Learning how to save money should being at an early age, that’s why I learned later in life the hard way that you should never take expert advice lightly on just how to do so. In my early years I wasn’t quite as good with saving as I should have been. So today it’s very important that I teach my own children while they’re young the expert advice that I’m practicing today on how to save money for a healthy financial future.
Whether you’re working toward a financial goal that is rather large or small, you will be given some ideas to implement today after my sharing this same advice with you.
First I will begin with asking for lower rates. It’s really not as hard as it sounds but it is time consuming. However if you proceed with persistence, the time you spend calling debt collectors, insurance companies and utility services will be well worth it. Just by making a simple phone call to ask for lower rates, I saved myself hundreds. Lower rates are available, you just have to ask!
The change jar is a very handy thing to have, for more than just loose change you find while cleaning your couch cushions. Tuck it away in the bottom of a closet like I did so that it’s out of sight and out of mind. You won’t have the temptation to dig it out on a rainy day if you can’t see it.
Use the change jar once a year, every six months or how often you like to do something fun with your family or for yourself. All of that loose change I get from shopping or paying bills? Goes into the closet change jar. Before I knew it, I had over thirty dollars in change, just from a few weeks.
Buying in bulk with coupons is one of the best financial tips I’d ever receive. On toilet paper alone, I can get (with manufacturer coupons) twelve packages of toilet paper and two of them free as long as I follow the local department store ads for their sales. It really is the little bit of attention to detail that matters.
I buy produce that will last and I grow it myself. Buy growing produce I am saving myself hundreds of dollars in groceries. Who knew a few packs of seeds could have my family growing healthy and organic foods- while saving mom hundreds of dollars at the grocery store?
Just say no to sales! No, you don’t really need it because it’s on sale. Oh, if only I had learned this many years ago. There are ideal times to buy certain items, such as winter clothes because they are on clearance in the summer. However, if you don’t need it then you shouldn’t buy it. This is a mistake I see many young people make like I used to do. Hundreds of dollars gone, thousands even by the year on items just because the sale tag was whispering ‘buy me’.
Research it before you buy it is one of the best pieces of expert financial advice I’d ever received. Young adults now have the ability now more than ever to find a product online before they make the purchase and review it’s history. This is a great help in making your financial decisions.