The ABCs of Saving Money will appear throughout 2010.
How many bank accounts do you have? Do they cost you money or save you money? (Do you even know the monthly charges? I don’t.)
My husband and I have had separate bank accounts for a long time, but it in fact costs us quite a lot of money to do so. It was a choice made from lethargy as we never bothered to combine our accounts after we got married. We are now in the process of consolidating our accounts and changing banks, not only because we are trying to save money on monthly fees and service charges but also because of some really bad customer service at our former bank.
This is of course a biggie in the personal finance world. If you don’t have a budget, you should. If you’re scared of putting one together, you shouldn’t be. Knowing where your money is going is half the battle and it will help you feel more in control and better able to tackle the rest of your personal finance issues.
Beans are an essential component to a frugal diet, which is one of the reasons that you’ll see them on so many lists of ways to live frugally or how to save money. Not only do they taste good, but they are good for you. Either use them with meat (chili, kefta balls) or on their own (five bean soup, three bean salad). Dry beans are very, very cheap and store for a long time.
I’m not the kind of person who can swear off things forever. It’s why I have such a hard time sticking to a diet- I don’t want to never again eat french fries or have cream in my coffee! It’s equally try to sticking to a financial diet. Knowing this about myself makes balance an important b-word for me as I think about saving money. I try to remember and stick to my longterm goals, while still satisfying my short-term cravings!
What’s the B in the ABCs of Saving Money for you?