Saving Money By Limiting Shopping
Recently I wrote about my friend Emily and how little she cares about saving money. I think one of the reasons she doesn’t like to think about it much is because she really likes to shop and doesn’t want to limit her enjoyment of shopping.
I’m probably pretty average when it comes to shopping. As you know, I LOVE fashion, and I adore time with my friends, but I don’t like the pressure to always be buying, either.
I’ve read several money saving tips that really focus on “buy this, not this,” but what I really want are some tips that keep me from shopping too much!
That’s why I really like the tips that came out of Capital One teaming up with Digital Lifestyle Expert, Katie Linendoll. Katie created these tips in support of Capital One’s One new 360 Money Market — an online account offering no fees, no minimums and a high-yield 1.0% APY for balances over $10,000.
The 360 Money Market from Capital One features include earning 1.00% Annual Percentage Yield on balances of $10,000 or more (The national Money Market rate is 0.26% http://www.thesimpledollar.com/best-money-market-account/ ) Accounts that have less than $10,000 earn an everyday rate of 0.60% APY. There are no fees and your deposits are FDIC-insured up to the allowable limit (See www.fdic.gov for additional information.)
You also have 24/7 Access to your money wherever you are, either online or with the top-rated Capital One mobile app. If you need to speak with a real person, you can call 1-800-289-1992 any time.
Basically, it’s a great way to save money that doesn’t rely on you spending money!
Here are three other tips Katie had that also don’t revolve around shopping:
- Cut the cord: The average cable bill per household comes in at around $99 per month, and most people don’t watch a few (or a few hundred) of those channels. A one-time purchase of a media streaming device will cost about the same as a single month of cable. Subscribe to your favorites and you still save around $1,000 a year. *SOURCE: An annual survey by Leichtman Research Group
- Trade in your old tech for cash: Got some old phones and tablets lying around? They could be worth a couple hundred bucks. Many internet trade-in sites and retail stores will offer gift cards and even free shipping for your old tech through something called “recommerce,” aka reverse commerce. If you can make money off old things lying around, do it!
- Take charge of your spending: Stay in control of your spending. Capital One Enhanced Transactions gives you a full snapshot of transaction details, like purchases, ATM withdrawals, merchant names/logos and a bunch more. Plus, an easy-to-read pie chart gives you a quick glimpse of the categories where you’re spending your money. Seeing it laid out like that might make you reconsider when and where to splurge.
I’m going to be trying out these tips, and a new Capital One 360 Account and see how my money saving goes!
This is a paid endorsement. All opinions are my own and were not directed by Capital One. To learn more about Capital One, visit www.capitalone.com.
This is a sponsored conversation written by me on behalf of Capital One. The opinions and text are all mine.