STYLE. COMMUNITY. GREAT CLOTHING.
Bored of counting likes on social networks? At Styleforum, you’ll find rousing discussions that go beyond strings of emojis.
Click Here to join Styleforum's thousands of style enthusiasts today!
Styleforum is supported in part by commission earning affiliate links sitewide. Please support us by using them. You may learn more here.
Use your credit card wisely. Never charge any more than you can FULLY pay at the end of the month. You will otherwise be stuck in a viscious cycle of more debt and more interest on that debt.
I don't get this anti-credit card sentiment. I actually go out of my way to pay for every single possible transaction using my credit card because: a) it gives me an easily traceable record of my spending that can be cross referenced by keeping an archive of old receipts and b) I have a rewards card that gives me an (admittedly small, but still worthwhile) amount of cash back for every purchase I make with the card. Paying cash regularly would make it much more difficult to keep tabs on my spending and would cause me to miss out on the various rewards a good incentive-laden credit card can offer. I've had a credit card since age 18 and have never made a single late payment nor paid any balance in less than the full amount in my 5-6 years of usage, so all that APR/interest/debt/whatever junk is irrelevant for me.
I don't know if this was directed at me or in general, but I always pay off my balance in full at the end of the month. I have never accrued any interest on my card. I know people who are still paying off purchases they made a year ago, and it seems foolish to me.
Unfortunately, intelligence nor discipline are not prerequisites for owning a credit card. And for some people the idea of paying later what you can't afford today is very very attractive. I myself, though prudent with my expenses, have fallen for this more than once. What I'm saying is, if you're seriously trying to save money, leaving your credit card at home when stepping out is a good way to stop unnecessary spending if the temptation arises.
I'm trying to cut back on living expenses to pay for home renovations, and am interested in suggestions you have to save money. I'm interested in any and all thoughts, from "Get rid of your landline" to "only drink Bud Light when going out" to "buy cereal by the truckload at Costco." I've already gone cold turkey on clothing and shoe purchases, so no need to mention that obvious one.
Set aside a small amount of your paycheck when you receive it. I put aside $20 every 2 weeks for a fund I'll use when I finally take that trip to Italy I've always wanted.
I'm trying to cut back on living expenses to pay for home renovations, and am interested in suggestions you have to save money. I'm interested in any and all thoughts, from "Get rid of your landline" to "only drink Bud Light when going out" to "buy cereal by the truckload at Costco." I've already gone cold turkey on clothing and shoe purchases, so no need to mention that obvious one.
Don't get addicted to home renovation.
Stop reading Styleforum and others! They just give you ideas!