There are a lot of reasons to tighten your finances up – Maybe you’re interested in that new iPhone coming out soon, maybe you’re looking at fixing your credit score in preparation of buying a house, or maybe you’ve just been spending too much money lately on Fortnite.
There are a lot of ways to get in better financial shape too – You can spend less money, you can make more money, and you can change some habits. The first thing to do is determine what’s really important in your life. If you can integrate some new routines with existing aspects of life you enjoy (for instance, going to movies or the occasional night out) it’s much easier to adjust.
You don’t need to completely overhaul your life to affect a change. Simply forming a few, more financially beneficial behaviors over time can make a huge difference in the long run. It’s not about sacrificing – It’s about living smart and appreciating what you have.
1) Grocery Shopping
Make a list and stick to it. Always go to the store AFTER you’ve eaten. When you’re hungry, scientific studies have shown you are more likely to overspend and buy more than necessary. Planning weekly meals ahead of time and going to the store to fulfill those specific ingredients will help keep you on track, and also keep you from spending on food that may spoil before you get a chance to eat it. Wasted food is the worst.
2) Credit Card Management
If you can, organize credit card expenditures in a way that will be most beneficial to you in the long run. Take advantage of low APR deals, and figure out what types of purchases will get you the most points. Only make credit charges (keep in mind which cards get you rewards you can use later) if you have to, and if you can pay off that amount before interest is an issue. Try to pay off your cards with the highest APR first, it will help the most in the long run. You can also explore balance transfer cards – they generally have a fee attached to transferring balances from older cards, but they’ll often also either offer a lower APR or a period (12-18 months usually) where there is no interest.
3) De-Clutter and Make Some Money
There are tons of ways to clear out space (no matter how big your home or garage is) and earn a little money – Craigslist, Letgo, Poshmark, and other sites and apps make it easy to list things you don’t want or use anymore and make a little money on the side. Something you may consider junk (like a foam finger from an old Giants game) may hold value to someone else. You may not want to part with some of your large or valuable items, but you shouldn’t underestimate the value of $5 here and $10 there.
4) Eating Out
Everyone knows it’s less expensive to make food and eat at home, you may be the type who enjoys going out to meals on occasion. One of the quickest and easiest changes when you go out to dinner – When you’re eating out, get water. It’s free, it’s good for you, it’s healthier than soda, and it will make you feel fuller.
5) Home Security
Everyone has stuff, and everyone wants to keep their stuff. A burglary or robbery can be devastating, so it’s important to take precautions. Lock your doors when you leave home, and protect yourself with a home security system. With a system like the iSmartAlarm Smart Home Security System and their collection of devices and smart home cameras, you get the quality protection you need with a one-time purchase, and no contracts or monthly fees. You hold the power and control of home security in your hands, and you can make sure your valuables, family, pets, and Playstation 4 stay safe.
Following some simple rules you set can create a much better situation for yourself and your family in the future.
Check out iSmartAlarm for a great option on DIY systems.