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The Simple Way to Track and Save Money

The Simple Way to Track and Save Money

I like to keep track of what I’m spending, what money is coming in, and what my outgoing money is spent on. It helps me to save money for expected and unexpected expenses, as well as setting money aside for vacations and all those seasonal holidays that involve spending money on gifts (Christmas, Birthdays, Weddings etc.). Usually, I use a spreadsheet for this — Excel, in my case. However, I know of many people that have an aversion to spreadsheets, in particular, getting the formulas right and making calculations across several sheets… far too complicated and too much effort.

This is where You Need a Budget (YNAB) helps by providing you with software that assists you in managing your budget. Plus, unlike Mint, it supports more than just the US and Canada, and not only that, YNAB teaches you a 4-rule method to manage your money with the goal of saving enough so that you can live off the previous months savings without spending any of this month’s income.

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Here’s the 4-step rule:

  1. Give Every Dollar a Job.
  2. Save For a Rainy Day.
  3. Roll With the Punches.
  4. Live on Last Month’s Income.

1. Give Every Dollar a Job

The principal behind this rule is to assign your money to an expense, whether that is rent, groceries, etc. So after you add a checking account and put in a total, you need to assign your money to do a job. Any money not assigned can be rolled forward to future months.

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    2. Save For a Rainy Day

    This rule is all about planning ahead. For example, you have home insurance to pay for and it’s due in 6 months. Budget for it across 6 months, so that you don’t spend money impulsively. You can use this rule to save up for vacations and other high ticket items (a new couch or TV). The same method can be used to set aside money for unexpected bills, such as car or home repairs.

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    3. Roll With the Punches

    This rule is all about adjusting your budget when you overspend in one category. This happens sometimes; for example, you spend more on books than you intended, in which case, you can adjust your budget by moving some of the money budgeted towards clothes, or have it deducted from next month’s budget so you spend less on books in the following month. It’s straight forward to put what you are spending by adding a new transaction. This can be income or expenditure, and the main budget sheet will keep track of it for you.

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      4. Live on Last Month’s Income

      This is the main aim of this method. To save up a month’s worth of paychecks before the month has started.

      One of the useful features in YNAB are the charts that let you see where the bulk of your money goes. This can help you to re-budget and see which areas of your life takes up most of your income. You these reports to help you re-adjust your budget if necessary or to create targets. For example, if food expenses eat up a large percentage of your spending, you can try and adjust it to make it more proportional to the other parts of your life.

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        If you follow this method that YNAB coaches, then it can be a useful personal finance (or small business) budgeting tool. It’s free to try for the first 30 days, and if it’s for you, then it only costs $60 to get a license for the software. YNAB also provides a bunch of home study guides and online classes to help you learn and this method.

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        Hoi Wan

        Hoi is a mobilist who blogs about technology trends and productivity.

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        Last Updated on February 11, 2021

        Want to Get Free Product Samples Like Bloggers and Beauty Gurus Do? Read This.

        Want to Get Free Product Samples Like Bloggers and Beauty Gurus Do? Read This.

        Imagine receiving a regular supply of free samples through your letterbox?

        These free samples by mail could include things such as cleaning products, cosmetics and packaged food.

        Free samples are a great way to try out some of the latest products. One week you may have a new toothpaste to try – the next week you may be snacking on a delicious chocolate cookie sample.

        As the saying goes, variety is the spice of life. And by requesting free samples by mail (I’ll show you how shortly), you’ll have not just variety – but fun too!

        Tell Me More About Getting Free Samples Sent to My Door!

        So, it looks like I’ve caught your interest. That’s great news!

        Just before I introduce you to 10 places where you can get free samples by mail, let me clarify a couple of things.

        Firstly, all the places I’ll talk about are currently active in sending out free samples to consumers. (In other words, no links to out-of-date or dead pages!)

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        Secondly, location is key. If you live in North America, then you’ll have a wide selection of places to sign up to. In other locations (for example, Africa, Asia and Europe), you’ll have fewer choices – but free samples by mail are still a possibility.

        Lastly, to whet your appetite for the freebies, here’s a short list of product examples:

        • Pet food.
        • Beauty products.
        • T-shirts.
        • Greeting cards.
        • Wallets.
        • Snack bars.
        • Vitamins.

        Free Samples by Mail… Tell Me Where to Get Them!

        It’s now time to share my recommendations for the best sites to claim free samples from.

        Let’s start with…

        #1 SampleSource

          This company sends out boxes of 6-12 free samples about four times a year. Products include baby wipes, cereals and tissues. Register with SampleSource to be notified of the availability of their free samples. (Canada and U.S. only.)

          #2 Influenster

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            As their name suggests, Influenster wants to send free samples to you in exchange for you sharing about the products on your social media accounts. Once you’ve become a member (join for free!), they’ll send you a box of free goodies every few months. The more you share pictures and reviews of the products – the more free samples they’ll send you! (All major territories.)

            #3 PINCHme

              This organization will send you free samples in the hope that you’ll then go out and buy the equivalent full-size products. To receive regular boxes of free food, drink and cosmetic samples (and sometimes coupons), then sign up and create your profile. (U.S. only.)

              #4 House Party

                Thinking of throwing a house party? If yes, then be sure to sign up with this company. They’ll send you a box of ‘themed’ products and services that you can hand out at your party. Register with House Party. Wait for the fun freebies to be mailed to you. And then start sending out your party invites! (Worldwide.)

                #5 YoFreeSamples

                  This site is a great resource for a whole host of free samples that can be mailed directly to your door (with no survey requirements!). You’ll find anything from books to perfume, with new offers listed daily. Head over to their site to see what’s currently available. (Mostly U.S., with occasional offers for other countries.)

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                  #6 Magic Freebies

                    The U.K.’s most popular freebie site. Register for their email newsletter, and they’ll send you a daily email with eight free sample offers. These include products such as disposable razors, dog bowls, and even fake tan! So, what are you waiting for? (U.K. only.)

                    #7 SweetFreeStuff

                      Since 2002, this simple site has been linking to the best free sample offers currently available. To get started, sign up to their daily email newsletter, which contains links to the latest offers. As well as free samples, SweetFreeStuff also gives information on coupons and deals. (Worldwide.)

                      #8 Sample A Day

                        Would you like to receive a notification of a new free sample every day? Well, that’s the promise from this site. They claim to thoroughly research all offers, ensuring there are no catches or hidden surveys! From baby products to socks, this site is sure to have something for you. Registration is super-easy. Simply enter your email address. (Australia, Canada, U.K. and U.S. only.)

                        #9 Pretty Thrifty

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                          This site specializes in free beauty products, but also lets you claim free samples such as energy drinks, snack bars, and even magazine subscriptions. Pretty Thrifty has more than 85,000 followers on social media, so clearly knows how to attract free sample hunters. One thing that makes Pretty Thrifty stand out from most of their competitors, is that their email newsletter is available in daily, weekly and monthly formats. (Mostly U.S., with occasional offers for other countries.)

                          #10 CrazyFree

                            My final tip for getting the best free samples by mail, is Australian company CrazyFree. Their funky website offers big brand free sample offers, which currently include items such as Dolce & Gabbana perfume, Coke Zero, and Happy Dog pet food. To claim the offers, select the free samples you would like, and then complete their registration form. (Australia, U.K. and U.S. only.)

                            Receiving regular free samples by mail is a fabulous way of testing out the latest products on the market (and some that aren’t even on the market yet!)

                            You’ll impress your friends and family with all the free stuff you’ll be receiving. And take it from me… it’s a fun, free and rewarding hobby.

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