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Learn These 10 Easy Skills Now And You Can Save A Lot of Money

Learn These 10 Easy Skills Now And You Can Save A Lot of Money
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There are certain things that we have to pay other individuals to perform for us. From the dentist to certain construction tasks, it would be less stressful and wiser to consult an expert. However, for certain tasks, like an article of clothing that is damaged or dog grooming that we can perform ourselves and save a ton of money in the process. This not only makes you a wiser individual economically, it allows you to also be more self-sufficient in a time of rising costs and the environmental impact certain acts have. Today, we will talk about 10 easy to learn skills that you need to acquire today to save you money in the future.

1. Website Design

This is by far my most favourite tip to give. Not only because I’m currently working on advancing my programming knowledge, but also because it has both money saving and money making qualities. Squarespace is a website design website I make use of and a separate website for my domain costs. Even with a working knowledge of HTML and CSS, I use Squarespace because I simply love their templates I can tinker with. With Squarespace alone I am paying $120 a year, that’s $10 a month. For those who can program their own website, they are able to make it uniquely their own and can even offer their skills to other people as a way of making money. Code Academy is a great place to start and you’ll need to work toward learning HTML/CSS and Javascript.

2. Cooking

preparing food

    Some reports attest that the average American eats out twice a week, spending on average $10 each visit. Totalling close to $1000 a year when you add in taxes, and almost an additional 50% of that when you factor in taxes. In summary, that is what equates to a round-trip international plane ticket, going down your gullet. While I am not recommending you to stop eating out all together, I still spend the average a year on eating out, if not more, I do recommend you take up the skill of cooking if you are looking to save money. With the numerous recipe applications, articles, and websites out there, cooking is more accessible and easier than you think. With the money you’ll be saving, cooking your own meals every now and then will grow on you.

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    3. Dog Grooming

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      There are certain upkeep costs that require the intervention of a vet when it comes to pets. However, there are many individuals who pay for dog grooming to ensure that nails are kept trimmed or even polished! With some services costing between $20 and $50 a visit, you are simply throwing money into the litter pan with dog grooming costs. Instead, learn to do some of these things yourself. From giving your dog a luxurious bath to keeping up their mane, you will be saving between $300 and $600 a year. Plus, it’ll allow you to connect with Fido.

      4. Clothing Repair

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        Oh no, there’s a rip in your pants. What are you likely to do? Chances are high that you’ll either throw the pants out or do the “frugal” option of taking them to the tailor. But when you think about it, is having someone else repair your pants really frugal when you have two working hands of your own. No it is not, and there are various resources online and show you how to make small repairs to clothing mishaps, preventing you from having to make a trip to your tailor or the local shopping mall. With the average tailor visit costing between $10 and $30, you’ll save $120 to $360 a year repairing on our own.

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        5. Cutting Hair

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          Salon costs are heavily weighed especially on gender. Granted, a woman may request a couple of more additions to their hair bill, including some styling here and there, but for the most part, women pay more in any situation. Depending on the size and location of the city you live in, especially as reported in this Huffington Post article from May of last year, you can find yourself spending between $900 and $3000 on average for maintaining that gorgeous mane of yours. That’s outrageous, and you may want to look into how to give or allow a family member to give you a small trim between less frequent visits. The other hair cost, hair products, can also be reduced as well. Guys, I’m looking out for you all as well (how to trim your own beard and how to cut your own hair).

          6. Walking

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            Taking your car everywhere, even when you have no where to go and just want to go for a ride on a nice Saturday afternoon can cost you in the long run in wasted gas. Instead, look into walking to more places if you live in a neighbourhood that would make this possible. Even if you don’t, if you are on break at work, walk around the city instead of driving to your lunchtime errands. If you do live in a walkable neighbourhood, consider forgoing your car all together. Learning how to tackle your city like a true city person will allow you to let go one of the biggest expenses of all. Forgoing your car results in saving almost $3000 a year.

