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Tag Archives: save money

4 Things to Rent Instead of Buy to Save Money

In the past, many people believed you should buy a home instead of renting it. The idea back then was that renting a place to live was the same as throwing your money away. However, if you were to buy a home instead, you were investing in something to sell later and get your money back, which ultimately saves money. But, depending on your individual circumstances, it doesn’t always make sense for everyone to buy a home. Why Renting May Be a Better Move Let’s say you are only going to be living in a place for a short time, say six months to a year, because your job requires frequent moves. In that case, renting is likely the more desirable option for you and would actually save money in the long run. Let me explain. Purchasing a home requires a down payment, as well as inspection fees, closing costs, and realtor fees. In addition, if you don’t have enough money to buy the home outright, you may need a loan. To make it worth paying all those fees, you would need to stay in your home for at least a couple of years to avoid losing money on the ...

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5 Tools That Will Motivate You to Save More

5 Tools That Will Motivate You to Save More

Today we have a guest post for you from fellow blogger, Anum Yoon. Enjoy! There are tons of online tools and apps available to make all aspects of your life easier. With that the case, why is it still so hard to save money? It takes discipline to effectively save money, but let’s face it — not everyone is up for the challenge without a bit of prodding. Luckily, there are plenty of tools available that can help motivate you to save more money. Here are five. Level Money Level Money describes itself as a “financial GPS” app because it helps you navigate your financial situation, so you spend smartly. The app helps you plan ahead by accounting for regular essentials such as rent and other bills, as well as a goal for savings. It calls the money that’s left over your “spendable,” which is the cash you have on hand that you can spend comfortably without cutting into any of your essential piles. The app tracks and visualizes a variety of spending types to give you an idea where your money is going. If the bar on your “eating out” tracker is too big, you know it’s probably time ...

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Ways to Save Money in Every Room of the House

savings around the house

As the days get shorter and more time is spent indoors, it’s a great time to make sure your home is ready for winter. Even if you live in a temperate climate, it’s never a bad idea to go through the house and make sure everything is in place to create the best use of space, energy, and function. There are usually ways to save money in every room of the house. Kitchen The kitchen, in my opinion, is where monthly savings balances can be made or broken. Fortunately, there are tons of ways to lower spending on food and preparation. Take a pantry challenge Vow to skip the grocery for a week or at least avoid buying anything non-perishable. Challenge yourself and your family to come up with recipes to make use of what is already on hand. Cook enough food for leftovers On days when you cook, make enough to use for leftovers or lunches throughout the week. Avoid food waste Americans waste about 20 pounds of food per person in a month! Don’t contribute to that statistic. Eat food that is getting close to its expiration dates first. If you aren’t in the mood for what’s on ...

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Ways To Have More Money This Year

ways to have more money in 2015

A week off can really do wonders. Although I was only visiting family in Kentucky and not soaking up the sun in some tropical location, it was nice to have some time off. I had lots of time to think about this year and what I hope to accomplish. So as a reflection of my recent week away, I’d like to share how I believe we can call have more money this year. Stop Buying Into The Expected Mindset A big problem for many people is that they can’t escape the expectations of their friends, family, or even society in general. Most people in the United States live in some sort of debt that comes from living above their means. I can’t tell you how many people I saw last week who were lamenting about not having enough money but recently bought a new iPad, a new TV, a new car!! If you don’t have money, stop buying new things. Just because all your neighbors have one, doesn’t mean you need one too. I know this sounds like 5th grade mentality, but believe me, adults are just as bad as adolescents when it comes to instant gratification. Until you accomplish ...

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Saving Money on Self Storage

The following is a guest post. If you would like to submit a guest post, please contact me.  Maybe you’re tired of cold, harsh winters and you are ready to move to a warmer city such as Dallas, Texas. You may ask yourself, am I making the right decision? And if your new place is smaller than your previous home, you may question where to keep your belongings. There are options, and Uncle Bob’s self storage can provide a home for personal items as you settle into your new space. Moving is not cheap, and like most people, you probably need affordable self storage. Fortunately, a storage space doesn’t have to break the budget. Here are five tips for saving on a self storage unit.  1. Get at least three quotes. Some people don’t think of comparison shopping when choosing a self storage unit. However, rental units vary greatly in price. Spend a day and visit several facilities located close to your home. There are several factors to take into consideration, such as entrance hours, security features and the monthly rent. Ask to see an empty unit and decide whether the space is suitable for your belongings. Be observant. What is the condition ...

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