A lot of grocery items are expensive because they are ready made and convenient to use. It spares you the time and effort of having to prepare it yourself. Aside from siphoning off your budget, they are also packed with preservatives, chemicals, and artificial flavors.
If you’ve lived in crippling fear and anxiety of your debt for several years, you may feel that being debt free is the ultimate goal. After years of faithfully setting aside money to pay off your debt, you may find yourself suddenly debt free and asking – what next?
Each time you use your credit cards at restaurants and online transactions exposes you to risks of credit card scams. Vital information such as your credit card number, name, birthday, and address may also be stolen through fraud survey calls, emails, and internet forms. Your credit card may be skimmed or copied and used for unauthorized, expensive purchases.
These days credit cards are in abundance. It’s not uncommon to receive a credit card in your mailbox without actually applying for them. They will entice new applicants with all kinds of freebies and discounts with partner merchants. They also offer lower initial interest rates to transfer or consolidate your balance with other cards.
If you are facing sudden income changes such as reduced income or unemployment, you might resort to relying on your credit card for your daily expenses. This will shoot up your credit card debt and monthly payments and it may be harder to keep up.
Backpackers are travelers who are looking for creative ways to travel cheap. In this backpacker’s blog post, he provided an excellent summary of his expenses, accommodation and food options while traveling the East Coast.
If you’re not in the habit of tracking your expenses, chances are you don’t realize how the little expenses add up in your budget. According to MoneySmart, Australians spend a lot of money on non-essential and discretionary expenses like alcohol, gadgets, fashion and entertainment.