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Don’t Pay to Manage Your Money

Don’t Pay to Manage Your Money

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    Bank fees, software, tax preparation: if you aren’t careful, your money can wind up costing you a pretty penny. I’m of the opinion that in most cases, you really shouldn’t have to pay to manage your own money. As long as you’re an individual (as opposed to a business), I can’t see the point of paying for a whole list of things that are available for free with just a little hunting. I’m not talking about options that require extra work on your part, either — while some of the open source budgeting software can be pretty cool, I’ll be the first to admit that it isn’t the best option for the average person.

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    1. Banking Fees

    In addition to an intense dislike for fees I can avoid, I really don’t see the point of paying my bank for the privilege of letting them use my money — which is what banking fees amount to. Most banks have at least one free bank account available, although it may not offer every bell and whistle. Credit unions can be good options for finding a free account, as well, as long as you qualify to join the credit union.

    There are also several banks that have built their reputations on offering only free banking, like ING Direct and FNBO Direct. Personally, I use ING Direct and have found it to be ideal — if you’ve used another bank with a great free account, please let me know in the comments.

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    2. Budgeting software

    With sites like Mint.com and Quicken Online offering free money management and budgeting software, I have a really hard time thinking of a reason to pay for budgeting software. In fact, the only concern that I’ve seen with online money management applications is the question of privacy. Sites like Mint have gone to some pretty significant lengths to protect users, but if you’re still worried, you might consider downloading an application. There aren’t as many solid software packages that you can download for free, I’m afraid, but I know there are a few options out there. If you’ve got a lead on a good one, please share it in the comments.

    3. Tax Preparation

    While there are a fair number of people who do need some help with tax preparation, it’s amazing just how many people can actually avoid paying to have their return prepared and e-filed. If you earned less than $56,000 in 2008, you’re automatically eligible for the IRS’ Free File program. Even if you earned more than that, you can get your taxes prepared for free with online options like TaxAct or TurboTax, as long as you have a relatively simple tax return.

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    You may need to explore other options if your tax return doesn’t look like it will be so simple: if you have a business, unusual deductions or income from a wide variety of sources, a free filing option may not be able to correctly complete your return.

    4. Credit Counseling

    There are so many companies promising that they can get you out of debt or avoid foreclosure, for a reasonable fee. The fact of the matter, though, is that such companies are shady at best. You are able to access free credit counseling, as well as consumer debt and bankruptcy help through the National Foundation for Credit Counseling. The NFCC offers referrals to local credit counseling agencies.

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    It’s worth noting that while you can avoid credit counseling fees, there are often fees associated with specific services offered by an agency. While these organizations are typically not-for-profit, they are still self-supporting.

    5. Personal Finance Books

    One of the librarians at my local branch told me that while our local library district has a huge collection of personal finance books — including many best sellers and new releases — they still don’t get checked out as often as you might think. If you’re working on straightening out your finances, and want to read a particular personal finance book, check your local library. If you’ve already got a library card, you can usually check a book’s availability online. You can have books brought to your local branch, add your name to the waiting list (if there is one) or even request that the library consider purchasing a particular book online in most library districts these days.

    6. Your Credit Report

    There’s actually legislation in place stating that each credit agency must provide you with a copy of your credit report each year. The three main agencies, Equifax, Experian and TransUnion, provide copies through AnnualCreditReport.com. You can also arrange for free copies of other reports, such as your ChexSystems’ report. ChexSystems is a reporting agency used by banks to report problem customers. You’re entitled to one free report each year from each agency.

    More Than A Little Savings

    You can save a surprising amount of money just by taking the time to find a free money management option. Whether we’re talking about banking or credit reports, there are plenty of free opportunities out there — and there’s not as big of a trade off for making the switch as you might think. In other areas, choosing a free option over a costly alternative usually means that you’re giving up an element of service or a few features. But with the monetary options I’ve listed above, there isn’t that much of a difference: you may even find yourself in a better position by avoiding services meant only to take your money.

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    Last Updated on October 30, 2018

    How to Motivate Yourself: 13 Simple Ways You Can Try Right Now

    How to Motivate Yourself: 13 Simple Ways You Can Try Right Now

    Who needs Tony Robbins when you can motivate yourself? Overcoming the emotional hurdle to get stuff done when you’d rather sit on the couch isn’t always easy. But unless calling in sick and waking up at noon have no consequences for you, it’s often a must.

    For those of you who never procrastinate, distract yourself or drag your feet when you should be doing something important, well done so far! But for the rest of you, it’s good to have a library of motivational boosters to move along.

    Whether you’re starting a buisiness, trying to los weight or breaking a bad habit, you’ll learn how to motivate yourself with different techniques in this article.

