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Beware: Saving Ideas That End Up Costing You!

Cost-Savings1-300x199Not all saving ideas can help you, believe it or not.  You may think you are saving but you are actually losing money in the process.  Below are some common strategies that you may want to reconsider the next time you believe you are getting a “good” deal.

  1. Buying Something Just Because It Is On Sale-This can cause you to buy items that you don’t really like and may not even use or wear.  Items on sale are likely non-refundable in most cases, leaving you stuck with an item whether you like it or not!  Before buying a sale item, ask yourself if you really want it or if you are just purchasing it because it is on sale.  You might be surprised at the answer once you reconsider.
  1. Joining Store Loyalty Programs- Some stores have a one-time joining fee, and you feel obligated to go to that store no matter if it has the best deal or not. You may also find yourself shopping there more often and buying things you don’t necessarily want or need. It is better to find the best deal and not join loyalty programs at specific stores or chains, unless you know you are going to get the same item over and over at the same place!
  1. Overspending to Earn Reward Points- This applies to many credit card companies, they want you to spend a certain amount of money and in turn you can receive points, miles and in some cases gifts.  The problem with this is at times you may overspend just to receive a reward.  This in turn will make your bill larger, and if you are unable to pay it off every month you are spending 0-20% on interest depending on your credit line.
  1. Buying Everything in Bulk- It seems like a great strategy in theory, however, not every product was meant to be purchased in bulk.  Items such as potatoes and onions are good to buy in bulk because they will last week’s; however leafy greens, cucumbers and other fruits and vegetables spoil in 4-5 days. Before buying bulk items that do not come in a can, a box or that can be frozen, seriously think about the likelihood of utilizing all of the product before having to throw it out.  This will eliminate not only wasting products, but wasting money as well!
  1. Buying More to Avoid Shipping Charges- Many online retailer’s offer free shipping if you spend a certain amount. The problem with these offers is that you end up spending more and getting more than you wanted, when really in most cases the shipping cost is way less than the items you purchased to receive the free shipping.

Before taking advantage of these common “money saving” strategies, you may want to reconsider them by deciding if your actions will actually save or cost you money.

Please like us on Facebook and follow us on Twitter to stay up-to-date on money-saving tips, budgeting information, and fan/follower only discounts, deals and contests!

Cashland is a leading provider of fast and friendly financial services including Oklahoma personal loans, prepaid cards, check cashing and Western Union money orders and money transfers.

 

Employee of the Month

Congratulations to Emily Quintana, who has been chosen as the Cashland Employee of the Month! Emily is a manager at store 50 in Oklahoma City. Read below to learn a little more about this devoted employee.Emily

What is one of your favorite quotes?

“Do to others as you would like to have them do to you”

What chore do you absolutely hate doing at home?

Washing Dishes

What is your favorite time of day/day of the week/month of the year?

My favorite time of day is 9:00 p.m., favorite day of the week is Sunday and my favorite month is July

If you could learn to do anything what would it be?

Work on cars

If you won the lottery, what is the first thing you would do?

I would give to church, charities and to my family

What is your favorite food?

Dr. Pepper and Enchiladas

What is the best/worst gift you have ever given/received?

Best gift was my child

Would you rather take pictures or be in pictures?

Take Pictures

If you could witness any event past, present or future, what would it be?

When man walked on the moon for the first time

What do you miss most about being a kid?

Being worry free, no bills and work and I miss having my parents

Name a famous person you have met.

George Lopez

Which one of your character flaws would you like to improve?

Not being so shy around new people

Cashland is a leading provider of fast and friendly financial services including personal loans, prepaid cards, check cashing and Western Union money orders and money transfers.

 

Saving Strategies for Recent Graduates

shutterstock_121532371So many young adults graduate from college in hopes of landing their dream job and getting paid well.  The reality of this happening is slim.  Many “20-somethings” have college debt and cannot land on their feet as easily as they had planned.  It will take some planning to get started on the right financial road to success.

If you plan well there is comfort that can be found in the thought you will someday retire comfortably.   Below are 3 simple steps to take in order to come out on top!

  1. Live with your parents; many young adults are not flying away from the nest, rather they are bunking up with their family.  This does not mean a “free ride” but it is the difference from spending several hundreds or even over a thousand dollars on rent vs. helping pay part of groceries and bills and perhaps a minimum fee to live.
  2. Get rid of any debt; this can include federal student loans, credit card debt, or any other debt that may have acquired over the years. Meet with a financial advisor to actively set up a plan or visit one of the National Foundation for Credit Counseling member agencies who offer free counseling sessions online, in person or by phone.
  3. Make a budget; really define a want from a need. Think of ways to cut down on excess, whether it is living with roommates, shopping at a thrift store, becoming a property manager in order to live rent free or just cutting out that extra daily cup of coffee.  There are so many things that can be cut out to take a minimalist approach to living. Also, if your company has a 401K match, take full advantage of the match and if it is possible put in the max for yourself the company allows as this will help your retirement contribution immensely!

