The Sequestration Solution: How To Cover Your Sequestration When Using Technology
As sequestration becomes more and more of an issue in many industries, there’s no doubt it will also have an impact on your department or team. This article provides tips on how to handle this problem in your own role so you can provide the highest level of service possible without sacrificing quality. Read on to learn how you can provide the best solution for your organization during this difficult time.
Find your inner budget (Part 1)
The first step to finding your inner budget is to know your priorities. What do you need and what can you live without? Make a list of your essential expenses and compare it to your income. If your income is less than your expenses, it’s time to find ways to cut back. Begin by looking at your discretionary spending. Once again, make a list of all the things that you spend money on each month in these categories: (1) food/drink; (2) entertainment; (3) shopping; (4) sports/exercise; and (5) travel.
Add up the total for each category, then divide by 12 to get an average monthly expenditure. For example, if you spend $200 per month on food and drink but $300 per month on sports/expirses, then subtract $100 from your expense total and add it as an extra expense category for food & drink. It’s best to avoid combining categories like this because some people will feel inclined to justify high-cost items in one category by lowering their cost in another area.
Consider splitting any high-cost item into two categories or breaking out related items like groceries vs non-grocery essentials like toiletries or pet supplies). Next, come up with ways to reduce your costs in each category. Be realistic about how much you can lower your expenditures and stick with one change per month until it becomes habit. You’ll be surprised how quickly small changes add up over time!
Use technology to save you time and money (Part 1)
By automating your finances, you can take the headache out of budgeting and make sure you’re always on top of your money. Additionally, using tech to stay organized can help you keep track of your expenses and save time. Here are some helpful apps that will let you easily manage your finances without having to do all the work yourself. Mint is a great app for keeping tabs on how much you spend in various categories, plus it lets you set goals for saving money. You can also set up an alert so that Mint notifies you when it’s time to pay bills or spend money in a particular category.
You’ll also find automatic notifications from sites like Facebook and Twitter, which means there’s no need to constantly check these social media accounts for new messages or updates; instead just leave Mint open in another tab or window! MoneyWiz is another tool for tracking spending, though this one allows you to create budgets so there’s never any confusion about what category is supposed to be high priority this month. It’s easy to use and intuitive – after inputting your financial information (including account balances), it automatically calculates where you should spend your money next.
Mint isn’t the only site with online tools designed to simplify your life – BudgetHero offers simple calculators that allow you to estimate what different lifestyle changes might cost. For example, if you want to get more active by going running every day, it will show you how much that could save on things like food and clothing over the course of a year.
If all this seems overwhelming, don’t worry! These apps are designed with simplicity in mind – they won’t bog down your phone with features that don’t apply to you or overwhelm with complicated interfaces.
3 things you can do with a little extra time and money
If you find yourself with a little extra time and money, there are a few things you can do to help cover your sequestration. You can start by looking for ways to save money on your technology expenses. One way to do this is to shop around for the best deals on devices and services. Another way to save money is to use free or low-cost alternatives to paid services. Finally, you can take steps to reduce your energy consumption, which will help lower your monthly bills.
First, be sure to turn off any lights when you leave a room and make sure that any electronic equipment is plugged into power strips so it automatically turns off when not in use. Second, replace incandescent light bulbs with compact fluorescent bulbs. And third, adjust the thermostat so that it isn’t set above 72 degrees during the day or 68 degrees at night. It’s important to remember that these measures won’t solve all of your problems, but they can go a long way towards helping you stay afloat during these difficult times.
The next step would be to look for ways to improve your budget situation even more. For example, if you haven’t done so already, now might be a good time to review your spending habits and try to identify places where you might cut back.
If you’re using credit cards, pay them off every month; if possible, also use cash instead of plastic as much as possible (that way you’ll never have more than what’s in your wallet). Or consider making an emergency fund out of six months’ worth of living expenses that should cover anything from health care costs (including prescriptions) to replacing appliances and even major items like cars or computers.