We talk about saving money but why save money in the first place? Is there any benefit that comes after saving money. You might be saving for your new car, holiday or an emergency fund but why should you save money.
Here are 4 reasons why you should save money.
Reason 1: You remove finacial stress in your life
Not having savings in your savings account can make you live a stressful life. The stress comes from you worrying about your financial situation each time anything happens in your life that needs money. So to live a financial stress-free life make sure you have some savings in your account.
Reason 2: You will boost yourself confidence
Knowing that you have some money set aside for emergencies will boost your confidence toward saving money.
Reason 3: You can plan ahead
When you save money you can plan for your future spending easily.
Reason 4: You can look forward to the unexpected
If you don’t have savings you will not look forward to the unexpected you will be filled with fear.
Are you in money troubles and say yourself I need fast money help? The most usefull site about how to get from money problems and also some tips to you money saving. Or wasn't help enought so you said definitaly I need money now!? You should visit a specialist to your money need.
How to save money with a credit card.
A fixed low rate
Choosing a card with a fixed low rate is a good idea as you will know your repayments each month. You will have an idea of the charges on your credit card, depending on your balance.
Beware of low introductory offers
If you take a credit card and do not wish to use the available credit on it on a regular basis but want to use a your card on one off purchase, choose a card that has low interest rate until you pay off the credit. Beware, most credit cards providers that offer a very low rate at the start usually have their rates increased after short time. Credit cards companies prefer customers who uses their credit cards regularly so that that they can benefit on interest.
If you prefer to pay off the whole amount on you credit card every month to avoid interest, look for credit cards that has a grace period. This allows you to pay off the outstanding balance with no charges.A card without a grace period will begin charging you interest the moment that the purchase is made.
Cash advance fees
Cash advances always come at a price, they is always a catch on cash advances. Most credit cards providers tend to charge interest at a higher rate for a cash advance.
Consider credit card protection
Taking credit card protection may seem like an unnecessary cost now, but credit card fraud has doubles in recent years. Protection plan protect you from any unauthorised payments on the card.
Stay within your credit card limit
If you spend wisely and live within your means, you shouldn’t exceed your limit.
With all being said I would warn you that spending money you have (cash) is better than spending money you do not have (credit card). Paying off that credit will depend on many factor s .eg you still have you job your job. In these hash economical times it is difficult to know the certaintyof your future earnings.