Pennysaverblog – Page 147 – Smart Finance and Money Saving Tips

6 Unusual Ways To Save Money

Take care of your pennies, and pounds will take care of themselves. – an English proverb.

Over more than 3 years of freelancing, I’ve learned that saving money is essential to getting a sense of security. Below you will find a list of money-saving tactics, which have helped me and which I hope will help you improve your financial situation. They are all simple, and, if combined together, they can save you quite a bit of money already today.

#1. Create a Bank of Discounts.

There’s a lot of power in unity. So how can you capitalize on this truth and join forces to save? One of the ways is to ask your colleagues or friends what discount cards they have and invite them to share. You can create a simple Google Docs document with the cards you all have and share it among yourselves. This way, everyone will have a lot of discounts at once. Such a “bank of discounts” has worked wonders for me.

March 25, 2015

General

The Impact Of Inflation On Your Finances

Most of us have heard our grandparents grouse about the high cost of goods these days. We’ve all heard phrases like this one: “In my day a cup of coffee was five cents!” Now we pay as much as $5 for our daily cup o’ joe at Starbucks. Of course, an argument could be made that your Grande Mocha Frappuccino should cost more than a plain cup of coffee, what with all the milk, sugar, and other ingredients added in. But even that plain old coffee will cost you more than $2 today at Starbucks, a pretty big increase from 1950 (when the price of a cup of coffee rose from one nickel to two at automats). And we have inflation to thank for these increases in the cost of goods and services over time. In case you hadn’t noticed, inflation occurs without fail. And it can have a major impact on your finances.

March 20, 2015

Debt

Want To Know How Debt Consolidation Can Save You Money?

Yes, Debt Consolidation Can Save You Money. Here’s how…

But I’m in debt

It can sound pretty incredulous to hear that you can save money when you’re already in trouble financially, and you are directing all your resources towards digging yourself out of that deep hole of debt. I admit, I also didn’t think it was possible. But there is a way you can save money while paying off your debts.

Have you heard about debt consolidation?

Well, even if you haven’t, the term is rather self-defining: you are simply consolidating all your multiple debts into one large debt. This may be done through what is commonly referred to as credit card balance transfers. You move all your balances to one low rate credit card and pay off that one card.

March 16, 2015

General

The Basics Of Selling A Structured Settlement

If you’ve heard the term “structured settlement” before and you’ve always been curious about what it is, basically it’s an amount of money that’s awarded to someone who has experienced a personal injury. Only, rather than getting a large sum all at once, they are given regular tax-free payments over a certain amount of years.

The reason why some people opt to sell their structured settlement is because sometimes their monthly amount is not enough to cover a bill or expense. When that’s the case, they tend to use the following five steps to get more money from the settlement into their hands:

Do some research on structured settlements. When an individual is thinking about selling their structured settlement, the first thing that they tend to do is read as much as possible on the topic. Thankfully, there is a lot of information online that can help you to better understand the pros and cons that come with making this kind of financial decision. One of the websites that offers this kind of information is StructuredSettlement-Quotes. Go to the site and put “pros and cons when you sell structured settlements” in the search field. If you also have any additional questions, it’s always a good idea to speak with an attorney, too.

March 11, 2015

Book Reviews

Think Positively About Your Finances

Written more than five decades ago, Norman Vincent Peale’s book The Power of Positive Thinking contains wisdom that can still be applied in our lives today. The book contains many stories and illustrations of how people’s lives dramatically improved after they changed their way of thinking. Rather than giving in to the struggles in life, these people overcame their issues through faith and changing their frame of mind.

You get what you expect.

According to the author, “It is a well-defined and authentic principle that what the mind profoundly expects it tends to receive.” In other words, if you think you are going to fail, you likely will. The good news is that if you believe that you will succeed, you likely will.

Your thinking affects your whole life.

The way we think about ourselves and the world will determine how well we perform in life. Whether we realize it or not, it is our attitude towards life which is far more important than our circumstances. You may be struggling financially and think it will never end, but don’t give up hope. Instead, believe that you will find a way to get back on your feet again.

March 10, 2015

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