Order your checks through the mail instead of from your bank! Banks subcontract the printing out and hike the price up so they make a profit. Mail order companies, in comparison, specialize in printing and will usually print directly for the customer at much cheaper prices than you would have to pay through the bank.
Never withdraw a cash advance from your credit card. This option only rears its head when you are desperate for cash. There are always better ways to get it. Cash advances should be avoided because they incur a different, higher interest rate than regular charges to your card. Cash advance interest is often one of the highest rates your card offers.
In most cases, it is worth traveling a few extra miles to use an ATM machine that is in your bank?s network. Using a non-network ATM to get fast cash should be avoided as you may have to pay additional fees to both the ATM and your own bank. You can save more than a hundred dollars per year by using your bank?s ATM.
An area of personal finance that sometimes gets overlooked is insurance. If you were to lose your job or become ill, even a substantial savings account could be depleted pretty quickly. Many mortgages, loans and credit cards offer insurance that will pay your payments during such events. Disability insurance is another way to ensure a source of income if you were to get hurt. It is usually not as much as your regular salary, but combined with your savings, it can cushion the blow a bit.
Buy quality items that you can resell later. If you need a crib or stroller, for example, then save money by purchasing at an online resale site or from a similar discount retailer. Once you are done with the item, sell it and get some of your money back. This works best with popular items that have well-known brand names.
You have to consider the amount of belongings you have before you rent your new apartment. Storage units are fairly expensive so it might be cheaper to rent a larger apartment than to rent a separate storage unit. It is also convenient when all your belongings are with you and you can access them all the time.
A great tip for personal finances is to never buy anything with cash. It is very difficult to track cash and know penny for penny where your money is going. Rather you should use your bank card for everything, and write down in a journal or budget log every time you use it. Then analyze it at the end of the month and determine where you need to cut back.
Figure out your taxes ahead of time. You will avoid a lot of stress if you file your taxes as soon as you can and will probably get your return faster. Keep track of your earnings, deductible expenses and put some money aside to pay your taxes if you need to.
If you are trying to save money or need to tighten your budget, consider these tips to lower your monthly bills. Raise the deductible on your car insurance, downgrade your cell phone plan and cut out eating out. These three things may save you a couple of hundred dollars immediately.
A great way to keep on top of your personal finance, is to set up a direct debit to be taken out of your paycheck each month. This means you?ll save without having to make the effort of putting money aside and you will be used to a slightly lower monthly budget. You won?t face the difficult choice of whether to spend the money in your account or save it.
Do not overlook credit unions when you are looking for a place to open a checking or savings account. Credit unions usually offer higher interest rates and lower fees than commercial banks. However, the services offered and access to ATMs might be limited. Still, credit unions are a good alternative if you are looking for higher interest rates.
If you come across extra money, whether you got a bonus at work or won the lottery and you have debts, pay the debts first. It?s tempting to use that money to splurge on such things as, new gadgets, eating out or other luxuries, but you should avoid that temptation. You?ll do yourself more favors, if you use that money to pay your debts. If you have money left after you pay your debts, then you can splurge.
Don?t endanger your home and retirement. These are the two assets that people put up most often for collateral, despite the huge risks. Do so only as a last resort and with a clear repayment plan. Keep the mortgage loan to less than 80 percent of your home?s worth. Don?t touch the retirement, as it will come whether you are ready or not.
When making plans for the future, always think about inflation. The money you are putting aside now, might not be worth as much as you think in thirty years. Select a good retirement plan with high interest rates, in order to compensate for inflation and you will end up saving more money than what you will need.
Business and personal travel can mix well if you log your spending wisely. Take a small journal that will allow you to log any business-related expenses while away. Attach a small envelope inside the front cover of the book that will hold any receipts you will acquire as well.
Organizing your personal finances can be very rewarding, but it can also be a lot of work. Regardless if you know what to do and how to organize your finances smarter, you can have a better financial future. So, do yourself a favor by doing your research and applying the above tips to your personal finances.
Alfred Schatzberg produces e-books on Agen Bola
Source: http://freebookfor.com/2012/10/29/budgeting-and-other-personal-finance-management-techniques/
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