Category Archives: how to save money

Why Renting Items Is A Waste Of Money

Why Renting Items Is A Waste Of Money

Recently I’ve been seeing a lot of ads on television for renting computers, televisions and furniture. At first, renting these items might sound like a good idea – you get an item you need without needing the full amount to purchase the item. But, there are many downfalls to renting these things. Here are 3 reasons why renting items is a waste of money. Continue Reading

Optimizing Credit Cards

Optimizing Credit Cards

While many debate the topic of credit cards, it really is pretty simple: if you can control your spending, use a credit card and get some cash back (or trips, gift carts, etc.). My life is a great example of someone who has become increasingly aware of the benefits of rewards cards and I share it with all of you to shorten the learning curve for all of you. Learn from my mistakes and start using credit cards the right way. Continue Reading

Reasons You CAN’T Save Money

Reasons You CAN’T Save Money

Who doesn’t splurge? Giving in once in a while is one thing, but lying to yourself and saying that saving money is impossible is another thing – we don’t need another list of excuses why people can’t save money, do we? To overcome this, I’ve come up with a list of reasons why people can’t save money. They’re very basic, but I’m hoping that by listing them out, it will allow those of you who are struggling to save money to see your problem and overcome it. Have a problem saving lots of money? Well, try self-diagnosing your problem… Continue Reading

How to Grocery Shop

How to Grocery Shop

In a previous post, I talked about the benefits to learning how to cook. If you are interested in learning how to cook, then you are going to need to know how to grocery shop. You might be thinking that grocery shopping is rather easy to do. The actual task of grocery shopping is easy, but I am going to show you how to grocery shop and make it worth your money. Continue Reading

How We Are Planning to Save MORE Money

How We Are Planning to Save MORE Money

Habits are hard to break. Yet, every once in a while you will find inspiration to take a second look at your budget with an open heart. That’s what’s has happened to me recently. I’m motivated to save more money so that I can direct my spending how I want to (instead of being a slave to my money). My wife and I just talked about ways we can save more money, and I am really excited to share them with you. But first, the motivation behind the change. Continue Reading

How to Handle Friends Who Are Bad With Money

How to Handle Friends Who Are Bad With Money

I was out recently with some of my friends and we were talking about going golfing next weekend. Out of the blue our one friend said, “yeah, I can’t go. I don’t have any money.” We’ve all been there before, where an unexpected bill comes along and we need to scrape some funds together to pay it. From then until our next paycheck, funds are tight and we have to cut back. What concerned me was what our friend said next. He went on saying that he just cannot save money. We knew he wasn’t the smartest when it came to money, we just didn’t know it was so bad. So how do you handle a friend who is bad with money? Below are three tips that will keep the relationship and not put you in the red. Continue Reading

Save for a Home Down Payment OR Invest for Retirement

Save for a Home Down Payment OR Invest for Retirement

My wife and I hate the idea of renting forever and we want to buy a place of our own. Originally, we thought that buying a place of our own would be more affordable in the new city, but we soon realized differently. Because we want to live close enough to downtown, it’s going to cost us a pretty penny. While my wife and I recently started earning a little extra income, we’re far away from having enough for a 20% down payment. Since I want to buy our own place sooner rather than later, this means one thing: operation save down payment. Continue Reading

How to Break a Spending Habit

How to Break a Spending Habit

Ever since college, I’ve had a bad spending habit – or an addiction, if you will. In the early years I didn’t see it as an addiction – instead it was something that made my life more valuable. Unlike other people’s bad habits, this one did not ruin my health or cause me to go into debt, but it did cost me thousands of dollars. If I haven’t built up the suspense long enough, my addiction was buying Continue Reading

Money Myths: Timing Expensive Replacements

Money Myths: Timing Expensive Replacements

I’ve been at this blogging thing for a long time now. I’ve spent a lot of this time thinking about the Great Money Adventure and what, exactly, separates those who are successful with money from those that are struggling. I’m not talking about obvious things, like how you need a budget and to quit wasting your money on buying loads of useless stuff. These are things most people know even if they have trouble following simple tenets of money management. I’m talking about common myths people hold about financial decision-making that cause financial hardship. Continue Reading

What Would You Do with Extra Money?

What Would You Do with Extra Money?

It was just yesterday that I received an email from my supervisor, asking if anyone in our department wanted to work a midnight shift during finals week at the University where I am currently employed. Being a young, ambitious employee (I like to play to my strengths that my youth provides for me) I had already volunteered for another shift. I was extremely hesitant to work a 6 hour shift from 2am-8am, but I decided to do it because a little extra money is always nice. The big dilemma when it comes to agreeing to work this shift is what to do with my extra money? Continue Reading