Money Saving Tips
To Increase Your Future Savings
Below you'll find some good Money Saving Tips to get your savings account turned around. And if you haven't opened an online savings account yet, you'll be motivated to soon! After you've read through the various ways to save money on this page and the other money saving tips pages you'll be prepared to start growing your nest egg at a higher rate than you may have thought possible.
Money Saving Tips - Be Financially Savvy
There are some great ways to save money before opening a savings account online. One of those ways is to be financially savvy by using money saving tips. This doesn't mean you need to be the king or queen of saving money, it just means you could probably be a little wiser in the way you use and save money. Here are some money saving tips that will come in handy!
Use Automatic TransferIf your bank offers it which most do then set up an automatic transfer to your high interest online bank account. This way when you receive your check from work a portion will be taken out before you ever see it and it'll start earning a 4% or 5% interest right away. Just make sure you're comfortable with the amount you're transferring out. Many companies also give you the option of having your check separated and dispersed to two different accounts. Check with your human resources department, they should know whether you can set up transfers to two different bank accounts or not. This is a great reason to open a savings account online!Rebate ChecksI love rebate checks and you should too. I personally can't understand why more people don't use store rebates. There are many items you can get for free just by sending in a rebate form and the company will send you your money back, except for the interest you paid on the item of course.Simply put a store offers a name brand shampoo on sale at $10.00 that's usually $15.00. Then they offer a rebate for $10.00 or the store offers a $5.00 dollar rebate and the company offers you a $5.00 dollar mail in rebate. That means the shampoo is FREE. There are so many of those offers out there and all you need to do is look. So it takes 4 to 6 weeks to get your money back. When you do get the money back it's like a bonus and treat it like that. Sock that money away in your high yield savings account. Or save it up and open a savings account online as soon as you have enough money to do so! Find More Money Saving Tips Below! Credit Card Money Saving Tips
Use Credit Cards That GiveWith so many credit cards available now days, if you must get one then make sure it has some sort of reward program. Some offer cash back at the end of the year in the form of a check. That's money back into your pocket. Airline credit cards will give you miles and that will save you money on your next flight! Other credit cards will offer you rebates or send you gift cards to use at name brand stores like Best Buy or Amazon. Again you'll save future money buy using a credit card that gives you some sort of reward on the money you spend.And if possible ALWAYS, ALWAYS, ALWAYS pay your credit card off each month. You'll save hundreds and thousands of dollars by doing that. Just use the credit card for what you need and then pay it off. When you have a credit limit of $10,000 don't use it up and pay a monthly fee. That $10,000 isn't yours, you're just borrowing it at a VERY HIGH INTEREST RATE and then you must pay it back! And once you're in credit card debt it's hard to get out! So use it like cash, pay it off monthly and you still get rewards! That's a bonus/bonus deal that you shouldn't pass up. The only part is that you MUST not give into temptation and buy extra goodies! Use One Credit CardIf possible cancel all your credit cards except for one, the one with a great rewards program of course! It makes it easier to keep track of your money and to see where it's all been spent. Plus seeing a BIG CREDIT CARD BILL once a month will motivate you more to save than to see 5 different small to medium credit card bills. The point here is to get the big money in front of your face and then start cutting out the unnecessary purchases!Bills & Checks Money Saving Tips
Round Your Bills & ChecksThis is another tricky way to save a lot of dough! Say your phone bill is $57.25, pay it off and then add .75 cents to your online savings account. That way you're rounding up to $58.00 dollars. Also if your weekly check is say $743.00 then round it down to $700.00 and put the remaining $43 towards opening a savings account online or add it to your already opened money market savings account.Divide & Conquer Your BillsThis is a very important one. Take your yearly bills like home insurance and car insurance and divide it by 12 months. If you pay $1000 a year in car insurance that means you need to take $83 dollars a month out of your check or bank account and save it. This way when your yearly bill comes you'll have all the money already saved up and it won't hit you in the pocket book! Plus if you open a online savings account that money will be earning you a high interest rate until you need to use it!Thank you for visiting our Money Saving Tips page. Before opening your online savings accout find more savings tips and ideas by using the navigation buttons on the left!
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