Archive for January, 2012
Saving Money – Even on a Tight Budget
With the average American save more than $ 400 a year, it seems quite clear that we have a problem with money. Add to that the statistic that the average American household debt is transferred to the $ 100,000 (which includes secured and unsecured debt, including home mortgages), it seems quite clear that we are also tight budgets. So how do you save money and create wealth when you’re barely making ends meet and trying to dig their way out of debt on a tight budget? Here are five tips to help you get started.
1.Track all your expenses for at least a month and see where your money goes. When I say I did it all. If you buy a pack of chewing gum to replace your console, write it down. I found the best way to keep track of my expenses is to ask every time of receipt, if I pay the debit, check or cash. You do not have receipts for ever, but this is the best way to determine where your money is going and whether there are any places where you can save money.Usually people are not as overextended as they think they are. We say we live paycheck to paycheck but in reality we are a “treat yourself” on a fairly regular, which grows to a large sum of money over time.
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January 10th, 2012
How to Save as a Frugal Shopper
A frugal shopper has skills and ways of looking at things that help him or her take advantage of the money-saving opportunities in life. There are eleven of these techniques below. You can learn them in a matter of a day or two, practice them for a few weeks, and then save money for the rest of your life.
1. A frugal shopper studies other people. Do you know someone who always gets the best deal on cars, boats, or whatever? Ask him how he does it! Some people will tell you that the cheapest coffee in town is $3 per cup, while others will say 50 cents. There are probably people near you living a good life on half of what you make. Learn how others do things, so you’ll know your options.
2. Frugality requires knowledge of values. It’s tough to get a great deal on a car if you don’t know what a great deal is. Start educating yourself on prices, especially before you’re ready to buy anything that costs a lot.
3. Frugal shoppers pay cash. Things are cheaper when paid for in cash instead of credit. Want that new patio set? The price divided by the number of weeks you can wait to get it equals how much you need to set aside each week. You’ll not only save on interest when you pay cash, but you’ll often get a better price.
