Financial Literacy Month

Financial Literacy Month – Tip #11

Trash or Treasure

Here’s the tip from June 16 -Selling or Donating month:

This is a book I highly recommend, Trash or Treasure: Guide To The Best Buyers by Tony Hyman. I bought this book years ago and it has paid for itself many times over. After cleaning out a family house, I sold a metal toy steam shovel for $500 to one of the collectors listed in the book who drove over three hours to see the toy.

To purchase a copy of either of my books Thrive In Five: Take Charge of Your Finances in 5 Minutes a Day or 111 Ways To Save

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Financial Literacy Month – Tip #10

Collectibles

Here’s the tip from June 15 -Selling or Donating month:

If you have been collecting things for years but no longer want them, they may be very much wanted by other collectors. Check out the internet to find collectors groups in your area where you might be able to sell your collection. Or if you don’t need or want the money for your collection, consider donating your items to a local museum or some other institution that may want to include your things in their display.

To purchase a copy of either of my books Thrive In Five: Take Charge of Your Finances in 5 Minutes a Day or 111 Ways To Save

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Financial Literacy Month – Tip #9

Selling

Here’s the tip from June 8 -Selling or Donating month:

There are many ways you can sell unwanted items. Possibilities include consignment shops, thrift stores, online selling or classified ads, tag sales and auctions. You need to determine first if you want to do all the work and have the time or is it best to delegate to someone else. Today you need to think about your situation.

To purchase a copy of either of my books Thrive In Five: Take Charge of Your Finances in 5 Minutes a Day or 111 Ways To Save

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Financial Literacy Month – Tip #8

Savings Accounts and ATMs

Here’s the tip from March 28 – Saving More month:

One thing that I have learned over the years is not to have my savings account linked to my debit / ATM card. That way, if I want to make an impulse purchase, I have to put some thought into it and move money either online or at the bank. This delay usually makes me think about the purchase and talk myself out of it.

An added benefit to this is if your card is stolen, the thief cannot access the money in your savings. This is a good thing since most of us keep our money in savings versus checking accounts

To purchase a copy of either of my books Thrive In Five: Take Charge of Your Finances in 5 Minutes a Day or 111 Ways To Save

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Financial Literacy Month – Tip #7

Automatic Payment

Here’s the tip from March 27 – Saving More month:

Have you ever said to yourself that I will save whatever is left over after I pay my bills? I know that I have. If you are like me, there was no money left over. Big surprise! It’s like when you get a raise and you have no idea where the extra money has gone.

The age-old way to save is to set up automatic savings money. Have an amount taken out of your paycheck and deposited directly to your savings account. The money is gone before you get your hands on it. If your company doesn’t offer this, that’s not a problem. You can have an amount set up to be withdrawn from your checking account on a regular basis. The benefits are that you are saving without effort on your part and the money isn’t in your checking account so you can’t spend it.

To purchase a copy of either of my books Thrive In Five: Take Charge of Your Finances in 5 Minutes a Day or 111 Ways To Save

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Financial Literacy Month – Tip #6

Movie Night At Home

Here’s the tip from March 17 – Saving More month:

How about a movie marathon at home? Go to your local library and borrow several movies and then have popcorn and beverages in front of your TV. Or if the library doesn’t have what you want, you could rent them at your local grocery store movie kiosk for a minimal cost. If you are a Netflix member, that will work if you have a compatible game console.

Think about ways you can have fun with minimal or no money. Make your list today and then plan those times into your calendar and invite friends to join you if you want.

To purchase a copy of either of my books Thrive In Five: Take Charge of Your Finances in 5 Minutes a Day or 111 Ways To Save

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Financial Literacy Month – Tip #5

Borrowing / Sharing

Here’s the tip from February 19 – Reduce or Eliminate Bills month:

Can you borrow something versus buying it? When I started my first company I shared space with a friend who was starting his company. To save money, we each bought one piece of office equipment. I bought the fax and he bought the copier. So when I needed to copy something, I would use his copier and when he needed to fax something he would use mine. A little creative thinking saved us money. What can you borrow versus buy? Your local library is a great place to start.

To purchase a copy of either of my books Thrive In Five: Take Charge of Your Finances in 5 Minutes a Day or 111 Ways To Save

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Financial Literacy Month – Tip #4

Lower Your Car Insurance

Here’s the tip from February 4 – Reduce or Eliminate Bills month:

Did you know that you can lower your car insurance by taking a safe driving class? I took a safe driving class and was able to lower my car insurance premium. For me, I took eight hours of classroom time (that’s the Connecticut requirement for the class) at a cost of $16 and was able to save $100 per year for the next three years. I even learned a thing or two. Check with your insurance company to see how much you can save, then schedule a class near you.

To purchase a copy of either of my books Thrive In Five: Take Charge of Your Finances in 5 Minutes a Day or 111 Ways To Save

#JillRussoFoster #30WaysToSave

Financial Literacy Month – Tip #3

Use Cash

Here’s the tip from February 1 – Reduce or Eliminate Expenses month:

Use cash – sounds simple enough, but can you do this? When I say cash I mean the actual bills and coins, not a debit card. Using cash for your purchases makes you have to think about what you are purchasing, the cost and how much money you have with you. You can’t spend more than you have with you!

Try this – what have you go to lose? It really stops the impulse shopping and makes you think about your purchase. In addition, I personally find that if I have large bills in my wallet, I am less likely to break a $50 or $100 to make a purchase than if I am carrying smaller bills.

To purchase a copy of either of my books Thrive In Five: Take Charge of Your Finances in 5 Minutes a Day or 111 Ways To Save

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Financial Literacy Month – Tip #2

Unseen Bills

Here’s the tip from January 28 – Analyze Your Bills month:

These are those bills that you don’t get in the mail. Those things that you are set up to automatically renew. The service will tell you that they take the hassle out of remembering to pay by setting automatic payments up for you. Yes, they do take the hassle out of it for you. But, the other side is that you might not remember this bill and therefore don’t look at it to cancel it or to shop around for a cheaper service. Examples of this can be subscriptions and memberships. Today, think about what you have in your life that happens automatically. Is it that gym membership that you bought last January that you don’t use? Is it the magazine subscription that renews automatically and is billed to your credit card? What’s happening automatically in your life?

To purchase a copy of either of my books Thrive In Five: Take Charge of Your Finances in 5 Minutes a Day or 111 Ways To Save

#JillRussoFoster #30WaysToSave