10 Money Tips for Saving MoneySeptember 22nd, 2014
1. Create a budget and track where your money goes. Click here for Budget books at Curtis.
2. Don’t use a credit card unless you know you’ll have the money to pay the bill in full when it arrives.
3. Skip unhealthy snacks and save money while losing weight (If you could save $1.00 per day on snack food, that would be a saving of $30.00 by the end of one month and $360.00 at the end of one year!)
4. Your credit past is your credit future! Be aware that you can order a FREE credit report once yearly. To order, go to www.annualcreditreport.com.
5. Shop Responsibly!
Write a list before you go shopping, stick to it and use your food budget wisely (For the price of a large bag of chips and a box of cookies, you can buy a lot of apples, bananas, carrots, potatoes, peppers, and other healthier foods).
Save money by using coupons (Follow these guidelines for using coupons from choosemyplate.gov).
6. Spend your money on needs instead of wants.
A NEED is something you CANNOT do without (such as food and shelter).
A WANT is something you DO NOT HAVE to HAVE (such as a new iPhone).
7. Save your loose change – Putting aside fifty cents a day over the course of a year will allow you to save nearly 40% of a $500 emergency fund, according to AmericaSaves.org.
8. Drink water instead of Big Gulps
Soft drinks decrease your savings while increasing your waist line.
Two 20 oz. soft drinks at ￼$1.10 each for 5 days = $572 a year.
9. Get rid of your car.
While minimizing car use can save cash, Andy Hough of Andy Hough, author of the TightFistedMiser.com blog suggests cutting out car use altogether.
Hough says public transportation, biking, and walking can work just as well.
10. Instead of paying for DVD rentals, music CDs, new books, computers, entertainment for your children and Internet at home — use the Curtis Library instead.
If saving money is wrong, I don’t want to be right!