Please like us on Facebook and follow us on Twitter to stay up-to-date on money-saving tips, budgeting information, and fan/follower only discounts, deals and contests!

Cashland is a leading provider of fast and friendly financial services including Oklahoma personal loans, prepaid cards, check cashing and Western Union money orders and money transfers.

 

Summer Savings

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There are many things you can do to turn down the heat on your finances this summer.  Before you know it you could end up in credit card debt or scrounging on back-to-school wardrobes and supplies. Instead of worrying about savings this summer, you need to have fun, kick back and relax.  Get in the habit of saving by following the below suggestions on hot summer topics!

Save on Groceries
Kids are out of school and your fridge is not staying as stocked as long, plus you will have more picnics, cookouts and family gatherings, before you know it your grocery bill is sky rocketing.

There are several things you can do to keep the bill down. Start by couponing. It is on trend right now and you can find coupons in your local paper, online and even apps on your phone! Also whenever you find an item you like that is on sale and you know your family will use, go ahead and stock up on that item.  Shop generic brand items instead of national brand names, most the time you cannot even tell a difference and sometimes the store brand is even better.  You will see significant savings without losing great quality and taste.

With the rising food prices and with the DIY mentality, home gardening is growing in popularity. This is a great way to be outside, get some exercise and eat pesticide-free food without the high cost associated with buying organic produce at your nearest grocery store. Now some of you are thinking, “I don’t have room for a garden” well if that is the case you can even save by growing fresh herbs in pots or in home herb gardens. There are huge savings linked with gardening, and it can also be a family fun event as well!

Save on Travel
Airfare for the entire family can be difficult – but it’s not impossible. Use a website like BookingBuddy.com to track the price of your flight and get a better sense of when to buy. If you purchase your tickets early in the week (Mondays and Tuesdays are often when rates are lowest), and plan to depart on a Wednesday (generally the cheapest day of the week to fly), you may be able to score a better rate.

If flying is not in your budget, plan a Staycation. Camp in your own backyard or a nearby National Park, play games, cook s’mores and tell scary ghost stories. You can also go to your nearest waterpark, amusement park, zoo, art or science museum or visit an afternoon matinee.  You can check out your state’s tourism website, chances are you can find great destinations and deals right in your own backyard!

If you decide not to fly or to plan a Staycation, then you may choose a road trip. If this is the path you choose, then you will want to find the nearest stations with the cheapest gas by using a website or app like GasBuddy.

Save on Energy

Did you know that by adjusting your thermostat by three degrees can save you as much as 20 percent on your home energy bill during the sizzling summer days?  You can also keep your house cool and save money in the process by doing the below simple steps:

  • Replace air filters regularly.   Why? Because a dirty air filter can decrease the efficiency of your cooling system by 2 percent—meaning you’ll be using more energy and not getting cool air in your home.
  • Adjust the thermostat when you’re not around. If no one is home there is no reason to be cooling an empty house, research shows if you raise the thermostat by 7 to 10 degrees when you’re away from home, you will save significantly. Some energy companies provide you with programmable thermostats to use which is worth the investment and some will place them in your home free of charge, you just have to call!
  • Close shades during the day.  According to the U.S. Department of Energy, drawing the blinds or closing the shades can reduce heat gain in summer by up to 45 percent.
  • Seal air leaks. By simply purchasing a caulk gun, you can seal leaks around windows and doors which will lower your cooling costs in the summer and your heating costs in the winter. According to the Energy Star site, sealing leaks in air ducts can improve your cooling system by 20 percent.
  • Use fans. A simple ceiling fan or floor fan can make a tremendous difference in temperature without having to turn up the a/c. Ceiling fans use anywhere from 10 watts to 100 watts. Air conditioners use 2,000 to 5,000 watts. This means you will be saving tons of energy by using a fan.

Hopefully these tips will help you in planning your summer, at any rate, you’ll feel better saving money and adopting a do-it-yourself mindset this summer.

Please like us on Facebook and follow us on Twitter to stay up-to-date on money-saving tips, budgeting information, and fan/follower only discounts, deals and contests!

Cashland is a leading provider of fast and friendly financial services including Oklahoma personal loans, prepaid cards, check cashing and Western Union money orders and money transfers.

 

Employee of the Month

Caroline EOM

 

Congratulations to Caroline Camp, who has been chosen as the Cashland Employee of the Month! Caroline is a teller at one of our locations in Oklahoma City. Read below to learn a little more about this devoted employee.

