Mishka’s Moneysavers Part 4

by Frugal Finder

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Mishka’s Moneysavers Part 4

9. If you haven’t already, check with your utility and service companies about whether or not they have a monthly saver plan. Many companies will review your last 12 months of service and calculate a monthly average so you pay that set amount every month. That means that in low-use months you are still paying that higher averaged amount, but in months of extreme temperatures when your heat or a/c are running daily, you won’t be hit with hundreds of dollars due at the end of the month.

10. Save your change. There are banks that now have programs where they round up your debit purchase amounts and deposit the change into savings. I prefer the old-fashioned way. My husband and I regularly empty pockets and purse of coin change to put into a jar. When my husband travels for work, he makes a point of saving the change in the pocket of one of his bags. It doesn’t seem like a lot, but $60 -80 at the end of each month is a nice contribution to our emergency fund, that at one time paid all the expenses of a tire blow-out on the interstate when our funds were low.

11. Don’t use credit cards to purchase consumables. If you are still paying interest on the cup of coffee and newspaper you bought 6 months ago, you will never get ahead. So start by determining the difference between your needs and your wants, and save your money to pay cash for the wants. If you are in the habit of using credit cards to pay for groceries, make sure you can pay the balance in full at the end of month, or can live with paying interest months from now on that toilet paper you just flushed this morning.

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