. They are much safer, ans won’t be a fire hazard should they rest on a dried tree branch or a piece of paper.

But, these are not the only lights that could be replaced. Think about the lights in your fixtures. CFL (compact fluorescent light) bulbs have become very popular. They provide brighter light and use fewer kilowatts to do it. You may have seen those coiled bulbs in the store. They are made to fit any light fixture, and are said to last longer than incandescent bulbs. Replacing your regular bulbs with these ensures brighter lighting at a lowered cost for the holiday parties.

Keeping the thermostat at a constant temperature saps less energy in the long run. Depending on what we are doing, we turn it up or down. This is a mistake because every change means more energy to meet the new temperature request.

If you live in a warm climate, try room darkening shades or using heavy curtains. This blocks the sun’s rays from getting trapped in your home and overheating the place. Also, installing ceiling fans helps to circulate the air in the room and save you money. Control the temperature by turning the fans on and off instead of tweaking the thermostat.

Also, using the oven can heat up a home considerably. Cooking during the evening when it is cooler avoids the uncomfortable sticky feeling that comes with cooking on a hot day. During the day, warm meals using the microwave. This keeps the temperature in the home from rising.

Looking to spend less this holiday season? Don’t forget to include energy bills in that equation. A few helpful energy-saving tips make all the difference.

Holiday Budget Plan One of the best ways to stay on track with your holiday budget, is to curb holiday impulse buying. Many people are guilty of impulse buying without even realizing it, and then wonder what happened to that careful planning when the bills come. Curbing your impulse buying now will help when it comes to balancing income and bills.

The most common place that people impulse buy, is at the grocery store. A good rule of thumb is never to go shopping when hungry, and always go shopping with a list and your coupons. This is something I talked about in my post last week, “5 Tips to Save Money on Groceries“. Don’t sabotage yourself by giving in to cravings either, or convincing yourself that you deserve a treat.

On the other hand, treats should be written into the family budget, whether those are food items, or an entertainment expense. Budgeting is much like dieting for calories. If you continually deny yourself all the good stuff, or the things that you like best, you’re more likely to rebel and go overboard by gorging or spending to excess. And given the spirit of giving throughout the holidays, it can be easy to do.

And of course, the classic safeguard against impulse buying is to ask yourself if you really need it. Is it on your list? Don’t stand there and argue with yourself, and try to rationalize the purchase. If you can’t honestly answer “yes” immediately, turn and walk away. If you really do need the item, you never know when you’re going to find a coupon for that item, or a better price during a sale. If you plan your holiday budget in advance, you can plan out your buying as well.

Happy Holiday Budgeting!

MomsBudgetPlan.com

My Tweets

  • @carriekirby I know me too! thought there would be a "part 2", but knew it early this afternoon. So much hanging for next season!
  • @carriekirby It's okey - I'll have all summer to come to grips with it. *sigh* Tho - I couldn't tell who'd return next season by the ending!
  • There is a west coast friend of mine who would kill me if she saw ANY #greysanatomy updates before she saw this episode! U NO WHO U R

Disclosure Statement

I am an affiliate for some of the providers of goods and services mentioned on this website, and may earn a commission when you purchase from those providers (helps pay the bills). If you have any questions about a particular product or service, please ask - I will always be upfront and honest with you.
© 2011 MomsBudgetPlan Suffusion WordPress theme by Sayontan Sinha