You're not really losing money to late fees...are you?
When it comes to expenses, there are things we have control over and others we do not. The key is eliminating unnecessary expenses whenever possible. Unnecessary expenses are those that we do have control over and that we bring on ourselves.
I knew someone who would rent movies from the Redbox and forget to return them. She'd end up having to purchase them. While renting the movies is somewhat inexpensive if you keep them longer than the agreed-upon time, you could end up with some hefty fees. For each day that you keep a rental, you are charged an additional daily rental rate plus tax(if applicable). There is a maximum rental period for each type of rental. When you reach the maximum rental period, you're then charged the maximum charge. This means that a $2 rental could end up costing you up to $70 dollars ($29.75 for a DVD, $34.00 for a Blu-Ray Disc, and $69.00 for a game). Yes...you read that right. Talk about unnecessary expenses! Just think if you had multiple rentals that you forget to return. It really could start to add up.
As consumers, we must really take charge of our money and spending. There's nothing wrong with renting a movie or a game, but when the rental becomes a purchase, that is a problem. Return rentals on time!
The same is true for rentals at say a library, a bike/scooter rental, and other things of this nature. Make sure you're not spending unnecessarily and excessively on things. Stick to your budget, set a reminder, set an alarm.
Other unnecessary expenses could come from late payments on bills and rent, parking tickets, forgotten free trials, paying for magazine subscriptions for magazines you don't read and there are plenty more examples that fit this category.
The major point is to know where your dollars are going. It's so easy to miss these types of things because alone, they're minor amounts, but as it builds, it can really start to eat away your budget. Do whatever works for you so that you do not forget to return rentals, so that bills are paid on time, and so that your money works for you and not against you.
I knew someone who would rent movies from the Redbox and forget to return them. She'd end up having to purchase them. While renting the movies is somewhat inexpensive if you keep them longer than the agreed-upon time, you could end up with some hefty fees. For each day that you keep a rental, you are charged an additional daily rental rate plus tax(if applicable). There is a maximum rental period for each type of rental. When you reach the maximum rental period, you're then charged the maximum charge. This means that a $2 rental could end up costing you up to $70 dollars ($29.75 for a DVD, $34.00 for a Blu-Ray Disc, and $69.00 for a game). Yes...you read that right. Talk about unnecessary expenses! Just think if you had multiple rentals that you forget to return. It really could start to add up.
As consumers, we must really take charge of our money and spending. There's nothing wrong with renting a movie or a game, but when the rental becomes a purchase, that is a problem. Return rentals on time!
The same is true for rentals at say a library, a bike/scooter rental, and other things of this nature. Make sure you're not spending unnecessarily and excessively on things. Stick to your budget, set a reminder, set an alarm.
Other unnecessary expenses could come from late payments on bills and rent, parking tickets, forgotten free trials, paying for magazine subscriptions for magazines you don't read and there are plenty more examples that fit this category.
The major point is to know where your dollars are going. It's so easy to miss these types of things because alone, they're minor amounts, but as it builds, it can really start to eat away your budget. Do whatever works for you so that you do not forget to return rentals, so that bills are paid on time, and so that your money works for you and not against you.
Have fun, live your life, but manage your money like a boss and remain in control.