What is one of your favorite quotes?

“Every problem has a solution”

What chore do you absolutely hate doing at home?

Taking out the trash when someone else leaves the trash for weeks

What is your favorite day of the week? What is your favorite month?

My favorite day of the week is Saturday and my favorite month is May, because it is my grandma’s birthday and Mother’s Day!

If you could learn to do anything what would it be?

I would like to learn how to change the oil and tires on my car, just in case something happens.

If you won the lottery, what is the first thing you would do?

I would donate a part of my winnings to a hunger organization, my church and friends and family.

What is your favorite food?

My favorite food is Pho and my favorite thing to drink is Soy Milk, Dr. Pepper and Root Beer

What is the best/worst gift you have ever given/received?

Best gift was my first bike; worst gift was a pair of ugly pants.

Would you rather take pictures or be in pictures?

Take Pictures, especially of the outdoors

What is your favorite movie or television show?

My favorite show is Family Guy and American Dad. My favorite movie is Despicable Me (1 & 2) and Fast and Furious

 What toppings do you like to eat on your pizza?

Sausage, mushroom, onions, bell peppers, pepperoni and bacon

What musical instruments do you play or wish you could play?

Piano

 

Cashland is a leading provider of fast and friendly financial services including personal loans, prepaid cards, check cashing and Western Union money orders and money transfers.

 

Simple Ways To Save Money For Your Summer Travel

We all want to enjoy the nice weather and summer vacation, but how do we budget for travel when inflexible expenses are in the way such as shelter, food, bills etc.? It is possible to save and there are things you can do that will surprise you!

  • Have a goal to save for like a big trip abroad or driving cross country.
  • Take out the amount of money you need per week and then use that for all expenses, no more, no less – then put the rest of your money in your savings for the vacation.
  • Picking up a part-time job can ramp up your savings.
  • Take a look at your “extras” such as close, furniture or electronics. If you do not use it, post it on Craigslist or take your clothing to a consignment store. You can also go old-school and have a yard sale.

Besides actually saving your money, there are other ways to lower the cost of vacations as well:

  • Avoid holidays and the cost of airfare will go down.
  • Check out house-sharing sites like Airbnb or HomeAway to save on hotel costs.
  • Be flexible with your destination city and dates and you can score some amazing travel deals.
  • If you are taking a road trip, consider camping out in KOA campgrounds along the way, bring a tent and you will spend $20-$40 depending on the location.

Please like us on Facebook and follow us on Twitter to stay up-to-date on money-saving tips, budgeting information, and fan/follower only discounts, deals and contests!

Cashland is a leading provider of fast and friendly financial services including Oklahoma personal loans, prepaid cards, check cashing and Western Union money orders and money transfers.

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Wedding Saving Tips

It is that time of year again when it feels like you have a wedding almost every weekend or you may be in the midst of planning your own.  There are several things you can do to save money when planning your wedding, remember this is supposed to be one of the best moments in your life not a time for you to become financially wounded.  An increasing number of individuals are ditching the big ticket wedding items and making some changes.

One of the first things that will save you money is to forgo the save-the-dates and just stick with the invitations. If you find it truly necessary, then send via email.  It used to be conceived as being cheap but putting the save-the-date online is now accepted.  Many designers are even creating electronic versions for you to purchase, such as Paperlesspost.com.

Another suggestion would be to trade in the traditional wedding cake for something different, such as cupcakes, donuts, cake pops or other alternatives. The large wedding cake is not only costly ranging from $500-$1,500 it also comes with other fees such as delivery, cutting and serving.  By going with an alternative desert, this allows for several different flavors by mixing-and-matching for all your guests to enjoy.

The average wedding has around 131 guests, many couples are starting to keep the guest list to a minimum, but still want friends and family to be a part of their big day.  One trend that has become very popular is that couples have started broadcasting their weddings for all to see and be a part of. By using UStream.com guests are able to view the wedding via a mobile device or a webcam.

Lastly, opt for something borrowed. It could be a family air loom or it could be something you borrowed from a friend.  This could be very special and you may end up saving a lot of money as well.  If you don’t want to borrow from a family member or friend, there are several sites available for brides who want to recycle their wedding accessories and decor such as recyledbride.com or 100layercake.com.  Wedding sites like these will save you thousands, and you are doing a good deed by recycling!

Please like us on Facebook and follow us on Twitter to stay up-to-date on money-saving tips, budgeting information, and fan/follower only discounts, deals and contests!

Cashland is a leading provider of fast and friendly financial services including Oklahoma personal loans, prepaid cards, check cashing and Western Union money orders and money transfers.

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