Rather than entering the exact purchase amount into your check register, round that amount up.
Straight Talk now sells Android phones that can do everything you need it to do so why pay that $160.00 bill to your phone company when it only cost $45.00 for unlimited Straight Talk, talk, text, data and video. They even have two different Androids that you can make payments on for $25.00 a month to purchase the phone. Straight Talk is run by Verison and where I live that covers everywhere. For $6.00 a month I can protect my phone and get it replaced if it is damaged or gets wet. Switch now!
Whenever you pay for something in cash, keep the change in a jar somewhere. Similarly, you can pick a denomination like a $5 or a $10 and every time you get one you put it away. I've done this with a $5 bill, and ended up saving enough in 6 months to pay for a spring break cruise!
I really enjoy shopping, but have been trying to be more realistic with what I'm buying. So, when I get to the register, I re-evaluate and put back the extra shirt or accessory that I only sort-of liked. As a reward, I take whatever the cost of the item was that I put back and put that into a little jar for vacation. I know I'll be thankful for putting back an over-priced shirt when I'm sitting on the beach during Spring Break!
Whenever I've been out and about and have spent money I always wind up with a pocket full of change. Every night when I get home I put all that change into my alabaster box (the money goes towards building new churches.) I'm helping someone while keeping myself from having change all over and feeling like a wonderful person!
Hubby and I talked about our goals and our skills and we share the financial chores. He's the better saver so he's in charge of the savings account. I like to spend but wisely, so when we do need to make a purchase, I shop around to find the best deals.
Do you realize if you put $2.00 a day in a non-see through container, one year from the start date, you will have $730.00??? This is something I am starting, and will stick to~celebrating in one year, that I will have more than a bit to fall back on, rather than holding my breath when truly in need of paying a few bills, or possibly in the position of having to cross items off of a grocery list, just because "the funds aren't enough." Being in this position now, has created some soul searching!
How many of you have opened a bottle of wine to get 1/2 cup for a recipe- then had the bottle go bad before you drank it? How many of you have opened a bottle of wine & decided it really wasn't that great other than possibly for cooking? (how many recipes can you make requiring wine? Right?) How about all those partial bottles left from a party?With this handy tip- you'll never allow wine to go to waste again, plus it will always be handy in pre-measured amounts- right at your fingertips
Quitting smoking isn't easy, but it is easy to see your savings grow. My boyfriend and I recently quit smoking, so every day, I transfer $14 (the cost of 2 packs of cigarettes) to savings. I'm hoping to use this money as a down payment on a house...a way better investment than cigarettes!
Everyone always talks about how much money they save by quitting smoking, so when I quit smoking I made sure to put away the amount of money I had been spending. It's tucked away in a drawer and I'm hoping to use it on vacation.
When I was young, parents (at least MY parents) never discussed money. It was only when I took over my elderly mother's finances that I discovered they had paid cash for cars, rented from inlaws while saving to buy their modest home for cash, invested in stocks, & paid all credit cards in full each month. When my father's salary increased, he saved the extra until he had enough to buy a $1000 CD (certificate of deposit) several times/year. It took decades for me... (click title for more info)
Buying snack items in bulk rather than pre-packaged 100 calorie sizes is cheaper and can be healthier. The trick though is to make sure you divide your snacks into snack bags or small containers when you get home from the store. Get out your food scale or measuring cups for the most accurate amounts. You can mix your favorite snacks together. Craisins and almonds or cereal are wonderful and make great snacks. It is important that you divide the bulk items or you might be tempted to snack from the bag!
To save more money, open several savings or money-market accounts. If you have a specific purpose for an account, you are apt to save more, so give each one a name reflecting its goal. They could be "Bahama Trip 2011," "Johnny's education 2018," "Retirement 2030," "2010 Holidays," ---or whatever you've set for your savings goals. Search online for the best APYs (annual percentage yields) to get the most from your savings.... (click title for more info)
Bacon is so good but can be pricey. Next time you go to buy it, look in the meat area for packages of bacon pieces. They're usually slices and thick "chunks" to cook with. We use them for breakfast or just general cooking in certain meals and they only cost about a $1 a pound!
I get paid by direct deposit and on payday I check my account online. Looking at the balance, I transfer any money left over from the previous payday into a savings account; even if it is only $20.00. You will be surprised at how fast this can add up. my savings account is actually a tax-free account where I can stash up to $5000 without paying taxes on it. Nice!
Create a new bank account, and automatically have a small portion of your normal checking account deposits redirected into this account. This is the NO TOUCH Fund, and money doesn't come out of it for any reason - not birthdays, not holidays, not shiny baubles. When you have enough in the fund to purchase an ASSET, then do it.
I set up a special savings account just to reward myself for exercising. For every 30 minutes that I exercise, I put $1 in the account. When I have enough money, I buy myself a treat I have been wanting.
You can usually find what you are looking for with a few visits. I have never paid more than $5 on a piece of clothing that was name brand or $10 on something for the house. Summer is a great time to yard sale too!
I set up 3 accounts on Quicken. One for savings & investments. One for mortgage, credit cards, loans, etc. And one for checking accounts I use to pay bills, etc. It is motivating to see the Debt decrease and the Savings grow every month. It is also a reality check to track how much you owe or save.