When you’re spending, get the most out of your money
We all use money in one form or another every day so what can you do to get the most out of the money you already have? Here are some tips to help you spend smarter.
Get rewarded when you spend
Use your PSCCU Debit Card for your daily spending and earn 1 point in Member Rewards for every $2 spent. Plus get special discounts from merchants through the rewards site and redeem rewards on the go. Learn more at https://www.memberrewardsbyco-op.com/psccu/.
Or for larger purchases on your Visa Platinum Rewards Card, earn ScoreCard Rewards for every dollar spent. Pay off your card in full every month and reap the rewards without paying interest! Enroll at http://www.scorecardrewards.com.
Check your subscriptions
Are you paying $20, $50, or $100 a month for a gym membership or streaming service you don’t use that often? See if you can negotiate a lower monthly rate or plan or ditch it altogether and put the monthly savings toward something else that’s more worthwhile.
Automate your bills
With bills you pay every month—think car loan, utilities, mortgage—set them to auto pay so you’re not tempted to spend that money on other things. By ensuring that you pay your bills on time every month, you’ll avoid paying any late charges AND boost your credit score over time.
Enroll in loyalty programs
When a business you frequent has a reward or loyalty program, sign up. Overtime the savings can really add up whether it’s at your local grocery or hardware store, hotel rewards, or frequent flier miles. Plus, you’ll get notices when sales or special offers are coming up so that you can maximize the value of your dollar.
Shop resale or better yet, Buy Nothing
Local consignment stores and online services like CraigsList sell gently used goods at a fraction of the cost of the new versions. Or try BuyNothing—a program born out of concerns for waste being deposited in landfills. Find a local group to barter and trade items with your neighbors at https://buynothingproject.org/find-a-group.
Use your money to make money
Ensure your money is in the highest earning account. Earn up to 4.07% APY* on your checking account with GreenRewards Checking. If you have money in a savings account, consider moving to a certificate where it will earn more interest over time. (See previous article on CD laddering.)