Financial Fitness Tips: Opportunity Knocks

Tip 5: Opportunity Knocks!

Most people only consider “money” when they hear someone talk about “assets”, but there are lots of other resources and opportunities that you can tap into as part of your financial fitness plan. Think of your family, friends and neighbors as great resources for help and savings. Ask a friend who has a wholesale store membership to shop with them for the day, so you can take advantage of the deals without the membership fee. Look for discounts and coupons for friends and family and consider sharing, like joining together your family’s phone plans.

Borrow what you can instead of buying. Ask your neighbor to lend you an item that isn’t used every day, like major tools for around the house – just be sure to return it! If you’re behind on some of your bills, you may want to consider a small loan from your family to get current or avoid late fees, which can really add up. If you’re trying to work your way into our First of the Month Club, borrowing one payment from your family that you’ll pay back in 2 years can be just the boost you need to get your payment in before the first. If you continue to make your payment to us on time over 2 years, you have 24 chances to win before you have to pay back your family!

Tap into your tax refund. According to the IRS, the average tax refund is over $2,500. Make good use of this money from Uncle Sam by bringing your payment current or getting it in before the first of the month.

Another potential source for cash is your own belongings. Hold a tag or garage sale to clear out those items you no longer use or need. Depending on the items you have to sell, you earn over $500 in a weekend.

Takeaway: Take creative advantage of the opportunity knocking – you have more than you think!