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Tag Archives: saving money

5 Things I’m Spending Too Much Money On And How I’m Going To Stop

ways to curb your spending

I’ve  noticed that our spending has crept up over the past few months, and I think I’m mostly to blame. The problem is that I can justify just about any purchase and make it seem like a necessity. That’s probably a big reason we got into so much debt a few years ago. We’re not in that situation by a long shot, but I’m not liking the trends. I’ve found that when I share my financial woes, I’m much more likely to turn negative into positive, so here are the things I’m spending too much money on and how I’m going to stop. 1) Groceries No, I won’t stop buying food, but our grocery spending has crept up since we paid off our debt. In a way, I’m OK with that because one reason to pay off debt is so you can actually buy a bag of cherries and not feel guilty about it. On the other hand, I do think I get fooled by the store’s advertising. I see things on sale and buy them, even if we don’t really need them at the time. The other day I went in for a few items and found myself buying ...

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Confessions of a Super Saver: I Wore a Pair of Disposable Contacts For Two Years

pink-eye

This is a post from Brent at Vosa.com. Enjoy! When I think about this story, I can’t hardly believe it. I can’t hardly believe that there was a time in my life where I wore the same pair of one month disposable contact lenses for more than two years. Yes, you read that right. I wore the same pair of disposable contacts for more than 24 times longer than I should have. The worst part is that I didn’t, and still don’t, have a really good excuse. I was a year or two into my first job out of college as an engineer designing medical devices. I made a reasonable wage for a second year engineer and I could definitely afford to buy new contacts. Apparently my priorities were more closely aligned with my savings and investing goals than the health of my eyes because I put off buying a supply of new contact lenses for two long years. You don’t need to be an optometrist to know that this is a terrible idea. I’m pretty sure I even knew it was a terrible idea at the time and I’m happy to report that my eyes survived my two years ...

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5 Tips to Supercharge Your Savings

choosing a savings account

Savings are a ‘one-day’ goal for many people, but they don’t have to be – even the most financially strapped person can create a small savings account just by doing some simple financial re-evaluating. Choosing the right bank account is important, and saving and investment options on the BOQ website are a great place to compare bank accounts and get the most out of your finances. Below are some other great tips to give your savings a boost. 1. Super Saving The best way to supercharge your savings – put your money in a high-interest savings account. It’s almost like you’re being paid to do banking! The added bonus with these accounts too is that more often than not, there are no hidden charges such as maintenance fees, so all your money stays your money. 2. Make a Plan Just like you put aside or set up direct debits for bills, make a plan to do the same for your savings. Don’t just put a few dollars away each week if you happen to have some left over money. It doesn’t have to be much, just a set amount to automatically come out of each pay and be deposited directly ...

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How to Start & Maintain your Savings In 7 Steps

How to Start & Maintain your Savings In 7 Steps

While the average person understands that saving money for later is a great habit, many still fall short of their goals and expectations. The simple root of their failure is in a weak foundation and poor habits, and improving these two areas will certainly lead to successful savings. The following seven tips are designed to empower and enlighten those that seek the countless benefits of stashing cash for later. Step One: Start a Savings Account The easiest way to begin a successful lifetime of intelligent saving is to create a simple savings account. By having an account that is specifically for the purpose of saving money, the idea of saving will become a reality as opposed to an idea. Those that already own a savings account must make a committed decision to take that account as seriously as possible. Step Two: Create a Basic Saving Plan Creating a savings plan can be one of the easiest ways to achieve the goal of a healthy financial cushion. By creating a clear outline of the action required to succeed, failure and success will be easy to measure. Without a plan, it is extremely difficult to stay focused on clear goal or measure ...

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5 Tips for Saving Money in the New Year

saving money

  With the New Year right around the corner, now is a good time to start thinking about saving money. There are several things you can do right now to reduce your overall spending, and increase your savings. With a little bit of determination and organization you will be able to cut back on some spending and save a lot of money over time.  They more you are able to save now, the more financially stable you will become by the end of the year. Below is a look at the top five tips for saving money in the New Year. 1.    Set Budget If you do not already have a budget in place, it is crucial that you create a workable budget. This budget should detail all of your expenses, including housing, transportation, medical, food, clothing, and miscellaneous. You also want to track your spending to make sure that you are spending within your budget. 2.    Add Raise to Savings If you were fortunate enough to have received a raise this year, why not put it into your savings account instead of spending it? This will not provide you with any less money than you had this year, so ...

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