This week’s newsletter contains a juicy secret about saving money 💰, a newsworthy story about the future of crypto ⚡, and Taylor’s tool for life 💦 Read more to get the priceless tea!
🤫Let’s fill you in on the secret
The most effective way to save money is to never let it out of your sight. But that’s not always feasible, so here are some other ways you can sprinkle away the dollars without even trying:
Set up automatic transfers into a savings account.
If you want to save money, the easiest thing you can do is set up automatic transfers into a savings account. You don’t need fancy software or complicated systems; all it takes is some paper and a pen! Here are the steps:
- Set up an automatic transfer from your checking account (which will be your primary source of income) to your savings account at least once per week.
- Don’t worry about how much money gets transferred; just use the same amount each time—it doesn’t matter if it’s $10 or $100, or whatever is comfortable for you!
- Be sure that there are no conditions on these transfers—otherwise, they might not happen as often as intended (and then where would we be?).
Put the money you save into a different bank account.
Finally, you will want to put the money you save into a different bank account. That way, it won’t be as easy for you to spend it. You can use that money for something special—like a vacation or expensive treat—or simply pay off debts with it. Either way, having the money in a separate savings account ensures that it stays out of sight and out of mind until you’re ready for it!
Take advantage of deals.
- Take advantage of deals. The easiest way to save money is by taking advantage of deals that you can find online, in your mail, at the grocery store, or elsewhere. For example, you can save up to 50% off brand-name cosmetics at Ulta Beauty with their “21 Days of Beauty” event from September 18 through October 3rd. You can also save 25% on select items at Kmart by signing up for its Friends and Family program. And if you’re a member of rewards programs like Ibotta or Swagbucks, remember to collect your cash back when shopping online!
- Look out for other opportunities as well! There are plenty more ways to save money besides just buying something on sale—for example:
Buy generic brand items when possible.
Generic brands are often just as good as the name-brand version. This can be especially true for food or household items such as shampoo, detergent, and laundry soap. Generic products are cheaper because they don’t have to pay for expensive marketing campaigns like name brands do. However, they’re still high quality and often indistinguishable from the more expensive options.
To find a good generic brand: read reviews online or ask friends who have used one before if they liked it; also look at price per ounce when comparing different products of similar size so you can get an idea of which one is less expensive overall.
Become a savvy shopper.
- Scan the weekly circulars and keep an eye out for sales.
- Buy generic brand products, which often cost less than name-brand products. You may have to try a few to find one you like, but it will be worth it in the long run.
- Download savings apps like Ibotta or Checkout51 and scan your receipts after shopping at certain stores. You can earn rebates or cash back on certain items that way!
- Shop online whenever possible (if you’re not sure about a particular item’s quality, just read reviews). Besides being able to compare prices more easily, you can use cashback sites like Ebates or ShopAtHome to earn money back on purchases!
- Online shopping is convenient. You can do it from the comfort of your own home, and you don’t have to talk to anyone or fight off crowds at the mall.
- Online shopping can save you money. Sometimes there are coupons for online retailers that don’t exist in-store, or their prices are competitive with their brick-and-mortar counterparts.
- You can research products before making a purchase, which means you will know exactly what you’re getting before paying for it—and you won’t regret spending your hard-earned cash on something that doesn’t meet your needs or expectations! If there aren’t any reviews for a product yet (which is often true), ask around among friends and family members who might have used similar models before making a purchase decision; this way, we’ll be able to avoid buying things that turn out not be worth our time and effort!
Use coupons and apps to get cash back.
If you can’t remember the last time you clipped a coupon, then it’s time to start. Coupons are a great way to save money on everyday items, and they can be found in all sorts of places (newspaper inserts, websites like Groupon and RetailMeNot, or even just hanging from a store display).
If you’re really strapped for cash and want to stretch your dollar as far as it’ll go—and who doesn’t?—then coupons are one option for cutting back on your grocery bill. For example: If you regularly buy toilet paper at Walmart ($18 per roll) but don’t have any coupons on hand, try looking online first before heading out the door. A search through Groupon will reveal several deals offering $5 off one item at Walmart; more than likely this means that the brand of toilet paper in question is included in the offer as well. Other popular brands like Charmin or Quilted Northern might also be included with other household items such as soap or dishwashing liquid (each coupon usually lasts about 30 days).
Another way to make sure you get every penny back when shopping with coupons is by using an app like Checkout 51: This app allows shoppers to scan bar codes on their mobile devices while at checkout so that they can receive cash-back rewards without having used any actual coupons beforehand! What’s not to love?
Saving money doesn’t have to be difficult or complicated.
Saving money doesn’t have to be difficult or complicated. You can save money in many ways and it’s easy if you follow some general guidelines. There are two basic steps:
- decide what you want to use your savings for, and then
- create a plan that gets you there
📰 In the news
Crypto regulation is a broad term that refers to the laws and regulations surrounding the cryptocurrency industry.
