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How to Trick Yourself into Saving Money

by Advance Financial | June 8th, 2017

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It’s all in your head! Being financially frugal with your money and putting some away to save is all about psychology. You’ve got to mentally commit before you’re ever going to be able to see the numbers increase. Here are some pretty simple ways to trick yourself into building that savings account.

Get More Tax Refund with Payroll Deductions

We know – manually removing money from your checking account and putting it into savings can be painful. Even having money be automatically taken out every month hurts because you still see that money leaving. Out of sight, out of mind. That’s the moto you need to focus on and the best way to do this is to claim fewer exemptions on your W-4 so extra cash is withheld from your paycheck. When tax season comes around you will get all that extra money back through a refund. You never had to see the amount actually leave your account the whole year so you won’t even notice it’s not there.

Remove Credit Card Numbers from Online Shopping Sites

One of the best moves from online retailers was adding the feature to save your credit card information for easy checkout. I mean think about it. The extra steps at the end of checking out can actually make you not even want to make a purchase on something you don’t even need. By removing all of your cards from all your favorite stores will force you to take that extra step of checking out when shopping online, which in turn, is deter you away from even making the purchase, hopefully. If you are an online shopping addict, you’ll be shocked at how much you can save by taking away the convenience factor.

Make Yourself Think You’re Broke

When your checking account is overflowing with cash it’s easy to spend money like you’re a celebrity. Easy way to fix this- make it look like you’re broke. Figure out the base amount you’ll need to survive and put the rest in a separate checking account that’s not connected to a card. Just the fact that looking at your main checking account and seeing a low number will be enough to put you on guard to think twice about every purchase. And if it gets to the wire, you can always transfer some back. But make sure it’s just enough to get you through. Once payday comes back around transfer whatever is left in the second checking account into savings.

Transform Your Routine

Change things up and make expensive routine things in your life either be scarcer or completely disappear. Take smoking for instance. Cut back or completely quit. Not only will it be a lot healthier, but you will also save a lot. Do you have a routine of eating out with friends multiple times a week? Try making a new tradition of eating dinner at each others house and everyone brings a dish. This one definitely takes creativity, but if you can find ways to switch out expensive routines for cheaper ones then you will be one your way to saving some green.

 

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Tips and Tricks for a Profitable Summer Yard Sale

by Advance Financial | June 2nd, 2016

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So you’ve already attempted the whole yard sale thing before and failed miserably. The goal of extra cash while de-cluttering your home ended in a trip to goodwill while barely making any money. A yard sale can be a lot of work and if you go about it the wrong way you can end up with a whole lot of wasted efforts. Done right, and you end up with extra cash in your pocket and less left over items to get rid of. Follow the tips below and you’re sure to have a prosperous summer yard sale.

Advertise

Make sure your presence is known. Put up multiple signs around your neighborhood that can be clearly read and are not too flashy. All that needs to be advertised is the address and time. And so everyone knows ahead of time, place signs 2 to 3 days prior to the event. It also helps to place an ad in the local newspaper, as well as letting neighbors know via a post on a group/community Facebook page.

Layout

Make it easy for your customers to shop. Some maybe looking for a specific item, so make sure everything is visible and no one has to rummage through a pile of stuff. Group items in categories like toys, kitchen items, and furniture. When it comes to clothing, have everything hanging if possible and arranged by size.

Presentation

Think about a retail store and how much work goes into displaying the products. Looks matter, and If you’re selling clothes that look dirty and wrinkled, there is a good chance they will be passed over by shoppers. Clean all items prior to the sale to make them shine like new, and for clothes make sure they are washed and ironed. Furniture needs to be arranged as it would be in an actual room. An example would be to layout a rug underneath a couch or other furniture for sale. Playing soothing music in the background also will add to the ambiance of your yard sale boutique and give shoppers a better experience.

Price

You can expect to be confronted by hagglers trying to get you to sell an item for practically nothing. Don’t give in. Have prices clearly mark on each item, and make sure all items are not overpriced. Bargain hunters will be less likely to ask you to sell an item at a lower price if it is already a great deal. And remember, part of the goal for your yard sale is to de-clutter, so getting rid of an items for less than you paid for it shouldn’t be an issue. For bigger items like furniture, make large price signs so shoppers aren’t searching for that small, hidden price tag.

Timing

Timing is everything. You can have some great items that you are practically giving away, but if the time frame is off then you won’t be selling anything. Go ahead and cut weekdays out. The chances that people will want to come shop after a full day of work is very slim. Friday evening is the optimum time to start a yard sale. Not only will you attract those who are starting their weekend, but it’s also a great time for retirees. Though we recommend running your sale Friday to Sunday, if you’re planning a one-day sale make sure it’s Sunday. Most people will be running errands on their Saturday off, so a Sunday will probably end up being a much more profitable day. Start early and end late. 9:00 am to 4:00 pm is a good timeframe to ensure all who planned to come get a chance to.

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