July 23, 2013

July 23, 2013

10 Bad Spending Habits
Part 2

Welcome to another day in my life. Today is Tuesday and I hope you are having a beary safe and great start to your week. It is another busy week for Dab the AIDS Bear and me.

People living with HIV and AIDS have a lot of medical bills. Even if you are not on medications yet, you still have doctor and lab bills. Once you start on medications, the bills can really escalate quickly. So most people have to watch every dollar unless they are lucky enough to have a large income.

So what can we do to correct bad spending habits. Well first we have to recognize those habits and that is what I started blogging about yesterday. You can break these habits and save even more money and I will finish those tips today.

6. Late fees

Recent consumer protection regulations have helped to limit how much lenders can penalize you if you're late with a payment, but Americans still pay more than $20 billion each year in credit card late fees and other penalties! Put routine monthly bills on an automatic payment plan through your bank so they're always paid on time.

7. Dry cleaning

Check yourself and your garment tags if you're constantly running to the dry cleaners. Few of today's garments really need to be dry cleaned. Hand washing in cold water and then air drying is preferable for many apparel items, according to Consumer Reports. Home dry cleaning kits are another money-saving alternative.

8. Brand-name products

We're conditioned by advertising to reach for brand-name products without even thinking. At least try generic and store brands, starting with the products you buy most often. You'll typically save 20 percent or more.

9. Aggressive driving

Fast and aggressive driving is dangerous and can cost you big bucks in terms of accidents, traffic tickets and increased insurance premiums. But even if you survive those hazards, aggressive driving rapid acceleration, fast cornering and sudden braking can lower your gas mileage by as much as a third, not to mention increase wear and tear on your vehicle.

10. Lottery tickets

Speaking of driving, did you know that if you drive 10 miles to buy a lottery ticket, statistically speaking you're more likely to be killed in a car accident than win the jackpot? Why not just stay home and save what you would otherwise spend on lottery tickets? WOW!

Hope these tips help you stretch your budget and that you have a beary safe and great Tuesday!

Until we meet again; here's wishing you health, hope, happiness and just enough.

big bear hug,

Daddy Dab