Money Savings Tips

Home & Garden

Why You Should Consider Buying Over Renting

There are a lot of situations in which renting might be the best option for you and your family. Renting can be great if you are unsure you want to settle down in a particular area or you enjoy relinquishing the responsibility of maintenance. However, if you have the opportunity to consider buying and owning a home, it could yield many benefits for your future!


Owning A Home Helps You Build Equity


When you pay your rent monthly, you are not working towards owning your home. But monthly payments on your mortgage will put you one step closer to owning a home and gaining value from such a large asset. This opportunity to build equity is the greatest benefit that comes along with buying versus renting! One day you could be looking at a home that is completely yours!

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Money Savings Tips

Spend Carefully with Your Credit Card

Money Saving TipsWhen paying for goods and services, the modern world of consumer technology is always moving in the direction of more efficiency and ease of transactions. From the advent of merchant processes for checking out, to online shopping, to the now popular tap-and-go form of payments, it is apparent that the check out process in any business service and industry is becoming easier. With the rise of efficiency, this goes hand in hand with the rise of spending, and profits, so there’s no wonder that businesses are getting on board in the latest technologies for their business procedures.


In related to spending habits of people with these new technologies, the rise in spending is correlated to the ease of paying with credit cards. In the use of cash, this tangible payment method is something that people can visually see and touch and know when it is leaving their wallet. In a credit card based payment, people are more cut off from the effect of spending, and therefore, generally spend a lot more.


Quite a few studies have been dedicated to examining this trend of spending more with credit cards. When researching the notion of impulse buying, it was found that people who pay with cards are less likely to be hindered from the instant gratification of paying. When cash is involved, there is a larger chance of people being pulled out of this mindset and thinking on the purchase more. Another study indicated that when people assess the benefits and costs of a purchase, those that pay with credit cards are more likely to focus on the benefits over the costs. This makes sense, as in the credit card functioning, the cost is something we think about later, when we receive the bill at the end of the month.


Since it is apparent that the ease of using credit cards leader to greater spending, then for those shoppers on a budget, it is advised to try out switching your card for cash, or to keep tabs with your spending by using tools such as an application on your phone to follow your spending behavior as you buy.

Money Savings Tips

10 Easy Money Habits To Help You Save Today


auto pay plus mortgage savings Staying on budget and saving can seem virtually impossible when everywhere we turn there appears to be some sort of expense. How do people really do it? How do you gain the perseverance needed? Well, budgeting can actually be quite simple. That is, as long as you are actually committed.


Here are ten budgeting and savings tips are that can help you save money today for a more stable financial future. We’re not suggesting you simply eat once daily and to sell each of your belongings. These are realistic and practical saving practices that you’ll unquestionably want to commit to if you’re saving or organizing a budget.


  1. Sit Down With Your Money

Have weekly spending updates. Did you spend more than you budgeted on food or entertainment? Analyze for any unexpected costs you didn’t factor in. Informing yourself on your financial status weekly will keep your budget on track. Have your spending mapped out on a goal-oriented course.

  1. Cut Out Cable

With the numerous inexpensive streaming services obtainable, such as Netflix, Hulu, or Amazon Prime, cable appears to be yet another expense you could let go of. Cable prices will only grow and are projected to increase to an average of $123 per month or $1,476 per year. That’s a big sum of money that can be saved for other financial ambitions.

  1. Save On Food

Food is a necessity that you can’t cut out. Nevertheless what you can cut is your spending habits. There are multiple ways to save on food expenses, which you probably hadn’t thought of or simply committed to. For instance, plan your meals for the week and cook, plan a potluck with friends rather than going out, or make coffee at home. Dollars spent on a meal here and there really add up, so it’s all about making a plan.

  1. Travel Financially Smart 

With contemporary leverage lodging rental websites like Airbnb, Travelmob, or Housetrip, you will often discover a place to stay on vacation for a fraction of hotel prices. Moreover, renting places with a kitchens that you actually cook in, can save you more mony; and you can rent out your place at the same time (more money!).

  1. Work More

This tip looks obvious, but if your job permits it, be sure to do it. Or obtain a side job or freelance. This also leaves far less time for spending. 

  1. Wait 48 Hours Before You Click “Buy” 

Stop buying things on impulse. Especially in the period of digital shopping, wait 48 hours before buying anything. You’ll often grasp that you don’t really need that extra jacket.

  1. DIY

There are various “do it yourself” instructionals online to help you either fix things, create original presents, or make household beauty treatments. You can save money and learn a lifelong talent.

  1. Impress Yourself, Not Others

Learn to be impressed by your savings progress instead of struggling to keep up with other people’s spending. Because someone has bought a new car or purse doesn’t mean that you need one. Impress yourself with your financial saving abilities.

  1. Chill With Your FOMO

The same concept can be employed with the “fear of missing out” or FOMO. Just because your friends are going out for drinks, doesn’t mean you have to. You’ll ultimately be happier with your savings accomplishments and be less upset over a missed party.

  1. Don’t Get Discouraged

If your savings don’t look to be rapidly increasing, that doesn’t mean you should give up. Start by making small steps and soon you’ll create a habit and then a lifestyle out of saving. Saving one percent more is better than saving nothing, so do your best and stick it out to reach your goals.