If you want to be smart about your money, you need to start financial habits that will allow you to make the most of your money. Whether it’s using automatic savings account deposits or getting paid to shop, you need to start these financial habits now.
Using Automatic Savings Account Deposits
One of the best things you can do for yourself is to set up automatic deposits for your savings account. This can be done through your employer by having part of your paycheck automatically deposited to your account. You can also choose to have your savings account automatically pull money from your checking account. Either way, if you move the money before you really see it, you’ll have an easier time building your savings account. It also becomes like any other bill that is automatically withdrawn from your account. This makes it easy peasy.
Shopping with Coupons
Does clipping, sorting, and matching coupons to sales take time? Yes. Can you save money? YES! If you take the time to match coupons to sales and other promotions, you can end up getting free products. This is an easy way to save on shampoo, body wash, toothpaste, and cleaners. It’s more than just junk food. You don’t have to be an extreme couponers. Just take the time to clip the coupons for the products you buy.
You always need to pay yourself. When you spend every dime on bills and savings, you will quickly resent all the hard work you’re doing to pay off your bills and save for the future. Even if you’re just paying yourself 5% of your paycheck, it can make a huge difference. Play money is so, so important.
Snowballing Your Debt Payments
Does it feel as though you’re not making a dent in your debt? Instead of trying to pay a larger amount on each bill, work to put all your extra money towards the smallest debt until it’s paid off. Then put all your money towards the next smallest debt. Continue this until you’ve paid off all your debt.
My Favorite of the Financial Habits to Start Now
Getting Paid to Shop
Last, but not least, there are so many programs to use that will pay you to shop. Some of the best programs are Ebates and ibotta. With Ebates, you can shop online and get paid a percentage of the total spent. You’ll then receive a paycheck in the mail each money that you have a balance. With ibotta, you get paid to buy things you’re already buying, such as milk, bread, eggs, cereal, etc. All you need to do is load the offers to your account, buy the items, and then verify the purchases. Once you hit $20 in rebates, you can cash out.
Finances do not have to be difficult. There are so many ways you can start making the most of your money. So don’t wait to later START NOW!
Do you have any other tips you would include?
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