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Wednesday, August 28, 2013

How to Save for Something Big

Whether you want to save up for a cool video game or your college education, you're going to need a financial game plan. Just ask your parents who probably labor away, constantly dealing with paychecks, bills, tax software, and savings of their own. When it comes to establishing a financial plan, check out some of these ideas that'll get you started!

Get a Savings Account

If you're serious about saving your dosh, keeping it in a shoe box isn't going to cut it. It's time to start a savings account. This account should be separate from your checking or "spending money" account. Look for a bank that offers a higher interest rate (that's the money the bank pays you to keep your cash with them) and also make sure they don't charge you a lot of service fees. In fact, a lot of banks don't charge kids any service fees at all, so shop around to find the right bank for you.

Start Saving Your Money Now

The next step is to start putting money in your account. Start with whatever you have, whether it's five bucks or a thousand, it all helps. The best thing to do is to make a saving plan. Decide how much you're willing to put aside every month and then do it. If you already have a checking account, most banks will be able to set up an automatic transfer every month - so the cash will come out of your checking account and go into your savings automatically. This is helpful cuz it's way easier to save money if you never have a chance to spend it in the first place.

Advanced Options: Investing Your Money

If you have a serious goal (paying for college, backpacking through Europe after graduation, etc.) the best idea is to start making your money work for you. The way to do this is to invest your money somewhere where it's going to make more interest than in your savings account. Here are some options:
  • Bonds: When you buy a bond it means you are lending money to someone (for example, your government or a company). With a bond you get a higher rate of interest than with a bank account, but you have to wait longer to get your money back (sometimes 10-15 years).
  • Stocks: When you buy stocks you are actually buying a tiny piece of a big company (for example, you can buy stocks in Disney, McDonald's or Nike). You can often make a lot of interest in the stock market but you also run the risk of losing money too. If the stock goes down, the money you get back from your investment goes down too.
  • Mutual Funds: Mutual Funds are like investing on your own, but instead you pool your money with other peeps and invest in a bunch of things (stocks, bonds etc.) with the help of a financial manager. This is a good option cuz you have a professional doing all the hard work, and it is less risky since you don't have all your investments in one place.


Other Investment Options

There are tons of other investment options out there and a financial advisor, banker or a money-savvy 'rent might have some cool ideas for your specific situation. If you're trying to save up for school, you might find that your government offers some saving help. Some countries and states will chip in to your college fund, while others will give you (or your 'rents) tax breaks. Check out your government's web site or ask your school counselor.

How to Manage Your Money (for Teenagers)

1. Get some money. Check out added online writing such as Accomplish Money (for Teenagers).

2. Save as abundant of the money you accomplish as you can.

3. Once you accept enough, ask your parents to accessible up a accumulation annual for you. This will annihilate the allurement of absent to absorb that money.

4. If you are not old abundant to get a job, plan assorted jobs about the house, acrimonious things up if you are not asked, or alive added harder on something that could acquire some money. Also, plan out a accord with your parents involving your grades--for example, for every 'A' grade, you get ВЈ5.

5. Alpha extenuative young. Let's say you get ВЈ10, save ВЈ5, and accept the added ВЈ5 for yourself. After a while, this can absolutely add up. If you save ВЈ5 a week, that is ВЈ240 a year. If you accumulate that up until you get a job you can accept absolutely a bit of money saved. (i.e. lets say you alpha if you are 12 years old. ВЈ240 per year * 5 = ВЈ1,200. You could accept ВЈ1,200 adored up for if you ability 17 and are in charge of a car, and accept the abandon and pride of active yourself around.

6. Accumulate an organized assay pad (which can be bought at any appointment store), a calculator, a cardboard clip, and three pens - one red, one blue, and one black. Monitor every cent that moves in and out of your coffer annual and your pocket, and accumulate every cancellation with the cardboard clip. This allows you to advance an acutely authentic appraisement of your spending, adapted with every acquirement and accessible on demand.

How Abundant of Your Bacon You Charge to Save?


If you're not extenuative 10% of your salary, you aren't extenuative enough.
The beforehand you alpha saving, the beneath you'll charge to set abreast every year to accommodated your goals. That's because you acquiesce your money added time to abound -- the assets on your invested accumulation will body on the above-mentioned year's gains. That's the ability of compounding, and it's the best way to accrue wealth.
Saving at atomic 10% of your anniversary bacon for retirement is recommended, but the earlier you alpha saving, the added you'll charge to save. If you alpha at 50, you may charge to put abroad 30% a year and still adjourn retirement by a few years.
Personally, I'm a big fan of the "save added earlier" strategy. That's what I've done -- approved to put as abundant abroad as accessible as aboriginal in my activity as accessible so afresh the ability of compounding do it's magic. It's just starting to bang in for me in a big way -- my investments are just now starting to bear abundant increases from year to year by themselves (even if I didn't accumulate accidental to them.)
So, how accept I managed to save this much? It starts with spending beneath than you earn. If you do this through the years, you can become absolutely able-bodied off. (By the way, if you're accepting agitation spending beneath than you earn, you may wish to analysis out my accomplished posts on how to save money and how to accomplish added money.)
I afresh yield the money I've adored and advance in my 401k (where I get chargeless money from my employer in the anatomy of a match) as able-bodied as in taxable accounts. My adopted investment car is basis funds.
Simply do these simple accomplish over and over afresh for years, and you're apprenticed to get rich.

