August 30, 2020 - mediadealer - Growing Money - 499 views
Tracking your personal spending can be a complex, time-consuming task. By learning how to deal with your finances now, you will be able to stay out of a lot of trouble later on in your life. With new ways to do business such as through internet banking it can make the process much easier, but still pay close attention to where all your money is being spent.
Don’t spend any money on get rich quick schemes. This is something that Internet marketers often fall victim to. Certainly learn, but spend more time actually doing than spending, and your profits will grow.
Writing down the amount you spend each day can be helpful in understanding where you spend your money. If you are writing things down in a journal and you slack off it will never work for you. Instead, try setting a full-size whiteboard in your bedroom or office to list your expenditures. You will see it often throughout the day so the message stays fresh.
Most products come with some kind of factory warranty. Sometimes it is only 90 days, other times it is up to year, and most problems creep up within the manufacturer’s warranty. An extended warranty is just a way to make more money.
If collection agencies are constantly contacting you about your unpaid debts, it is important for you to know that debts eventually expire if they remain unpaid for a specified period of time. Consult a credit expert about the statute of limitations on your debt. Avoid paying on old debts.
Having a garage sale is a great way to make some spending money and also rid the house of clutter. You could also consider selling some of your neighbors items for them and charge a nominal fee for your services. Garage sales offer limitless opportunities for creativity.
Switch out your old incandescent bulbs in favor of new, energy-efficient bulbs. If you replace your bulbs, you can lower your electricity costs and benefit the environment. As an added bonus, your CFL bulbs will last longer than the average incandescent bulb. You will end up purchasing fewer bulbs and therefore saving money.
Having less meals from fast food places and other restaurants can save one money to help their personal finances. Fast food menus may seem cheap, but they really are not. Cooking at home with better quality ingredients produces better meals than you get at a fast food or carry out place, and also saves you a lot of money. You will also come to appreciate the art of cooking.
Savings should be the first thing you take from each check. It’s too easy to spend now, and forget to save later. With the money actually being stored away safe and secure, you have a much lower chance of spending the money on something trivial or impulse-driven.
Most banks offer online alert services as a part of your checking or savings account. If something happens in your account you will be notified in an email or through a text. Having a large withdrawal or low balance alert will protect you from fraud and overdraft.
If you are below 21 years of age and looking for a credit card, know that there have been rule changes in recent years. Traditionally, credit cards were provided for students who are college aged for free. Today you need to have someone co-sign on your account unless you have a verified income. Research the requirements for a specific card before applying.
Use the flexible spending account you have to your advantage. You will save money with your flexible spending account if something were to happen where you incurred additional bills. With such an account, you can deposit money directly, before it gets taxed. There are rules to set one up; a tax professional can help.
Knowing the true value of possessions is imperative to prevent a person from discarding an item or selling it far below what it’s worth. You can definitely make money from apparently worthless stuff. That old coffee table turns out to be a vintage antique, for instance, or that baseball card collection has a Mickey Mantle rookie card tucked inside.
One easy way to earn a little extra money is to make use of an old, unused computer or laptop. You can sell a broken one, but if it’s working it will be worth more. Even an un-repairable laptop is likely worth enough money to fill up a car’s gas tank if one finds the right place to sell it.
You may want to get overdraft protection with your bank if you are frequently struggling financially. This minimal fee can save you a lot of money on overdraft fees in the long run.
Having a watchful eye over your money will help you avoid any financial difficulties that may arise, such as overdraft fees and debt. You’ll be able to feel great about where you are financially if you know exactly where you stand instead of letting a bank do it.
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