Here's the next entry in "The Best Financial Tips from FMF Readers" series. Today's post is from Dawn at Frugal for Life who gives us the following advice:
My best financial advice is to always keep your eye out for free deals. Free deals come in all shapes and sizes.
- They are small like samples for products that allow you to save some money not having to buy an item for a while.
- They are medium size gifts, like receiving free 'hand-me-downs' from someone else for yourself or your kids.
- And they come in large sizes as well, such as decent furniture or household items that someone else got tired of and put along side the garbage. This allows you to give new life to it and fill a need without having to buy new.
Personally, I love FREE stuff. In fact, I love it so much, I made it my first name! ;-)
One FREE item people should consider taking advantage of is a "free" credit card. More commonly known as 0% interest credit card offers, these credit cards can help consumers save a ton of money!
Not only can you save on interest charges for new purchases, but you can transfer your existing debt to a 0% offer and save even more. Many people switch credit cards on a regular basis for the 0% APR and carry their balances completely interest free. Not only do you save money, but over time you will pay off your debt much quicker.
Just be aware: a 0% APR doesn't mean FREE MONEY! If you don't switch your card again, you will pay interest eventually. Unless you can pay off the new charges before the intro period is over, don't over-use this type of card and create even more debt.
Posted by: ASAP Credit Card | October 04, 2005 at 10:39 AM