You can make your payments easier by setting up automatic payments. Even though you may not be able to pay off your credit card balance each month, at least making the minimum payment on time will establish a positive credit record. Having an automatic debit assures you won’t have late payments, and when you have extra money you can supplement the payment. Have a conversation with a family member or friend who is knowledgeable about finance for tips on managing your own finances. If one doesn’t have a friend or family member who can help, they must do their own research online or by purchasing a good book. If you buy protein in large quantities, you will reduce both your bills and number of grocery trips. If you use everything you purchase, buying in bulk can be much cheaper. You can save time by spending one day cooking enough meals with this meat that will last you all week. Online websites often have coupons available that cannot be found in traditional sources, such as newspapers and fliers. Use these methods for locating coupons to help you get into the habit of saving the most amount of money to put yourself in a better financial situation.
Most new products already come with a 90 day or one year warranty, and if your item is going to mess-up, it probably will within that time frame. You will not gain anything for accepting an extended warranty, however, the business offering it till. It is possible for your credit score to drop as you work on credit repair. This is normal and doesn’t mean that you’ve done something wrong. If you keep up on your credit report your score will go up!
Don’t fool yourself into thinking you are cutting costs by neglecting home or car maintenance. Doing maintenance is a way to safeguard yourself from serious problems in the future. The small expenses associated with maintaining your home or car are minimal when compared to what it will cost you to make any major repairs.
Buying used can save you a lot of cash. Cars for example, lose up to 20% of their purchase price, just by signing on the dotted line and driving off the lot in it. Let someone else pay for that depreciation by purchasing a car that is a couple of years old. You will still have a low mileage warrantied car, but without the hit to your equity. Math is fun! One of the wonders of life is the power of compound interest, and the earlier you learn this lesson, the better. Open a savings account. Deposit a portion of your weekly income into that account.