Personal finance tips reddit how to#
Personal finance tips reddit cracked#
Personal finance tips reddit mods#

It's the reason why the concept of FIRE didn't quite take off with me. And I'm not advocating some sort of YOLO lifestyle, but you're young once. I save and contribute way more to my pension now at 75k than I could ever have hoped to at 38k three years ago. I see so many people salary sacing to increase pension etc. The last point sounds obvious- but it links back to the the first two points.

The best way to save money is to increase your income.

undervaluing of youth (twenties and thirties).

I don't have a tip, but after being on this sub for just over a year there are a few general concepts that don't get taken into account as much as they should. Look for Chartered and/or Certified Financial Planners: Treat any information, recommendations or 'advice' that you read here with caution and always do your own research.įor financial advice, consider seeking out a professional. This subreddit is not a source of regulated financial advice. Overwhelmed? Start with our Recommended ResourcesĮxchange Rate and Market Timing Questions (and why they're banned) Important Information Speak to StepChange, a debt-management charity, or Citizen's Advice Useful Resources Official UKPF Discord Server - Discuss your pounds and pence in real-time.

Personal finance tips reddit mods#

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Personal finance tips reddit how to#

You can find out how to get the most out of our subreddit First time poster? You know you’ll likely pay upwards of $100 for putting the pedal to the metal a little too aggressively.Discuss, learn and request advice on how to obtain, budget, protect, save and invest your pounds and pence. Reddit user u/Shariq1989 saved over $20 just by calling the manufacturer instead of trashing an old garbage disposal.Ħ. Some manufacturers offer discounts on new appliances even if the warranty on your old one is expired. Your old appliance may just help you get a discount on a new one. This proactive step likely saved thousands of dollars.ĥ.

Personal finance tips reddit cracked#

When the homeowner brought the issue up to a friend, they ended up finding a cracked water main that was on the verge of rupturing. And commit to building an emergency fund so you can do without credit card insurance altogether. Check your credit card terms and understand what you’re paying. While there are some legitimate reasons for having credit card insurance-payment protection or interest suspension during a crisis-you certainly don’t want charges piling up that you aren’t aware of. After a little research (and many hours of phone support), he got to the ugly truth: he’d been paying for credit card insurance-for a long time. Reddit user “u/Underwater_Grilling” noticed small, unrecognizable charges on a store card. Yup, another credit card tip, but we bet you haven’t heard of this one.

Watch out for automatic credit card insurance charges. This Redditor has done the math for you, and it’s an eye-opener.Ĥ. You’ll end up paying more principal and less interest, thus paying your balance down much faster. If you can afford this month’s minimum payment, make that same payment next month, instead of the new minimum. If you do find yourself in a cycle of credit card debt, you need a new plan. Game the minimum payment system to pay off credit card debt. With APRs climbing as high as 29.99% on some store cards, you’re probably better off ignoring the promo and skipping the extra card.ģ. According to Reddit user u/pretend_im_right, the average time it takes someone to pay off a single purchase is a whopping six years. Yes, the promotional savings on that back-to-school haul may be tempting, but paying the balance off may cost you big in the long run. And everyone knows impulse buying can derail even the best laid finance plans.Ģ. After all, if you weren’t planning on buying the item in the first place, you’re just spending more money.