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Unexpected Ways The Library Can Save You Money

Unexpected Ways The Library Can Save You Money
    The Library of Congress

    When I say “library” most of you are going to picture books. Getting books from the library is the most inexpensive way to read books. But there are unexpected ways that libraries can save you money:

    Preview Music

    I love buying music. Unforatunately I have often bought CDs only to find out that I didn’t like the album, or only liked one song.  This means the music languishes in the library, unplayed. Even previewing snippets online doesn’t entirely get rid of this problem, since so many songs change after the first thirty seconds.

    At the library I can borrow CDs and give them a full listen before deciding to buy them. This saves me from spending money on things I will listen to once.

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    This also allows me to try genres outside of my usual listening fare. I have listened to world music, opera, old-time blues and something that I could only classify as Scandinavian Tolkein death metal.

    Read Magazines

    I like magazines. They are great information sources and provide lots of light reading. My reading tastes vary and I love everything from archaeology to cooking to crafting to software development to political commentary. While I like magazines, I have neither the time to read everything, nor the interest to read every issue.

    There are two general ways to get magazines: buy them at the newsstand or subscribe. Buying at the newsstand allows you to pick the issues you want to read, but costs many times more than a subscription. Subscriptions are less expensive, but if you don’t get to reading the magazines, it is wasted money. They also pile up around the house, waiting for a time when you “can get to them”. In my case, this can mean six months of back issues, depending on how busy I am.

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    Most libraries still carry a wide variety of magazines and even have back issues. You can read as much as you wish, when you want to,  for free. This method has the added bonus of not having to dispose of the magazines once they are read. They are shared with others who wish to read them.

    Note: If your local library doesn’t carry a favorite, ask them to. They subscribe based on popularity.

    Activities and Lectures

    Most public libraries have large meeting rooms where they hold activities and lectures. These are usually free or low-cost, and cover a wide variety of interests. My local library had presentations on henna, fishing and quilting one week this month.

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    Some community groups will also meet at libraries, and provide public outreach informational programs in exchange for the meeting space. Our local astronomy club gave a demonstration of telescopes at the library one Saturday afternoon, allowing children to examine telescopes, and then see a presentation on constellations inside.

    Movies

    There are many ways to see movies at a price lower than the movie theater. I used to love renting movies, but I could never manage to get them back the next day. Getting movies from the library gets around this, and movies from the library are generally free. They might not have hundreds of copies of the recent release, but if you are willing to wait a week, you can get them. Plus, with multi–week check out, you don’t have to worry about getting them back the next day!

    A Bonus Tip To Making The Library Work Harder For You

    Almost all libraries these days have their catalog and reservation system online. This means that you can place a hold on an item anytime, from any computer and the item will be pulled and waiting for you to pick up. How great is it to browse the library catalogs at midnight? Items can be reserved even before they arrive at the library, making it possible to get new books and movies the moment they are released.

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    Libraries often have inter-library loan programs as well, so if your local library doesn’t have an item, they can probably arrange to have it borrowed from another library.

    Even though I read mostly e-books these days I am spending more time at my library. I read magazines, investigate new music and pick out movies. Do you have anything you use your library for that saves you money? Share below.

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    Last Updated on April 3, 2019

    How to Nix Your Credit Card Debt in Less Than 3 Years

    How to Nix Your Credit Card Debt in Less Than 3 Years

    Debt is never a fun thing to be in. But, there are many actions that you can take that will help you rid yourself of the burden of debt once and for all.

    By coming up with a set plan, eliminating your debt can feel much easier than constantly thinking about it.

    This post will provide some tips on how you can do this to help you nix your credit card debt in less than 3 years.

    Hint: there are ways that are easier than you think.

    1. Consider Consolidating Multiple Credit Cards If Possible

    This may not be applicable to you, but if you have multiple cards – it is something to consider. Keeping up with multiple bills is time consuming.

    It will depend on the balance you have on each. Consolidate ones you can but do not do it to the point that you get too close to the maximum limit. Also, it is ideal to pick the card with the lower interest rate.

    Consider if there are any fees or alternatively, rewards, with transferring a balance to another card. Watch out for fees. Note that some cards offer rewards for transferring a balance to them. This is extra cash that can help go towards paying off your debt.

