Friday, February 24, 2017, AM | 1 Comment
Trying to save money is nothing new, but there are a lot of ways you may not have ever considered.
Whether you’re recently unemployed or are deliberately making an effort to be economically savvy, below are three tips on how you can get strong financial footing.
Budgeting and Banking
Make sure your bank is giving back to you. Look for perks such as no ATM fees, saving accounts with high interest rates without overdraft fees.
You should also take a look at smaller banks that offer better interest rates and extra perks.
If your current bank doesn’t offer these perks, it may be worthwhile asking. It’s important that you budget in a regular contribution to your savings accounts, so that they are continually growing instead of continually being depleted.
By working out a budget, you will be able to be more in control of your money and finances.
The Buck Stops Here
Walking around with a wallet full of cash may feel great, but it won’t help you in the savings department.
Take strides to pay will small bills, so you are saving your bigger bucks. You’ll be surprised how quickly your piggy bank will fill up.
In addition, make use of your spare change. Although you may think it’s better to save it for a rainy day, you’re far better served using it instead of breaking a fifty.
Make Your Budget Last
The hardest part about budgeting is the fact that unexpected expenses always pop up.
It’s important to have an emergency fund for things like house repairs, unexpected health problems, and car repairs.
All of these expenses can add up quickly, and if you don’t have some money tucked away it can easily become overwhelming.
When you are making these repairs, make sure you are doing your research and making smart decision with your money.
For example, if your car breaks down consider taking it to a repair shop like Chehalis Collision Center, instead of buying a newer car which would be much more expensive.
By tucking away cash for an emergency fund, and spending your current cash wisely, you will be better able to stick to your budget and make smart decisions with your money in the present and future.
Saving money doesn’t have to seem like a chore. Whether you want to live like a millionaire or stop spending your paycheck before you even get it, there are a lot of easy ways to stash a little cash. It just takes a little imagination.Facebook.com/doable.finance