Life Hack Finance Tips

This eliminates spontaneous purchases made out of excitement or emotion. A lot of you messaged in saying you automatically divert a portion of your paycheck to either go directly towards savings or retirement. What do finance hacks and mindset have to do with one another? Being able to respect yourself and be disciplined in your financial actions has everything to do with self love.

With the envelope method, you physically allocate set amounts of cash to spending categories like groceries and gas. You keep the cash in envelopes and once an envelope is empty, you no longer spend in that category for the month. You can take advantage of your bank’s round-up savings features or automatic transfers from checking to savings for free. You can likely select a day and time for a recurring monthly transfer so that you never forget to save.

Just using some of these money hacks will make a huge difference to help you improve your financial situation. Seasonal items like wrapping paper, graduation cards, Mother’s Day cards, Halloween candy, and so on can add up to a real bundle over time. Yet, mysteriously, these seasonal items vanish from stores within a day or two of the passing of the event. Many stores take whatever stock they have related to that holiday and put a big fat discount on it, sitting all of it in the back corner of the store. So, one month, I decided to make a personal commitment to trying out new free hobbies.

Shifrah grew up in San Francisco, but has come to appreciate smaller town life in Tallahassee, Florida, which she now calls home. Craigslist and eBay make it easy to look for used items. Facebook Marketplace, yard sales, and consignment shops are also good options.

There are many great options for filtering if you’re not a fan of the tap taste. Weigh the cost and see whether you #investing prefer bottled or tap. When you’re eating out, a family of six can easily save $12-$20 per meal just by drinking water instead of soft drinks. You are definitely not alone because USCCU has your back! Education is an important aspect of financial wellness.

By forcing yourself to hold your purchases, you’ll be less likely to buy things you didn’t intend to buy and don’t truly need. If you’re a visual person, then it might be difficult to stay motivated when you’re just looking at numbers on a spreadsheet. Instead, track the progress you’re making in a visual way!

Let’s say you have a car with a $500 per month payment. Sell it to pay off the remaining loan and you’ve saved $1000 in just 2 months. $500 a month added back to your budget is huge. The $5 challenge might be harder to follow during COVID times.

So many people think that what “job” they have is there only source of income. For online purchases, just click to the website, sign in, then click on the website you want to shop at. All is not lost, there are ways to repair and increase your credit score. Check out a free summary of your credit report to see what you need to fix to raise your score. Not only do lenders and financial services rely on our credit scores, but many jobs look at our scores as well.