I think I’m going to start giving out missions to y’all and see what comes of it. I bet if we spend 30 seconds really thinking about how to accomplish them, we could do a lot of good for our wallet! And something I come up with will almost ALWAYS be different than what you find – so we all learn from each other :) Nerdy fun, right?
Today’s mission is simple: Save $5.00 by the end of the day, and then let us know how you did it!
It can be as creative, or as boring, as you like – so long as you DO IT. Accept my challenge, and consciously find a way to save Mr. Abraham Lincoln today! I’ll do the same, and then we’ll recap what we’ve come up with later. I need some ideas, so start sharing!!! :)
-J to the Money
And PS: Copying others ideas is smart – not cheating. If it saves you $5.00, do it!
UPDATE: Some of the ideas being passed around:
- Making your own lunch/dinner at home
- NOT going to Starbucks! (always a popular one)
- Sell something at home (Love it!)
- Using coupons
- Calling in refund requests! (Clever!)
- Not drinking nightly beer (booooooo)
- Taking out all $1 bills and coins at the end of each day! (VERY smart. Commenter Chris has already saved $40 this week doing this!)
I was able to save $10 by being taken out to lunch today (Thanks Kiplinger!), but then I failed miserably and bought an HD camcorder for $200… but it was a business expense for Love Drop so it doesn’t count, right? RIGHT?!!
Bonus tip: Find a good "balance transfer" offer to help pay off debt faster!
If you’ve been making payment after payment (on time) and still haven't been able to get your debt under control, snatching up a good balance transfer credit card offer may be the ticket to try. That’s where in order to gain your business - credit card companies will let you transfer your existing debt to a new card and let you pay ZERO PERCENT interest on it. Saving you tons every month!
What's the catch? Usually balance transfer cards charge a fee (around 3% of your debt balance) to let you transfer your balance to their 0% interest offer. But we've found a great credit card that will let you do a balance transfer absolutely free. Click here to learn more and see if you qualify!
PS: If you don't trust yourself with another credit card, ignore this! This strategy is to help you get out of debt quicker, not risk adding more to it.