6 Powerful Easy Tips for Living Debt Free.
Whether you are a new entrepreneur or a more experienced business owner, taking control of your finances can feel like a hard and time consuming job. However, here are some very simple-easy tips; yet very powerful tips for saving money, organize your finances, and reduce the stress of business money matters.
1. Keep Your Bills in One Place
One of the significant tips on how to save money is to make sure that you put everything in one place. Missing bills can be the cause of late fees and can decrease your credit rating. And if you get a lot of mail, use an area that won't get filled up too quickly.
2. Pay Your Bills on Schedule.
One of the easy ways to save money is to simplify your payment process if it's done at scheduled times during the month. Depending on how many bills you receive, you can establish set times each month when none of your bills will be late.
3. Reading Your Credit Card Statement is a Must.
On the one side, low interest credit cards offer an attractive offer that every one likes to get. However, on the other side, they usually start with a low interest to attract more customers and increase it gradually. Therefore, a wise advice from a money saving expert is to read your statement very carefully before your pay pack your bill and then switch to another offer if the interest is getting much higher.
4. Do Not Ignore the Benefits of Automatic payments.
Paying back your bills using an automatic payment option involves one of the significant tips for saving money. This is especially effective because many creditors reward you by offering a lower interest for your bills if you pay back using this automatic option since they are going to get their money faster and on time.
5. Get Overdraft Protection.
Guarding yourself against an over drafted bank account is really one of the easy ways to save money. Most banks offer you the chance to switch the payment source for you in case you suffer from the risk to bounce a check. They do it of course in an exchange of a fee, which is in any case less than the fee you would pay incase you do not pay your check. Contact your bank for more details.
6. Consolidate Your Accounts.
Account consolidation is one of the must tips on how to save money. If you have several credit card accounts with outstanding balances, try to consolidate them into one. Also, make a list of all your accounts to see if any consolidation can be done. Keeping your money in fewer places eliminates all of the guesswork involved and reduces errors.
1. Keep Your Bills in One Place
One of the significant tips on how to save money is to make sure that you put everything in one place. Missing bills can be the cause of late fees and can decrease your credit rating. And if you get a lot of mail, use an area that won't get filled up too quickly.
2. Pay Your Bills on Schedule.
One of the easy ways to save money is to simplify your payment process if it's done at scheduled times during the month. Depending on how many bills you receive, you can establish set times each month when none of your bills will be late.
3. Reading Your Credit Card Statement is a Must.
On the one side, low interest credit cards offer an attractive offer that every one likes to get. However, on the other side, they usually start with a low interest to attract more customers and increase it gradually. Therefore, a wise advice from a money saving expert is to read your statement very carefully before your pay pack your bill and then switch to another offer if the interest is getting much higher.
4. Do Not Ignore the Benefits of Automatic payments.
Paying back your bills using an automatic payment option involves one of the significant tips for saving money. This is especially effective because many creditors reward you by offering a lower interest for your bills if you pay back using this automatic option since they are going to get their money faster and on time.
5. Get Overdraft Protection.
Guarding yourself against an over drafted bank account is really one of the easy ways to save money. Most banks offer you the chance to switch the payment source for you in case you suffer from the risk to bounce a check. They do it of course in an exchange of a fee, which is in any case less than the fee you would pay incase you do not pay your check. Contact your bank for more details.
6. Consolidate Your Accounts.
Account consolidation is one of the must tips on how to save money. If you have several credit card accounts with outstanding balances, try to consolidate them into one. Also, make a list of all your accounts to see if any consolidation can be done. Keeping your money in fewer places eliminates all of the guesswork involved and reduces errors.
About the Author:
Are you still struggling in the hope that you may have a living debt free? Let us put an end to this. Finally, uncover all the unknown weapons and tips for saving money written by a 25 years old millionaire who owns a business that makes him up to $40,000 per month. Why you do not copy him?
posted by Credit Counseling at
4:02 AM
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