Don’t Do These 7 Things When You Get Paid | How to save money after getting Salary

In this Article we’re taking a look at how to save money at atlantis how to save money at cheesecake factory how to save money at lush how to save money for a nose job how to save money on dental implants how to save money on pool chemicals the Don’t Do These 7 Things When You Get Paid | How to save money after getting Salary seven things that you shouldn’t do  with your money after you get paid. And today we’re flipping around and talking  about those things that you might want  to avoid and look we all know the  obvious ones like don’t spend too much  money or don’t gamble your money at a  casino. Those are very obvious things  that you should not be doing and  hopefully you’re not doing at the moment.  When you get paid let’s talk a little  bit more in depth hopefully some of  these are going to be things that maybe  just haven’t crossed your mind or you  haven’t heard of in quite some time so  let’s just get started with this Article…..

Don’t accept initial Salary

 let’s talk about the first one  which is don’t accept the initial salary. that’s offered to you ,When you’re  applying for a job now there’s a couple  of reasons for this and look if you  already have a job. You also can consider asking for a raise, We’ll talk about both of those in the  next 30 seconds here but when it comes  to getting jobs especially in America, the unemployment rate at the moment it’s  3.7 percent that’s the lowest has been  in about 50 years so what this means is  that there’s a lot of employers looking  for employees but not enough people to  fill those jobs because it’s such a low  unemployment rate which means that  people like you and me we have the upper edge when applying for jobs at the  moment in a very good economy. So what  this means is that we can ask for a  higher salary than what they might offer  us and I think a lot of people just kind  of get off and say that you get offered  $42,000 per year for a job. And they just  automatically take it now unless it’s  this case where there’s no other jobs in  a 100 mile radius you absolutely need  this job or you want this job because  you love what they’re doing here then  maybe just consider accepting the job  but in other cases you can kind of pick  companies against each other and say you  know what you’re offering 40 mm. I need  44, I need 45 thousand, maybe I need more  vacation days so you start to negotiate  a little bit more when applying for jobs. And if you already have a job which  chances are you probably do then  consider asking for a raise it’s  incredible how many people I meet. When I  ask them “I say once the last time you  got a raise from your job” and sometimes  it’s been five years ten years even 15  years  people don’t get raises because they  just don’t ask for them and there’s that  comment saying that if you don’t ask for  it you don’t get it or something I don’t  know what the words are behind it but  it’s very true  look so consider going into work  tomorrow or sometime this week and just  saying hey I’d like a raise I think I’ve  been working pretty hard around here I  think I’ve been producing a lot of stuff  for the company so can I have a race  maybe a dollar now or two dollars now or  more per hour and you’ll see just how  many times people actually get raises  simply from just asking for a raise now  chances are you’re probably not gonna  get fired. You have very little to lose  when asking for it  if you do get fired I’m sorry this is an  advice this is just an opinion here this  is just some ideas but that’s something  that you might want to consider doing  actually before you get paid is asking  for a raise and negotiating your salary. In terms of your salary and your  employment with your employer let’s talk  about the next one here it’s one that’s  fairly predatory. I really don’t like  this and people should try to avoid this  at all costs and that is by taking  advantage of predatory loans which would  be something like payday loans.

Payday Loans

Payday loans the problem with this and  look I see these ads everywhere maybe  you see these two where maybe there’s an  ad of somebody at a gas station and  they’re they’re saying hey I’m buying  gas. Now but I don’t get paid till Thursday,today’s ,Monday but I’m buying  gas with my paycheck that I got a payday  loan from this fancy little app we’re  not going to name brands here but  essentially this is a very very poor  financial decision you’re essentially  getting someone to front you money for  money that you should be making on that  specific day. So if you get paint on  Thursday but you’re buying something on  Monday because you had to get a loan for  it it’s just not a good decision all  around the board you’re probably getting  some money shaved off the top of that  and look if you can’t afford to buy  something now because you have no money  in your bank account. then a payday loan  it’s just such a short-term solution.  it’s not going to help you in the long  term it’s going to make you even poorer  than you what you may be at the moment. So if you want to go to a football game  this weekend but you have no money in  your bank account so you get this payday  loan app like I said we’re not going to  name companies here and you can get your  paycheck upfront that you’re supposed to  get in a week or in two weeks and  they’re gonna shave some money off the  top of that you want to go to the  football game $150 for a ticket. Maybe  you just shouldn’t go to the game maybe  you should find a way to start saving  money so that you can go to the next  game instead of using this simple quick  solution of  payday loan so just try to avoid those  at all costs I really don’t like them. I  feel like they’re fairly predatory and  they’re just not a good thing to be a  part of so the next one here that I want  to share with you is just spontaneous  purchases.

