You secretly spend over a million dollars on your car!
Everyone is always angling to save more money since we all know it matters a lot. One thing we often don’t think about is how expensive cars are. I know they cost a lot of money, but when you add everything up it’s incredible! Each car you buy is practically a downpayment on a house, and it ends up in the scrap heap before too long! Mix in most families having two cars and replacing them every 10 years and you get some big bills. Maybe when people talk about downsizing their homes they should really be talking about downsizing their cars first!
The 3 best tricks to make a little extra money today
If you ever look up how to make extra money there are a lot of options people will put in front of you. Like starting a website or doing online surveys. But, did you know the 3 most lucrative money-making opportunities are sitting right in front of you, and accessible to everyone? This infographic points out how with very little effort you can make a pile of money by selling your things, negotiating or cancelling some services you forgot about, or how you should get a salary survey to try to boost your income. Really these things are so easy we should all hop on them right now!
With all this recession and Covid talk going around there are some huge numbers being used and it desensitizes you to how much money that really is. This many millions of dollars being lost. That many billions being spent. Well, I found this infographic to be a fun way to put it all back into perspective. One million dollars isn’t really a huge amount of money for the government, and it can even fit in a briefcase like in the movies. If you put it in real items though it really adds up. This guy uses burritos!
Everyday folks can save big by making simple changes
Saving money is a big topic and everyone knows it’s important. The problem is there are hundreds of different ways to save. Couponing, growing your own vegetables, being cheap and the list goes on. The number of options out there can drive you a little crazy. Luckily, I found this infographic that lists out how much money you can save as an hourly rate! It really puts things in perspective and shows you where to focus your saving efforts. Who knew 3 hours could save me so much money!
As a general rule, people try to be pretty sensible with their money. In today’s economy, money isn’t the kind of thing that any of us can afford to throw around. Unless you’re in a very privileged position, your money is something that you’ll want to take good care of and not waste. That being said, there are always ways in which you might not be handling your money quite as well as you would like. Of course, this definitely applies to some places far more than others. With that in mind, here are some of the most common places where you might be spending more money that you want to be.
Your home is likely to be the most expensive thing that you own. Which makes it all the more important that you do your best to bring the cost of running your home down. Luckily, there are plenty of ways you can do just that. If something goes wrong with one of your appliances then contacting someone like Appliance Repair Whirlpool to get it fixed instead of replacing it is going to be a far cheaper option. Not only that but simple things like reducing your energy usage is a great way to bring your regular bills way down.
Most of us use many of the stellar, and fairly cheap, streaming services that are currently available like Netflix. These services are fantastic as they allow you to pick from a huge library of titles, both old and new. That makes it that much more ridiculous that so many people still pay for standard television. A lot of streaming services are available for specific TV channels to catch up on stuff you’ve missed anyway so there is no reason to bother with standard television anymore. Do you really want to shell out extra money just so you have to TV on a fixed schedule instead of whenever you want?
When trying to find the right car, it’s shocking how many people tend to ignore the mileage that they can get out of it. Of course, there are plenty of important factors when choosing a car, but you really don’t want to neglect the average miles-per-gallon. It might not seem like something especially important, but that cost will start to add up over time. If you’re not in a position to switch to a more economical car right now, consider carpooling to work. By doing that you can split transport costs down the middle, saving you a lot of money.
The reality is that spending money we don’t want is just an inevitable part of living in the modern world. The key is to make sure that you put as much effort into taking the best car possible of your finances so that you don’t wind up in trouble. Simple things like reducing your spending and giving yourself a safety net by putting money in a savings account can make a huge difference and let you get on with your life.
We all need to draw in the purse strings sometimes, to squirrel a little way and to cut back. Saving and spending are a part of life but it’s not easy to find ways to save money when almost every cent is accounted for.
Whether you’re saving for a home, with a little bit of advice from Altrua Financial, or just putting some money aside as a safety net, it can seem a long haul towards your financial goals.
We take a look at some money-saving hacks to help turn your cents into dollars and see your savings growing month by month a little faster than before.
Have a look at some online apps that are going to offer you the best savings on the high street, the online equivalent of collecting coupons and finding discounts. Groupon is one such app but there are hundreds more, all of which will tell you when your favorite outlets, including supermarkets, are having sales.
You can also use apps to compare your weekly grocery bill and find the supermarket that offers you the best value for money. Be prepared to shop around to get the best deals and don’t forget to load up that store loyalty card for extra points.
We’re full of good intentions about saving but how often do we get to the end of the month and find there’s nothing left? We’re guessing pretty often. The smart thing to do is set up an electronic transfer from your bank to your savings account as soon as payday rolls around, or any day that feels convenient and let the savings take care of themselves.
You can always sweep anything extra into your savings if you find you have some surplus at the end of the month.
Think small, save big
Gather up your pocket change and start putting it into a large jar. You’ll be surprised how quickly and how much can be generated by taking care of the loose change.
Hit up a money-converting machine and you’ll soon be pulling out bills. Being mindful of the small amounts will lead to extra cash for free.
It might sound strange but if you want to make a change from expensive cosmetics consider picking up the odd bargain in the baby aisle of your local supermarket. Cotton buds, soap and even moisturizer that’s kind to your skin will all be there and for much cheaper than your brand name equivalents.
Finally keep track of bargain sites and lifestyle bloggers offering tips, hacks and discount codes to help you find the inside scoop on making changes and finding savings.
Whatever you’re saving for and however much you need, there are little changes you can make to save money and increase your saving power. These changes don’t have to be life changing or even feel like your compromising on your lifestyle but they can be smart, affordable and achievable so shop around today for bargains and take control of your finances.