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financial future

Give Up 10 Small Things To Save More Money

Save more money by giving up the small things that add up to wasteful spending habits.

A 38-year-old self-made millionaire Chris Reining did just that, telling CNBC, “I know there are some people out there that say you shouldn’t worry about the $5 latte, but the more I think about it, cutting out the $5 latte was a good place to start.”

Starting with small changes to save more money helped Reining work his way up to saving 54 percent of his income, which allowed him to retire at age 37.

“If you try to downsize your house, get rid of all your cars and make all of these drastic changes, it’s so overwhelming and you’re not going to do any of it,” he says.

Here are 10 relatively small and easy things to give up, besides the morning latte, that could save more money for your financial future:

Impulse buys

From grocery stores to department stores, retailers have a way of tricking you into spending money mindlessly. One tactic is loading the checkout aisle with tempting products: cold sodas, candy bars, and 99-cent knick-knacks.

Unused subscriptions

How many 30-day free trials have you signed up for and forgotten to cancel? Are you getting your money’s worth from the gym membership you signed up for at the beginning of the year?

Look over your last couple of credit card statements and figure out exactly what you’re paying for in terms of subscriptions to magazines, software or online services. Ask yourself which you could eliminate and cancel them on the spot to save a couple hundred dollars a year.

You could also use Trim, which automatically finds and cancels your subscriptions with a text.

Buying lunch every day

Eating out can add up quickly. It doesn’t help that apps like Seamless let you place a delivery order with the touch of a finger. The more food you can prepare at home, the better off your food budget, and your bottom line, will be.

Of course, it’s OK to treat yourself and buy the occasional meal out, but keep in mind that going homemade is one of the simplest ways to cut back without making dramatic sacrifices.

RELATED: Money Keys This Week: Break The Budget

Bottled water

While you’re getting into the habit of packing your lunch, start filling up a water bottle too. It’ll save you a few bucks every time you’re parched and tempted to hit up the closest convenience store.

Excessive bar tabs

Like buying lunch, the occasional happy hour or night out is fine, but if you’re looking to free up some cash, skipping drinks will do the trick. And let’s face it, ordering one drink usually leads to ordering two or three, which often leads to ordering food.

To still enjoy nights out without breaking the bank, consider using CNBC reporter Emmie Martin’s strategy, which saves her $300 a month: Either order alcohol or food, but not both.

“If I choose to go out to dinner, I skip the wine,” she says. “If I head to the bar, I commit to cooking dinner myself when I get home.”

Cable

These days, cable is costing Americans more than $100 a month. That’s a large sum to pay for a service that people often don’t take full advantage of.

Consider cutting the cord and getting your TV via the internet, through services like Netflix ($8 a month), Hulu ($8 a month) or HBO Now ($15 a month).

Paying fees

Late fees, penalties on credit cards and ATM fees are pointless money sucks.

To avoid late fees, automate all of your bill payments that can be made online, such as internet, insurance and cell phone. Additionally, set up autopay on your credit card, so your full balance is paid at the end of every month.

To avoid ATM fees, make sure to withdraw money from your bank’s ATMs.

Trying to show up your friends

Keeping up with the Joneses, or trying to live up to your friends’ and neighbors’ standards, is a tempting, but expensive, habit.

If you stop choosing where to live, what to wear and what gadgets to buy based on what your friends do, chances are you’ll save a ton of money.

Brand-name products

Going generic — for groceries, toiletries, pet supplies and other items — is an easy way to save money over time.

You don’t have to buy generic for everything. Identify what’s really important to you and what you’re willing to sacrifice — then, buy brand-name for the stuff you care about and go generic for everything else.

Credit cards

This doesn’t have to be a long-term strategy, but if you want to save bigrelatively quickly, ditch your plastic. Simply withdraw a predetermined amount of cash for the week and commit to spending only that amount.

Going cash only adds another barrier between you and spending money. It’s easy to mindlessly swipe a credit card and forget you even bought something. Try handing over physical bills and watching your money disappear right in front of your eyes. It makes a big difference.

Now, we want to hear from you!  Would like to share your opinion or make a comment on the Unlock Your Wealth Radio Show? If so, then please leave your comment or questions in the space provided below and share this article with your friends and family on Facebook and Twitter. Your comments or question could be chosen as our featured Money Question Monday and a phone call by financial expert Heather Wagenhals could dial your way to be live on the Unlock Your Wealth Radio Show.

