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Salary Paycheck Calculator | Payroll Calculator | Paycheck City

One of the best ways to stay frugal is to keep track not only what you are spending on an everyday basis, but also what you are earning. It is easy to figure out your gross pay, but how much will you actually take home on a given salary? This website allows you to calculate exactly how much will end up in your pocket after paying the tax man.

Salary Paycheck Calculator | Payroll Calculator | Paycheck City.

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365 Days of Frugality Day 7: Combine chores into consolidated trips

This post is part of the 365 Days of Frugality Series. Every day, there will be a new tip on how to bring frugality into your day-to-day life. Check out the postings so far here.


 

This one takes some planning, but in today’s age, reducing the amount of time that your spend in the car is beneficial in more ways than one. Not only do you spend less money on gas, you also save on wear and tear on your vehicle and help to save  the environment in the process. Yes, I know that this has very little impact on the environment, but every little bit helps. In addition to these reasons, if you have a set list of chores and have the locations set out, you will be less inclined to make impulse purchases throughout your trip, which are often unnecessary.

365 Days of Frugality Day 6: Keep track of everyday spending

This post is part of the 365 Days of Frugality Series. Every day, there will be a new tip on how to bring frugality into your day-to-day life. Check out the postings so far here.


 

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With access to online tools to track spending in today’s age, there is no excuse for not knowing where each and every dollar is being spent. The best personal finance software that I have found is Mint.com. Mint.com keeps track of this spending as it occurs, but also offers proactive budgeting tools to plan your spending on a monthly basis. This  program is very easy to set up, updates your account information seamlessly, and provides suggestions based on your own specific situation. Overall, this is a great beginners tool to personal finance that should be taken advantage of by all.

To make this habit stick, I have gotten into the habit of checking the website as part of my daily return. It only takes a few minutes to open up the account, take a look at your transactions, and determine if the expense has been properly categorized. You can then check and see how much of your budget for this category is left. It has really become an addiction to see that my spending has lined up with my budget, and plan the rest of the month based off of the money that remains, while still being able to save for my goals.

365 Days of Frugality Day 5: Take advantage of credit card rewards and offers

This post is part of the 365 Days of Frugality Series. Every day, there will be a new tip on how to bring frugality into your day-to-day life. Check out the postings so far here.


 

As I wrote in a previous article, the Chase Sapphire Preferred is a great tool to get cash back on everyday purchases. These points can be used for travel to all inclusive resorts for free, gifts, or even straight cash back in the form of gift cards or a check. In today’s age of digital safety, credit cards also give your purchase protection, in that money does not come directly out of your account when a purchase is made. This will save you from fraudulent activity in the case your number gets stolen. Overall, with cash back on every purpose, it would be stupid not to take advantage of offers like these.

So far this year, these tactics have resulted in me receiving around 300,000 points with minimal efffort by taking advantage of credit card offers. This has translated into multiple hotel stays and basically being able to book my upcoming honeymoon to all inclusive resort at no cost. The possibilities are nearly endless with a little research and effort, and can result in $1,000’s in free travel.

365 Days of Frugality Day 4: Go for a Run or Walk

This post is part of the 365 Days of Frugality Series. Every day, there will be a new tip on how to bring frugality into your day-to-day life. Check out the postings so far here.


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This one isn’t directly related to finance, but getting good exercise on a daily basis will pay huge dividends to your financial situation. With the rising costs of healthcare, it is in your best interest to keep your body healthy, which in turn will reduce costly office visits and procedures. The best defense is a great offense, and this is no change when it comes to your health. Get outside and breathe the fresh air once in a while. In addition, it doesn’t cost you a dime!

For my fitness, I like to make use of technology to aid in my progress. One of my favorite ways to track my runs is using the Nike+ running app on my Iphone. This is a free tool that keeps track of how long you have run, and also maps your route and the number of miles that you have covered. It also provides motivation on your run through audio cues and has a great interface to control your music during your run.