    13 Simple Ways to Motivate Yourself Right Now

    Despite your best efforts, passion, habits and a flow-producing environment can fail. In that case, it’s time to find whatever emotional pump-up you can use to get started:

    1. Go back to “why”

    Focusing on a dull task doesn’t make it any more attractive. Zooming out and asking yourself why you are bothering in the first place will make it more appealing.

    If you can’t figure out why, then there’s a good chance you shouldn’t bother with it in the first place.

    2. Go for five

    Start working for five minutes. Often that little push will be enough to get you going.

    3. Move around

    Get your body moving as you would if you were extremely motivated to do something. This ‘faking it’ approach to motivation may seem silly or crude but it works.

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    4. Find the next step

    If it seems impossible to work on a project for you, you can try to focus on the next immediate step.

    Fighting an amorphous blob of work will only cause procrastination. Chunk it up so that it becomes manageable. Learn how to stop procrastinating in this guide.

    5. Find your itch

    What is keeping you from working? Don’t let the itch continue without isolating it and removing the problem.

    Are you unmotivated because you feel overwhelmed, tired, afraid, bored, restless or angry? Maybe it is because you aren’t sure you have time or delegated tasks haven’t been finished yet?

    6. Deconstruct your fears

    I’m sure you don’t have a phobia about getting stuff done. But at the same time, hidden fears or anxieties can keep you from getting real work completed.

    Isolate the unknowns and make yourself confident, you can handle the worst case scenario.

    7. Get a partner

    Find someone who will motivate you when you’re feeling lazy. I have a friend I go to the gym with. Besides spotting weight, having a friend can help motivate you to work hard when you’d normally quit.

    8. Kickstart your day

    Plan out tomorrow. Get up early and place all the important things early in the morning. Building momentum early in the day can usually carry you forward far later.

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    Having a morning routine is a good idea for you to stay motivated!

    9. Read books

    Read not just self-help or motivational books but any book that has new ideas. New ideas get your mental gears turning and can build motivation. Here’re more reasons to read every day.

    Learning new ideas puts your brain in motion so it requires less time to speed up to your tasks.

    10. Get the right tools

    Your environment can have a profound effect on your enthusiasm. Computers that are too slow, inefficient applications or a vehicle that breaks down constantly can kill your motivation.

    Building motivation is almost as important as avoiding the traps that can stop it.

    11. Be careful with the small problems

    The worst killer of motivation is facing a seemingly small problem that creates endless frustration.

    Reframe little problems that must be fixed as bigger ones or they will kill any drive you have.

    12. Develop a mantra

    Find a few statements that focus your mind and motivate you. It doesn’t matter whether they are pulled from a tacky motivational poster or just a few words to tell you what to do.

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    If you aren’t sure where to start, a good personal mantra is “Do it now!” You can find more here too: 7 Empowering Affirmations That Will Help You Be Mentally Strong

    13. Build on success

    Success creates success. When you’ve just won, it is easy to feel motivated about almost anything. Emotions tend not to be situation specific, so a small win, whether it is a compliment from a colleague or finishing two thirds of your tasks before noon can turn you into a juggernaut.

    There are many ways you can place small successes earlier on to spur motivation later. Structuring your to-do lists, placing straightforward tasks such as exercising early in the day or giving yourself an affirmation can do the trick.

    How to Stay Motivated Forever (Without Motivation Tricks)

    The best way to motivate yourself is to organize your life so you don’t have to. If work is a constant battle for you, perhaps it is time to start thinking about a new job. The idea is that explicit motivational techniques should be a backup, not your regular routine.

    Here are some other things to consider making work flow more naturally:

    Passion

    Do things you have a passion for. We all have to do things we don’t want to. But if life has become a chronic source of dull chores, you’ve got a big problem that needs fixing.

    Not sure what your passion is to get you motivated? This will help you:

    How to Get Motivated and Be Happy Every Day When You Wake Up

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    Habits

    You can’t put everything on autopilot. I’ve found putting a few core habits in place creates a structure for the day.

    Waking up at the same time, working at the same times and having a similar productive routine makes it easier to do the next day.

    This guide will be useful for you if you’re looking to build good habits:

    Understand Your Habits to Control Them 100%

    Flow

    Flow is the state where your mind is completely focused on the task at hand. While there are many factors that go into producing this state, having the right challenge level is a big part.

    Find ways to tweak your tasks so they hover in that sweet spot between boredom and maddening frustration.

    Easily distracted and hard to focus? Here’s your solution.

    Final Thoughts

    With all these tips I’ve shared with you, now you know what to do when you’re feeling unmotivated.

    Find your passion and develop a positive mantra so when the next time negativity hits you again, you know how to stay positive and motivated!

    Featured photo credit: Pexels via pexels.com

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