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            7. Preparing Taxes

            Preparing your own taxes can be so stressful that individuals are willing to shell out on average $261 a year to have someone else do it. While in complicating situations, for example the case of freelancers, it is wise to consult a bit of help. However, if you are a run of the mill taxed American, you will probably find that preparing your own taxes is wiser for you in the end.

            8. Negotiating

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              There are certain countries where a majority of your purchases are set in stone, in other countries negotiating is the way to go. However, in the United States, many of the services that we feel are set in stone can actually be negotiated upon. Chances are, in our society, you’ll find things marked with a price tag, but you can definitely find ways to negotiate in the form of discounts. You aren’t haggling or being a penny pincher by asking if places have discounts for students or other groups you are qualified under. If you have enough proof, your chances of getting some unadvertised percentage off can save you a ton in the long run. All you have to do is learn the art of speaking up.

              9. Car Maintenance

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                As mentioned before, walking can be a great way to save almost $3000 if you forgo your car all together. However, if you are like most Americans and can’t let the keys go, there are ways to save on things like car maintenance. Certain things, like changing a tire or keeping up with your car’s oil are simple and quick tasks you can perform yourself with the right tools and know-how. Maintaining your car yourself, without the need to go to a dealership aside from larger issues and inspections will save you hundreds in the end of the year.

                10. Stay-cationing

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                  Paying hundreds of dollars for transportation, hundreds more for lodging, and eating out are all the components of an expensive but great vacation. However, very few people fail to look at what is to offer in their own backyards (~50 mi). Living in Northern Virginia alone, if I want city fun I can go to Washington D.C, if I want nature, i can go to the numerous national parks, including Great Falls, to take in the scenery. Make use of websites like Yelp or your city or state’s official website. They can offer insight into various activities available to you to enjoy.

                  Grand Total of Savings: ~$3500 – $6000 a year.

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                  With the tips outlined in this article, you can find yourself saving a ton of money that can be applied toward a certain item or trip you have been only wishing to partake in for the longest. Let us know in the comments below what you’d spend your personal grand total of savings on.

                  Featured photo credit: 120 Hours via 120hours.com

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                  Last Updated on July 20, 2021

                  Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

                  Financial Freedom is Not a Fantasy: 9 Secrets to Get You There
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                  Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

                  Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

                  Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

                  In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

                  Break Free of Your Finances

                  Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

                  When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

                  Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

                  Though it seems hard to believe, it is really very simple to get financial freedom.

                  To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

                  While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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                  Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

                  1. Stop Unnecessary Spending

                  We often spend money inwardly, instead of objectively.

                  For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

                  To stop this habitual spending, log down all your spending over the course of a month.

                  Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

                  This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

                  2. Plan a Monthly Budget

                  This is a great opportunity to get serious.

                  Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

                  Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

                  3. Cut-up Credit Cards

                  Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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                  If not, you may want to consider ridding your life of the burden that credit cards bring.

                  Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

                  Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

                  4. Increase Savings

                  There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

                  It’s good practice to save up to 15% of your income.

                  Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

                  Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

                  5. Invest Wisely

                  Consider investing in funds.

                  Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

                  To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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                  Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

                  6. Invest in Gold

                  There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

                  You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

                  Another way to invest in gold is through ETFs (Exchange Traded Funds).

                  These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

                  With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

                  7. Stash Emergency Funds

                  Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

                  If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

                  Make it hard to get your cash.

                  Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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                  8. Find Fabulous Mentors

                  Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

                  If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

                  There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

                  9. Be Extra Patient

                  Patience is the key of financial success.

                  Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

                  So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

                  Financial Freedom for All

                  Anyone can achieve financial freedom, regardless of their financial circumstance.

                  Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

                  Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

                  Featured photo credit: rawpixel via unsplash.com

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                  Reference

                  [1] Hartford Gold Group: IRA Retirement Accounts

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