Monday, July 12, 2010

Financial IQ: Top 6 Mindless Money Wasters

Basic creditcard / debitcard / smartcard graph...Image via Wikipedia
Financial IQ Philippines Quick Hit(s):

Good tips.  When would you check yours?


Most people will say they are interested in saving money. Money saved from one area can be spent in another area. Or even better, the money can actually grow as an investment for the future. But despite the benefits of putting some money away, most people take a passing interest in actually doing it. As young adults, they don't think much about retirement; then, as adults, credit card debt becomes a way of life.

You can begin by paying attention to these top money wasting activities.

2. Cell Phone Plans
4. Unnecessary Bank Fees 
5. Magazines 
6. Annual Credit Card Fees 

Be Proactive
Spend a couple of hours and go over the above categories along with any other regular habits you may have accumulated over the years. The time will be well spent as it could mean hundreds of dollars of recurring annual savings.


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