October 14, 2012

October 14, 2012

Five More Bad Spending Habits

Welcome to another day in my life. Today is Sunday and I hope you are having a safe and great weekend so far. It is another very busy weekend for Dab the AIDS Bear and me.

Yesterday, I started blogging about bad spending habit so you should read the blog from yesterday before reading this one.

When people are living with chronic illnesses like HIV/AIDS and cancer, we have to learn to stretch our resources and I hope these two blogs help you to stretch your money.

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?

Hope these helpful tips help you stretch your budget and make wise spending decisions. Hope you have a beary safe and great Sunday!

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

big bear hug,

Daddy Dab