Money Management Tips From Celebrities to Adopt In 2019

Nursing the dream of leading the lifestyle of famous individuals? You need to bear in mind the fact that it isn’t just about the glamour and extravagance. Below are some tips from celebrities on saving money. The tips include:

1. Make Use Of Coupons

Coupons can be a good way to save. Carrie Underwood, Lady Gaga and Kristen Bell all still use coupons while shopping. Bell, who is popular for her role in House of Lies admitted that she is very frugal. While speaking to Conan O’Brien, she mentioned to him that she uses coupons a lot.

Also, Carrie Underwood, the country singer shared that even though she sometimes forget the coupons, she makes it a habit to cut out these coupons. Lady Gaga also tweeted that she takes bargain buys seriously, noting that a lot of people look at her like she’s a crazy person whenever she makes use of coupons at stores or tries to bargain at retail.

Coupons tend to be a good way to save, and celebrities such as Conan O’Brien and Lady Gaga still use their coupons

2. Have multiple sources of income

Jay Leno who is a host of The Late Night Show revealed that the money he gets from comedy routines is all he spent and he doesn’t spend out of the money gotten from his show. Leno wrote that as a kid, he had two jobs one was working at a McDonald’s, and a Ford dealership.

Strive to have multiple sources of income so you can decide which part to save and which portion to spend

He said he would spend whatever he got from one of the jobs and save that gotten from the other and that childhood habit has continued till date. He said he hasn’t ever touched any part of his T.V. Money and only spends what he gets from his job as a comedian.

3. Use Public Transportation

Vincent Kartheiser, an actor popular for his role in Mad Men, said in 2010 that he would rather use public transport for moving around rather than using a car.

Using public transport instead of driving your own car helps you save the money you would have otherwise spent on parking fees and other expenses

He described using public transport as a wonderful experience and rather than driving or facing the stress of traffic, it becomes a spare time for you to carry out your exercises and do whatever you want to do while on the bus. That is a good way to save money expended on car insurance, car loan, road tolls, tax, parking fees as well as other expenses spent on cars.

4. Save Money

Regardless of the fact that she’s a rich supermodel, Tyra Banks believes strongly in how important saving is. She said she is a frugal person and has always been that way. She added that when she was young, her mom would give her her allowance and she’d shave off a portion of her weekly allowance and spare some.

5. Teach Your Kids About Money

The actress, Sarah Jessica Parker said she has refrained from spoiling her son though she can afford to. She said she remembers her childhood was one where she grew up with her family of 8 on welfare. Parker said her son, James Wilkie only wear clothes handed down by his older nephews.

She said she sees it as a duty on herself and her husband to show their son was that everyone owes the community one thing or the other and he doesn’t start to feel entitled to benefits of their hard work.

6. Manage Your Money In A Prudent Way

The finances of Zooey Deschanel, the songstress, and actress popular for her role in New Girl was revealed last year by a media outlet after the split from her husband. Every month, Deschanel whose net worth was close to $3 million last January said she spends $2,000 on clothes, $800 in utilities and spends $300 on email and phone. Every month, she donates $1,500 to charity.

Have a detailed plan about how you intend to spend your money monthly

Yuna, the local indie artist, has started to learn about money management habits particularly as she’s venturing into entrepreneurship. Yuna said in her growing years, she didn’t know so much about savings and similar stuff. It is now that she gets to go to banks several times that she has to find out her options aimed at ensuring that she would be safe for future times and has to learn all the things she knows herself.