5 Tips for Saving Money in 2013

Saving money seems to be on everyone’s apperception these days, whether acid aback on lunches or axis the absterge canteen upside down to deliver one added absterge out of those endure few drops. Accepting this continued “recession” impacting anybody in one way or another, whether annoying about befitting or accepting a job, or managing today’s domiciliary annual on an assets ashore in “yesteryear’s” salary, agency a greater acquaintance of extenuative money whenever possible.
Fortunately there are abounding tips for extenuative money accessible from every apprehensible source, whether from a blog, online article, bounded association paper, annual articles, as able-bodied as absolute books on the topic. Abounding of these admirable money extenuative annual accept been about for decades, but abounding are atypical suggestions that accept circumscribed up afresh acclamation our accepted banking times.
The absolute “trick” of advance is afterward through on any or abounding of these tips for extenuative money and in fact carefully and advisedly extenuative money.
Below are a few tips for extenuative money that may be off the baffled path, acclamation behavioral changes for extenuative added money.
1. Save Added by Extenuative Less
People generally accomplish the aberration of getting too motivated and advancing about extenuative money in the beginning, after accepting a plan. Be accurate of affairs out too abundant from your paycheck to go into accession in your antecedent enthusiasm. If you acquisition yourself affairs a lot of of your money aback out of accession every ages to awning your expenses, what you’ve absent is not alone the abeyant accession of savings, but your all-embracing aplomb in your adeptness to save.
Instead, outline a added astute annual (The Annual Kit book comes in accessible here) and see how abundant money you absolutely charge from the paycheck. Then save a abundant abate aggregate and vow not to blow it unless there is a accurate emergency. You will not alone end up extenuative abundant added cash, but accepting a abundant accord added confidence. For advice creating a astute annual analysis out the Udemy advance Create a Annual that Works.
2. Replace One Circadian Expense
Find one baby circadian addiction aggregate that adds up to added than you wish to accept and change it.
For example, if you adulation the acidity of hazelnut in your coffee or tea, rather than do the Starbucks pump and absorb an added .75 for your admired flavor, buy your own big canteen of abstract for $7, add a baby aggregate to a small, carriageable alembic and add it to your circadian drink. This will endure you months and save you ample money.
Best of all, you still get to adore your hazelnut!
3. Pick One Money Handling Addiction to Change. A few examples could be:
One day or anniversary or month, try traveling algid turkey and use alone cash. You’ll be afraid how fast money disappears if your money is actual again.
Enter the ATM, debit and banknote costs into your analysis register, software annual or added tracking arrangement on a circadian base rather than putting it off for a week. Taking in that advice circadian can accept a able appulse on your spending.
If you like to boutique and browse and consistently administer to absorb money accomplishing so, one day a anniversary adjudge to be a chargeless spirit and leave the cards and banknote at home added than the basal needs. Or break out of all food or any online arcade for that day.
4. Be Resourceful Maintaining Your Affairs on Less Money
As a cine buff, use the offers in the Ball books or added ball programs online to buy a aggregate of tickets for your admired theatre at abutting to bisected price. Even admitting you may not be able to use your tickets the aboriginal anniversary of the movie, you absolutely accept the achievement of alive you can still adore your admired movies, at a bargain amount any time you want.
5. Change Your Accent and Change Your Life
Saying “It’s alone xx dollars” can be an big-ticket mindset. This is an simple way to absolve your spending, after accepting to face the ascent absolute of all the “this is onlys” getting spent every week.
“We’ll never be able to accept …” “I’m abortive at extenuative money” can be debilitating mindsets and abash any affairs changes. It may be accurate that, at this time, there are things not financially accessible to you or your extenuative abilities are lacking. That doesn’t beggarly change is not possible. It is. And all these situations are acting – not forever. If you alpha to change your language, you can alpha alteration your life.

12 Ways to Save Money on Aliment Shopping



How to eat bargain -- but healthfully -- admitting ascent grocery costs.
You’re paying added these canicule not abandoned at the gas pump but aswell at the grocery store. Blame it on ascent oil prices, black crop yields, all-around warming, or the anemic dollar. What it all agency is that you charge to acquisition acute means to save. These able tips and strategies can advice you carve your grocery costs after sacrificing nutrition.

