Do you love saving money? Of course you do! We all do! I am sure that your mother taught you numerous very helpful and beneficial tips when it comes to saving money. Right now, you are about to learn ten more valuable money saving tips. Some of these possibly never even crossed your mind. After this article, you can expect to see your pockets expand!
1) Get Another Bank Account.
In these days in time, there are so many banks that offer lots of amazing perks and benefits when you open a checking account or savings account with them. Think of it as being rewarded for choosing their bank. That is such a nice and sincere gesture, isn’t it? Some offer a sign-up bonus, simply for opening an account with them and setting up direct deposit. There are also some banking companies that offer fantastic interest rates to new customers.
There was a time when checking accounts were always free. These days, free is rare. Most banks charge you all kinds of fees; for starting up an account with them, a monthly fee, an overdraft fee, and etc. It is ridiculous. Then you have those banks that should obviously be at the top of your list when picking a bank to open an account with. They offer free cash for signing up, thousands of fee-free ATM machines, and this list of perks goes on and on. Here are a few examples of some banks that should be at the top of your lift:
– Capital One 360
With thousands of fee-free ATMs and an amazing mobile platform, Capital One 360 is an incredible choice, when deciding where to open a checking or savings account. Their checking account offers over 38,000 fee free ATMs, a mobile app, no foreign transaction fees, no monthly account fee, free MasterCard debit card, mobile check deposits with CheckMateSM, no hidden fees or minimums, earn interest on your money, and the only fee you pay is a $25 payment stop on a check, if needed. You cannot go wrong with such a trusted financial brand.
The Capital One 360 savings account is just as incredible. It includes, fee free savings, no hidden fees, competitive daily rates, and free online and mobile banking. Also, it is safe to say that you can expect to see 24/7 live customer service, which means no more having to deal with that aggravating automated service! You can speak to a live customer care representative any time of the day. That is pretty much a deal breaker!
– Chase Total Checking
Chase Total Checking is a top choice for many people, mainly because of their exciting perks and benefits. When you set up a new Chase Total Checking account and set up direct deposit, you get a $200 bonus! Who doesn’t like a free $200? You’re going to want to know this great feature that comes with having an account with them. With Chase QuickDeposit, you can deposit checks almost anywhere, anytime! You simply take a picture of your check! Point, snap, deposit! How easy is that?
USAA is especially designed to be made easy and convient for you. Free deposit is one of the many great offers they have. USAA is only available to active duty military, personnel, veterans, their families, and other affiliates. They offer lots of free tools devoted to helping you budget and monitor your spending. There are no monthly fees, no minimum balance requirements, thousands of free ATMs nationwide, free direct deposit, and free transfer and bill payments. They also offer Web BillPay, which helps you to manage your bills easily online.
-Ally Interest Checking
When you open an Ally Interest Checking account, you have access to many great features, including Popmoney. Popmoney allows you to move money between different Ally accounts or transfer to non-Ally accounts. It acts as a micro payment solution, meaning that you can pay almost anyone, anywhere via email or text. How incredibly easy does that sound? There is no monthly maintenance fee, no minimum balance to open an account, no ATM fees from Ally nationwide, send money with Popmoney, deposit checks remotely with Ally eCheck Deposit, and 24/7 live customer support. You get to talk to live customer service representatives!
If you enjoy the idea of a top mobile banking strategy, then this is definitely the bank for you! Even though this is the only bank on my list that does not pay interest, it is safe to infer that its innovative features make up for that in full! They do charge a membership fee, but when you set up an account with GoBank, your membership fee is waived during any month that you attain a direct deposit of $500 or more. With that being said, do not forget to set up your direct deposit if you open a checking account with this bank. It can be very rewarding. GoBank provides mobile check deposits, online bill pay, and a large network of fee free ATMs. There are no overdraft fees or NFS charges. However, GoBank does charge a foreign transaction fee of 3%. For those of you out there who are worldwide travelers, this bank probably shouldn’t be at the top of your list. With the mobile app feature, when authorized, it allows you to view your balance from your phone, without having to log into the app. It displays it on a “balance bar”. The Fortune Teller feature allows you to set a very simple budget that includes due date reminders. There is no monthly fees, a mobile app is available, convenient mobile budgeting features, and free bill pay.
