Hacks – skills and shortcuts – are used in many life settings. For personal finance, here are some tips that can help stop money leakages:
- Only use credit cards with financial advantages, such as cashback; always pay off credit card balances on time.
- Making weekly payments, instead of monthly, helps to save interest and reduces the amount owed faster.
- Pay off loans/debts with the highest interest rates first.
- You might consider paying off a debt with another loan if the new loan has a much lower interest rate.
- When shopping online, leave the item in the cart for several days or weeks; the price may be lower or you may decide you don’t really need the item.
- Consider bulk purchases with friends to qualify for free shipping.
- Take advantage of seasonal sales.
- Unsubscribe from email offers.
- Avoid household clutter to save time and money.
- Cook your own meals; online videos and recipes offer fast, easy meals.
- Talk to others for investment advice.
For additional information on personal finance hacks, click here.
- Have students tell their personal experience with tech, travel, or personal finance hacks.
- Have students create a video to dramatize various personal finance hacks.
- How would you decide if a personal hack will be of value to you?
- Describe actions that might be used to communicate personal finance hacks to others.