Topic of the Week
This week we talk about some of the psychology of shopping and how to save money by curbing your purchasing psychology.
Money Saving Tips
Money Saving Tip of the Week:
Check the prices at checkout. Watch the register and check receipts. A checker may scan an item too many times, the sale price may not come up or the price might be wrong.
Talli’s Tightwad Tip of the Week
Keep your receipts and check them against your credit card bill. Sometimes the amount is wrong or duplicated. Other times, when you return an item, they might miss a credit to your account.
Money Making Tip
Make back some of your spent money by using credit cards with bonuses. We’ll give you a few tips. One of the sites we mentioned on the show was:
citibank.com (no we get no commission)
Almost 45% of working-age households are â€œat riskâ€ of being unable to maintain their pre-retirement standard of living in retirement, according to the new National Retirement Risk Index. Younger households are particularly vulnerable, as are those with low incomes or no pensions. This is caused by a rapidly changing retirement landscape defined by a rising Social Security retirement age, a sharp decline in traditional pensions coupled with modest 401(k) balances, low savings rates, and longer lifespans. That number goes up to (49%) for Generation Xers born between 1965 and1972.
These might sound common sense, but people do them…
Putting off saving…â€until we can afford it.â€ Don’t do it. If you wait to save until you have free cash, you never will. There are always multiple things competing for your cash. Pay yourself first.