– Everbank Yield Pledge Checking
This is the go to place for high interest checking. Ever bank Yield Pledge Checking provides an APR of 0.95% on all balances, as a first year bonus. This is about 15 times the national average. With Everbank’s extremely innovated mobile app, you can deposit checks, pay bills, or check the balance of your account on the go. I find this feature extremely convenient! If you obtain a $5,000 account balance at any time, Everbank will reimburse you for all of your ATM fees. You know what that means? Extra money to put in your savings account! It does require a $1,500 minimum opening balance, but a $0 minimum balance to earn interest. So, it is kind of a win win. There is no debit card fee, no Everbank ATM fees, unlimited ATM reimbursements with minimum balance, free online and mobile banking, and free deposits from anywhere!
These are only a few of the many banking companies that offer great perks and benefits when you open an account with their bank. Doing some research can help you discover these great banks.
2) Clean Up And Sell
Do you have a closet full of old junk that you have accumulated over the years? Maybe you even have an entire guest room or storage building full of stuff you never even use anymore. Most of that stuff, you have probably completely forgotten about and have absolutely no use for. Why continue to let it set there, collecting dust, when you could be filling up your wallet? Selling your bulks of junk can be very rewarding. It not only gives you extra money, but it gives you more space. Nobody likes looking at a room that has junk piled up a mile high. What about you closet? Those clothes in the very back that you haven’t even given a second glance to could be making you money.
Go through your storage building or garage and pick out each thing individually. Ask yourself (do I really need this?). If not, put in a pile to be sold. When going through your closet, the best idea would be to toss anything that you haven’t worn in the past six months. If you haven’t worn it in this past six months, you are more than likely not going to wear it at all in the future six months.
There are all kinds of ways to make money selling your old junk. Because, one man’s junk is another man’s treasure. You may not see any use in it, while someone else might fall in love with it.
You can sell your unwanted items through eBay, Craigslist, Facebook, and yard sales. With eBay, you could potentially have to mail your item across the country, so you have to consider the shipping fee. With Craigslist and Facebook, you are selling to local buyers. And yard sales are always convenient! Yard sales are a great idea if you are trying to sell clothes, houseware, furniture, and things of that nature. Be sure to promote your yard sale!
3) Only Shop With A List
This is a very smart strategy! We all know how it is when we go into the store just to buy some toilet paper and suddenly walk out of the store with $100 worth of things that we do not need. It happens to the best of us.
When going to the store to buy certain items, it is best to make a list of everything that you need and stick to that list. Do not buy anything that is not on that list. This will help you when it comes to not buying unnecessary items and wasteful food. This could potentially save you a couple hundred dollars!
When it comes to creating your grocery list, try not to base your meals on just what comes to the top of your head. Get a grocery flyer from your local grocery store and search for deals. Base your meal plans off of the food that your grocery store has on sale. Do not forget to use coupons! Coupons will help you, also. Another great idea would be switching to generic brands. Name brands are not a must. When buying name brands, it could really benefit you in the long run.
Another great idea would be to compare grocery store prices. You may surprise yourself by learning that the grocery store just across town has cheaper prices and offers more sale. Therefore, you are potentially saving yourself hundreds of dollars in the long run.
4) Stop Smoking
Smoking cigarettes is a very common thing. Some people smoke one pack of cigarettes per day and some smoke two packs of cigarettes per day. Aside from it being a potentially deadly habit, it is an overly expensive habit. It is shaving years off of your life, while making your wallet thinner. Nobody enjoys a thin wallet. The average price for a pack of cigarettes in the US is $7.26. Last year, the average for a pack of
cigarettes was $7.03. That is a 3% increase, just in the past year.
If you smoke, it is probably in your best interest to put a stop to this habit. Stopping this habit will save years of your life, while also saving hundreds to thousands of dollars each year. If you can’t stop on your own, you might want to look into some anti smoking products that are available in most stores. You will not only thank yourself, but your friends and family will thank you! So, throw out that pack of cigarettes and start saving money and valuable years of your life.
