EASY WAYS TO SAVE MONEY ON A FRUGAL LIFESTYLE

There are ways to save money from all the aspects of your life ,and this website is for you to make sure that you will always have inspiration to earn more money.

These savings will add up over time, so make sure that try different suggestions from this list so that you reach a lot more money.

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Without further ado,let ‘s start:

FINANCIAL CHARGES

FINANCIAL CHARGES

The first rule to START to fix your finances is to start with your credit cards .Credit is the biggest enemy that you have ,but it can also be a great lever to have access to more money(more on that in other articles)

1.Pay off your credit cards

Credit card companies charge 16 to 20 percent interest on the unpaid balance of your bill.

Week of Dec. 24, 2019 The average APR on new credit card offers stayed put at 17.30% this week ! Source- Creditcards.com

So, in 2020 , for 100 dollars that you have -the bank is getting on average $17.3 . Therefore, credit cards are a great tool ,but they are not a bargain .

In order to start with the right foot with credit cards ,take a look at the article about the best credit cards.

2.Keep only ONE credit card

Credit cards have a monthly fee that needs to be paid regardless of the amount borrowed. That is a great idea to take a look at the article above .

3. IF credit cards are the reason for your money problems,use ONLY CASH!

The self control needed for a credit card is something that not a lot of people have it,and that is the reason that I strongly suggest that to only use cash for every purchase. Personally, this is the reason that made me to have a better understanding of my financial behavior and mishaps.

No matter the size of expense, pay it with cash .This will help you to develop your patience and develop your character.

Travel rewards are now such a big deal that paying for your car with an airline rewards credit card makes lots of sense if you can pay it off within a month.

4. The mortgage is the most important payment

The payment of your mortgage in advance is the secret of paying less ,overtime. With different words, the bank will have you paying up to 3 times the amount that you borrowed, and this process can be changed if you decide to be financially responsible and pay in advance from the borrowed sum, not as a random future payment, that involves that you simply pay the interest as well. It is a rather simple process and it is a very important change ,as you will notice in time.

5. Use only an bank account that waives the monthly fee

                 To waive- to withdraw,to relinquish a right 

Because a bank account is necessary, choose one that waives the fee if you maintain a minimum balance in that account or if they directly offer free checking. This is very important and simultaneously very simple. Check out the website to find out more details from the navigation menu.

6. Transfer balances to a smaller interest rate credit card

One of the easiest ways to fix your finances regarding credit cards is to transfer the balance to THE credit card (remember 2?) to one that has a low interest rate.This suggestion might seem small, yet I assure you that it is not actually done correctly by a lot of the entrepreneurs in my circle of friends. For example, you can save almost $400 by moving a $3,000 balance at 17 percent to a credit card with a 0 percent APR for 12 months, if you can pay $251 each month.

7. Don’t bounce checks

It is a sign of integrity to have your checks not to bounce. Do your best to maintain it.

8. Use  cash back credit card

The best credit card for you ideally should offer cashback ,that is a percentage of the purchase BACK to you ( not cash usually) just for using it.

9. Use  0 percent purchase APR for big purchases

Quite a few of the credit cards on the market allow you to break the expense into smaller chunks that will receive no interest if made on time.This is a great tool to have.

10. Use  a credit card with a SIGN-UP BONUS

The best credit card for you ideally should offer a sign-up bonus as well.This is another overlooked

11. Redeem your cash for a gift card

While cash may be the more versatile reward, you can maximize your rewards if you redeem them for a gift card with the credit card issuer’s rewards partners. For example, you may be able to redeem $20 in cash rewards for a $25 gift card

12. Use your credit card issuer’s discount mall

It takes a bit of planning ahead, but you can save money on dining, movie tickets, flowers, and more by making the purchase through your credit card issuer’s discount mall. Take a look at your credit card issuer’s online discount mall to see which retailers offer discounts.

13. Pay no foreign transaction fees

If you travel abroad, the fees can add up quite fast, and if you think that the fee is usually 3 % of the amount in different currencies, you realize that these fees are significant for your financial success,so find a card that offers this perk.

14. Extended warranty benefits

The credit card can automatically extend your warranty for important purchases like expensive electronics and directly make you save money just by being informed.

15. Use price adjustments in your advantage

The credit card can help you save money when the price changes so that you get the difference back into your account.

16. Skip the car rental insurance

Using the car rental agency’s rental coverage can increase the price of your rental up to $20 each day. That’s $140 if you rent a car for a week. Most major credit cards provide car rental insurance as long as you decline the coverage offered by the car rental company and pay for your rental with your credit card. Use the navigation menu if you are interested

17. Shop on retail cardholder discount days

The credit card can also help you to have bigger rewards on special days like anniversary or on certain months of the year.

18. Earn free travel or hotel stays

Use a travel rewards credit card to earn miles or points that you can redeem for a free flight or a free hotel stay. You can use the free flight for an annual vacation, holiday travel, or weekend getaway.

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B.Transportation costs

Transportation costs

You and your partner have regular costs,and these costs of car payments, gas, insurance, maintenance can add up to a boatload!

This is a huge area to think about when trying to save money.

19. Debate if you need that extra car

Use a travel rewards credit card to earn miles or points that you can redeem for a free flight or a free hotel stay. You can use the free flight for an annual vacation, holiday travel, or weekend getaway.

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