Life hacks are a popular way of making things easy for people. Hacks for cooking, technology, fitness and other everyday challenges. If you are using life hacks to cook and lose weight easy, why not save money and get a good credit score in the process? Yes, you can do it too! Here are a few life hacks for those who want to get ahead financially.
Life Hacks for the Financially Savvy
Leave the plastic behind. Unless you are buying something specific that will need to use your credit card then you should leave it behind. Remove it from your wallet so you don’t see it every time you pay. This greatly reduces the temptation of buying something on a whim.
Check Interest Rates Annually. As you probably know interest rates vary from time to time depending on the country’s economy. Be sure to check prevailing interest rates on a yearly basis and see if you can get better loan offers. If you find something better you can also ask your current provider if they are willing to match or even offer something better.
Auto-savings. Sometimes even if you have the best intentions in mind you have a tendency to forget. Create an auto debit that goes directly to your savings. This makes sure you are saving something every time you get your pay.
Cook and Detox Financially. You may already have life hacks for cooking, well here is a double-decker. Cook your own food instead of eating out or buying TV dinners, you will be eating healthier because you know exactly what’s in your food and you will be saving money because it will be cheaper too. Try this for 30 days and think of it as a financial detox. Eating out and buying ready to eat meals cost almost double than if you prepared the food yourself.
Hit the unsubscribe button. Every time eBay or any other online shopping site sends you an advertising email you are sorely tempted to check it out. This leads to your buying things that are on sale even if you don’t need them. Unsubscribe from those shopping sites and if you are a member remove your credit card details. If you need to purchase something online, something really important, then you can re-add your details.
There are a whole lot of other financial life hacks that you can learn and those can help you get ahead financially. Each can help you every day in managing your finances so in the end you not only save but you also clean up your credit report card. Take them to heart and you can take your savings all the way to the next level.