5) Clean/Change Your Car’s Air Filter
You are probably wondering how in the world this can save you money. As a matter of fact, cleaning your vehicle’s air filter can improve your vehicle’s gas mileage by up to 7%. Which, in the long run, will save you more than $100 for every 10,000 miles driven in an average vehicle. Cleaning your vehicle’s air filter only takes a few minutes to do! All you have to do is follow the instructions in your vehicle’s manual. If your vehicle’s air filter is just so ragged out, it is very cheap to buy a new one. Most stores sell them for less than $10!
6) Buy Used
When we need a new night stand or more clothes, we tend to be so quick to to run to a nearby store and by it brand new. This is where we are making a mistake. If you need something and you can buy it used, buy it! You do not necessarily always have to buy something fresh out of the factory. If you buy it used, you can often get it for only a fraction of the cost!
Let’s say that you need a new dresser. If you had the option to buy one for $200 or $50, which would you choose? Most people are going to choose the cheaper price. You can find used items at thrift shops, consignment shops, used game stores. A huge plus is that sometimes, you can find things nearly brand new, maybe even with the tags still on it!
There is no shame in the game of buying used. Plenty of people do this. It saves them tons of money, and the items they find are like new and some are only slightly used. Craigslidt, eBay, and Facebook are great places to look for used items. If you need clothes or houseware, a yard sale would be a great place for you to try. You can find tons of household items for only a fracture of the price it was bought brand new.
7) Give A Gift For Free
Not everybody has tons of money to blow when holdiays or birthdays come around. You still want to get those certain people a gift, so why not give them a gift for free? You don’t always have to buy something to get someone a gift. You know that beautiful necklace that you never wear anymore? That could be a nice gift for your or sister. Or even better, make them some jewelry! Draw your best friend a birthday card, instead of buying that $5 card. Aside from saving money, it will be a much more meaningful gift.
The gift can even be the gift of labor. Offer to babysit your neighbor’s child, while they go out for a date night. Or, you could offer some lawn maintenance to your aunt, as birthday present. People always appreciate you offering to help them out with things, whether it be babysitting, lawn care, or dog watching. You could be helping someone out more than you know.
8) Holiday Shopping After Holidays
There are so many stores that offer sales of holiday items, right after the holidays. Instead of trying to fight through a crowd just days before Christmas to get Christmas decorations, you can just wait days after and get those same items on sale! This is one of the most common techniques that people use for Christmas. You can buy that $25 box of Christmas ornaments for $10 the day after Christmas, and have it for decorations for next year.
You can find tons of discounts on those Halloween decorations that you wanted, but couldn’t afford. Buy a mother’s day card the day after mother’s day, to give to your mom next year. You can find lots of wrapping paper, gift bags, bows, and card on sale, after Christmas time.
You can use this technique on more than just holiday items. Those cute summer clothes that you had your eyes on go on sale when fall starts rolling in. That warm and fuzzy jacket goes on sale when the temperatures start warming up. Sales are always a great idea!
9) Start A Garden
Not only is a vegetable garden beautiful, but it is also very tastey and healthy! Instead of spending all of that money, going to the grocery store to buy vegetables, just plant a vegetable garden!
You can rent or buy a tiller and plant some seeds. All it takes is a little bit of labor and having to keep the weeds pulled up. Many people use gardening as a hobby and even a way of income! With the vegetables you plant, you can sell the to your neighbor’s, or you could take them to your local farmer’s market to sell.
10) Check Out Your Community’s Calendar
Staying up to date on your community’s calendar is a good way to know what’s going on in your community. Many communities often have festivals and entertainment. You want to know the best part? It’s free!
Going to events hosted by your community can help you save money and keep you busy. Lots of times, they offer free meals and free gifts. It is a great way to meet new people and make new friends.
Next time you’re about to spend money that you don’t need to be spending, or if you just want to make a little bit of money, look back at these innovative money saving tips. You don’t always have to go big when spending money. There are plenty of simple and very helpful tips to always keep on mind. Bottom of Form
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