12 Money Saving Hacks You Need To Know

 

“You must gain control over your money or the lack of it will forever control you.” --Dave Ramsey

 

We all work hard for our money and a lot of times it seems like all our money is going towards bills. Using money saving hacks can really add up long term. Making smart decisions with managing your money now will lead to a greater abundance of money in the future.

 

These 12 money saving hacks you need to know can really make a difference in your bank account balance!

  1. Keep receipts for big ticket purchases and take lots of photos of your home for insurance purposes.
  2. Always check your pay stubs for errors.
  3. Always check your bank account statements for accuracy. This budget planner is a great way to stay organized.
    Clever Fox Budget Planner amazon
  4. When renting a car or home, take lots of pictures before you drive off or move in. This will protect you from being charged for any damage you are not responsible for.
  5. Keep credit and debit card phone numbers easily accessible. If your wallet gets lost or stolen you will be able to cancel your cards asap.
  6. When negotiating to buy a car, always look at the final out the door cost. Dealers sometimes like to skew the numbers with additional fees. Your monthly payment may be in your desired budget, but the length of the loan may be extended way past 3-5 years.
  7. Always get several car insurance quotes. Use them to negotiate with your current insurance provider. Most will match or at least compromise to keep you as a customer.
  8. Don’t overly stress about your medical bills. You can always make payments. Medical bills won’t negatively affect your credit. You can even negotiate $10.00 a month payments with the collector. Many times medical bills can be negotiated down to 1/3 – ½ of the total balance if you pay if off quicker.
  9. Compare your prescription medication cost at different pharmacies especially if you are paying out of pocket. Surprisingly, prices can differ significantly.
  10. Buy the generic or store brand versus the brand name. Most food, household and even prescription items are almost identical to their brand name counterparts. Check labels to compare. The price difference can be quite significant.
  11. Invest in your 401K plan. The money is taken out of your paycheck before taxes. Starting this early in your career with compound interest can easily make you a millionaire by the time you retire. It’s never too late to start investing in your 401K though.
  12. Only use credit cards that offer special incentives. Some credit cards offer money back, frequent flyer miles, or discounts as examples.

The more you learn, the more you earn. --Warren Buffett

 
 

Affirmations
Money comes to me in expected and unexpected ways
I manage my money well
I make wise financial decisions
My actions create prosperity

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