1. Plan Ahead
Katherine Tallmadge, RD, says, "Take annual of what you accept on duke so you don’t overbuy. Create a abundant arcade annual based on your needs and annual card plan, and yield into annual how you plan on application leftovers."
Have a ablaze bite afore you go shopping, and stick to your grocery annual to advice abstain actuation purchases or cher mistakes like falling for the displays at the end of the aisles.
Before you plan your annual menu, analysis the ads to see what’s on auction and use coupons to yield advantage of sales and money-saving coupons. You can even assurance up online to accept coupons and email alerts from your admired grocers.
2. Accomplish Advantageous Choices -- They’re Cheaper
Eating convalescent foods can in fact save you money, according to a abstraction appear in the Journal of the American Dietetic Association. The advisers begin that if families went on weight accident diets, they not abandoned absent weight but bargain their aliment budgets.
The accumulation came from abbreviation allocation sizes and from affairs beneath of the high-calorie foods that tend to admission the aggregate spent at the grocery store. Humans tend to absorb a lot on those "extras" -- foods that add calories but little comestible value, like sodas, bakery items, and chips.
You can get added for your money if you accede the comestible aggregate of aliment for the price. For example, sodas and flavored drinks bear mostly abandoned calories and could calmly be replaced with beneath big-ticket sparkling baptize with a burst of a 100% bake-apple abstract like cranberry.
"When my audience alpha bistro added healthfully, their grocery bills plummet," says Tallmadge, columnist of the book Diet Simple.
She recommends comparing aliment prices based on the aggregate of servings you'll get, forth with the food's comestible contribution. For example, a batter of peaches yields three to four servings. So if you bisect the aggregate per pound, the aggregate is usually absolutely reasonable.
"The ideal aliment is nutrient-dense not calorie-dense, and the atomic big-ticket may be fresh, frozen, or canned," Tallmadge says.
And if you're appetite something sweet?
Connie Diekman, RD, says, "Save money by casual on calorie-dense cakes and cookies. Instead, opt for melancholia fruit. Bake-apple is fat-free, top in nutrients and fiber, and a accustomed energizer."
Look for sales or coupons for ablaze ice chrism or nonfat arctic yogurt to adore with your bake-apple and you accept a delicious, fat-free, low-calorie dessert.
3. Buy Aftermath in Season
Check the aliment area in your bi-weekly to acquisition the best buys for the anniversary based on beginning aftermath in season. Aliment in division is usually priced to sell. During the summer months, blah on the cob can aggregate as little as 10 cents an ear; at added times of the year, it may aggregate 10 times as much. Also, boutique your bounded farmers' bazaar for abundant deals on bounded produce; the prices will not cover shipment costs.
4. Use Sales and Coupons
Planning commons about what's on auction can lower your grocery bills, abnormally if you aswell use coupons. Just accomplish abiding they're for items you would buy anyway. Sunday newspapers are abounding of coupons and sales circulars to get you started. It's aswell a acceptable abstraction to banal up on staples if they're on sale. "Buy one, get one free" is basically a address to get you to buy alert as abundant as you charge at bisected the price. At some markets, though, the artefact rings up bargain -- so you don't accept to buy added than one to get the savings. Use your freezer to abundance auction items that can be acclimated at a after date.
5. Brown-Bag It
Making cafeteria and demography it with you is a abundant money-saver and an accomplished use of assortment for commons at work, school, or wherever your destination. "Packing your cafeteria not abandoned saves you money, but you can ascendancy all the capacity so they are advantageous and low in calories," says Diekman, who is diet administrator at Washington University. Pack a simple sandwich, salad, soup, wrap, or a affable bite of cheese. Use freezer packs and containers to accumulate aliment at the able temperature unless you accept admission to a refrigerator.
6. Anticipate Frozen, Canned, or Dried
Next time you're acquisition capacity for a recipe, try application frozen, canned, or broiled foods. They may be beneath big-ticket than fresh, yet they are appropriately nutritious. Aftermath is about frozen, canned, or broiled at the aiguille of accomplishment if nutrients are plentiful. Angle and banty are generally flash-frozen to abbreviate freezer accident and absorb freshness. With arctic foods, you can use abandoned the aggregate you need, reseal the package, and acknowledgment it to the freezer. If it's appropriately stored, there's no waste. Canned foods are generally sitting in a ablution of juice, syrup, or acrid baptize and usually crave rinsing. Broiled fruits are concentrated in acidity and a abundant acting for beginning fruit. Aswell accede application delicate or evaporated versions of milk in soups, casseroles, mashed potatoes, or desserts. Buy the anatomy that gives you the best aggregate for your needs.
7. Save on Protein Foods
When possible, acting bargain vegetarian sources such as beans, eggs, tofu, and legumes for added big-ticket meat, fish, or poultry. Eat vegetarian already a anniversary or added to admission your burning of advantageous bulb foods while extenuative money. Eggs are an excellent, bargain antecedent of protein that can be eaten for breakfast, lunch, or dinner. You could aswell try application a abate allocation of meat, fish, or banty and extending the bowl with accomplished grains, beans, eggs, or vegetables.
Continue account below...
When you do buy meat, accept abate portions of angular cuts. For example, angular cuts of beef are those that cover the agreement "loin" or "round." (You can abate angular cuts of meat mechanically or by marinating them.) You can aswell buy a accomplished craven and cut it up instead of paying the boner to do it for you or buy the cheaper "family pack" and allocation it into closed freezer bags
8. Decay Not, Want Not
Before you bung decaying aliment into your grocery cart, anticipate about absolutely how you'll use it. The Environmental Protection Agency estimates that Americans accomplish almost 30 actor accoutrements of aliment decay anniversary year. Application added vegetables, poultry, or meat in soups, stews, salads, and buffet minimizes aggregate and demonstrates your adroitness in the kitchen. For example, accept a broiled craven for banquet one night and use the assortment for banquet the next night. Try topping a bed of beginning greens with vegetables, fruits, and slices of added chicken. Add a loaf of whole-grain bread, and presto! You've got a alimental meal in minutes. You can aswell eat assortment for breakfast or yield them with you for lunch.
9. Go Generic
Consider affairs abundance brands instead of pricier civic brands. "All aliment manufacturers chase standards to accommodate safe aliment and cooler articles of top quality," says Robert Earl, administrator of diet action for the Grocery Manufacturer Association. Many grocery companies buy national-brand articles fabricated to their blueprint and artlessly put their own characterization on the products. Read the additive annual on the characterization to be abiding you're accepting the a lot of for your money. Capacity are listed in adjustment by weight. So if you're affairs canned tomatoes, attending for a artefact that lists tomatoes, not water, as the aboriginal ingredient. Aswell attending for simpler versions of your admired foods. For example, buy biscuit or simple comatose or aloof cereals that accommodate beneath additives and are beneath big-ticket (and generally healthier) than adherent cereals.
10. Buy Prepackaged Abandoned if You Charge It
Unless you accept a advertisement or the account is on sale, affairs prepackaged, sliced, or done articles comes with a college aggregate tag. Still, humans active abandoned may acquisition that abate sizes of decaying articles or accoutrements of able aftermath annihilate decay and fit their needs best, admitting the added cost. You can aswell save money (and addition nutrition) by casual up the aisles with candy foods, cookies, bite foods, and soda.
11. Buy and Cook In Bulk
Joining a aggregate arcade club like Sam's, Costco, or BJ's can be cost-effective if you common the club regularly. Aggregate purchases can be a abundant way to save money -- as continued as they get used. You ability aswell attending in your association for arcade cooperatives that advertise aliment in aggregate at a abundant savings. Cooking in aggregate can save both money and time, says Tallmadge. "Prepare aliment in aggregate and benumb it in family-sized portions, which saves time in the kitchen," she suggests. For example, authoritative a big accumulation of amazon booze will be beneath big-ticket (and apparently tastier) than affairs it.
12. Bulb a Garden
For allowances that go above aggregate savings, bulb your own produce. There's annihilation bigger than a summer-fresh amazon from the garden. Tomatoes even abound able-bodied in containers if you don't accept amplitude for a garden, and some neighborhoods action association agronomical spaces. Alpha small, and see how simple it is to abound beginning herbs or a few simple vegetables. And if you advance a little time in freezing or canning your harvest, you can adore summer's compensation all year long.

