You’re Already Losing Money With These Habits. End Them Today

Posted April 18, 2013 by Marcy Twete in Life After Five

Recently, I’ve told you about my own personal plight to change negative financial habits in my life. I changed my credit card settings, and I’m working on living smarter in a post-cash world. This last week, though, I realized sometimes making smart financial choices isn’t always about saving or course correcting. Often, it’s about avoiding places where you might already be losing money.

Here are a few places where your cash may already be going up in flames and ways to get it back!

  • You’re not getting credit for airline points. Even if you only fly a handful of times each year, being a member of an airline frequent flyer or credit card rewards program is worth it. If you’re anything like me, you’ve probably signed up for a frequent flyer program at some point, but don’t always remember to enter your number every time you book a flight. Last week, I went back to my United profile (created years ago) and put in all of my flights from the past year (thank goodness I saved confirmation emails). Now, I’m nearly to Gold status on United! Wow!
  • You’re paying per text. I hear about so many people who are continuing to pay per text on their cellular phone plans instead of buying a plan. This made sense five years ago when you might have been new to texting, but now that $5 a month is probably more economical. Change it now!
  • Get a programmable thermostat. Sure, you want to crank up the heat when you’re home so you’re nice and toasty, but if your heat is running high like that all day, you are losing precious dollars every day. Programmable thermostats can be found at any home or hardware store for $30 or less. Take the time to program your heat and air conditioning to remain low or off when you’re not home during the day and save valuable cash.
  • Cut fruit and package vegetables the minute you get them home. Honestly, Career Girls, how many times have you thrown out bad fruit you ordered but never ate? Too many, right? Instead of throwing away expensive fruits and veggies, make time immediately upon bringing them home to cut them up and put them in individually packaged containers, wash them, and be sure they’re 100% ready for immediate consumption. Then you’ll be much more likely to use them before they go bad.

Where can you stop bleeding cash? It’s easier than you think.

About the Author

Marcy Twete

Marcy Twete is a career fundraiser turned corporate responsibility executive, a career and networking expert and the author of the book "You Know Everybody! A Career Girl’s Guide to Building a Network That Works."