In today’s economy everyone is looking for ways to save money. The fact is, there are so many ways and so many places that are ripe for money-saving opportunities that it’s not even funny. On your home energy bills, your weekly grocery bill, during your commute to work and even at the pharmacy if you know the tapes that were about to give you you’ll be able to save here, there and everywhere. With that in mind and without further ado let’s get started. Enjoy.
- As silly as it might sound saving your loose change can really add up. A 5 gallon water bottle that is filled with nothing but quarters, nickels and dimes can add up to nearly $1000 and that’s not chump change.
- Review all of your bank accounts, credit card accounts and any other financial account that you have at least once a month to make sure that everything is kosher.
- If you’re planning on making a large purchase, say a flat screen TV or a new microwave, don’t make the decision to quickly. In fact take about a week to think it over, discuss it with your significant other and then, once you’re done, if you still want it and can afford it go and purchase it.
- Make a concerted effort to put as little debt onto your credit cards as possible.
- If you do use your credit card make certain that you can pay it off at the end of every month and avoid interest charges.
- If you are keen on finding out where your money is going diligently keep all of your receipts for at least four weeks to eight weeks and, when you have them all collected, make a spreadsheet to determine where you spent every penny. This can be the foundation of your new budget.
- Make sure that you go to the dentist on a regular basis and maintain your oral health. It’s seems silly to have to say this but some people still don’t take care of their teeth as well as which can lead to expensive oral surgery in the future.
- If you work for a large company find out what all of the perks that they have available for employees. In many cases you can find discounted offers for computers, gym memberships, movie tickets and many other items.
- If your company offers a 401(k) retirement savings plan take advantage of this excellent program.
- An excellent way to put money aside is to match any funds that you spend on nonessential things like beer and cigarettes. For example, is used in $20 on beer over the weekend match that $20 in your savings. The fact is, if you can’t do that then you probably can’t afford the $20 per beer to begin with.
- To determine whether or not you should make a purchase takes the cost of the item you want to buy and divide it into your hourly wage. If, you wish to purchase a pair of jeans and you make $10 an hour you must then ask yourself if it is worth working six hours for that pair of jeans.
- Use short-term goals to start building your savings until you have reached the point where it is substantial. For example, instead of trying to save $2500 this year making your goal to save $50 a week. At the end of the year you will have your $2500.
That’s the end of part one. We hope that you can take advantage of many of these money-saving tips and we invite you to come back very soon for part two.