Why budgets dont work for spendthrifts

MONTREAL — Starting the New Year broke and in debt?If you’re beyond budgeting, trying to cut back on spending in small ways may work best, say experts who offer simple tips on saving.Credit counsellor Margaret Johnson says budgets don’t work for spendthrifts.“They start off with the best of intentions, but the reality is no, they don’t work,” said Johnson, president of Solutions Credit Counselling Canada in Surrey, B.C.Here is a list of tips that cover credit cards, spending, shopping and hanging on to spare change.Credit cards: Johnson suggests getting a credit card that gives you cash back rather than points, saying the money is more useful.For those with credit card debt, make two payments every month that are tied to when you get paid to cut down on interest charges, she added. Also know how much interest you are paying.“Most people don’t pay their credit cards in full,” she noted.Cash: The Penniless Parenting blog says spendthrifts should use cash as much as possible and recommends carrying around a $50 or a $100 bill. See how long that bill can last without being broken.“Do I really want to break a $100 bill?” says the blog’s author, who is only known as Penny.Penny also recommends waiting 24 hours before buying anything that costs more than $100 and having a “buddy” — a spouse, partner or friend — you can call before spending $50 or more.She also recommends that spendthrifts avoid window shopping or malls and other “problem spots” for spending.“Just don’t go there. Change your route.”Johnson adds that couples can give each other a weekly “allowance,” or if one half of the couple has trouble with spending, he or she can get a weekly amount.Household debt is a problem and Canadians have been borrowing like never before with help from low interest rates. Statistics Canada recently said the household debt to income ratio has risen to a record high of 164.6 per cent.Smart shopping: Fashion blogger Marta Tryshak notes shopping must not take priority over essentials for big spenders.“You shouldn’t be compromising your heat over a new bag,” said Tryshak, creator of the blog withlovegabrielle.com.Tryshak said online stores have more variety and it’s easier to research what you want and compare prices.She said Revolve Clothing, which sells trendy items, offers free shipping to Canada and if you type the word “tulip” at the online checkout, you get a 10 per cent discount.Tryshak recommends subscribing to a select few retailer newsletters and social media for special deals. For example, she says online women’s fashion boutique Aritzia will email a code that a shopper can take into a store and get a list of exclusive sales while other shoppers will be paying full price for the same items.Website retailmenot.com provides coupons for discounts on clothing, shoes and other items, Tryshak said.Tryshak also said the best deals on the little black dress and cashmere knits are just after Christmas.“They never go out of style but they do go on sale.”Groceries and cooking: http://www.groceryalerts.ca helps save money on groceries with Canadian coupons and grocery flyer deals.Blogger Penny of Penniless Parenting suggests using a crockpot so that you can come home to a hot meal and avoid eating out.“People spend a lot of money on takeout because they don’t have the energy to cook after a long day,” she said.Spend time at each other’s houses instead of going to bars and restaurants, Penny added.Get together with some friends and buy groceries in bulk, offered credit counsellor Margaret Johnson.Spare change: If you’re not going to roll your coins, take it to a change machine, often in a grocery store, to get the cash back. It doesn’t do any good just sitting in a jar, Johnson said.Break the cycle with small steps: Just say “No” to some spending. Buy one less coffee or one less lunch a week or choose something that’s relatively easy for you to spend less on.“Pay attention to what you want to do with your money. Where am I today and where do I want to be tomorrow or six months from now?” Johnson said.“You’re working really hard for your money.”So at least try to save a bit in 2013. read more

Do you have ADHD or teach children with the condition

first_imgThis study represents an important chance for young women living with the condition to have their voices and opinions heard, and to help others understand what it is truly like to live as a young woman with ADHD in the Irish context. Second-level Teachers The researchers of this study also want to speak with second-level teachers who have some experience supporting students with ADHD in the classroom.Teachers are asked to reflect critically on their own educational preparation for working with students with ADHD, as well as their own praxis, and ways in which classroom inclusion for second-level students with ADHD could be increased.They are asked to complete one online questionnaire and to consider completing a personal interview which can be held at a time and place of their choosing. Lynch said:“This study is an opportunity for teachers to express their opinions regarding the particular needs of second-level educators in supporting students with ADHD and ways in which educational provision for students with this condition could be improved for this population.” A STUDY TO examine the impact of ADHD in young women in Ireland is being carried out by researchers from NUI Galway.The study aims to examine the impact the condition has on their educational and social experiences.Women aged between 14-20 with a formal diagnosis are being asked to take part.Participants will be asked to provide their opinions and insights regarding how ADHD affects their daily lives, academic performance and achievement, and their relationships with others.They will be asked to complete one personal interview and one online questionnaire.It’s open to participants living anywhere in the Republic of Ireland – as a researcher will travel to a location of their choosing.Opinions HeardSo far, very few studies of ADHD have taken place in Ireland, and fewer yet have considered the impact that ADHD has on the lives of young women.The conditional has traditionally been studied in young men and so the findings contain a strongly male bias and largely ignore the specific needs and challenges of young women.Primary researcher of this project, Andrea Lynch said: “We do a lot of talking ‘about’ people with ADHD, and yet, very little communication takes place with people affected by ADHD.center_img Those interested in participating in this study should contact researcher, Andrea Lynch, at a.lynch19@nuigalway.ie or on 087 1129868.Read: Toxins in everyday items linked with ADHD and other brain development disorders>Read: ‘Unfair’ of HSE to reject scheme application for boy with ADHD>last_img read more