
1. Be organized: make lists so you don't suffer from buyer's remorse or impulse buys. Sticking to a list is the easist way to do this, or consider the 30 day rule.
2. Track your expenses: tracking expenses may give you the kick up the backside to curb your impulses when it comes to $5 lattes and your magazine subscriptions. You may be pleasantly surprised when you discover how much you could be saving.
3. Improve your credit card: call your company and ask them to lower the interest rate on your credit cards. Don't take no for an answer! Also in this category: try to pay more than the minimum balance each month. Every little bit adds up!
4. Pay with cash, only: with this mandate it's just a matter of time until you run out of cash, which means you'll have to stop shopping! What a concept! The up side to this: no interest rates, no late fees, and taking steps to financial piece of mind.
5. Set goals: make yourself more conscious of what you spend and make it a goal to save your hard earned cash for a rainy day - or something that you just gotta have.
2 comments:
Ouch, no starbucks?
I made some very specific goals this year to curb my Starbucks habit with a pre-set card limit, pay certain things only in cash, and really crack down on my budget. So far, so good. Though it is only January still. ;)
Post a Comment