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Tag Archives: saving money

Quitting Bad Habits to Save Money

What is a habit? According to Wikipedia, a habit is a routine of behavior that is repeated regularly and tends to occur subconsciously. They also add that old habits are hard to break, and new habits are hard to form because behavioral patterns are imprinted on our neural pathways. Before your eyes glaze over at the thought of neurology, let’s take a look to determine if we have any habits. If we do, are they causing problems? Quitting bad habits can be a sure way to save money, and it can also improve your quality of life. Good vs Bad Habits As an adult, we likely have habits that are so common that we don’t put much thought into them. If you get up an hour early to exercise every morning, or always put money into your savings account as soon as you get paid, those are great habits. If you can’t get through a day without cigarettes, a stop at the local bar, or buying a lottery ticket, it might be a good idea to examine those behaviors or potential “bad” habits to see if they are derailing your long term goals. Financial Impact of Bad Habits Some common ...

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Your Credit Cards Are Paid Off, Now How Do You Stay Out of Debt?

One of the fun parts of having a blog is being able to see the search terms that people use to find whatever it is they are looking for. Some of them are quite comical. My two recent favorites have been Wow, I paid off my cat and Do snakes smell like burnt rubber. Why on earth those landed here, I’ll never know, but I do know that by and large my biggest search term is related to paying off credit card debt. My most popular post is my story of paying off over $30,000 in credit card debt. Obviously, there are lots of folks out there who are struggling to pay off their credit cards. I think there are tons of resources to help you with that plan, but how do you stay out of debt once you have paid it off? Shhhh…. I have another secret confession. The amount of debt we paid off over the past two years is not cumulative. There were two other times in years past when we paid off our credit cards. Once, we paid off $8,000, and another time, it was $12,000. Early on, we knew credit card debt was not a ...

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Things I Refuse To Save Money On: Wasteful or Smart?

Since turning over a new financial leaf a couple of years ago, I am always looking for ways to save or earn money. However, there are some things that I just can’t bring myself to do even if it could put some more coin in my wallet. I’d like your opinion on whether I’m wasteful or smart. Let me know if I’m crazy to refuse to save money in these ways. . Waiting in Line For Gas In our town, the Kroger chain grocery store is always the cheapest place to buy gas. I shop there, so I usually have a discount on top of the pump price because of my customer points. That being said, there is always a line at the pump if you try to buy gas at the end of the work day. I try to go in the morning, but sometimes I can’t make it. I refuse to park my car behind someone pumping gas. I always choose the person has to go write a check at the window. Instead, I pay 3-5 cents more per gallon down the street, where there is never a line. Approximate cost per year: $10  Wasteful or Smart?  Property ...

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Finding Lost Cash in Your Family Budget

The following is a guest post. If you would like to submit a guest post, please contact me. Every family needs a budget and the word “budget” doesn’t mean you’re poor. Some of the most successful and wealthiest families in the world use a budget. It’s simply a tool helping you to manage your money properly. If you’re setting up the family budget, you should know some of the most common places to cut cash. You might have heard this before, “If you want to know the truth of a person’s heart, look at their checkbook.” This saying means, by looking at what a person or a family spends their money on, you can quickly figure out what’s important to them. Keep this saying in mind as you work through this quick plan to help you re-allocate cash into the most important categories in your life.

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How Much Time Would You Invest for $2.50?

I noticed an error in my bank statement last month. It wasn’t  gigantic, and it certainly wasn’t in my favor. It was actually pretty piddly, $2.50, for an ATM fee. I kind of hemmed and hawed about it, but ultimately I called to have it fixed. I felt sort of like a complainer, but it was an error that did cost me money, even though that amount isn’t going to make or break anything. It made me wonder when does being vigilant with your finances turn into obsessiveness?

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