Money certainly makes the world go round and the demise of not knowing where your money is going, can turn into a huge financial issue that needs to be addressed. Seems most of us are in the same boiling pot of being cash poor, using what we think are clever ways to find extra money and still the bills keep coming, food has to be bought, money is much in demand and gives you little respect.
At times we all have had our creative ideas of ways to stretch that last dollar. Come on you know what I am talking about, writing a check at a local store for over the dollar amount and hoping it doesn’t reach your bank by the next day. Then along comes technology, it certainly changed our money handling issues, making some things easier, yet we are forced to keep up, or get caught in the vicious cycle of debt, struggling with everyday money issues.
There are some reasonable techniques to help you along the way in finding the extra money you need until payday comes around again. Actually these are things you totally need to do in order to keep more money in your pocket. Sure you will not have money instantly (I don’t know how that is possible unless you hit up your rich uncle or steal from your mother! (Please don’t go these two routes, there are better options).
If you are looking for ways to find extra money, check out these 9 eye opening, legitimate and very do able routines for you to apply and make changes in your life.
1 Give up playing the lottery. Really, how much do you spend a week on hoping to hit the big? Have you even come close?
2 Give up bad habits, the cigarettes, the alcohol or any other nasty expensive habit. First of all they are not good for your health and second of all they are expensive habits. Stop for a few minutes and think about any other bad habits that you spend quite a bit of money on. Could you give them up for awhile?
3 Stop eating out! Fast food, and eating out has become a bad habit that most of us can do without. At least 25 percent of adult Americans eat some type of fast food on a daily basis. Sure it is fast and convenient, but the cost is skyrocketing and taking a big bite out of your money situation. Most fast food is fried which eventually gives way to bad diets and certainly more health issues.
4 Learn to spend time in your local grocery store where there is a huge variety of fresh foods, ready to prepare items and complete meals that you can have cooked and have on the dinner table in about 30 minutes. Studies have proven that home dinners lead to quality family time.
Again, avoiding the convenience foods, the drive thru’s and the fast food mega -jumbo portions, will most certainly keep more of your money in your pocket and will keep you healthier.
5 Learn to budget your money and for goodness sake keep your checkbook and checking account with your bank or credit union in good standings. Do you realize the money you are losing when you are hit with overdraft fees and returned item fees. It is totally outrageous. An article posted in the Boston Globe last year claims that the four largest commercial banks in Massachusetts alone, collected a combined $517 million in overdraft fees in the first three months of 2015.
And are you sitting down? An article in the Huffpost.com from 2013 claims that banks earned $32 billion dollars in overdraft fees. On top of that, for every day you are negative in your account they charge an additional fee.
Most people now just use a debit card or a credit card, do not receive paper statements anymore and therefore barely keep track of their true balance. So when an bank fee is added to your account, most of the time it goes unnoticed.
All I have to say is to this is watch your checking account, learn to balance and budget. Do not go into overdraft status, you will be keeping money in your pocket instead of turning it over to the financial industry
6 Look over your bills and pay your bills on time. It may be hard, but try giving up something to get a certain bill paid on time. Let me tell you why. My cable company use to charge a $3.00 late fee after so many days, then I noticed it went to $5.00 for being so many days past due. I recently opened my cable bill and was shocked to discover that they cleverly laid out the bill to say, “pay your bill by this date and the total will be this amount”. Then it goes on to say pay your bill even one day late and the fee is an additional $15.00. I know most people just look at their total and never give the whole bill a complete exam. But you should know what your bill says, when you are due and watch if the amounts change.
7 Stop using ATM’s that your bank is not associated with. I recently had a friend tell me that she was in a local gas station/convenience store and there was an ATM machine. Well with her running late for an appointment she just withdrew at that ATM and it cost her $4.50 to take out $30.00. The sad part was that her bank was three blocks away, but she was in a hurry, it was a convenience, and yes it cost her. What if she did that on a weekly basis? Does this happen to you?
8 Avoid paying our bills through a wire service. I have seen the prices that these same day services charge to pay a bill, anywhere from $2.00 for a utility bill up to $9.95 for a car payment or mortgage payment. Really?
Seems individuals who are always in need of extra money keep shelling out $9.95 to pay a bill each and every month. I would rather send a check or a .59 cent money order through snail mail then giving up $9.95 to pay a bill.
9 Learn to eliminate the usage of credit cards out of your life. They are too readily accessible, it is money you don’t have, and the fees and interest rates have gone uncontrollably wrong. Find a way to use debit cards and cash, you will know what you can spend and what you don’t have.
Discovering ways to find extra money is not hard. there are a lot of practical ways out there. You have to figure out where and how you are throwing away your hard earned cash. Be prepared, get your money affairs in order. It’s your money….hold onto it.
Did you hear me? It’s your money….save it, hold onto it, you be in control.