Tips to Help You Save Money
Saving money can be tough. For most people it takes hard work, dedication and follow through. I’ve compiled a handful of tips I feel can help you get ahead and start saving.
Everyone wants your money…okay, perhaps not everyone, but lets face it, businesses want your money, banks want your money, maybe your kids want your money? There are specialists out there that thrive on figuring out how to get you to part with your hard earned dollars regardless if you need what they are selling or not.
Below are some things you can do to keep more of your money.
- Set goals upfront. Determine what is a reasonable amount to save and write it down, or create an excel spreadsheet and track what you are saving. Do your best to keep yourself on track. If you find you can only save a small amount of your income each month try adjusting your budget in order to free up more money to save because every penny counts.
- Some people collect baseball cards, antique bottles…you name it and chances are someone collects it. Try getting yourself in the collecting mentality. View savings as just another way of collecting. You might find the process more rewarding and gratifying.
- Continue paying a bill once it is paid off, only make that payment to yourself. How rewarding would it be to pay a credit card off and then take that payment and put it in your savings? Not only would you be saving money, you would also be earning interest rather than paying it!
- Evaluate your current budget frequently. I recommend at least twice a month. Doing this will help you identify where you are spending money and where you might be able to cut back and start saving. For example, if you eat out four times a month you might decide to try only two or three times a month and save what you don’t spend.
- Do some research. Are you getting the lowest insurance rates? How about your cable or cell phone bills? In many cases, once your contract terms are up, you may find that your rates are much higher than other services. It goes back to what I said at the beginning. Business want your money and often times carry great promotional deals to gain your business from their competitors. If you switch cell phone carriers and save $30 dollars a month you may find you can easily place that in savings.
- Is your commute to work efficient? Are there ways you can save by carpooling? How about walking or riding a bus or other city transit a few times a week? As harsh as changing our daily routines can be, the long term prospect of saving money know can in many cases far outweigh the short term disruptions.
Those are just a few sure fire tips on saving money and there are many more methods to try, I definitely recommend brainstorming and coming up with ideas of your own. I also encourage you to call 1-877-688-3328 to speak to a Certified Credit Counselor for more ideas that specifically relate to your personal situation. As a certified non profit organization Debt Reduction Services offers the call and consultation for free.
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