Holding onto money is no simple task. Between student loans, car payments, late-night pizza cravings, and of course your Netflix account, it may feel like your hard-earned dollars disappear. However, you may not know it, but you have a secret weapon when it comes to saving money, and it may be in your back pocket: your smartphone. Check out these FREE apps that save money, available with the iPhone and Android.
So, you’re brown-bagging your lunch, clipping coupons, and saving your pennies. Now what should you do with your savings? It’s time to do a little planning and settle on your savings goals – both short-term and long-term.
Save Money On Groceries: Just remember that rice is your friend and convenience stores are your enemy
When I first left my parents' home roughly six years ago, I truly became aware of the cost of groceries. Possibly because I am tighter than a coat of paint when it comes to certain things, but a few pricey grocery shopping experiences shortly after moving out made me change my food buying ways. After all, I had to make rent. And I had to pay for college.
High school. College. Internship. Graduation. Job. We all know the typical path to success and the steps we should take to get there. But many students have chosen a more unique direction to success and that often includes attending college at a later age. These students are usually referred to as non-traditional students.
After seven years, I'd saved $13,000 to go to Europe for six months. And though I was leaving my job as the development director at a small literary arts center, I offered to continue writing grants for them over the summer. This was a win for all involved; the new development person wouldn't have to worry initially about grant applications, and I'd have additional income.
Whether it's a $30,000 salary or $130,000, your first "real job" is probably the biggest income change you'll experience. Sure we'll get gradual raises here and there, and maybe even a major promotion or two, but going from an income of nothing to a full time salary is quite a jump.
I remember in college hearing friends say, "I can go out tonight; my student loan refund just came through." At the time, I thought nothing of it-- I even had a boyfriend wait for his student loan money to come through to take me out on a date. To us, a $5,000 loan payment hitting your bank account was just that: $5,000. Who cares what you spend it on? Nice restaurants, new clothes- a big TV; it doesn't matter.
Retirement as we know it began with the introduction of Social Security in 1935, but what will it look like in the future?
I avoided "Wish Lists" for a long time. Something about them seemed, well, wishy-washy. Many of my favorite online retailers placed an "Add To Wish List" button near every item I wanted, making me feel annoyed that anyone could possibly think I'd wait any longer to purchase my $44 turquoise teapot. I'd always click the "Purchase Now" button instead.