Tuesday, October 27, 2015

Money Wise: 11 Ways To Keep More of Your Cash

Have you resolved to get your finances under control, finally and for good, this year? Follow these 11 money wise tips, keep more of your cash, and watch your savings grow!
To keep more of your cash, follow these 11 wise money tips, keep more of your cash, and watch your savings grow!

How to Keep More of Your Cash: The "Do" List

  1. Do cut up the credit cards, or at the very least pay the balance in full every month. If you like plastic, use a debit card instead of a credit card.

  2. Do follow a budget. Live within your means. In fact, live below your means and apply the rest to any debt that you may have.

  3. Do pay yourself first. Put money in savings every payday. "Save 10 percent, give 10 percent" is a good and easy rule to follow throughout your life.

  4. Do participate in your employer-sponsored retirement plan. Hey, it's free money. Don't turn it down!

  5. Do shop with a list and use coupons wisely. Remember that an item on sale is never a bargain if it's something that you wouldn't use anyway, so don't buy it just because it's on sale.

  6. Do save time as well as money by planning your meals. You'll eat healthier and nurture a happy family in the process.

  7. Do pay off those bills. Set a goal, make a plan, and become debt free. Wow, what a way to enjoy life! (Try it, you'll like it.)

  8. Do pay your taxes on time. Take any deductions you're entitled to. Consult a tax professional for advice. While you're at it, campaign for the FairTax to help make paying taxes simple and fair.

  9. Do give yourself a raise. Start a work-at-home business. You can start an eBay business with an investment of nothing but a little bit of time and a good, honest effort.

  10. Do develop a "no debt" habit. Do you automatically say, "Charge it!" or do you ask yourself first if you can really afford to spend money right now? Which would you really rather have, the latest electronic gadget or peace of mind, no credit card bills, and money left over at the end of the month? Develop a no-debt mentality, change your spending habits and you will find peace of mind.

  11. Do make your financial goals a family project. Get your kids involved and teach them how they can save, too. Explain to everyone the spending habit changes you plan on making so that the kids will understand why mom and dad may not be able to make that immediate purchase of the latest video game the way they used to. Plan rewards for the family as each member contributes to achieving the family's financial goals for the year.

Planning a weekly frugal meal of beans and rice is a wise way to help you keep more of your cash.
Planning a weekly frugal meal of beans and rice is a
wise way to help you keep more of your cash.
For more money wise tips, consider following the plan you'll find in Dave Ramsey's book and program, The Total Money Makeover. This plan has worked for thousands of people. All it takes is deciding to follow it... along with a few lifestyle changes, many of which will be temporary. You may have to put the new car purchase on the back burner, or even sell a few things, but it'll be worth it when you finally admit that, really, debt is dumb.

Are you debt free? Do you want to be? Have you learned anything here that will help you keep more of your cash? Have a tip of your own to share? Chime in with a comment below.

Piggy Bank photo by Alan Cleaver  via Creative Commons 
Beans and rice photo by David Sanabria  via Creative Commons


  1. Glad you agree, Vicki! Thanks for taking time to comment!

  2. Agreed! Very good tips. And practical ones, too, rather than the usual "pay off your mortgage and you'll enjoy life better". Yes, we know! But that ain't so easy to do when you've years left to run on it.

    Number five is one I'm going to start on Saturday when it will be time for supplies. No more me dashing around the supermarket without a plan and throwing every bar of chocolate into my basket that's 'on offer'. No sir. I'm done with that.

    Thanks, Susan.

  3. Danny, I hope you can stick with that "make a list" plan. I shop with a list almost always. On those occasional visits when I rush off without a plan and a list, I always regret it. Appreciate your comment. Very glad you found the list of tips practical!

  4. Thank you for the tips...and we have the Dave Ramsey book you mentioned..it's very helpful!

  5. Claudia, thanks for mentioning the Dave Ramsey book. My husband is a good financial manager and quotes Dave all the time. Glad you stopped by!

  6. I'm retired so we don't have any programs related to employment. I don't like using debit cards or even having one because fraud on those can drain your entire bank account. There's a limit on how much you will lose if someone gets hold of a credit card. The trick is to pay it off at the end of every month.

  7. Good point about debit cards, Barb. These days you can't be too careful where fraud is concerned. So many people don't have the self-discipline to pay off a credit card balance every month. Very glad that isn't a problem for you. Appreciate your comment!

  8. All good hints. I started doing many of these a couple years before retirement and when we moved to our retirement location we were debt-free. Today I have just one credit card and pay it off each month so have no fees. It's definitely a good feeling to be able to live within your budget.

  9. Elf, I so totally agree! Thanks so much for sharing your experience. Debt is such a burden to bear and often we don't even realize it until the debt is gone. It's so worth it to do whatever it takes to pay it off. So glad you're able to live debt free!

  10. I have shopped with a list ever since my children were babies. It's always the wisest thing to do, keeps me focused on what I need instead of what I WANT!! I plan my menus every week. My employer invested money went long ago, helping my oldest daughter with a problem. I pay my bills online right after my social security check lands in my bank account. I rarely buy anything on credit card, preferring to buy with my debit when I have the money to do it. These are all excellent tips, Susan. I'm sharing this for those who haven't learned this yet, perhaps it will help someone! Thank you for sharing!

  11. Nancy, you've developed some very excellent habits! Thanks for sharing those and thank you for sharing my post. Much appreciated, my friend!