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    Having one or two cards can make nixing your debt much simpler than keeping up with the balance of a bunch of cards. Keeping track of paying the minimum towards a bunch of cards is time consuming. Spend the time to consolidate instead to make the overall process simpler going forward.

    My tip: Have one main credit card. Have a second one that you use for necessities – such as groceries or gas – that offers rewards for those purchases (a lot of cards do) and set the second one on auto-pay. You should be able to pay off a smaller amount on auto-pay if it is a necessity. If you think you cannot, then you may need to cut down a lot on expenses.

    Why do I suggest doing this? Having one thing set to auto-pay is one less thing to think about. One less thing to waste time on. Same idea with consolidating to one main card. Tracking down too many is a hassle.

    2. Try to Pay the Full Balance You Spent Each Month at the Very Least

    You need to pay off the amount you are spending each month when that bill comes in. This is the amount you spent THAT month.

    Do not let the debt keep accruing while you work on paying any unpaid debt that has accrued. It will become a never-ending battle. Try as best as you can to be current on paying for each month’s expenses when that month’s bill comes out.

    If this is a strain, consider why. You may need to cut expenses. Or you may need to consider other cards. Or look at where this money is going.

    3. Pay Extra When You Can – Every Small Amount Counts

    This cannot be emphasized enough. If you are looking at a lot of credit card debt, it can look daunting, but each extra amount that you can put towards the debt will really add up – no matter how small it is.

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    It does not just reduce the principal amount that you have left to pay off, but it reduces the amount that is collecting interest. You will always save money with that reduced interest.

    4. Create a Plan on How to Pay Extra

    Back to the main point, having this plan is giving you one less thing to think about.

    This plan should be a plan that works for you. If it does not work for you, your spending habits, and your views on debt, then it will not be an effective plan.

    For instance, if a set plan of an extra $50 (or another amount that you know you can afford) works for you, then do that. Set that aside every month and pay that extra amount. Treat it like a bill. Choose an amount that works for you and pay it like clockwork as though it was a bill you had to pay each month.

    Little amounts will not nix it entirely, but they will help tackle it and having a set plan can make it less of a chore. Creating a new plan of how much to put towards it each month is an unnecessary added stress.

    5. Cut out Costs for Services You Do Not Use

    If you are signed up for subscriptions that you do not use because of some free trial or for some other reason, cut it out. Your overall financial position will look better.

    In turn, that will make cutting your credit card debt easier. Look at your statements to find these expenses. If you do not use them, you may forget you are paying some unnecessary amount each month. Cutting it out can really add up in savings that you can put towards other needed expenses.

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    6. Get Aggressive About It

    Consider these points:

    Depending on the interest and the level of debt, you may need to give up a few indulgences. For example, instead of ordering delivery or going out to eat, cook at home. Everything adds up.

    Other things may be more of a sacrifice. It may be a trip you wanted to go on, or a daily latte habit you’ve picked up. In these instances, consider how important it is to you and if it’s worth the sacrifice. And if it is a costly expense, think whether you can wait to indulge.

    Cutting an extravagant expense can really help make a dent in your overall debt. Try not to add to debt when you are trying to pay it off. It will be a never-ending battle. Make it less of a battle with these tips and it will feel easier.

    Bottom line: Do what you can to make this process easier for you. Implement steps that do this. It takes time now, but will help overall. Also, keep track of your spending and paying down of your debts. Which is the next point.

    7. Reevaluate Your Progress at Set Intervals

    Doing a regular check-in can help you see your efforts pay off or maybe indicate that you need to give this a bit more effort. If you check every 3-6 months, it will not feel so much like a chore or feel so daunting.

    By doing this, you will be able to better understand your progress and perhaps readjust your plan. Bonus: if you see it pay off, it will feel great to do this check-in. You will get there.

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    Finally (and most importantly)…

    8. Keep Trying

    Do not get discouraged. Pushing it off will make it worse. Just keep trying.

    Once your debt becomes lower, each monthly payment will reduce the balance more. Why? You are paying less towards interest. It will be a snowball effect eventually and it will become much easier to manage. Just get to that point. And know once you do, it will feel easier and motivating.

    Start Knocking out Your Debt Today

    The best way to eliminate debt is to get started right away. Begin by implementing the above steps and watch your debt just melt away. Try out some of the above strategies and see what works best for you. Soon you’ll be on your way to a debt free life.

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    Featured photo credit: Pexels via pexels.com

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