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Money Saving Cash

Thursday, July 30, 2009 20:02
Placed inside Saving Cash
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We all need to learn to spend less than we make, and to save as you never know when unexpected situations will arise that we will need savings to help us get through. Not to mention we all need to plan for the future and invest or put monies away so we can achieve our financial and personal goals.
Below you will see some practical money saving tips that will hopefully help you as you look to save and put money away for you and your families future. Also if you have any good money saving ideas please feel free to comment and I will include them as we could all benefit from new money saving ideas.

1. Buy your needed computer or IPhone refurbished either online through E Bay or through a computer repair retailer which is much less costly than buying your computer new.

2. Don’t charge anything on credit cards that you can not pay off in full at end of each month, as otherwise the high interest charged by the credit card companies will eat away at you monthly budget and eventually be totally out of control.

3. If you have telephone service, and internet service, and cable : then look into combining the services with one company to save money and for the ease of only having one bill.

4. If you buy magazines on a regular basis, look into getting the magazines you feel you must read through subscriptions as the monthly and overall cost is much less. A good source for magazine subscriptions is Amazon.com.

5. Talk to you credit card companies regarding reducing your rates, as at times credit card companies and even mortgage companies will reduce rates rather than risk having you default on your credit cards.

6. Sometimes you can save thousands by transferring your credit card debt to a credit card company that offers 0% on credit card transfers, however be sure to look at the transfer fee that the companies you look into offer as the fee could easily wipe our the interest savings.

7. If you have an electric water heater, consider converting to a gas water heater as they are less costly to use and you will save money in the long run.

8. If you live in an area where you can choose your trash company, look into the rates offered by the competitive trash companies as you trash service provider will likely match the lower cost to keep form losing your business like mine did.

9. When you buy a product with a rebate send in the form the day you buy the item and mark your calender to not the date and the date you should expect the rebate in the mail.

10. If you are looking to buy a car, the internet is the best way to buy the car and save the most money. Find out what vehicle you wish to buy then E Mail all the dealers in your state and neighboring states as then you will truly find the best deal. I had a friend that bought a car in another state and even after paying to have the car transported still saved over a $1,000 versus buying from a local dealer.

11. Look at the possibility of refinancing your mortgage if you can reduce your interest rate by 1% or more. You might start by asking your current mortgage lender, and then look on internet and locally at other banks and lending institutions. Usually if your credit score and situation has improved from when you first got your mortgage you can get a better interest rate which will and can save you money.

12. Find a bank that offers free checking, as with so many banks offering free checking you should have no trouble finding one that meets your needs that does not charge monthly fees.You might also ask your current bank to eliminate your monthly fees or tell them you will move your account to another bank.

13. Look into credit cards that offer rewards that either pay out points or cash depending on your purchases. Many cards that offer rewards do not have any annual fees, my favorite is American Express Gold Card as they have great rewards and do not have any fees either.

14. If you are looking to learn new things and need to find a good book as a resource of knowledge, go to the library as you can check books out for free and simply put you can’t beat free. I do buy some books and if I do usually I buy them from Amazon.com as they offer a huge selection and are priced very compitetively.

15. If you like watching movies and DVD’s, check to see if your local library offers DVD’s to be checked out for free as many do, this will certainly save you money over going to Blockbuster or Netflix to rent your movies.

16. If you have a life insurance policy then look at paying it annually, rather than monthly as insurance companies charge you more to pay the premium monthly or quarterly. If you budget to pay the insurance annually rather than in installments you will certainly save money.

17. If you are one of the few that still have a home phone, consider getting rid of the service and rely on your cell phone for communication. Some keep a home phone for the 911 emergency services which is understandable, however if you do keep a phone for emergencies then be careful not to use it for other calling.

18. If you feel you still need a home phone, then consider VOIP internet phone service as the service is great and the cost is much less than a traditional home phone service. I personally had Verizon home phone service for years and now have phone service through Vonage and have been very happy with the service and savings as well. Phone Power and Vonage are both very good VOIP phone service providers and will save you a lot of money over traditional home phone service providers.

19. If you want to reduce your heating and cooling bills then you might consider shutting vents in unused rooms, as this will reduce your utility bills.

20. Many are making agreements with family, and extended families to limit gift giving and setting budgets on gift purchases to help reduce the huge financial cost and burden of holiday and birthday gift giving in these tight economic times.

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