Discussing finances with a date, saving money, living rent free, bad money habits and more.
Blonde and Balanced — TK points out that a recent survey “showed four out of ten adults believe that knowing a person’s credit score would impact their interest in dating them.” She believes that number is too low. She makes a strong case.
For example, she says a person with a low credit score is probably “careless” with their finances. On the other hand, it could also mean they’ve suffered an unexpected financial setback. Regardless, discussing money is important if you’re serious with a person. And do it before you marry, or your marriage might fail.
Club Thrifty — Start using these tips and save extra money every month. Greg believes the first thing you should do is “start a written budget.” By using a budget, “you’ll become more aware of your spending habits.”
If you don’t like written budgets, try using a free online budgeting tool like PowerWallet. His third tactic is “save $4 a day.” Maybe you can skip your morning Dunkin Donuts or Starbucks. That’s at least a $2 savings. Check out his other ideas and let us know if you have additional tips.
Six Figures Under — Listen up (or more accurately, read up) impulse buyers. While Stephanie admits saving money is easy for her, she realizes other people have a rough time saving. So she came up with these five “quick tips.”
The first one is simple: “Use cash.” As Howard Dvorkin, chairman of Debt.com, believes, cash is king. When you leave your credit cards at home and just carry cash, you definitely won’t spend as much. Read her other tips and start saving.
Money Talks News — Donna provides multiple tips and valuable advice on how you can drastically reduce your rent. There is the obvious “get a roommate” suggestion. But she goes much deeper, and more daring than that.
By daring, I mean “workamping” or becoming a caretaker for an elderly person or couple. As far as a caretaker, you can probably live rent free simply because the alternative (living in a nursing home) is terribly expensive. You’ll actually help the person or couple save money. If you don’t know what “workamping” is, read her post. Then check out this post on rising rents.
The Savvy Scot — This blogger is living in London but his good advice is universal. His third bad habit is: “Not Funding Your Retirement Plan.” It looks like the British are also having problems funding their retirement plans.
He believes, like many experts, that you should “save at least 10% of your annual income.” If you’re not, he says boost your savings “by 1% each month until you finally reach it.” For additional retirement information read this post about how much you should save.