Lifestyle changes, bad money habits, save big bucks on clothes, stay out of debt and more.
SavingAdvice.com — Improving your lifestyle, or just becoming smarter about your habits, can save you big money. At least that’s what Jennifer thinks — and she’s right. She breaks this post into five sections. Two interest me the most (you may feel differently). One is “Shop Smarter” and the other is “Purge Your Email Accounts.”
Shopping smarter means avoiding impulsive spending and more. And scrubbing your email means unsubscribing to the various merchants that haunt your inbox. You don’t need these merchants sending three or four emails a day. It’s intrusive and, if you like spending money frivolously, almost irresistible.
Making Sense of Cents — Most people have at least one bad money habit. Unfortunately, they either don’t realize it or ignore it. Michelle hopes this post will help you “realize your problem” so you can move on and start saving more money. She reveals seven bad habits. The third one is: “Not facing your debt.”
Countless people simply ignore their credit card debt. It’s too painful or embarrassing so they don’t confront it. But eventually it becomes such a burden, that they’re crushed by it. As she says in the post, “The first step to paying off your debt is to face it.” Check out her other bad money habits.
Money Talks News — Krystal found a report by the Bureau of Labor Statistics that revealed “the average American family spent more than $1,700 on clothes in 2014.” That’s big money. So she came up with these very cool ways you can save on your new threads. One that I’ve never heard before is: “Fill your online shopping cart, then leave it.”
The idea is to wait a few days and make the retailer antsy. It’s a smart idea. The retailer wants that abandoned cart turned into a sale. So some will email you a coupon as an incentive. She says this has worked for her before, and she even received a coupon for “30 percent off my shopping cart items” once. Read her post and start saving.
Money After Graduation — This post is all about cutting expenses. But Bridget says cutting the biggest expenses helps you save more, rather than focusing on smaller expenses. If you can reduce your largest expenses, such as your rent or car payment, by 15 percent you could definitely increase your budget.
But it’s actually more complicated and interesting than that one shortcut. I’ll let you discover her other thoughts about “small expenses.” For additional help on increasing your budget and cutting expenses, check out these money management tips that Debt.com has created.
Life and a Budget — Once you’ve paid your dues and eliminated your debt, the next step is remaining debt-free for good. Latoya provides six steps that can help you reach this lofty goal. The first one is something we’ve discussed many times before: “Build a healthy emergency fund.” It’ll cover any unexpected expenses. Otherwise, you’ll end up charging them.
Another valuable step is: “Use credit responsibly.” Don’t discard your cards. Only use them when you can afford a purchase and pay off the balance each month. That means no impulse spending. This post on Charlie Sheen and his credit card debt may discourage you from abusing your credit cards.