Everyone has a different financial journey no matter where you are in life. Sometimes all it takes is that first step in the right direction to get things moving in your favor. But, as with most things, sometimes that very first step is the hardest part. Nevertheless, there is a possibility for anyone to turn their financial life around with these great few steps.
1. Move Bank Accounts To Take Advantage Of Perks And Earn More Interest
Many different banks are offering sign-up bonuses simply for opening an account and setting up direct deposit, but some offer attractive interest rates to new customers as well. With credit cards, the majority of the time you will have to pay interest on your purchase and this depends on your bank. By switching to another bank, you may apply for a credit card that has 0% APR for a limited time. Some of the best credit card accounts and best savings accounts can be found online.
2. Stop Collecting, And Start Selling
Majority of us have this habit of buying and collecting but not selling or using. You may ask, how do I sell my unwanted items? Many people are reselling their items on sites like eBay, Depop, garage sales, and car boot sales. You can start selling them now and use those funds for any number of worthy financial goals. Before buying or collecting an item, ensure the item is not in questionable value.
3. Sign Up For Free Customer Reward Programmes
No matter where you live, you’ll find plenty of retailers who are willing to reward you for shopping at their store. Here’s the basic strategic plan for maximising the advantage of these reward programmes. You could sign up to the reward card schemes online or in the majority of retailers in store. Each retailer has its own unique reward programmes, whenever you’re ready to shop you could start collecting points. You can add to those rewards and discounts by using rewards credit cards to earn points on purchases at a wide range of stores that can be redeemed for cash back or other benefits.
4. Make Your Own Gifts Instead Of Buying Stuff From The Store
If you want to save money while also giving generously, creating your own homemade gifts is one way to accomplish both goals. You can make a gift box with food mixes, candles, fresh-baked cakes or cookies, personal handwritten cards, and all kinds of other things at home quite easily and inexpensively. These make spectacular gifts for others because they involve your personal touch and spin. Ultimately, it is limited edition which you can’t buy from a store and quite often they’re consumable, meaning they don’t wind up filling someone’s closet with junk.
5. Write A List Before You Go Shopping
Often when we go to grocery stores or departmental stores, you can easily lose track with all the great deals happening. One of the easiest ways to save money is to only shop when you have a list. Because when you’re without one, you typically end up making impulse buys and unplanned purchases – all things that cost money. Creating a list before you go to the grocery store is especially important. Not only can it help you buy items that fit with your meal plan, but it can also help you avoid buying food you might waste. Always create a list and, more importantly, stick to it!