The US Money Reserve is famous for a few things. One of them, in particular, is helping people get their finances back on track. Part of today’s content is discussing some of these tips.
“We believe you don’t have to be a brain surgeon to get your finances in order. Even the simplest of choices can put a few extra bucks back in your pocket.”
1) Have you ever thought about limiting the times you go out to eat? Some people might find this difficult. It’s not difficult for those who are already on a fixed income. Consider reducing your days of eating out and learn to cook more at home. It will not only be healthier, but it’s going to save you lots of money.
2) Another thing we try to tell clients is to turn off the t.v. Some people don’t understand this principle, but there is something to it. The less you have on the t.v., then the more money you save. This means the less junk you will be watching, too. This will cut your bill by at least 20%, depending on your bill.
3) This tip is for the collectors out there. Some of what you collect is not really worth anything. Did you know that? It’s advisable to start selling some of the stuff you don’t really want. It’s amazing what some things will sell for. You can put that money back into your bank account. You can also use it to start an emergency fund. There was a time when collecting was the big thing. It’s not as big as it used to be. We suggest to our clients to hold on to the valuable items and ditch the rest.
4) It’s time to master the 30-day rule. We advise our clients on this all the time. This cuts down on the impulsive shopping and instant gratification. Give it 30 days. If you still want it after that, then it’s not going to be an impulse buy. How many of you have items in your possession that are from impulse buying? It’s time to get rid of the items and start saving money.
5) Create a shopping list and stick with it. This will reduce the impulse buying and the unplanned, costly purchases. A list will also reduce the amount of money and food you waste.
For more information on these financial tips and others, please find us on our web page.