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Thrive in Five: 5 Money-Saving Tips Heading into the New Year

Thrive in Five: 5 Money-Saving Tips Heading into the New Year

Set Yourself Up for Long-Term Financial Success with These Savings Tips

money saving tips

If there’s one thing 2020 taught us, it’s that having money saved up for unexpected circumstances is important. One of the smartest things we can do as a society is to learn from our mistakes. Don’t go into the new year with the same financial stress. Below are five easy money-saving tips that can go a long way in helping you achieve your financial resolutions.

Eliminate Impulse Purchases

If you’ve been dying for that one special thing and feel like you can resist no longer, may we suggest putting it in your online shopping cart and sleeping on it before making the purchase. Often, taking a little extra time to really think about potential purchases gives you the clarity you need to cut out spending on unnecessary items. In general, the larger the price tag, the more time you should give yourself to make the final decision. Try this with any non-essential purchases in the future – you’ll be surprised at how often you end up changing your mind.

Sell Unwanted Items for Cash

Almost everyone has items lying around the house that they haven’t touched in years. A good way to clean your house AND make money is to stop throwing away old or unused items and instead sell them online for cash. Many websites such as eBay, Craigslist, and Facebook allow you to post used or unwanted items and sell them for profit. A buyer gets what they were looking for, and you get extra pocket change. It’s a win win!

Some items that often sell easily online are old kids’ clothes, toys, and electronics. In fact, it may surprise you to see that almost anything can be sold online. Old magazines, books, and even outdated home decor will sell. As the saying goes, one man’s trash is another man’s treasure. Getting the extra cash you need may be as simple as cleaning out your attic or basement.

Pay Your Bills on Time

While spending money on bills sounds counterintuitive to saving money, paying your bills on time actually helps your long-term financial success by improving your credit score. A good credit report means that acquiring loans in the future will be easier, and often your payments will be lower. Plus, you’ll avoid hefty late fees when you pay bills on time each month.

Check with your bank or financial institution and see what options they offer to make automatic bill payments. This is the simplest way to make sure you’ll never be late for another payment again. The more on-time payments you have, the better your credit score will be.

Pay Less for Prescription Drugs

For many Americans, one of their biggest monthly expenses is medications. Before your next visit to the local pharmacy, check out online prescription drug suppliers, such as GoodRx or OptumRX. On these sites, you’ll find many discounts on a wide variety of prescription drugs – some are even discounted as much as 80%! By using one of these sites, you’ll never overpay for prescriptions again.

Get a Kansas City Title Loan

While all of these tips are great, most of them take a little bit of time to really add up. If you need extra cash fast, short-term loans, like a flex loan or car title loan, might be the best option for you. Getting title loans in Kansas City is quick and easy. Flex loans and title loans both utilize your car as collateral to the loan itself. All you need is the title to your car, a valid photo ID, and a few other simple items, and you’re on your way with cash to spend as you see fit. When it comes to low credit lending, Midwest Title Loans is the best of the best title loan lenders. We’re here to help you get back on your feet quickly, no matter what financial hardships you may face. Call us today, or visit one of our four convenient locations in Kansas City, KS and Kansas City, MO.

 

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