Spontaneous Purchase

So the next one here that I want  to share with you is just spontaneous  purchases all around. So what I like to  do here in most cases is let’s say that , You get paid $2,000 every other week so  you make it fifty two thousand dollars  per year you get $1,000 per week but  it’s paid every two weeks on a Thursday. Let’s say I don’t know why they’re  always on Thursdays but a lot of people  get paid on those days so let’s say that  you get your money two thousand dollars  lump sum in your bank account. A lot of  people will go out and they’ll start  buying these big things maybe they buy a  season pass to a ski resort or they go  out and buy a snowboard try not to make  these spontaneous purchases. When you get  this money but rather spread it out over  the next couple of weeks that you’re  using this money until you get your next  paycheck a lot of people run into those  problems where they just make these  spontaneous purchases the best way to  combat this is to use something that we  call the 24-hour rule it’s so simple but  it really does save so much money. I use  it all the time where let’s say that you  want to maybe buy a season pass to a ski  resort . I know winter’s coming up here and it’s  a it’s a very large amount of money I  say it’s a thousand dollars for the  season pass it’s a really nice resort  thousand dollars you want to buy it  think about it for at least 24 hours  maybe 48 hours and then you might change  your mind on it. I know for myself I  found myself once I stopped myself from  making spontaneous purchases especially  online it’s it’s so easy to make  purchases online you can buy a new  laptop in the next 30 seconds right now. After this Article if you wanted to by  just putting in your credit card  information go on Amazon and you’re done  right so just try to think about this  for a little bit longer at least 24  hours and then you might start to change. Your mind say wow what was I thinking  yesterday about trying to buy this  thousand dollar item I can’t afford that  probably not a good financial decision  for the long term so just make sure that  you’re doing that all right so another  thing that you should not do when you  get paid is signing on the dotted line  too quickly.

Signing on Dotted line Too Quickly

another  thing that you should not do when you  get paid is signing on the dotted line  too quickly and now when I say this  maybe you think about car loans maybe  you think about some type of home  mortgage just signing away on a legal  document but I’m also referring to  things like say you’re renting a home  somewhere and your landlord presents you  with a 40 page lease that you have to  sign most people  we’ll just breeze through it sign the  line because they just don’t feel like  reading through all the technicals of  this entire packet of this legal  document but this is a legal binding  document that you need to be very aware  of what’s inside of there I’ve seen  landlords slip in some very very clever  tricky clauses within there that can end  up really screwing you over you’re  shooting yourself in the foot by not  reading it over so make sure that  whether you are gonna rent something  you’re gonna buy something any type of  legal document maybe should maybe just  make sure that you are not just breezing  through it very quickly but make sure  that you’re actually reading what’s  inside of there and if you’re getting a  car loan I’m not a big fan of car loans  but they’re generally pretty low three  four five percent sometimes even lower  but if you’re gonna get a car loan make  sure that you’re understanding  everything behind that the interest  rates behind that instead of just the  payment a lot of car dealerships will  just present you with the monthly  payment instead of actually talking  about the interest rate so make sure  that you’re just reading all of that  over very very carefully and it’s gonna  end up saving you a lot of headache in  the future trust me  I’ve signed leases in the past where I  was just too lazy or I was in a rush I  said you know what I don’t have time to  read over this but I trust you the  landlord to make sure that it’s fine so  I just signed away and I ended up really  hurting myself and losing a lot of money  I mean a couple hundred dollars but it  was still a lot of money to me when I  was in college so that’s something you  want to be very aware of and the next  one here is actually just eating out at  restaurants

