Extra Money – Where Is It?

I’ve always said that your credit profile is affected by your ability to pay your bills.  So… if you’re having current credit challenges, it may be a good idea to look at how you’re spending money.  Sometimes, it’s not a credit repair issue, it’s a budget issue. 

Here are ten suggestions to save money during the month:

1.  Cash in all your unused items.  We all have things we’ve bought that we either no longer use or we never had a use for in the first place.  Get these sold online, in classifieds or at yard sale.  Do not buy more things that you will never use.

2.  Join a library and never have to buy a book again. Read all the best sellers for nothing.

3.  Cut out the takeaways and pizza deliveries.  Make your own food it is cheaper and is fun.

4.  Always bargain. Everything has a price, but it is not always the one you see on the label.  If you don’t ask you don’t get.

5.  Why always buy new?  Second hand is a fraction of the cost and in many cases just as good.

6.  Unless your car will benefit do not buy “premium fuel”.  Buy gas from a discount membership store like Sam’s and Safeway.  Coordinate your fill up with the weekly specials!

7.  Use online comparison sites for utilities and insurance and keep checking for the best rates.  Check into alternative energy available for Pepco and BGE users right on their websites.

8.  Try generic brands instead of branded products.  They are not always better, but many times they are certainly no worse for very much less money.

9.  Get the best phone package you can and keep changing to keep current don’t tie in too long as the market is always making new best deals.  Get a pre-paid phone if you need help managing your bills.

10.  Think what your big ticket expenditure is.  If it is the mortgage, check you are on the best deal you can be.  If it is a car, do you really need it to be new? Can you afford a 30% dip in value simply for taking it off the lot?

Most of all, decide the difference between a want and a need.

For more information or to receive a free credit assessment, please contact us at (877) 896-2831 or at info@nirvanacreditservices.com.