Track What You Buy So You Don’t Overspend
It sounds hard, but really tracking what you spend doesn’t take much time or effort. All you need is a little notebook or a handy iPhone app that keeps you in check. I personally kick it old school and write down my expenses in my planner, but you have to do what works for you.
Use Credit Cards Just for the Points
Only use credit cards if they provide awesome points benefits, and pay them off in full every month. There are tons of websites that are devoted exclusively to flying, dining, and staying in hotels for free just using credit card points. It’s a great hobby to have since you can travel the world without spending too much of your hard earned cash.
Have a Devil On Your Shoulder
Have a little voice in your head (or a real life money accountability partner) asking you, “Do you need that?” or “Is that really necessary?” It might be annoying the first few times, but eventually having that accountability will be the key to getting and staying debt free.
Spam It, Baby
Pick 1-2 stores that you absolutely love and stay on their mailing list. Everything else needs to go to spam, especially if you aren’t good when it comes to sales or offers. We all know that when you get deals in your e-mail, it makes you want to buy, buy, buy, so eliminate the temptation.
Cancel the Cable
I never thought I’d have a house without TV, but we’ve lived without one for almost 2 years now, and it’s been just fine. It takes a little adjustment at first, but remember you can always watch shows on your computer.
Complete DIY Projects
Completing simple projects like refinishing furniture, painting your own rooms, sewing the hems of your pants, and gardening are all great DIY projects that can save you tons of money in labor costs.
Air Dry Your Clothes
If you live in the city, you can get a hanging rack, and if you live in the suburbs, you can get a hanging line. Not only is hanging up clothes is a good arm work out, they actually smell really fresh and feel cozy when you take them off the line. My tip is to always use fabric softener so they don’t get crunchy.
Say No To Your Friends
Some of your friends might make more money than you, and it can be tempting to want to spend the same amount as them or purchase a round of drinks. However, you have to make the decisions that are best for you, and remember that good, true friends won’t judge you on what you can spend.
Don’t Allow Yourself To Feel Guilty
You don’t have to donate to every cause. You’re not a jerk for saying no. You also don’t have to fly home for every holiday if you can’t afford it. Learn how to keep your priorities straight, apologize when necessary, and use what you would have spent on them to reach goals and get out of debt.
Do you have any other savvy money tips that would work for anyone? If so, please share them in the comment section below!
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