Eating Out

So once you get your  paycheck if you go out to restaurants  and I actually Read a Article. Just the  other day I think it’s from two cents  from PBS a very good channel but they  talked about how eating out keeps you  poor and you know there’s actually a lot of things to this Article. There really is  that if you go out to a restaurant so  you go out once a week you spend seventy  dollars per week eating out at a pretty nice restaurant maybe with your family  with your friends there is certainly  something nice about that it’s nice to  have the atmosphere to get very nice  food made for you. But if you’re doing  that too often especially if you find  yourself in a financial pinch or in a  position where you’re not able to save  as much money you’re kind of wondering  where you can start cutting back on  think about cutting back on food that  you’re going out to eat because this is  really a depreciating asset. Once you eat  your food it’s totally gone and you’re  not going to have any value after that  so that that’s just something that you  do want to be very careful of how often  you’re actually eating out versus how  much food you’re making at home. I can  end up  spending 30 or 40 dollars per week on  groceries for the entire week because  I’m buying the right things that I’m  able to really stretch pretty far  without sacrificing health without  sacrificing the amount of food that I’m  eating just by simply going to the right  stores buying the right foods and  getting them for relatively inexpensive  amounts of monies…

OverPriced Information

So number two is  paying for overpriced information now we  could refer to a variety of different  things within this point here one of  them being online courses that are  multiple thousands of dollars. You’re  paying two thousand dollars for an  online course or a digital program that  shows you how to save money when you  could just go to your free local library  and learn as much as possible from that  for totally free you could watch Articles  like this you can read blog post there’s  so much free information out there I  just don’t like spending money on  education now college is obviously  something that’s very expensive in the  United States that I paid quite a bit of  money for but there’s still cheaper  options for college as well what I did  is I tested it out on a lot of subjects  and got credits for that using it’s  called the club CLEP for testing out of  college classes and getting credits for  it. And there’s a lot of different things  you could do to save money on education  I just really don’t like paying for  information there’s so much out there  for absolutely free but you’ll never be  able to get to all of it I mean there  are thousands of book books in the  library and you’ll never be able to get  to all of them so that’s why I just  don’t pay for anything that’s why we  don’t sell any thing on this channel we  don’t sell online courses programs  anything because I just don’t believe in  them I don’t think that they are in most  cases I don’t think that they’re worth  it now there are some that maybe if  they’re showing you how to do something  that’s really difficult to find exactly. how to do it say some people like Graham  Stephan some really good courses meet  Kevin some really good courses on real  estate then maybe that’s something that  you could consider spending a little bit  of money on a couple hundred dollars on  but I think the ones that are thousands  of dollars I’m just not a big fan of  them this is somewhat opinionated maybe  you’ve bought them in the past and  you’ve done really well with them but I  think one of the best ways to learn is  just through your own experience and  through free information because there  is so much of it out there and the final one here maybe you have heard of this  one before and we tend to end a lot of  her Articles like this but it’s just so  important it’s just thinking about every  item that you’re purchasing what’s the  value of that item in the  a couple of years and how much value  does it hold.

Asset that RUST, Rot or Depreciate

So looking at depreciating  assets anything that rust rot sword  appreciates I try to avoid buying those  now obviously you have to buy food and  you know if you spend $100 this week on  food next week that foods gonna be worth.  Nothing because you ate it or it went  bad or it rotted so it’s not going to be  good anymore right you have to make  those purchases but there’s other things  in life where maybe you’re thinking  about should I buy this car, should I buy  this snowboard , should i buy this this  jet ski? right what’s the value of it  this is what I do every time I make a  purchase especially a purchase that’s  over say a couple hundred dollars all  kind of track the the value of these  items and say well you know if I buy  this car today what’s it gonna be worth  in five years and chances ought to be  worth about sixty five percent less than  what it’s worth today so if I pay twenty  thousand dollars for a car today, it  might be worth about thirteen thousand  dollars if I did that math right  thirteen thousand dollars in the next  five years so just kind of make sure  that you’re able to find which items are  depreciating and which ones are not  depreciating. if you’re buying say you’re  buying something that’s a gold bracelet  that’s a 24 karat gold bracelet that you  might pay $1,500 for today what’s the  value of that going to be in five years  probably it’s Moe in most cases it’s  going to hold its value better than  something like like something that  depreciates very very quickly.

money saving guide Don't Do These 7 Things When You Get Paid

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