Saving up for something fabulous?
Even the most diligent savers face a common problem among those trying to reach certain financial goals, such as saving for a vacation or Christmas gifts. They empty the coffer early.
Opening a savings account in another town makes it difficult to get at your money. I keep my direct-deposited kitty in a small institution located an hour’s drive away. Open exclusively during the week, my depository forces me to take time off from work if I want to make a withdrawal. Upon reaching my financial goal, I call and request my gleanings to be mailed to me, in order to prevent missing a day of work, and also to avoid a wire fee. If you’d like to give this method a try, make sure the institution of your choosing is not the same establishment where you keep your checking account. Transferring the funds would then be all too easy.
Things you can do to save money:
– Get rid of cable tv. Watch your favorite shows on the internet.
– Don’t buy that $4.00 coffee. Swiss Miss makes a caffeine-instilled cocoa that can replace your mocha for about 33 cents per cup. Pick it up at your grocery store and make it at work.
– Keep track of how much you spend on food. Cut your food budget by eating at home instead of at restaurants. Establish “Soup Night” in your household one night per week.
– Make it a policy that whenever you get something new, you will list the items you are replacing for sale online. For example, if you are buying a new bicycle, list the old bike on Craigslist.
– Freeze your credit cards in a block of ice in your freezer. You’ll think twice before using them.
– Borrow movies and books from your local library for free.
– When telemarketers call, hang up on them. No matter what they say, they are not in the business of saving you money.
– Decide how many articles of clothing you wish to purchase for the year, and only purchase that amount. For example, you might decide you will need two new pairs of jeans per year. List each item of clothing on a piece of paper in your wallet and check it off once you’ve bought that item.
– A programmable thermostat is a great way to cut energy costs. Also, turn off those lights when you leave the room.
– Pack your lunch for work, or to take along on road trips.
There are many other ways to save money. Do a web search for Ways to Save Money, and you’ll find hundreds of ideas. Make saving your goal and you’ll thank yourself later.