Tuesday Tip #2: Master the Thirty Day Rule

Whenever you’re considering making an unnecessary purchase, wait thirty days and then ask yourself if you still want that item. Quite often, you’ll find that the urge to buyhas passed and you’ll have saved yourself some money by simply waiting.

If you want, you can even keep a “thirty day list” where you write down the item and the day you’ll reconsider it, but I prefer just to keep this one in my head – that way, I often just forget about the unimportant things.

For example, I had been wanting to purchase a new LED TV, and I waited more than 30 days to see if I can come across a good deal. I must say, it was the best thing I did. My cousin called me with an awesome deal and I was able to purchase the TV I wanted for $400 less than what I expected! Has waiting 30 days or more ever benefited you in a similar way?

Friday Fun Fact: Why is Memorial Day Observed On The Last Monday in May?

Three years after the Civil War ended, on May 5, 1868, the Grand Army of the Republic (GAR) established Decoration Day as a time for the nation to decorate the graves of the war dead with flowers. Maj. Gen. John A. Logan declared that Decoration Day should be observed on May 30. This date was chosen because flowers would be in bloom all over the country, no matter in which state you lived. (Remember, Alaska wasn’t a state at the time.)

Friday Fun Fact: Why is US Currency green?

According to the Treasury Department, there are three reasons why US currency is green (the “greenback”): 1) That color ink was readily available in large quantities back when they were first being printed; 2) It is highly resistant to chemical and physical changes, and; 3) it’s a color that the public identifies with strong and stable credit.

Tuesday Tip #3: Sign up for every free customer rewards program you can

Sign up for every free customer rewards program you can. Even if you rarely shop at that place, having a rewards card for that place will eventually net you some coupons and discounts. Here’s the basic game plan for maximizing these programs: create a Gmail address just for these mailings, collect every card you can, and then check that account for extra coupons whenever you’re ready to shop. Many rewards programs mail out great coupons via email that can really save some cash.

If you’re cautious about giving out other personal information, make it up. This might violate the rules of the program, but in most cases, the program’s benefits are “virtual,” meaning they don’t require direct contact with your identity.

Tuesday Tip #5: Master the 10 second rule

Master the ten second rule. Whenever you pick up an item in order to add it to your cart or to take it to the checkout, stop for ten seconds and ask yourself why you’re buying it and whether you actually need it or not. If you can’t find a good answer, put the item back. This keeps me from making impulse buys on a regular basis.

Tuesday Tip #6: Remove your credit card numbers from your online accounts.

Remove your credit card numbers from your online accounts. It’s easy to spend online when you have your card information stored in an account – just click and buy. The best way to break this habit is to simply delete your card from the account. That way, when you’re tempted to spend, you’ll be forced to spend the time to dig out your card – and really think about why you’re spending this money.

Tuesday Tip #7: Make your own gifts

Make your own gifts instead of buying stuff from the store. You can make food mixes, candles, bread, cookies, soap, and all kinds of other things at home quite easily and inexpensively. These make spectacular gifts for others because they involve your homemade touch, plus quite often they’re consumable, meaning they don’t wind up filling someone’s closet with junk. Even better – include a personal handwritten note with the gift. This will make it even more special than anything you could possibly buy down at the mall, plus it saves you money.

Tuesday Tip #8: Cancel unused club memberships

Cancel unused club memberships. Are you paying dues at a club that you never use? Like, for instance, a gym membership or a country club membership? Cancel these club memberships, even if you think you might use them again someday – you can always renew the membership at a later date if it turns out that you actually do miss it.