When I was an engineer in manufacturing, all department managers would gather together with their counterparts from different plants about once a year to share “Best Practices.”
Best practices are improvement ideas they’d come up with on their own during the year that could be adopted by others so that everyone would benefit.
Let’s share Best financial practices here…what are your ideas for
how to budget,
how to not overspend,
how to be content,
how to get a good deal,
whatever…
Just add comments down below. Some of the Peachtree staff are going to be sharing their best practices, and if you have a great idea, we may make it into a post of its own.
What are your best practices? Comment below.
Tags: Best Practices
November 18, 2008 at 2:35 pm
The idea’s “How to be content” One thing that’s helped me thru the years is to ask myself, Is the item I’m about to buy something I need or something I want? If you answer yourself truly, most of the time you’ll put the item back.
November 18, 2008 at 3:24 pm
Awesome, rglmc! Paul said if we have food and clothes, that will be enough. Boy, we it’s so easy to want a lot more than that.
November 19, 2008 at 9:48 am
On “How to get a good deal” If you do not have a rewards credit card than you missing out on a good deal. I use mine to pay almost everything, some utilities will actually let you use it, It’s like free money. The key is to pay it off every month because they usually carry a higher interest rate. I also have a non rewards credit card with a lower rate I use if I need to carry a balance.
November 19, 2008 at 1:35 pm
rglmc, just realized who you are! Glad you’re posting! You’re absolutely right about the key being to pay off the balance every month. When I’ve used a card to get something, over time, I generally end up spending more than I save. When I was flying, I did get a few free plane tix with a Skymiles card.
Keep the ideas coming! I appreciate it!