Real Estate Investment Advice on Unlock Your Wealth Radio

Real estate investment options explained as details are revealed on Unlock Your Wealth Radio with expert Heather Wagenhals. Tune in as Heather offers financial advice to investors and first time home buyers who are considering their purchasing options.

In this interview Heather reveals how land contracts will benefit your
real estate investment options and financial future. 

Heather also dives into real estate investment topics that involve purchase agreements. Find out the difference between a lease purchase and a lease option and your legal rights between the two options available when purchasing a property.


Tune in to hear more answers on real estate and how much can interest one really earn you every year from owning a property.

 The Keys to Riches Financial Wellness Series from Heather Wagenhals logoTune in every Monday to The Keys To Riches™ Financial Wellness Series is a baker’s dozen of financial concepts that teach you how to think like the rich and be in control of your own money.

This week’s Key: No Seasonal Exceptions 

Real Estate Investment Advice on Unlock Your Wealth Radio

Real estate investment options explained as details are revealed on Unlock Your Wealth Radio with expert Heather Wagenhals. Tune in as Heather offers financial advice to investors and first time home buyers who are considering their purchasing options.

In this interview Heather reveals how land contracts will benefit your
real estate investment options and financial future. 

Heather also dives into real estate investment topics that involve purchase agreements. Find out the difference between a lease purchase and a lease option and your legal rights between the two options available when purchasing a property. Tune in this Friday, February 24th at 9AM PST to hear more answers on real estate and how much can interest one really earn you every year from owning a property.

 The Keys to Riches Financial Wellness Series from Heather Wagenhals logoTune in every Monday to The Keys To Riches™ Financial Wellness Series is a baker’s dozen of financial concepts that teach you how to think like the rich and be in control of your own money.

This week’s Key: No Seasonal Exceptions 

Mortgage Application Tips

Mortgages can be a strain on one’s relationship and filing the application can start the headaches, so tune in to Unlock Your Wealth Radio as real estate expert Heather Wagenhals reveals mortgage application tips and ways to know up front how to handle your financial future in home ownership.

This week’s mortgage application episode on Unlock Your Wealth Radio reveals what you should be looking at when considering a that house payment. Surprisingly it’s not about affordability but rather lifestyle that you should look at when calculating a house payment.

If you don’t have an emergency fund set up then you’re going to screw up, it’s not a matter of “if” you screw up,
but rather a matter of ‘when’ you will screw up.”

In this interview Heather Wagenhals breaks down mortgage application tips and the required documents when applying for a mortgage.

Finding out a mortgage credit rating can be heavily weighted on ones credit card debt and how one has managed long-term debt. Learn more about what lenders are looking for to qualify you in a mortgage as prepare for your financial future.

 The Keys to Riches Financial Wellness Series from Heather Wagenhals logoTune in every Monday to The Keys To Riches™ Financial Wellness Series is a baker’s dozen of financial concepts that teach you how to think like the rich and be in control of your own money.

This week’s Key: Hope for the Best, Plan for the Worst

 

Mortgage Application Tips

Mortgages can be a strain on one’s relationship and filing the application can start the headaches, so tune in to Unlock Your Wealth Radio this Friday, February 10th at 9AM PST as real estate expert Heather Wagenhals reveals mortgage application tips and ways to know up front how to handle your financial future in home ownership.

Tune in to this week’s episode of Unlock Your Wealth Radio as Heather reveals what you should be looking at when considering a mortgage. Surprisingly it’s not about affordability but rather lifestyle that you should look at when calculating a house payment.

If you don’t have an emergency fund set up then you’re going to screw up, it’s not a matter of “if” you screw up,
but rather a matter of ‘when’ you will screw up.”

In this interview Heather Wagenhals breaks down mortgage application tips and the required documents when applying for a mortgage.

Finding out a mortgage credit rating can be heavily weighted on ones credit card debt and how one has managed long-term debt. Tune in this Friday, February 10th at 9AM PST to learn more about what lenders are looking for to qualify you in a mortgage as prepare for your financial future.

 

 The Keys to Riches Financial Wellness Series from Heather Wagenhals logoTune in every Monday to The Keys To Riches™ Financial Wellness Series is a baker’s dozen of financial concepts that teach you how to think like the rich and be in control of your own money.

