Stretch my Money | JustMoney (2024)

FAQs

What does stretch the dollar mean? ›

And when you say that you need to stretch your money or stretch every dollar, it means that you are going to budget your money so that you don't spend too much of it.

Cut down on everyday spending

To save money, consider buying fewer products or switching to a less expensive substitute. Look for better deals on what you need and try reducing items you already pay for. Here are some ideas to lower daily costs: Learn to cook—Skip the takeout and opt for a home cooked meal instead.

From Longman Dictionary of Contemporary Englishnot stretch to somethingnot stretch to somethingBritish English if someone's money will not stretch to something, they cannot afford it The budget won't stretch to a new car this year.

How do you stretch money during a recession? ›

2) Invest in things that increase in value over time.

As you increase your cash reserves, investing more in assets (things that increase in value), like stocks or real estate, will pay off in the long term. The key is to invest with a 10-year outlook. During recessions, you have access to more assets for less money.

Among the major developed markets, the Federal Reserve is expected to lead the rate-cutting trend. Consequently, the dollar will likely continue to fall moderately as the yield differences between the U.S. and other countries shrink.

The reasons that most people struggle financially will vary on the individual case but can include a lack of financial literacy, a scarcity mindset, self-esteem issues leading to overspending, and unavoidable high costs of living.

When a country pegs its currency to the dollar, it fixes the exchange at a set, predetermined rate. The value of the currency is maintained by the country's central bank. Since the dollar's value is on a floating rate, it fluctuates. This means that the pegged currency's value rises and drops with the dollar.

If you stretch an amount of something or if it stretches, you make it last longer than it usually would by being careful and not wasting any of it. Collins COBUILD Advanced Learner's Dictionary.

Currency depreciation is a fall in the value of a currency in terms of its exchange rate versus other currencies. Currency depreciation can occur due to factors such as economic fundamentals, interest rate differentials, political instability, or risk aversion among investors.

: to extend (one's limbs, one's body, etc.) in a reclining position. 2. : to reach out : extend. stretched out her arms.