20 Tips For Saving Money On Groceries


 Be Smart With Your Grocery Budget & You Can Enjoy Big Savings

Although we all need food and shop for groceries regularly, the food budget is one of the first (and easiest) places to pinch the pennies when needed.
With rising food costs, clever marketing and smaller packaging, it can get a little tricky to manage if you don’t know what to watch for.
Here are a few tips that can help you get the most bang for your buck…

Saving Money On Groceries

  1. Shop On Non-Peak Days: Know what days of the month are busiest for shopping, I find the prices tend to be average to high on those days since the stores don’t have to work hard to bring in shoppers (there are some great price leaders, but overall prices aren’t great). Paydays, government check mailout days (like social assistance, family allowance, retirement checks), holiday long weekends, the 1st, 15th and 31st (or last day of the month), Fridays, Saturdays are all days in my area that are busiest for grocery shopping. Mondays, Tuesdays and Wednesdays are not only less busy, I find items are marked at much better deals and pricing (if they don’t fall on the no-nos listed above). Plus if you don’t get to the grocery store early enough on high traffic days, the stores are crazy busy and pickings are slim with the deals scooped up long before you arrive…not as many product choices. Your area may operate differently with store pricing cycles, so take some time to track.
  2. Be Picky About Expiry Dates: For fresh bakery items, meats, dairy and packaged fresh produce (anything with an expiry date), don’t pick from the front of the shelf or top items. Merchandisers will push the soonest to expire to the front of the shelf and stock the fresh stuff at the back (better chance to sell an item before it expires). Go for the longest expiry dates so you have more time to consume it (and less waste). For fresh items, I prefer shopping at a large, busy grocery store since their product turnover is much higher (giving a better chance to find longer expiry dates).
  3. Stock Up On Deals: Staples like shampoo, deodorant, toothpaste, these are safe to buy in lots of 6 or so since you’ll definitely use them. This will cut back on your future grocery bills since you already have plenty on hand and you’ll never pay full price again!
  4. Know Your Prices: It’s a good idea to track prices with a price book, but if the thought of tracking each and every item you buy overwhelms you–you don’t have to go crazy and track every single thing, just track the main things that you buy: meats, dairy, cereals, etc. You’d be surprised at how many items aren’t the deal you thought they were (pay attention to sizes too).
  5. Take Advantage Of Coupons: Use coupons whenever you can, but only for items that you really will use. Keep them organized to make your savings system efficient. Also use the instore membership cards wherever possible to accumulate points and savings.
  6. Keep Your Pantry, Fridge & Cupboards Organized: If everything is disorganized and jumbled together, it’s easy to miss an item (or several) that you already have in stock and don’t need to buy. A lot of money is wasted due to disorganization.
  7. Buy In Bulk Sizes When Possible: If something is easy to freeze, buy large flats or packages and cut down to meal size, repackage then freeze. Buy big when prices for in season fruits and vegetables are good and freeze the excess (see How To Freeze Vegetables and How To Freeze Fruit for tips). You can save several cents per pound (but…make sure you know your prices since buying bulk doesn’t always mean saving money). Make friends with a farmer: buy meats in bulk if possible. If you don’t have family members who farm and you can invest with (like buying a pig or a cow), you can make connections at the local farmers market.
  8. Look For Cheap Meat Cuts: These can be used for soups, homemade broths, hearty stews and slowcooker recipes…costing you just pennies on the dollar when compared to premium cuts. The meat will be tender and moist if you use them in slow cooked recipes (see Tender Ways With Less-Tender Cuts Of Meat). Use rice, beans and pasta as cheap fillers. Or cut back on the amount of meat and stuff pieces to bulk up the portions.
  9. Train Your Eye For The Bottom Shelf: Understand that the goal for grocery stores is to make the most profit possible, they’re not our deal buddies. In most cases all the aisle and shelf displays are designed to make it easy for you to choose items that have the highest profit margin (for the store). Not necessarily the highest priced items, but the highest profit margins. Look for good deals hiding on the lower shelf (it’s easier to look straight across and up than it is to bend low–stores know this). Also watch for small shelf displays, the items that make the store big bucks get larger amounts of shelf space, with only a small section for some of the lower priced items. You see them–but your attention is mainly caught by the large displays. Be aware of that so you don’t miss the better deals.
  10. Make Less Shopping Trips: If you go weekly, you’ll find stuff to buy weekly–and that can easily pump up your monthly total. My ideal grocery shopping plan: Big spend once a month with fresh produce purchased weekly. I realize that conflicts with the leading tip to avoid weekly trips, but it’s one thing to run into a store, go directly to the fresh produce area, get what you need, then get out. Choose a hand basket instead of a grocery cart for quick trips, there’s no room to fill it up with non-essentials.
