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🗓️ 1 December 2022
⏱️ 10 minutes
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0:00.0 | This is Optimal Finance Daily Episode 2119, 6 Ways to Turbo Charger Savings, by Jay |
0:07.7 | Money of budgetsorsexy.com, and I'm your host and personal finance enthusiast, Diana |
0:13.8 | Mariam. |
0:14.8 | Now, let's hear today's post as we optimize your life. |
0:22.7 | 6 Ways to Turbo Charger Savings, by Jay Money of budgetsorsexy.com |
0:29.6 | Here are a handful of things I do or did that have really impacted our finances over |
0:34.8 | the years. |
0:36.1 | Check them out and see if any of them are worth testing. |
0:39.8 | 1. |
0:41.2 | Rounding up debt payments, whatever your monthly payment is, just round up to the nearest |
0:46.5 | 10th dollar and kill off a little extra debt without even noticing it. |
0:51.0 | This works so well for credit cards, car loans, or even mortgages, or if you really want |
0:56.3 | to step up your game, round up to the nearest 100th dollar. |
1:00.6 | We've probably shaved off at least a year or two of payments doing this, and it makes |
1:04.8 | it a bit easier to budget too if you prefer using whole numbers versus exact numbers. |
1:11.4 | 2. |
1:12.4 | Rounding up investments, similarly, if you get into the habit of rounding up your monthly |
1:18.0 | investments, they'll only compound that much faster, and if you really want to speed |
1:22.9 | things up, use apps like Acorns, which will automatically round up all of your transactions |
1:28.4 | to the nearest dollar, and drop the difference right into investments for you. |
1:33.2 | So every time you swipe your card for coffee or groceries or even your 100th Amazon purchase |
1:38.2 | of the week, you'll feel a tad less guilty, knowing that you're at least investing at |
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