Financial Fitness Friday: Make Your Own Money Tree
I’m Jess, the Marketing & Communications Specialist for Credit Union 1. I’m a writer, full-time mommy, Alaskan enthusiast (hiking, fishing, being eaten alive by mosquitoes – all of it!), and aspiring financial wiz.
If you’re in need of tangible money-saving advice, this blog is a great place to start. That being said, we’re all sort of hoping for a magic answer to financial success, aren’t we? Can’t there just be an “easy” button to wealth? Sorry folks, I haven’t found it yet. However, I am good at finding sneaky ways to grow money, if you’re not afraid to put in the elbow grease!
First, you need to bear in mind my previous advice about the big picture of your finances. Loan rates and repayment, choosing a good financial institution, etc. Nobody’s perfect, so you’re not going to master this stuff overnight (I haven’t) – but keep building your “foundation” as you explore other crazy tricks.
OK, now for the crazy tricks!
There is money in your house…everywhere. Look under your kitchen sink or in the laundry room. See cleaning products? I haven’t purchased those in almost a year. You can find simple recipes online to make your own window cleaner, shower cleaner, floor sparkler and more – and they’re non-toxic. Check out your coat closet. Are there jackets and shoes you don’t use in there? Sell them. Everybody needs this stuff. I consider each loose shoe a $5 bill, and I’m sure you have nicer shoes than me – so charge more.
You and your family eat, right? Dinner is the priciest meal of the day, which is why you need to eat it together. Stock up on cheap staples like pasta, rice, beans – throw something basic on top like chicken or frozen veggies, and you’ll feed a house full of people for under $10. Don’t let your gang go rummaging through the cupboards before mealtime, either, because snack foods are costly.
Check your cell phone usage and consider lowering your plan minutes. Could you get by on an internet plan with less data as well? Trim your plan, save those dollars! “Rollover minutes/gigs” are just a back-handed way of making you feel fine about paying for waste. (Whoa, didn’t realize I felt so strongly about that one until I typed it).
Identify your vice and kill it. Slowly. We all have something we’re seriously wasting money on. My husband is hooked on coffee-stand coffee. I can’t help grocery shopping while I’m hungry and then stopping for fast food. If you’re an unlucky addict of something more serious, cut back for your health and your pocketbook. A friend of mine quit smoking 3 months ago and has since saved over $1,000! Handy smartphone apps can even track your progress and pat you on the back for kicking these costly crutches.
They say money doesn’t grow on trees, but don’t let that theory defeat you. With a creative eye, you can find ways to grow money in all corners of life! I could rattle on and on about this one, but instead, I want to hear the money-saving tricks you use. Comment below!