Sunday, November 30, 2014

3 Easy Tips to Start Saving @CapitolOne360 #financialpeace

Having three kids in a single income household means that we think about our finances a lot.  Not only do we have to feed and clothe them now, but we have three college tuitions to plan for.  Wow. Given that we are still paying off our student debt, this is no simple task. Aside from hoping they get scholarships and get into UT for something other than preschool, we really needed a plan.

Our first step is really having a budget and sticking to it.  We have set amounts for things like clothing, restaurants, grocery bills and gas.  I keep tabs on our spending throughout the month and can cut back on eating out for example if we are in danger of going over the limit.  This has worked a lot better than estimating where we are with our spending.  It is easy to forget how little things like lunch can add up quickly!

Another helpful thing we do is we now scan all our bills as they come in.  When we really looked at our credit card statements we found more than fraudulent charges.  It is so important to keep track!  A few phone calls to the bank took care of these, but if we hadn't been checking we never would have known.

The next thing my husband really stresses is letting your bank work for you.  Capitol One 360 is giving away $100 to anyone for opening new checking or savings account, both of which also earn interest.  He is not shy about opening up a new account to collect bonuses like this.  I love that he does that for us. Visit to take advantage of Capital One 360's deals on banking, brokerage and mortgage products. In addition to taking advantage of deals on banking, brokerage and mortgage products yourself, you can give your friends and family the gift of financial peace of mind by encouraging them to take advantage of the deals and refer them to the sale. If they sign up, you may be eligible for a $40 referral bonus.

I was selected for this opportunity as a member of Clever Girls and the content and opinions expressed here are all my own.

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