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Oddball Tips For Saving Money

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piggy bank on a pile of moneyBeing smart about money is more important now—when you're young—than when you're older. Why? Smart habits learned now will stay with you, but more important, any money you stick in a savings plan at 20 has a lot more years to earn interest than money you stick in a savings plan at 40.

And guess what? You can save some money now, even if you're working two jobs just to get by or attend school. Use these oddball tips to stow a little money away where you can't touch it!

 

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Watch Out For The Sucker Punch!

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young woman with credit card and laptop computerA credit card is one of the most important—and potentially dangerous—financial tools you'll ever touch. And here's a fact: where you get that card is a huge decision.

New laws that have just gone into effect are supposed to protect people our age, but guess what: they don't.

 

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No-Brainer Tips: Safe Social Networking

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friends looking at computerBy now, everybody (sort of) knows some of the negative aspects of social networking sites: your personal information is shared with many and privacy is pretty non-existent, if you haven't changed your privacy settings.

Has that stopped you or me from using sites such as Facebook, MySpace, Twitter and the like? Of course not. Social networks are fun. But do total strangers and scam artists need to know every detail of your life? Probably not.

 

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What Can You Learn About Money From People Who Failed?

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stack of $100 billsWe all know millionaires know how to make money. I've always wanted to know why most people don't become millionaires or don't succeed when it comes to simply having enough money to lead a stress-free and independent life.

Here are five key lessons I've learned so far from those who fail becoming millionaires:

 

 

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Weird But True Budgeting Tips

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adding coins to savings jarColleges and graduate schools can be backbreaking, when it comes to money. Why not get creative with ways to save more money and lessen that backbreaking load?

  1. Hang out with people who are careful with their money. Cutting your spending is easier when the crowd you run with is trying to do the same thing.

  2. Make one day a week a “spending-free day”. This sounds weird, but it will give you courage, and isn’t as hard as you think.

    • Make sandwiches for lunch and break out the Noodle packs for dinner. Invite friends for dinner, but tell them to bring their own eats.

    • Find a free way to get around. Use a bike, or bum a ride. But spend no money on transportation.

  3.  

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Web Links

September 2010

Floods in Pakistan: FTC Warns Consumers to Give Wisely. Following these tips will help you make sure your money goes to aid the flood victims.

Do you like to give or use gift cards? Then you'll like these new rules for gift cards.

Concerned abourt your privacy online? Then check out the articles in Consumer Action News' Summer Issue.

Disasters can have unexpected consequences that impact your privacy and your personal information. This article from the Privacy Rights Clearinghouse can help you be prepared.

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