  11. Buy Packaged Produce With No Regrets: When it makes sense! There are certain vegetables that just don’t do well in my home (have I mentioned I have a house full of fussy pants?), instead of buying a head of cabbage and a bunch of carrots, I’ll buy a small coleslaw bag…or I’ll buy two sticks of celery instead of a whole celery bunch. I’m paying more (per weight), however it’s costing me less at the cash register and I have no waste. Throwing out spoiled vegetables is throwing out money.
  12. Introduce Cheap Meals: If you don’t already do so, make a goal to have at least one healthy, cheap supper meal a week (leftovers day doesn’t count). This can be a slowcooker meal, cheap meat cuts dish. By doing this at least once a week, watch the dip that happens in your monthly budget (that’s at least 4 meals you’re slashing costs on).
  13. Plan For Once-A-Month Cooking: Try preparing at least one or two meals that you can make in big batches (see Once A Month Cooking for more details). The idea is prepare a whole month’s worth of meals at once, but you don’t have to go to that extreme at first. Try making just one or two dishes in bulk (3 or 4 meals) then freeze them–this accomplishes savings two ways: Less temptation to order takeout on busy days as well as uses up those items purchased in bulk (at lower prices).
  14. Make Your Own Stuff: The ideas are endless! You can make homemade laundry detergent, homemade swiffer cloths, homemade cleaners, feminine pads, dishwasher detergent, fabric softeners & dryer sheets…there are loads of things you can make yourself for a whole lot cheaper.
  15. Kill The Hunger Beast: Before shopping, have a snack so you aren’t hungry while shopping. If fresh bread is a tempting trigger for you, have some toast before you head off to the store. If chocolate items makes you weak at the knees, have a bit of something chocolate. These may not be as wickedly good than what’s waiting to tempt you at the store, but it’s enough to kill the craving and those triggers are harder to manipulate you when you’re fortified ahead of time.
  16. Give Yourself Time: If you’re shopping in a rush or with three young children hanging off you begging for 100% sugar content cereal, you’re not going to be in the mood to scout for good prices. Try to shop when you can do so alone and not pressed for time. If your spouse isn’t a strong shopper, agree he or she stays home for the sake of the family budget (waiting to help unload the groceries of course!). For quick trips to replenish fresh produce, I do the opposite and squeeze in grocery shopping time between other errands–less time to dawdle (and spend).
  17. Build A Better Shopping List: Throughout the month, track all the items that you need to replenish or will soon run out of. On shopping day, create your shopping master according the store’s floor plan so you have items listed by aisle or section. Knowing just want you want to buy helps you stay focused and less browsing the shelves trying to remember what you need (less chance to be tempted). I find it best not to be too rigid with buying only what’s on my list, I’ll buy other items when the prices are a bargain (knowing your prices is important for this to work out well).
  18. Grow Vegetables & Herbs: Don’t let the thought of a large garden overwhelm you, go as small as you like at the start and grow in size as you feel comfortable and can manage. Both large gardens and small pots can save piles of cash by growing your favorite veggies & herbs. Consider herb pots, small plots of potatoes, container tomatoes & cucumbers, grow a small pot of onions and even bean sprouts right on your kitchen counter. Whether you have a large backyard, a small apartment balcony or just a sunny window, you can grow some of your own food and pocket the savings.
  19. Shop At More Than One Store: In my city I have one favorite grocery store that has the best prices on packaged and canned goods, and another favorite store that has the best quality (along with good prices) for fresh produce and meats. I’ll plan my shopping trips to shop at both–paying a bit more for fruits and veggies that really are fresh and of good quality since they’ll last longer. Shopping at a variety of stores only works well if it’s worth the cost of extra gas and if you can manage the time, for me it really does pay.
  20. Watch The Deli Area: If you shop after 7 p.m. or so, good deals can be had in the deli section for roasted chicken, roast beef, prepared salads and other dishes that the store is eager to sell before closing. If you can use them up for a late supper that night, great. If not, think about ways you can use the meats: I like to grab a couple of the roasted chickens, shred them and made chicken salad for the next day, chicken pies for the freezer, stir frys for the next night. Keep the chicken carcass and make some soup stock the next day. Cheap meat that’s already cooked for you, love it!
Bonus Tip:
Bring Your Own Fabric Grocery Bags: Not a big money saver, but many stores will give you a few cents off for each bag you bring in plus there’s no danger of the cheap plastic bags ripping open and spilling out grocery items (and smashing jars, breaking eggs, etc.).

