Wednesday, June 26, 2013

Wealth Building Part 2

Wealth Building Part II
Let’s face it American’s love to spend and consumerism is alive and well. We can however, find creative ways to get the things we need and want, without breaking the bank. Here are 5 ideas that might work for you and your family:
  1. Cut back on your biggest money drain. Do you pay for unused cell phone services, subscribe to extra cable stations you don’t need, (especially in the age of HULU and NETFLIX), or spend too much on food that ends up getting tossed away? When was the last time you reviewed ALL of your insurances? Home, Health, and Auto insurances have a way of creeping up over time just becasue the insurance companies think you are not looking. Take a few minutes to review this items and determine if you really need all of what you are paying for, and shop around to see if you can find better rates when your contracts and policies come due.
  2. Research your purchases. Take a trip to the store to see an item in person and choose the model, color or size that works for you. Try it out or try it on to find the item that suits your needs, then do your research online. This way you can find the lowest price for the desired item, and you won’t have to spend money shipping back items that don’t meet your expectations. Don’t forget to check out discount and coupon sites to see if you can reduce your price even further.
  3. Speaking of the internet, check out some money saving sites, such as Restaurant.com, and Gift CardGranny.com. Restaurant.com offers dining discounts at local restaurants. Buy a $25 certificate for $10, or a $75 certificate for $30. There are several different denominations, and many restaurants to chose from, making for big savings. Giftcardgranny, and several other similar sites are gift card exchanges. They purchase unused gift cards and sell them for less than face value. For example, you can purchase a American Eagle gift card for 23% less than face value. Keep in mind that deals change daily and that most of the cards need to be mailed to you (at no cost). You can sell your unused gift cards on these sites as well.
  4. Plan ahead. Don’t wait until airfare goes up, or you have to use a credit card to purchase a special occasion gift. Set aside a bit of cash each week or month. You are much more likely to stick to budget if you have set aside a fixed amount to spend rather than anaesthetizing yourself by pulling out the plastic later.
  5. Spend less on the weekend. The majority of us break our budgets on weekend activities, so why not try some free or inexpensive ways to enjoy your time off. Find free local events like concerts or movies in the park. Or how about learning something new. Take a free home improvement class at Home Depot, or learn a new skill on YOUTUBE. There are many classes and videos to choose from, no matter what your interests are. You can also host a movie night or potluck at home, visit the library or take a tour of a factory. (you can find free or low cost tours at FactoryToursUSA.com).

    Spending thoughtfully doesn’t mean enjoying life less. Get creative, think before you spend and enjoy your time at least as much as you enjoy your money.


    It's a Good Life!!!

    Greg Novak MBA
    NMLS # 329079
    Vice President / Partner
    American Mortgage
    Cell - 386-846-6686
    Office - 386-756-8228
    Fax - 386-756-8108
    Website - www.AmericanMortgageNow.com

    Oh, by the way, If you know someone who is thinking about buying or refinancing a home, please give me a call with their name and number, I will be happy to follow up with them for you.

    FLORIDA- American Mortgage Loan Services, Inc. - NMLS Company ID 330596

No comments:

Post a Comment