Hmmm...

Jul. 6th, 2010 09:02 am
telophase: (Default)
My bank's online portal just added the ability to add categories to your debits and credits, so you can budget and track your spending, etc.

The category it automatically appended to my paycheck is "Charitable Giving."

Money post!

Mar. 7th, 2006 12:58 pm
telophase: (goku chibi)
This post is spurred by the fact that approximately 651287* of you on my friendslist have posted saying you've looked at your finances and need to find places to trim the budget. So this is a place for all of you who have budgeting and saving tips, no matter how big or small, to comment or post links. Even if it's a small savings on the order of pennies - there's people who have mortgages and need to find several hundred dollars a month and people who live with their parents and could do with an extra $5 a month who read this, same for those who want to pay loans off as fast as possible and those who are savign up for some big-ticket item.

So, mine to start with (several I need to do rather then what I've been doing):

  • Rearrange monthly payments in order of interest, and commit funds based on that. I've got enough paid ahead on my student loans that I don't need to give them another monthly payment for five years. So I'm paying just enough to cover my monthly interest so the principal won't grow, and shoving the rest of that money over to my credit-card balance, which has the highest interest rate. Once the credit card is paid off, I'll add that full payment to my car payment, and once that's paid off, I'll move all of the CC and the car payment over to my student loans. Minimizes what I'll be paying in the long run.


  • Bring lunch to work. Put this in the "I need to do this" category, since most of the time I buy lunch on campus or one of the nearby restaurants.


  • And speaking of "I need to" - bring soda/tea to work instead of buying it at the library cafe. I do this 2 or 3 days a week, but it'd be better to do it all the time.


  • Turn the hot-water heater down. This is supposed to save a little bit on energy bills, and god knows my hot-water heaters is currently way too high anyway - I should call the apartment and ask them to do this.


  • Turn off the damn lights! It's hard being an artist - you need to have a lot of light on. I do most of my art at night anyway, so even if my apartment had adequately-placed windows, they wouldn't help. But I typically have a livng-room lamp and the kitchen light on when I'm at my compute doing stuff, and I don't think they're contributing much useful light.


  • Automatic bill payments. This is the saving grace of my credit record; I used to be late on bills all the time, not because I didn't have the money but because I never got around to writing the checks or getting online and transferring the money.



Now you tell me what you do or have heard of to trim costs and save money?





* May not be an accurate count. But it's close.

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