I have noticed groups of workers here and there not to using these excellent tips - so definitely take them on board if you haven't done these already - it pays to be efficient!:
- Have your employer pay directly into an Online Saver - not your ATM account - this also helps your employer as you are NOT burdening them with your cash flow issues!
- Use a Credit Card with no interest charges to pay for all your purchases
- Keep a secondary Credit Card or debit Card as a backup if for some reason your main Credit Card becomes incapacitated
- With reference to notes and coins:
- Try not to carry coins (at all) - if you have any take them to the automatic currency counting machines and throw them in your bank account
- Try to keep the cash in your wallet to a minimum
- Likewise keep the cash in your ATM account to a minimum as well as it does not accumulate interest
- For some of the larger household items that are fairly liquid - if you are not immediately using them try and sell them Online when you get the chance - the Internet has made it easier not just to sell but to buy these sorts of items fairly conveniently
- This argument also applies to larger second hand electronics items that you are not using
- ...
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Stay tuned for a future post of getting your Salary paid directly into a 'Mortgage Buster' account if you hold a mortgage!
