Save Money on Money!
Hence, because of this comfortable shopping, they forget to keep track of their expenses
and accumulate more payables than what they can afford to pay.
3. Set goals
Create goals that you really want and not be fickle-minded about it. If there’s a certain
amount involved, be specific with the amount, like saying “I will save $5,000 in a year and
not around $5,000.”
Try to set your goals based on your priorities. Have a period for every goal.
4. Check your company’s retirement plan
With your employer plan such as the 401(k) or the 403(b), you can definitely save more
money for the future. Here, your company will deduct a percentage of your salary from
each paycheck and invest the amount in your choice of instruments—mainly mutual funds.
The bottom line is that saving is not just a way of life or a resolution. It’s the ultimate
gratification that you get as a fruit of your labor.
Credit Card Savings
Having a credit card is very convenient since carrying a lot of
cash becomes unneccesary and you might even have a hard
time leaving your credit card at home. But with its advantages
comes also its disadvantages. Since you can always buy things
without carrying cash around, you are always tempted to buy
something that you come across. If you have excellent control
on your finances then good for you. If you have a hard time
managing your credit card, then these pointers can help you.
First thing's first, obtain your credit card records to have a
better idea of your spendings. Be sure to double check the
records for errors and ensure its accuracy. A good example would be to find out if you have
outstanding debts that should not be there as well as the accuracy of the listing of your
former and present address.
Evaluate your credit card
Go over your recent credit card records and look at the interest rates. Some credit card
companies have promos wherein they offer lower interest rates for a period of time and
this promo may already be over yet you have no idea and are already paying at a higher
interest rate. Also take note of the membership fee which they charge annually since some
have very high membership fees. Consider cancelling this if you are not using it
Pay on time
It is important to pay your bills on time since it can have a negative effect on your credit
record or rating. You will also be able to avoid getting charged because of not paying on