This week’s Key: Hope for the Best, Plan for the Worst

Keys To Riches Financial Wellness

The Weekly Keys To Riches™ Financial Wellness Series is a baker’s dozen of financial concepts that teach you how to think like the rich and be in control of your own money. It also gives you specific techniques to create or fix your credit, eliminate debt, save and invest, building wealth and happiness holistically, all while transforming your current financial habits into healthy money management skills.

Listen every Monday morning on the Keys To Riches Website where you’ll find our featured Key for the week from Heather’s Keys To Riches™ Financial Wellness Series.

Tune in to this week’s Key Number Six: Hope for the Best, Plan for the Worst as host Heather Wagenhals offers specific financial techniques to help your financial habits become healthy money management skills.

Key Six: Hope for the Best, Plan for the Worst

Key Statement:

While I remain optimistic about my financial future, I am keenly aware that a catastrophic event may occur me or my family that could materially alter my financial picture, so must be prepared for the unknown.

Key Affirmation:

I am prepared for any financial situation that life may throw at me.

Key Commitment:

I commit to planning for alternative scenarios that may challenge me or my family.

Key Action Item:

Sit down with yourself and significant other, if you have one, and list all of the worst possible outcomes that may beset your family. Things like:

  • one or both of you losing your job
  • an unexpected pregnancy
  • the sudden responsibility of an indigent parent
  • injury or accident that may keep you from working
  • death of an income producing spouse
  • a lawsuit
  • a physical or mental limitation in a child or sibling that may require additional care or treatment not covered by insurance

These are just some examples of things you can anticipate and create plans. Having an alternate plan of action is like the insurance policy you pay for and never use.

Tune in every week as Heather Wagenhals, host of Unlock Your Wealth Radio, reveals this week’s Key, along with our Key of the Week, Moolah Word of the Day, Money Drama & more! Click HERE to listen to last week’s Key Five – Take Emotion Out of the Picture.

Cracking Your Money Code Book by Heather Wagenhals Cover

Filing an insurance claim can be foreign to many individuals so on this week’s Unlock Your Wealth Radio Show, host and personal financial expert Heather Wagenhals offers insurance advice and tips to help individuals file those claims. Tune in to learn more about how to properly file and document an insurance claim.

Unlock Your Wealth Radio airs every Friday at 9AM PST, bringing listeners a unique look to their finances, as this biology-based money management show stresses the importance of money, breaking down segments to help listeners gain control of their financial future. Tune in every Friday for the Moolah Word of the Week, Money Drama & more!

 

 The Keys to Riches Financial Wellness Series from Heather Wagenhals logoTune in every Monday to The Keys To Riches™ Financial Wellness Series is a baker’s dozen of financial concepts that teach you how to think like the rich and be in control of your own money.

This week’s Key: Take Emotion Out of the Picture

Financial Techniques and Concepts on UYWRadio

Keys To Riches kicks off 2017 with a brand new season. Tune in to Season 6 of Keys To Riches with our Key Number One: Acceptance and Affirmation. The Keys To Riches is a financial podcast with a series of financial concepts as host Heather Wagenhals teaches listeners how to think like the rich and be in control of your own money.

The Keys To Riches gives you specific financial techniques to create or fix your credit, eliminate debt, save and invest, building wealth and happiness holistically, all while transforming your current financial habits into healthy money management skills.

Tune in to the New Year New Key on Keys To Riches, airing every Monday which features our Key of the Week, Moolah Word of the Day, Money Drama & more!

This week’s New Year New Key Number One: Acceptance and Affirmation.

 

Key Statement:

I know deep down that regardless if I like where I am or not, by accepting responsibility for the current state of my personal finances, I have the power to change them for me, and those around me.

Key Affirmation:

I am great at managing my money.

Key Commitment:

My financial goals facilitate all other personal goals and I am passionately committed to accomplishing them.

Key Action Item:

Begin the affirmation process today to build our confidence. Listen to this week’s show and get those 6 P’s to work for you today.

Tune in every week as Heather Wagenhals, host of Unlock Your Wealth Radio, reveals this week’s Key, along with our Key of the Week, Moolah Word of the Day, Money Drama & more! Click HERE to listen to last week’s Keys Number 13: Become A Voracious Reader. 

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