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4 Smart Ways To Spend Your Cash Right Now

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By Tanisha A. Sykes  · March 15, 2018

This article originally appeared in the September 2013 issue of ESSENCE

Personal finance guru, Tanisha A. Sykes, shares how small investments can pay off big. Here’s what you can do with the following:

How else can you build a meaningful relationship with a senior-level player without busting your budget? Hint: Take the exec to the best restaurant you can afford. The coffee will be great; the conversation even better. Log on to timeout.com, zagat.com, and theworlds50best.com for restaurant ideas.

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Time is money, so if your in-box is cluttered with too many random jokes from friends, notes from your daughter's school and urgent reminders (everything is urgent these days), it's worth it to simplify with Postbox (postbox-inc.com), a desktop app that costs $9.95. It organizes and separates personal and work e-mail, rearranges your in-box with the highest priorities first, and automatically summarizes replies and forwards them into who-said-what-when discussions. No more hunting for that e-mail. Genius!

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Late fees, over-the-limit fees, bounced-check fees. Sound familiar? From a missed credit card payment to a forgotten check, these charges can wreak havoc on your finances, costing hundreds, if not thousands of dollars a year. Overpay your bills before they are due. An additional $15 toward a $180 monthly gas and electric bill, for example, equals one extra payment a year. Set up automatic monthly payments, and if a financial emergency arises, redirect the "extra" funds where needed. For easy ways to track your spending, try money management systems like moneyStrands and Buxfer.

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