Every turn in life seems to have its own price tag. From college tuition to everyday tasks like grocery shopping, it can feel impossible to get ahead.
But sometimes, a little knowledge can prevent you from giving away hard-earned money that you simply don’t have to be giving away.
Apply early for student aid
Different schools have different deadlines for student assistance. Make sure to check early (like, really early) when the deadline is, because there’s nothing worse than just missing the boat. We’re happy to give you a student loan, but it might not be as necessary as you’d think.
As crazy as it may seem, there are an overwhelming amount of people with insufficient insurance. While it is no doubt incredibly tempting to merely settle for the bare minimum insurance plans (or even avoid insurance altogether), it will likely turn around to bite you in the butt.
Imagine you’re riding your bike in the bike lane, whizzing past cars parked at the side of the road. Life is good, until the door from the car in front of you swings open, and the driver starts to exit their vehicle. You now have 0.2 seconds to take out a health insurance plan.
Save for retirement when you’re actually employed
Now for this one, you may have lots of time to change your saving habits. Maybe you’re already saving and this doesn’t apply to you. But if you’re not, you should probably start. Perhaps instead of buying your venti vanilla latte (with a bag of kettle cooked chips as an ‘occasional’ indulgence that happens to be an every day ritual), try ordering a medium coffee from a local coffee shop. It’s far cheaper, and the coffee is could be a little better.
Over time, these small savings will really add up! Your 65-year-old self will probably thank you when he/she is sipping a Pina Colada somewhere in the Bahamas.
Pack a lunch
Simple, we know. But over the course of one year, this simple task can save anywhere from $2000 to $4000! This doesn’t mean you have to be an outsider though. If your coworkers like to go out for lunch, you can still join them, just bring your own food. Or at least get some of the cheaper things on the menu.
And if they give you flak for never ordering an overpriced Tunisian salad, wait a few years and show them the $15 000 you saved. ‘Who’s laughing now?!’
Of all silly, and wasteful things to do with your money, the silliest thing of all would be to take out a loan from anyone besides Magical Credit.
Magical Credit offers bad credit, short term loans with a fixed monthly rate, meaning there are no surprises or surcharges. Getting qualified takes as little as 5 minutes - apply for a loan online today!