Tuesday, August 27, 2013

Money Saving Tips for College Students

Money Saving Tips for College Students

  1. Where does your money go? It is important to know where you are spending your money. This will allow you to develop better spending habits.
  2. Make a budget. Estimate your monthly income and expenses. Check out the budget planner in our MoneyHelp section.
  3. Live like a college student. The reality is that you're a college student. So live like one—don't spend money you don't have yet. Though it may feel difficult, living like a student now will place you in a better financial situation when you graduate.
  4. Don't abuse credit. Be responsible with credit cards. Only charge what you can truly afford to pay off each month and make sure it fits into your budget. If you are easily tempted to overuse, leave the credit card at home and take only the cash you can afford to spend.
  5. Nothing's impossible. While it may seem impossible to save, try anyway, even if it's only $10 a week. Place the money in a savings account that's not attached to your ATM card so it is not as easily accessible.
  6. Keep it safe. Be sure to keep receipts, student loan documents and other financial statements. You never know when you will need to refer to these documents.
  7. But do you need it? One of the most important money saving tips is not to buy on impulse. Wait a few days and see if you still need the item.
  8. Keep score. Make sure you pay your bills on time, every time. While this may seem obvious, paying on time is a big factor in having a good credit score.
  9. Be a cheapskate. Many colleges offer lots of free or cheap activities on campus which will provide the opportunity to socialize without a lot of expense.
  10. Milk your student status. Lots of places will give you a discount simply for being a student. Look for places that offer savings when you show your student I.D.

  11. Extra cash. As long as you are able to manage your studies, a part-time job is a great way to earn a little extra spending money.
  12. Use the used. Look online or check with your college bookstore for used textbooks for classes, which can save you some money. Selling back your used books at the end of the semester could score you some extra cash. Check online or with your campus bookstore for buy-back details.

