Category: Money Saving Tips

Happy New Year

It’s that time of year again….we make a ton of resolutions and shortly thereafter become overwhelmed and nothing gets done ūüėČ Not really, the key is always to take babby steps! Set up a few realistic goals that you can control and then set that plan in motion.

Here’s something that may help you on that path-particularly¬†if one of your goals is to clean up or¬†improve¬†your credit score. A friend of mine had recently signed up for a FREE service called Credit Karma.¬† Read more »

Do Prepaid Debit Cards Work Well?

I recently had a reader ask me about the pros and cons of using a prepaid card. He had experienced some credit problems but found that to operate with any efficiency in today’s economy-some sort of debit card came in very handy.

As fate would have it I was planning a Thanksgiving journey from Denver to Annapolis, Md; what better opportunity to check out a prepaid card in the real world! Read more »

The Dirtiest Four Letter Word

Yeah…it’s the “D” word, you know, Discipline. It’s a beautiful day in Denver, Colorado and on my way to Starbucks I drove by Washington Park. I love Wash Park because it’s a piece of heaven in an asphalt jungle. Huge trees, great flowers, manicured grass and some of the best looking and fit men and women to be found in Denver! As I’m driving by I can’t help but notice that 98% of the men and women out running are mean and lean-where are all the Chubbies? I know Denver has them, cause I’ve seen them come into my office, Starbucks, in the morning and order the largest drinks with extra Carmel and whip cream! What I like about all the joggers in Wash Park is the fact that their work out is free and you can see and feel the comradery of the folks-they are all sharing the pain!

As I drive by Wash Park I feel so damn good-almost like I’m getting a great work out by osmosis; then I pinch myself and go to my gym for swimming. Same thing, most of the folks I see there are pretty fit-maybe the fat folks work out at different times?

It reminded me of an earlier blog post I wrote about Weight loss and Saving Money and Motivational Tips to Exercise-Save.  I think there may be a correlation between the two and it starts with that discipline thing! Specifically, think of all the people that have been in your life, starting in college, who were always dead broke! Fast forward-they now work with you and are in the lunch room complaining about being broke.

Here is my take away for those who truly want to break this cycle:

  • Read Personal Finance Blogs for tips and or motivation
  • Join an investment club at work or outside of work
  • Start with any investment plan that may be offered at your work
  • Open an online investment account
  • Make a budget
  • Put together a game plan to pay off your credit card debt-I know you have some ūüėČ
  • Make a list before you go grocery shopping and stick to it
  • Never go grocery shopping when you’re starving- that’s why your butt is BIG and you’re broke!
  • Use coupons-there is absolutely no shame-it makes you look brilliant
  • Meet new people who share your new found passion for saving and being fit
  • Quit buying junk-email me if you need a clarification of junk
  • Quit thinking about yourself all the time-go volunteer at Children’s Hospital or one of my favorite charities, Ronald McDonald House Charities.
  • Start going to your Washington Park!

For all of my Personal Finance Blog buddies please comment and tell me what I’ve forgotten-except you Crystal. When Crystal tries to leave a comment, it gets “eaten”. Anyone else having this issue? What is causing this??

Last thing to all of you obese folks…you don’t look good! You are not going to live long and prosper. Ditto for all of those of you who choose to be broke!

 

10 Painless Tricks to Save Money

Allan Roth has a good article called Save Money Every Day: 10 Painless Tricks. His motto is “Never Pay Retail.” You have to love that!

Here are his tips that are good to remember:

1. Say Goodbye and Hello to Cable

This is tried and true-call good old Comcast and tell them, give me your best deal now or I’m leaving. Most of the time they bring out the good stuff and you save money.

2. Pick the Right Credit Card

He uses Fidelity American express. You can also check out Bankrate.com for the best deals.

3. Play the “Travel Game”

He likes Priceline and Hotwire. He then goes to the travel boards of biddingfortravel.com and betterbidding.com He has been able to find great deals!

4. Coupons are Cool

Clipping coupons still works but it’s easier to Google something like Domino’s¬†coupon¬†code, and in 15 seconds later, he’s got a discount code. How painless can you get?

5. Keep the Car

Keep the old beater clean and get regular maintenance for extra years.

6. Shop Online

It’s very hard to beat online-look at the¬†behemoth¬†Amazon has turned out to be!

7. Buy Knockoffs

Not the fake Rolex! He gives the example of going on EBay and find a HP compatible cartridge for as little as a quarter of the price!

8. Car Insurance Checkup

Meeting with an independent insurance agent can save you a ton of money and takes very little time!

9. Complain Well

My starter wife did this well ūüėČ When you do call in to that 800 number be sure to the name and employee number of the person you are speaking with. No company wants to read about poor customer service on Yelp…

10. Keep Cash Working Hard

Check out Ally bank, ING and other online services to get some great rates.

Read the full article here.

Dansette