Credello: This Labor Day, Learn These 3 Techniques to Labor Less

What if instead of working for money, your money could work for you? That’s the underlying principle of finding a path toward creating wealth, early retirement, and having more time to spend on whatever you like.  
As you enjoy the long weekend this Labor Day, think about what goals you have for your future, what’s in the way, and what sorts of plans you can make to help overcome those obstacles. 
1. Pay off debts ASAP
So long as you have debt obligations, you’ll be facing pressure to come up with funds to pay them off. Even if your payments are manageable right now, the longer it takes for you to pay off your debt, the more money you pay overall, and the less money you have to save or invest so that it can start to work for you.  
When you’re shopping for credit cards, mortgages, or any sort of loan, always be sure to look at the big picture: How much will it really cost to pay this off if I am able to pay it sooner rather than later? The higher the interest rates, the harder it will be to pay off the debt quickly. You can use a debt snowball calculator to help you figure out your options and put together a plan of attack for taking care of debt once and for all. 
2. Automate your savings
Just as buying a $5 coffee every day adds up, so too does putting away $5 every day into saving or investing.  
There are apps you can use to automate savings in different ways, but there’s also the good old-fashioned method of making a habit out of saving. You might surprise yourself how much faster you reach your savings goals if you regularly put money away, even in small amounts.  
There’s nothing wrong with starting small! Even if you start with putting away $1 per week, after a certain number of weeks you might decide to increase the amount. All the while you’re building a healthy habit and building your savings. 
3. Invest in superior products
Start thinking about how much things really cost — not just in terms of what you see on the price tag, but in terms of how well and how long they serve you. For example, you might think you’re saving money by buying a cheap T-shirt, but if you have to replace it often, you might be spending more overall than if you bought higher quality clothing that doesn’t need to be replaced. 
It’s not just the cost of purchasing the cheap item repeatedly, it’s also the time you spend at the store, the clutter you accumulate, and costs of disposing of it—sometimes it makes more sense to invest in quality over quantity. It won’t come right away, but the savings will come to you in time.  
The bottom line: Keep your eye on the prize
With the right strategies, the work you put in now can pay off immediately and over time. By taking care of debt, building solid saving habits, and making the most out of every purchase, you’ll be clearing an easier path to reach your financial goals.  
Source: Credello