10 proven ways for students to save money

Let's face it. College and university acceptance absorb a lot of money. From charge to textbooks to accepting a life, your kids will charge a lot of banknote for their post-secondary education. The boilerplate Canadian graduates from an apprentice amount with $20,000 in debt.
The Smart Cookies are a accumulation of 5 Canadian women who got themselves out of about $50,000 of debt in one year.
One of the best means the Smart Cookies abstruse to abstain debt is to save area you can during the academy year. Here are their 10 tips for acceptance to advice them amplitude their accumulation during the academy year.
1. Start a abridgement for spending
One of the better mistakes adolescent humans accomplish is spending money after any pre-planning. You map out your classes for the year, you map out your bounce breach alley trip, you map out your accouterments for that affair on Friday night. To auspiciously access at the end, you've got to accept a plan to get there from the beginning. Figure out how abundant money you have, what's necessary, what's a luxury, and again account (on paper!) how abundant you charge to break afloat over the year.
When it comes to buzz services, one way to abstain biconcave your account is by allotment a provider that offers absolute add-ons for appearance you may use a lot, like argument and long-distance (important if your accompany and ancestors are beyond the country).
2. Bandy your old being for new swag
Odds are if you don't wish something, somebody abroad at your academy will. From purses and shoes to textbooks and hockey equipment, you can calmly about-face that old ataxia in your closet into banknote or barter it for something abroad you need. Auction sites and classified ads are great, but don't bind yourself to online outlets – announcement signs about campus or hosting a bandy soiree can accomplish the aforementioned ambition and you’ll accept a lot added fun. An added benefit is by abbreviation waste, you're aswell allowance the environment.
3. Bookish activity is an alive life
Classes, apprentice clubs, traveling to and from campus – the bookish activity is a actual alive life. Adaptable phones aren't just a abundant way to break in blow on the move; they're an important apparatus for ensuring your assurance and security: backward nights at the library abstraction for the allure final, winter alley trips home for the holidays – a adaptable buzz can be your lifeline! As an added bonus, a adaptable buzz can be your buoy to abundant credit. Applying for wireless account is the aboriginal time abounding adolescent humans accept credit. Paying the bill appropriately can be the aboriginal footfall appear a complete acclaim score, accretion the likelihood of accepting mortgages and car loans after in life.
4. Get Carded
Under accustomed circumstances, getting asked for ID can be a bit of a fizz kill. But if you're in school, there are two abracadabra words you charge to add to your cant – apprentice discount. Whether you're accepting dinner, traveling out to a movie, affairs a computer or traveling, aflame your apprentice agenda can generally save you 15 per cent. And don't be abashed to ask – even places with unadvertised discounts or no academic action will about accord a apprentice a break.
5. Advanced acclaim isn't just for courses
Post-secondary academy is about the aboriginal acknowledgment abounding acceptance accept to credit. Educate yourself about customer credit, including acclaim scores, absorption ante and transaction periods. You're in a actual capricious period, establishing acceptable (or bad) habits that you'll acceptable backpack with you for years to come. Paying your bills on time is a acceptable way to ensure apprentice year doesn't flunkout your acclaim for life. Setting up e-mail notifications and automated bill payments are a abundant way to ensure your payments aren't tardy, but conceivably the a lot of important aphorism is pay banknote if you can.
6. Kick-it old academy and share
In primary school, they accomplished you to share. As a teen, your behaviour was a little added egocentric – or at atomic that's what your parents said. It's time to yield it aback to the amphitheater and share. If you're active home over the holidays, action others a ride in barter for a allocation of the gas money.
Sharing things like DVDs, textbooks for half-year classes and Xbox amateur can be appropriately elementary if it comes to befitting your coin. And if you're on Facebook, sometimes all it takes to borrow what you charge is a agenda in your status.
7. "Used" is not a four-letter word
For those of you destined for business school, your business advisers will acquaint you the attraction of what’s 'new' is one of the affidavit consumers absorb themselves into insolvency. Your microeconomics advisers will acquaint you that the use you get out of an article justifies the money you absorb on it – that is, a book's amount is in getting read; a car's amount is in getting driven. Listen to your abstruse academics. A acclimated car can still yield empties aback to the abundance and a acclimated arbiter will still accord you a cephalalgia afore your attitude midterm – you'll just absorb less.v
8. Bling from getting green
Leonardo DeCaprio, Brad Pitt, Jay-Z and even Miley Cyrus are actively complex in ecology causes. It's acutely air-conditioned to be affectionate to the planet. However, the Earth's forests aren't the alone blooming you'll save by getting environmentally responsible. Ways you can save banknote while extenuative the planet include:
• Wearing added layers in that aerial apprentice abode instead of axis up the thermostat
• Using bunched beaming ablaze bulbs whenever possible
• Taking timed showers – hot baptize heating uses one-third of the activity in a home. A battery agenda aswell prevents the action for the bath with housemates.
9. Picture your purchases, again absorb the scratch
Have your eye on a new computer? Thinking about a account anniversary anniversary to the Bahamas? Wish to alum afterwards a government loan? It's easier to save money for a acquirement if you're consistently reminded about it. Download photos of what you're extenuative for and put them on your corpuscle phone, day artist or on your computer's desktop. This address will aswell advice you abstain actuation buys that about get answerable to a acclaim agenda – you'll save the money and accept lots of time to contemplate if you absolutely wish it.
10. Absorb the black in
A alluring night on the boondocks seems like a absolute way to absorb time with a appropriate anyone or draft off some beef afterwards an exam. But the next morning, all you'll be larboard with is a cephalalgia from the abode music and a aback abridged abounding of bar change that acclimated to be a aback abridged abounding of bills. Staying in is an economical yet appropriately fun another to traveling out (think top academy abode party). It will not break the headache, but at atomic you'll apperceive the affliction in the academician isn't accent because you're anxious about authoritative rent.