365 Days of Frugality Day 3: Skip the Morning Coffee

This post is part of the 365 Days of Frugality Series. Every day, there will be a new tip on how to bring frugality into your day to day life. Check out the postings so far here.


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Until you get to work, that is. That sentence alone without the second part could probably put some people in shock.

I walked into a Starbucks the other day and was  astonished by the prices charged for some of the items. $4.75 for a small frappuccino? Outrageous. Small indulgences like these add up to become major line items on a budget over a weekly and monthly basis. Instead of making the morning coffee stop, switch up your routine and make a thermos before you leave work. Even single serve Keurigs are a better deal than going to a coffee joint, and are very convenient. You can even buy k-cups off of Amazon as low as 61 cents each. (Donut Shop is my favorite, btw.) Better yet, take advantage of the office provided coffee for a few days. Yes, I know some of it is terrible, but caffeine is caffeine and even drinking this a few times during the week will save a few bucks. You may even end up liking the convenience and even learn to appreciate it black compared to the sugary mess that Starbucks passes off.

As an added extra, here is a recipe for how to make a pumpkin spice latte, for those that are addicted to the Starbucks offering during this time of the year.

365 Days of Frugality Day 2: Pay off your credit cards in full.

This post is part of the 365 Days of Frugality Series. Every day, there will be a new tip on how to bring frugality into your day to day life. Check out the postings so far here.


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This cannot be said enough. As noted within my post 5 Factors To a Healthy Credit Score, carrying a balance does not indicate a healthy credit profile, thus will not benefit your credit score in the long run. Even though paying the minimum on credit cards may seem optimal as it frees up your cash flow over a longer time period, this will keep you in perpetual debt and you will pay longer on the purchases. I like to think of it this way. Would I want to pay a 15-20% markup on this purchase from the moment that I buy it? If not, I will reconsider the purchase and make sure that I have the funds necessary to pay off the balance IN FULL. It is as simple as that.

365 Days of Frugality Day 1: Pack Your Lunch for Work

This post is part of the 365 Days of Frugality Series. Every day, there will be a new tip on how to bring frugality into your day to day life. Check out the postings so far here.


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This is one of the things that can instantly result in savings on an everyday basis. At the minimum, you are spending $5 each day to go out to eat, which adds up to $25 per week, or $1,300 per year. Think about what you could spend this money on! This is enough for a nice vacation, although it you are using my tips, you could vacation for free. Regardless, packing your lunch will leave extra dollars in your pocket at the end of the week, and will also be more kind to your waste line, as the average fast food meal contains a whopping 836 calories. 

Beginners Guide to Mint.com Part 1: Accounts Overview

Mint.com is a great tool for not only consolidation of account information across multiple financial platforms, but also figuring out exactly where your money is being spend on a monthly basis. The following will summarize the Accounts section of the  initial “Overview” page of the website, and how this page can be used as a snapshot of your financial situation at any given time.

First off, some people have had some concerns with the security of the website, as your bank credentials are needed in order for the website to access your information. As the website is run by Intuit, a very large and established publicly traded company that provides financial services to businesses, there is a vested interest in keeping the site safe and secure. This article breaks down the implications pretty well, but it is of my opinion that your information will be kept safe and secure.

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When you log into the website, the default page that opens up will be the “Overview” page. On the left side of the page you will see the heading “Accounts”, with subheadings for cash, credit cards, loans, investments, and property. In this space, the accounts that are added to the website will show up and be automatically updated with up to date balance information. This is very useful in that it saves you the time of having to log into multiple bank and credit card websites to check balances, which can be very cumbersome. In addition, the log-in information only has to be updated when it is first added.

Overall, this single function of Mint can save you an exponential amount of time as you are able to quickly log onto the site and see where you stand with each of your accounts. By using this function, you can potential overdraft fees and structure your expenses accordingly based on the balance within each account.