Thursday, April 16, 2015

Money Matters #atozchallenge

Hello everyone and thank you for taking the time out of your day to join me for this little adventure on the AtoZChallenge.  Today I want to talk to you about Money.  Yes you know that thing that we need, want, should have but never seem to have enough of?  Yes those green bills and coins that we all need and want.  Have you tried this yet?  But if you take this total and divide by 365 it is $3.78 a day.  Yeah me either but you know what, it isn't to late to start this.  I will be doing this starting tomorrow and seeing how it goes from there.

I have been trying my best to do better with money and for the most part I am pretty good with it.  I haven't figured out really how to save money but I am able to pay my bills every month without worrying anymore.  Of course it does help that we are a 2 income household.  Even when it was just me taking care of my kids alone I still did pretty good.  So today I want to share a few things that you probably already know but need a refresher course on or maybe you didn't know and you are learning something new.

Credit Cards - pay more then one payment a month, it confuses them on the interest and you will pay less in the long run.  Example, say you have a $500 balance, you get paid weekly, break the $500 down into how many times a month you get paid and pay that amount.  Interest paid = $0.  You don't pay interest and you improve your FICO Score.  I know this isn't always able to be done but if you make more then 1 payment it will significantly reduce your interest charge every month.

Cars are another great expense that some of us have and here are just a few simple things you can do to make sure you aren't throwing money down the road when you drive.
    - get regular oil changes (saves wear and tear on your car and usually you can find a coupon by googling oil change savings)
    -  make sure your tires are at their proper inflation, if you are not sure just stop in to any Big O, Michelin, Tire Discounters or Ken Towery and have them check it.  Usually their is no charge and you aren't not wasting gas by not having the proper amount of air in your tires.  Yes you can lose money by not having it properly inflated.
    - air filters are one of the easiest things you can replace on a car and usually less than $20.  It takes a matter of  unscrewing 2-4 screws and that is it to replace it.  Better airflow will increase your cars performance and in turn give you better mileage and longer car life.

Electricity - oh where to begin with this one.  There are so many ways that you can save on this home expense that most people don't even think of them.  I am always telling my sister-in-law different ways to save.
   - turn off lights when you are not in the room
   - install a ceiling fan if you don't have one, they will help circulate air, lower your bill and can even add a decorative touch to your home
   - contact your local electric company and ask if they have a Budget Program.  Just yesterday at H & R Block when the lady asked about my electric for the month and I told her she responded with "must be nice".  I was shocked and then told her that LG&E offered budget plans that every month it is the same.  She said she lived in the county and I told her as long as LG&E is her electric provider she can get on the plan.  So I taught her something she didn't know, a way to save and how to do more on a budget.
  - install motion sensor light switches which can be tricky if you have never messed with electricity.  Fortunately enough we all usually know someone who can do this for us.  The cost might just be a lunch or dinner with a friend which in the long run you have a win/win.  They get fed, you get repairs and you both get friend time.

Food - I am not the best at saving on this but you can use coupons, buy food to take to work and keep there for lunches and cook in bulk and freeze the meals.  Most importantly for food, make a list and stick to it, plan a menu (which I have to do) and eat leftovers.

These are just a few of the ways that you can save money during the month and year.  Again, like I said, I haven't learned how to save alot yet but I have been able to significantly reduce my debt so that I can save and enjoy doing the things that I love to do.

So have you tried any of these ideas?  If so what have you found to be the biggest saver for you?  If not, do you think you can try them out for a month or so and see if you notice a difference.  I am sure you will and if not seeing a difference in a month give it 2 months.  I promise you will notice a difference.

Again, thanks for stopping by.  I am really glad you stopped by but I only ask one more thing of you.  Please leave a comment and let me know you were here.  I love meeting new people and learning new things.  Have a great Thursday!!!!

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