Live Within A Budget And Still Happy

  1. Renegotiate Your Terms: Now and then, it’s good to evaluate all of your recurring bills. Make a call and see if you are getting the best deal possible. Seriously, sometimes all you need to do is ask! It’s also a good idea to check with a competitor. You may find they have a much lower price and it’s worth the switch. Even when you don’t ultimately end up changing providers, checking with a competitor could give you leverage with your current company on lowering your rates. One mistake people often make is not reviewing bills such as insurance premiums after life changes. Who knows, you may have way more coverage than you need. Review these types of bills annually to avoid overpaying.
  2. Stop Paying Money in Fees: Many fees come from financial institutions like Banks, ATMs and credit cards. Avoiding them takes careful planning and sometimes will require you to make a change in your banking institution. If you often get stuck with bank fees or those dreaded, expensive overdraft fees, you may want to change banks or even switch over to a credit union. A lot of credit unions and some banks offer overdraft protection and will transfer money from your savings when you run out of funds in your checking. This can really help to avoid accidental overdrafts. Extended warranties are another type of fee you can usually avoid. It feels safer to add this, especially for big ticket items like computers or cars but research whether they are actually doing you any good. Is there a manufacturer’s warranty? Keep in mind by paying with a credit card you do get some built in consumer protections with your purchase. Don’t ever buy an extended warranty if you don’t know exactly what it covers. When you go to use it, you may find it doesn’t cover the entire cost of the purchase or it may take more time that you are willing to wait to get your item fixed or replaced.
  3. Find Creative Ways To Pad Your Income: Budgeting isn’t always about finding ways to not spend money. A great way to save more money is to simply make more of it! With the current technology landscape, it’s easier today than at any other time to find creative ways to make more money. If you have a car, you could become an Uber driver in your spare time. Going out of town? Rent out your house or your apartment on Airbnb. You may be able to sell some things you don’t need on Craig’s list. You know what they say, “one man’s trash… ” If you’re crafty, you can make things and sell them in an Etsy store. The coolest thing about the Internet is that it’s possible to connect with people even if they are a great distance away, which makes you so much more likely to run into someone who is buying what you’re selling.