Editor’s Note: This is a guest post, written by Edwin Dollars from edwindollars.com.
Planning a bright personal Financial future is never easy, what with all the unplanned things that can happen or the temptations that always get in the way.
Your rent may go up, your hours at work may be cut. There are so many things that can (and do) go wrong in our lives at times.
Giving up is not an option, however, for living a financially stable existence is definitely better compared to a hand-to-mouth one. Besides, fully repaying all your debt and living a debt-free life will make you feel light as air.
Here are ten ways to save Money that you can act on right away:
1. Enroll in free online courses to learn anything
Whether you want to learn how to start your own blog, how to balance your accounts, how to bake, how to dance or do anything under the sun – free online courses are your wallet’s best friend.
No matter what you want to learn, there’s probably a free course online already. Just do a quick Google search for “your topic + free course” to get started.
Many sites will require you to sign up to their mailing list in exchange for the free course, but that’s a small price to pay for the rewards of learning something new.
2. Prioritize getting rid of debt
Make the repayments for your credit card or loans a priority to avoid costly penalties and unnecessary interest payments.
When you make paying off your debt a priority, nothing else matters. You start changing your spending habits and become devoted to putting every last penny into getting rid of your debt.
3. Control impulse or stress spending
Diligently track your expenses and see if you are being impulsive or if you tend to stray from your personal finance plans whenever stressed. In that case, learn to control yourself. Ask the help of a friend or a partner to keep you accountable, if needed.
Once you identify your bad financial habits, you can then work to change them.
4. Take advantage of discounts and incentive programs
Companies are bound to improve their marketing strategies through promotions, so keep an eye out for these. Whatever you need – work those seasonal discounts, group promos, free-shipping deals, coupon giveaways, and price-match promises to your advantage.
Use a credit card with a rewards program, but only if you plan to pay off the entire balance every month.
5. Repair or upcycle instead of tossing away
Don’t throw away used clothes; transform them into cute pillowcases or kitchen accents instead. A door or chair is broken? Have it fixed instead of replaced.
The refurbishing-instead-of-throwing-away mentality can also apply to financial products. For example, turn multiple loans with steep interest rates into a better deal through refinancing.
6. Keep Your Utility Bill Low
Do the legwork to make sure your monthly expenses stay low. There are plenty of things you can do to lower your utility bill, like installing window film insulation to keep your home warm in the winter or using ENERGY STAR certified appliances. You can also switch to a low-flow showerhead to reduce your water bill.
7. Go to yard sales and swap meets
Cheap finds await at these places. After all, one person’s trash can be another’s treasure. Not only will this be good for your personal finance, the thrill of finding something useful at rock-bottom prices, or even for free, will be delightful.
8. Be smart with your banking
Check with your bank if they offer money-saving incentives, such as waived annual fees, lowered transfer fees, and so on. If not, consider switching to a bank that does.
9. Do household chores yourself
By taking care of household chores yourself, you eliminate the need to pay for a cleaning service. This can save you up to a few hundred dollars per month.
10. Get Your Full Security Deposit Back
Moving apartments? It’s time to start thinking about how to get that security deposit back in full. Review your lease to see what the move-out requirements are, and make sure you follow them to get as much money back as possible. If you get it back in full, you can then use that money toward the security deposit on your new place.
Act on these tips today and be one step closer to the stable financial future you have always wanted.
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This post first appeared on The Zumper Blog | Rental Market Trends, Real Estat, please read the originial post: here