One of the biggest things I've had to conquer since becoming a mom is getting and keeping my finances in check. That means, cutting back on some things, buying quality over quantity, doing alllotttt of window shopping, and having an eye for sales amongst other things. So far, so good. Obviously there is always room for improvement so I want to use this space for a dialogue.
Here are some of my secrets:
- American Express Personal Savings Account: I am a firm believer in saving money. Nowadays, savings accounts are not accruing as much interest as they use to which has caused many people to keep their money in their checking accounts for easy access. I am a fan of free money so I keep most of in my personal savings account. American Express has the highest interest savings account with no strings (i.e minimal balances, maximum transfers). I highly, highly, recommend opening an account. The only downside is that its online only so its not for those who are technologically challenged.
- Ebates: I was super skeptical about ebates before. I mean... have you seen their commercial? it seemed a bit sketchy and sort of like a scheme to me. But one day I decided to visit their website and I am sooo soo glad that I did. Ebates allows you to get cash back for shopping at selects stores and also alerts you to discounts and coupon codes. This month alone I got $50 back for doing what I was going to do anyway -- online shop! If you are a big online shopper, this website is a MUST.
- Amazon Prime: I don't know if I'm lazy or just plain crunched for time
all the timebut Amazon Prime is a life saver. I literally order all of my essentials from Amazon and prime allows it to get here in two days. Most of the time Amazon's prices are MUCH BETTER than the competitors so buying from Amazon makes sense. Prime cost $89/year but if you are a big online shopper (think: buy bulk diapers, shoes, make up, shampoo/conditioners, or baby supplies from the web) then you eat this expense easily within the first two months.
- Store credit card: This is going to go against all common knowledge but if you frequent a store very very often and have good willpower, go on and open a store credit card. I love the gap and it's pretty much where all of Ian's clothes comes from. I virtually get everything from the gap 30-45% off because I own a gapcard. I also get reward points/certificates that I can use at some of their 'higher in' stores such as banana republic or pipperlime. Since I was going to buy these clothes anyway, these $$ rewards are just icing on the cake. I recently used my rewards to buy this for $20. The catch is, the interest rates are crazy high and if you cannot or chose not to pay the balance IN FULL, each month, then the card is simply not worth it.
Those are my tips!
Did I alert you to anything you didn't know?
Do you have any tips? Please leave them below!