If you’re like many of today’s seniors, you may have found your current financial plans wanting, especially in light of the global and national economy in recent years. You might not have ample income, even after you’ve made good investments and used additional sources of money to fund your retirement. A radical move to help you increase your spending power may be the key to stretching your dollar to fit your budget. One unconventional option that can enable you to save more money is by reducing credit card use to minimize debt.
You can start by paying for most expenses with money orders or cash. When you withdraw from a credit account or bank account, you may have the tendency to spend more than you planned because you’re unaware of exactly how much money you have in the account. Handling and dealing in cash helps you avoid overspending, because you’ll know how much you have and notice if your money’s running low. You can take this method a step further by setting aside predetermined amounts of money for specific expenses, such as gas, groceries, other utilities, and so on. When you take out money from these bundles for particular expenses, you’ll be reminded of your limits by how much remains per bundle.
Credit cards are still a necessity, especially for urgent payments when you don’t have enough cash on hand. However, you should restrict your use of credit cards in everyday expenses, and use them responsibly if you absolutely have to pay with plastic. If you can set aside money to pay for your credit card balance every month, you won’t have to fore go credit card promos that can also save you money in the long run, such as rebates or cash-back deals.
You can adapt your financial plans to the changes in the current economic environment. Making unconventional moves, such as decreasing your use of credit cards, help increase the amount of cash in your wallet in these uncertain economic times.
This review was brought to you by Puritan Financial Group. For more information please visit Puritan Financial Group Website. At Puritan Financial Group... Life is good. We pride ourselves on providing the highest quality of service to our clients.
You can start by paying for most expenses with money orders or cash. When you withdraw from a credit account or bank account, you may have the tendency to spend more than you planned because you’re unaware of exactly how much money you have in the account. Handling and dealing in cash helps you avoid overspending, because you’ll know how much you have and notice if your money’s running low. You can take this method a step further by setting aside predetermined amounts of money for specific expenses, such as gas, groceries, other utilities, and so on. When you take out money from these bundles for particular expenses, you’ll be reminded of your limits by how much remains per bundle.
Credit cards are still a necessity, especially for urgent payments when you don’t have enough cash on hand. However, you should restrict your use of credit cards in everyday expenses, and use them responsibly if you absolutely have to pay with plastic. If you can set aside money to pay for your credit card balance every month, you won’t have to fore go credit card promos that can also save you money in the long run, such as rebates or cash-back deals.
You can adapt your financial plans to the changes in the current economic environment. Making unconventional moves, such as decreasing your use of credit cards, help increase the amount of cash in your wallet in these uncertain economic times.
This review was brought to you by Puritan Financial Group. For more information please visit Puritan Financial Group Website. At Puritan Financial Group... Life is good. We pride ourselves on providing the highest quality of service to our clients.
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