- The benefits of regulation include:
- Increased trust for investors, businesses, and consumers
- Reduced risk for investors, businesses, and consumers
- Better protection against fraud and scams
- The risks of regulation include:
- Increased costs for investors, businesses, and consumers as well as decreased innovation in some cases if regulations are too strict or too many restrictions are placed on the use of cryptocurrencies.
The overall impact on crypto investors depends on which country they live in. Some countries have no official regulations at all while others have strict rules governing how cryptocurrencies can be used by individuals or businesses.
How to Find if Crypto is Legal in Your Country
Check the laws of your state, county, city, and municipality.
The most important thing to remember is that you should always check the laws of your country first before investing in cryptocurrencies. However, if you want to invest in a specific cryptocurrency and you are not sure if it’s legal in your country, then there are two things that you can do:
- check the laws of your state (if applicable),
- check the laws of your county/city/municipality
How to Find if Crypto is Regulated in Your Country
There are a few things you should look at to determine if your country has crypto regulations.
- Look at the government’s stance on crypto. This can be done by looking at their official websites, reading their news articles, and following them on social media.
- Look at the government’s stance on regulation. This can be done by looking at their official websites and reading their news articles.
- Look at the government’s stance on taxation (this is important because it can have an impact on how much you get taxed). You can find this information by checking with your local tax office or doing some research online about what taxes are imposed in your country.
- Check if mining is legal in your country – this is important because many people mine cryptocurrencies for profit like Bitcoin, Ethereum, etc., so knowing whether or not mining is legal will help you determine if it would be profitable for you to start mining in this area of expertise!
- Check what exchanges operate within these jurisdictions – some countries don’t allow citizens access to various exchange sites while others may only allow certain exchanges due to regulatory issues surrounding those platforms specifically!
What are the current regulations and what can be expected in the future?
The current regulations around the world are not consistent, and this can be confusing for cryptocurrency users. The US has the most stringent laws when it comes to cryptocurrencies while the UK is at the opposite end of the spectrum with no clear regulations in place. It’s important to note that these regulations are in constant flux, so it’s best to stay up-to-date on any developments in your country or region.
With regulation, there will be more clarity and ultimately more widespread adoption.
The regulatory aspect of cryptocurrency is going to be a huge factor in its adoption. It’s important for people to understand that regulations are not being implemented because the government wants to slow down or stop crypto; rather, regulations are being put in place to protect consumers and ensure that cryptocurrencies function as intended.
With regulation, there will be more clarity and ultimately more widespread adoption. The world is moving toward universal acceptance of this new form of currency, but there needs to be some sort of standardization before it becomes mainstream.
🧰 This Week in Taylor’s Toolkit
Listen, this week in my toolkit is an essential of life. It’s free in some places, and expensive in others…. but it can truly impact your productivity and energy levels – which means you’ll be able to really get your pretty penny. This tool is WATER! *splash sound effect* I’m a true believer in the power of water. I know what you’re thinking, “this is such a boring tool thanks for nothing,” but LET ME TELL YOU! After getting the Stanley Tumbler, I have not felt more hydrated and refreshed!
❓ Ask the Expert
“Taylor, I am looking to get married soon and my fiance has a lot of debt if we get married will I be responsible for it? ”
Hey Brian! This is SUPER exciting! We will need to see the priceless photos from the wedding when it occurs!If you’re thinking about getting married and your fiance has some debt from their past, don’t let this scare you off. The fact is that most people marry with some sort of debt — it’s just a part of life these days.
Without knowing the full story, the general rule is that a spouse is not responsible for the debts of the other spouse unless it was a joint debt. So if you take on your fiance’s debt and make it your own, then you are responsible for it.
The long answer is a bit more complicated. It depends on what kind of debts they are and whether they’re in both of your names. If they’re only in your fiance’s name, then they are responsible for those debts. If the debt is in both names (like most credit card debt), then you’ll be responsible for it as well.
If you want to get into the details, here are some things to consider:
- Income – Does your fiance make enough money to cover all their expenses plus any additional ones that come up?
- Debt – How much debt do they have? How much can they afford to pay each month? What are the interest rates on their loans?
- Credit report – Does your fiance have any bad marks on his credit report that could affect your ability to get a mortgage or other loan in the future?
Another thing to consider is getting a prenup. Prenups aren’t just for the rich and famous. They’re also useful when one spouse has significant debt from student loans or medical bills that they want to protect against the other spouse’s creditors in case of a divorce. Some people worry that getting a prenup signal that they don’t trust their partner enough to get married without it. But it’s actually the opposite in my opinion — it shows that you’re willing to put in extra effort to make sure that both partners know exactly where they stand financially before entering into marriage.
Good luck! I’d love to get a follow-up on this piece and see what you end up doing!
Your priceless person for financial education,
Ask your question here!
📎Links we love!
- In the news!
- How to set GOOD financial goals – featuring Taylor!
- Stanley Quencher Flowstate Tumbler – priceless peeps drink lots of water
- My Latest Video!