Tricks

5 Frugal Living/Personal Finance Myths That Keep you Poor

If you need to make an online purchase, then it pays to look for the best deal so you can actually save money.

Capital One Shopping is an internet browser extension that automatically applies promo codes to your online orders (such as at Amazon, Walmart.com, as well as 1,000+ other online retailers).

It takes seconds to add to your browser, and from that point on, you save money without lifting a finger.

For example, when you’re checking out from Amazon, Capital One Shopping automatically tracks down active coupon codes to knock-down your price.

This browser extension saves you both time and money because Capital One Shopping does all of the bargain hunting for you.

Add this money-saving gem to your arsenal to effortlessly keep more money in your pocket.

Myth #2: Don’t Use Credit Cards

I know, I know. Some debt-free gurus say never to use credit cards.

My standard answer has been: You can tell me what to do when you pay my bills.

Those gurus have a point:

When you carry balances on your credit cards, you rack up small interest charges each month that add up over the course of a year or two or four.

That’s not good.

Credit cards, especially rewards cards, have a place in your financial strategy.

They can be a wonderful tool when you are intentional and disciplined with your money because you earn a percentage back for every dollar you spend, usually around 1 to 2%.

The key to making credit cards work for you is to pair a great rewards card with a plan only to charge items that you can safely pay off when the statement arrives in your mailbox.

This means you save for major purchases before buying them.

When you have the money in the bank, make your purchases on a credit card to score some rewards, and pay the bill when you get it.

Used properly, credit cards can earn you hundreds of dollars a year in rewards, and this is sweet when you are going to buy the stuff anyway.

How to Earn Cash Every Time You Swipe Your Credit Card

Getting a rewards card is relatively easy.

Trying to find the right one for you, well, that can be a little more difficult.

Good thing Credit Land makes it easy to select the one best for you.

Credit Land does all the research for you so you can compare rewards cards.

Do you want a cash-back rewards card? A gas rewards card? A travel rewards card? One with a good sign-up bonus?

No matter what kind of rewards card you are looking for, Credit Land’s ratings will help your decision.

Myth #3: I Don’t Earn Enough To Save

 

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