Tuesday, September 21, 2010

Another day, another dollar

Here are five good tips I found on thesimpledollar.com.  The one about TV is especially useful - between TV and internet forums, we waste a lot of time we could use making money!

1. Switch your bank accounts to a bank that respects you. You shouldn’t be spending your hard-earned money on maintenance fees – you also should be earning some serious interest on your checking and savings accounts. I use ING Direct as my primary bank – I earn roughly 3% on my checking account and 3.4% on my savings account and they’ve never dinged me with a fee. Here’s a guide on how to make that switch.
tv2. Turn off the television. One big way to save money is to watch less television. There are a lot of financial benefits to this: less exposure to guilt-inducing ads, more time to focus on other things in life, less electrical use, and so on. It’s great to unwind in the evening, but seek another hobby to do that.
3. Turn a critical eye to your “collections.” Most people collect something – what do you collect? Is it something that consistently brings you joy? Or is it something that you just do out of habit at this point? Does the collection itself have value? Could you perhaps “trim the fat” from this collection by getting rid of duplicates or getting rid of the items you no longer use? Also, could you perhaps cut down on your spending on that hobby? Focus on trimming the things you don’t feel strongly about – if you dig into things that bother you, you’re going to eventually relapse.
4. Sign up for every free customer rewards program you can. Even if you rarely shop at that place, having a rewards card for that place will eventually net you some coupons and discounts. Here’s the basic game plan for maximizing these programs: create a Gmail address just for these mailings, collect every card you can, and then check that account for extra coupons whenever you’re ready to shop.
5. Make your own gifts instead of buying stuff from the store. You can make food mixes, candles, bread, cookies, soap, and all kinds of other things at home quite easily and inexpensively. These make spectacular gifts for others because they involve your homemade touch, plus quite often they’re consumable, meaning they don’t wind up filling someone’s closet with junk. Even better – include a personal handwritten note with the gift. This will make it even more special than anything you could possibly buy down at the mall, plus it saves you money.

-credit to thesimpledollar.com

14 comments:

  1. good post, im well on my way to saving some dollars!

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  2. Lot of great info here, thanks for sharing man

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  3. If only people had the common sense to think of these things, haha.

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  4. This blog has quite the following!

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  5. this is gonna change at least a lil bit of my world.

    smoochies n' poopies! :*

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  6. wow, very useful tips, and i had no idea ING Direct was offering 3.4%

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  7. Great post!
    Supportin..check my blog!

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  8. great tips, i'm a little partial to credit unions do to their lower fees and local attitude, but otherwise sound advice all around

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  9. Great tips! Especially the one about gifts: I always prefer to make a gift, and prefer to receive gifts people made. In all honesty, if someone prefers to buy something, I tell them directly that they should give me the money instead. I will appreciate it just the same, and at least I will be able to purchase something I actually need/want.

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