Tips for Saving Money
With the economy in freefall, everyone is concerned about spending too much money. We all need to save money but a lot of times people dont know where to start. We have a lot of expenses. With spiraling costs it is difficult to live on a shoe string budget. Many people are losing their jobs and yours might be next and so it is wise to curb our expenses. How do we do that? Here are some tips that can help you save some money;
Cut your credit card into four pieces and throw it into the trash. This plastic money has created havoc in the lives of people. The way it lured people to swipe and get wiped has left many people in financial mess. Actually we end up buying things which we dont need just because of credit cards. Buy avoiding to use credit cards, you won't be tempted to always pay for things with plastic.
If you want to learn how to budget, you need to learn what you are spending your money on. Write a list of all your expenses and categorize them based on importance. List the essential ones first (ie utility bills), then other important bills (like food), and discretionary expenses (like shopping) next. After you do this, you'll have a clear idea as to what is important and what can go right away.
A great way to save money is to get rid of your car. Cars cost a lot of money with repairs, insurance, and gas. They are not cheap to own. Get rid of it and you will save a lot of money. You'll have to learn how to use public transportation and walk places but it is much more liberating. Moreover, in many cities, you can rent cars cheaply for the day if you really need to go somewhere.
Reduce your outings and eating at restaurants. This is another major expense that we can do without. Going to a cinema hall is very expensive. Instead wait for the DVD to come out. You can watch the same movie at less the cost. Making your food is much more rewarding than eating out all the time and learning to cook is a skill that will last you a lifetime.
Saving money is something everyone wants to do but everyone has a hard time doing. In this consumerist society, it is really easy to spend money all the time. In order to save money, you need to really look at your budget and cut out the fat. This will ensure that you save a lot of money in case of an emergency and to go out and travel and retire early. - 23305
Cut your credit card into four pieces and throw it into the trash. This plastic money has created havoc in the lives of people. The way it lured people to swipe and get wiped has left many people in financial mess. Actually we end up buying things which we dont need just because of credit cards. Buy avoiding to use credit cards, you won't be tempted to always pay for things with plastic.
If you want to learn how to budget, you need to learn what you are spending your money on. Write a list of all your expenses and categorize them based on importance. List the essential ones first (ie utility bills), then other important bills (like food), and discretionary expenses (like shopping) next. After you do this, you'll have a clear idea as to what is important and what can go right away.
A great way to save money is to get rid of your car. Cars cost a lot of money with repairs, insurance, and gas. They are not cheap to own. Get rid of it and you will save a lot of money. You'll have to learn how to use public transportation and walk places but it is much more liberating. Moreover, in many cities, you can rent cars cheaply for the day if you really need to go somewhere.
Reduce your outings and eating at restaurants. This is another major expense that we can do without. Going to a cinema hall is very expensive. Instead wait for the DVD to come out. You can watch the same movie at less the cost. Making your food is much more rewarding than eating out all the time and learning to cook is a skill that will last you a lifetime.
Saving money is something everyone wants to do but everyone has a hard time doing. In this consumerist society, it is really easy to spend money all the time. In order to save money, you need to really look at your budget and cut out the fat. This will ensure that you save a lot of money in case of an emergency and to go out and travel and retire early. - 23305
About the Author:
Joe James gives financial advice for a living. He resides in the southwest of the United States and is a retirement specialist. You can find out more information at his website about figuring out finance.
posted by Mr. Forex at
3:37 AM
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