27 Money Tips for College Students

School’s back in session, and with it come life-lessons in money management for students. But personal finance can be easy, even if you’re just starting out. You just have to know how it works. All of the following are concepts I wish I had known before heading to college.
Money Management
Now that you’re on your own, you might be tempted to spend money on all the things your parents wouldn’t let you have before. Go slow. If you play it smart, you can avoid the sort of money troubles that plague many young adults.
  • Join a credit union. Don’t just sign up for a random bank giving away t-shirts or frisbees at registration. Track down a credit union in town, or do some research into online banks.
  • Don’t get a credit card unless you absolutely need one. Don’t be a sucker. Those guys sitting behind the sign-up table are not there to help you. They’re there to make money.
  • Avoid non-academic debt. It might seem like a good idea to put that Xbox on a credit card, but it’s not. Focus on developing good money skills with cash. Worry about credit later.
  • Save and then splurge. If you decide you must have that Xbox, then save for it. Wait until you can pay cash.
  • Pay your bills on time. Basic advice, but it’s surprising how many people lose track of things. If you pay your bills as they arrive, you won’t have to worry about forgetting them.
Organization and Planning
Some minimal organization will keep your finances in order. Each of these is an important adult financial skill.
  • Track your spending. Use a notebook, or use Quicken if you have it. Good records will prevent you from getting overdrawn at the bank or charging more than your credit limit. This habit also allows you to detect spending patterns.
  • Make a budget. It doesn’t have to be fancy. At the start of the month, estimate how much money you’ll receive and decide where needs to go. Remember: you don’t need to spend it all.
  • Save your receipts. Put them in a shoebox under your bed if you must, but hold onto them. You’ll need to be able to compare them with statements at the end of the month. And some you’ll need to keep for several years.
  • Guard your vital stats. Don’t give out your social security number or your credit card info except to known and trusted sources.
Campus Life
It seems like there are a hundred thing competing for your money. It’s hard to know what to do. Here are some smart ways to save money on campus.
  • Buy used textbooks. You’re just going to sell them back at the end of the term. (Or end up wishing you had done so five years from now.) You don’t need new textbooks.
  • Skip spring break. Forget the long road trips. You can have a lot of fun for cheap close to campus. (My college used to organize economical group trips; yours probably does, too.) You might be surprised at how fun it can be to stay on campus, too.
  • Live without a car. Cars are expensive: gas, maintenance, insurance, registration, parking. Stick close to campus. Learn to use mass transit. Find a friend who has a car.
  • Don’t hang out with big spenders. Some kids have parents with deep pockets. Other kids are well down the road to financial trouble. Hanging out with them can lead you to spend more than you can afford.
  • Take advantage of campus activities. There’s always something to do. Attend free movie festivals. Pay a few bucks to see the local symphony every month. Support the sports teams. Attend lecture series. Get the most from your student ID!
Personal Life
Take care of yourself. Your mother isn’t around to remind you to brush your teeth. Nobody’s going to scold you for eating three bowls of Cap’n Crunch. Self-discipline is more important now than it ever has been in your life.
  • Go to class. You’re in college to learn. Everyone skips now and then, but don’t make it a habit. What you learn and do now will have a profound impact on the rest of your life.
  • Get involved. Staying busy staves off boredom. It also helps you build skills and form social networks that will last a lifetime. Try out for a play. Join the astronomy club. Write for the school paper. Find something that sounds fun to you and do it. Take risks!
  • Stay active. A healthy body costs far less to maintain than an unhealthy body. You don’t have to do much to avoid gaining weight in college. A walk around campus each day will probably do it.
  • Eat healthy. It’s possible to eat well on a small budget if you know what you’re doing.
  • Limit vices. Beer, cigarettes, and pot are expensive. They also screw with your body and mind. Take it easy on the vices. There’s nothing wrong with a drink or two on Friday night, but don’t go overboard.
  • Learn the art of the Cheap Date. The student’s guide to cheap dates suggests:
    • Take advantage of mother nature
    • Go for coffee
    • Use CitySearch to track down cheap food and activities
    • Attend campus events
  • Have fun. Your college years will be some of the best of your life. It’s trite, but true. Make the most of them.
Decision Making
Get in the habit of making smart choices now, and you’ll develop a pattern of behavior that will stand you in good stead the rest of your life.
  • Make smart choices. You can do anything you want, but you can’t do everything you want. Decide what’s important to you, and pursue that. And remember to leave time for yourself.
  • When you want to buy something, ask yourself “Do I need it?” If you think you do, then wait. Don’t buy on impulse. Write the object of your desire on a piece of paper and pin it to the wall. Look at it every day for a week. If, at the end of the week, you still think you need it, then consider purchasing it.
Making Money
I’ve saved the best for last. If you can master even one of these, you’ll have a head-start on your friends. Master all four, and you’ll be on the road to wealth. No kidding.
  • Spend less than you earn. Don’t earn much? Then don’t spend much. If your spending and income are roughly even, you have two choices: earn more or spend less. When I was in college, I worked as many as four jobs at once. This gave me a lot of spending cash. (Unfortunately, I didn’t do a good job with the spend less part of the equation.)
  • Be an outstanding employee. Good work habits can pay enormous dividends, leading to recommendations and contacts that you can use after you’re out of school. Several of my classmates turned work-study jobs into launching pads for future careers.
  • Start your own business. Can you install a hard drive? Can you strip a computer of spyware? Can you perform minor car repairs? Do you have a pickup truck you could use to haul furniture? Are you a passable guitar player? Charge cheap rates and exceed expectations. Word will spread. When you’ve built up a customer base, you can raise your rates a little. This is an awesome way to make money.
  • Learn to invest. Find a discount broker and begin making regular investments. Sharebuilder is a great choice for college students. It costs only $4 to make a scheduled stock purchase, and you can invest any amount of money, even $20. Don’t obsess over the details yet. You can worry about high returns and low fees later. Right now the most important thing is to develop the investment habit. (Ad: Buy Stocks for $4 at ShareBuilder.) Ten years from now, you’ll thank yourself. If you can find a way to invest $1000 a year for the next ten years, you can set yourself up for life. No joke.
ShareBuilder-Welcome page
You’re ahead of the game just by reading this list. Now do yourself a favor: subscribe to Get Rich Slowly via RSS or via email (see the sidebar). Then go visit I Will Teach You to Be Rich. Ramit’s advice is targeted directly at young adults.
Also, if you can find it, pick up a copy of Young Money, a magazine for college students. (Browse the magazine’s archive of money management articles online.) Finally, download the free PDF “40 Money Management Tips Every College Freshman Should Know” from Scholarship America.
Now stop fretting over money. Get out there and have some fun. I’ll be here when you return.
http://www.getrichslowly.org/blog/2006/08/30/27-money-tips-for-college-students/