One of the best ways to stay frugal is to keep track not only what you are spending on an everyday basis, but also what you are earning. It is easy to figure out your gross pay, but how much will you actually take home on a given salary? This website allows you to calculate exactly how much will end up in your pocket after paying the tax man.
Long term investing is all about ignoring the ups and down. Stick to your strategy and keep up contributions even during these downturns, and you will be able to get in low.
This post is part of the 365 Days of Frugality Series. Every day, there will be a new tip on how to bring frugality into your day-to-day life. Check out the postings so far here.
This one takes some planning, but in today’s age, reducing the amount of time that your spend in the car is beneficial in more ways than one. Not only do you spend less money on gas, you also save on wear and tear on your vehicle and help to save the environment in the process. Yes, I know that this has very little impact on the environment, but every little bit helps. In addition to these reasons, if you have a set list of chores and have the locations set out, you will be less inclined to make impulse purchases throughout your trip, which are often unnecessary.
Great article on some unconventional ways to use points. It highlights booking lift tickers through the ultimate rewards portal. This would be a good way to use the Chase Sapphire Preferred bonus.
Cutting the cord? Great resource for watching tv on a computer.
Coupon for $10 off your first purchase at Vitacost.com. This website allows you to purchase vitamins and other nutritous foods and have them delivered right to you door!
Great calculator for determining whether it is best to rent or buy a house given your situation. Also cool to see how each factor plays into the determination.
Manufactured spending can be defined as spending money without actually spending money. In other words, the credit card company thinks that you have spent the money, but you have not actually spent any cash, as the money was simply transferred to another form of currency. Manufactured spending is most often used to obtain credit card reward points, either through regular rewards when spending, or bonuses after hitting a certain amount of spending within a time frame.
For example, one form of manufactured spending has been to send money to another party through Amazon payments. When this occurs, the amount will be charged to your credit card, and the money will be made available to the party of your choosing. This is applicable to manufactured spending, as you can simply send the money to a friend, have the friend write you a check for the amount of the spend, and then this money can be applied to the credit card that was used to send the money using Amazon payments. All in all, this results in $1,000 in spending on your credit card without much work at all.
Manufactured spending can be used to hit sign-up bonuses for credit cards that would be out of the range of your regular expenses. For example, the Chase Sapphire Preferred often has a bonus of 40,000 points after spending $3,000 in the first three months. Even if you don’t have enough expenses to reach this spending amount in the time period, manufactured spending can help you reach this goal and you can obtain this lucrative bonus, which is worth upwards of $500 in travel rewards. See this post for some common manufactured spending techniques.
Overall, with some creativity and planning of purchasing, along with manufactured spending, you can be on your way to rewards in the form of free all inclusive travel and cash back.
Raise is a service where you can buy and sell merchant gift cards. I recently had luck selling the gift card that I earned through the purchase of a TV through dell.com. It was an easy way to make $100 on a $125 gift card that I would not have used otherwise.
Sign-up through this link to get $5 of free credit through the website.