Make groceries last longer, ask mom and dad for money, build good credit, save extra money and more.
Money Talks News — Grocery prices have skyrocketed. I can’t believe how much fresh produce, eggs and meat costs now. It’s ridiculous. But you can save money, and extend your groceries shelf life, by using Allison’s tips. The fourth tip is definitely useful: “Puncture plastic storage bags.” The grocery store plastic bags collect moisture, which makes produce rot quicker.
There are some other great ideas for produce, such as storing onions in panty hose, using paper bags for storing mushrooms and placing tomatoes upside down so air doesn’t seep through the top where the stem was broken off.
L Bee and The Money Tree — Borrowing money from family members and friends is a sensitive subject. But it happens more often than not. As a matter of fact, Lauren found a survey that revealed nearly 60 percent of parents provide financial assistance to their adult children.
She believes there’s nothing wrong with borrowing money from your parents — but you should use some common sense. She offers some valuable tips that you can use if you’re thinking about broaching the subject. One tip is: “Paying it back.” That’s right. Unless the money is a “gift” you should most certainly pay back your parents. Here’s a post for parents who want to know how much they owe their children.
Money After Graduation — Bridget started monitoring her credit report during college. She tracked her student loan payments and looked out for signs of identity theft — she was a victim once, and that made her paranoid about her financial situation. And she was always a big believer that “bad credit means you can be denied credit when you need it.”
You can avoid being denied credit by using her five easy steps. The third step is something many people don’t think about. It’s: “Keep your credit utilization low.” That means, you should never have a “balance greater than 1/3 of your credit limit.” Simply put, don’t max out your credit cards.
The Financial Diet — It’s not the number of sales you made or people you managed. It’s your credit score. Surprise. Employers look at your credit score for a few reasons. One is, a low score could reflect financial recklessness. As a result, you may show the same reckless behavior on the job, which is a red flag.
If you’re worried about your score, the first thing you should do is order your credit report. You can then check for any mistakes or problems, which may impact your score and your employment status. If you do find any, take this blogger’s advice and get them “taken care of ASAP.”
Debt Roundup — Grayson discovered a cool infographic that provides money-saving tips. He took it a step further and broke those tips into different sections, such as banking tips, shopping tips and more. Under shopping tips he says: “Make a list and stick to it.” People who follow their lists don’t spend extra money on unnecessary items. You can also buy generic brands.
Under “Lifestyle Savings” he advises cutting out expenses you don’t need, such as cable. He uses Netflix and Amazon Prime. He also says that if you go out, bring only cash. When you’ve spent your allotted amount, the night is finished.