what are are the financial strategies you use to manage your money better?

What are some strategies when trying to quit or cut down? What works for you?

RE: what are are the financial strategies you use to manage your money better?

Postby Zoe » Wed Nov 07, 2012 9:26 pm

I keep all of my money (except what I need to spend for the next few days) in a high interest savings account that is not linked to a card...it takes 24 hours to transfer the money back...so it keeps my money safe when I have a sudden impulse to gamble...sometimes I blow the $300 that I have in my account that's linked to my debit card but at least I don't spend all of the money I have until next pay day!
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RE: what are are the financial strategies you use to manage your money better?

Postby Angie » Wed Nov 07, 2012 5:09 pm

what about cutting down limits on cash withdrawal for your keycard or debit card or credit card so that you can only withdraw a couple of hundred or less a day...or for internet betting you can limit that amount that you can transfer out of your accounts per 24 hour period...?
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what are are the financial strategies you use to manage your money better?

Postby dittogirl » Wed Nov 07, 2012 12:54 pm

Just thought it might be good to share some of the financial strategies you use in order to manage your money....I have a few!

consolidate credit cards: if you owe money on credit cards with high interest rates, do a balance transfer to one with a low rate/0% interest for 6 months card to buy yourself some time to pay it off.

reduce limits on credit card: banks don't like doing it and make it really tricky sometimes, but you can ask for your limit to be reduced - I've now got one card with a $1000 limit because I figure I can always manage to pay that off.

Leave your credit cards at home or send them to live with a friend: simple really, but if you leave your credit card at home you can't use it. if you are dodgy with credit cards, give them to a friend. That way you have to make a conscious decision to use it AND go and get it - mine lives with a friend in another state!

Say no or opt out of those bank messages that ask you if you would like a credit limit increase...

what are some of yours??
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