BE A BETTER SAVER

LEARNING TO BECOME A BETTER SAVER

Save money in white chalk on a dark green chalk boardBeing able to save money or become a better saver does not necessarily depend on your income, you need to be smart about it. Money is one complicated thing to handle, and the question is always the same, how to do more with less money?

If you make enough to pay your bills and still have a little extra cash by the end of the month, some simple techniques will turn you into a better saver in no time.

START NOW
There is no time like the present, the moment to start saving money is now. Stop postponing this important decision, there will not be a better time to start. The sooner, the better and remember that time is money.

BE REALISTIC
Establish a realistic amount to save from every pay check. Keep in mind that saving 75% of your income will be impossible. Establish a minimum amount within reason, if you can save more than that great but make a commitment to never save less.

KEEP IT SIMPLE
Do not make of this process something complicated, saving money could be as simple as putting some cash in a box. Simplicity will be thekeep things simple written in black on a yellow stick on note on a wall key for you to keep on going.

WRITE DOWN SPECIFIC GOALS
Establish what you wish to accomplish in the short, medium and long term. Write specific amounts and specific dates, this way you will keep yourself on track.

KEEP THE CHANGE
A couple of coins may seem like nothing, but think of how much you are actually leaving behind every month. Those coins could be the difference between reaching your goal or not, next time claim the change.

EXTRA CASH
There are small jobs available all around you and you could even use an app to get them, these little jobs will not require that you quit your day job but will complement it. Every extra income is always welcome and will make a difference at the end of the month when you see if you have reached your goal or not.

EMPLOY THE 72-HOUR RULE
secret of patience message written on a photo of a moored yacht facing the setting sunNext time you feel the impulse of purchasing something, ask yourself, will it matter in 72 hours? If the answer is no, then you definitely should not buy it, employ this rule with everything and you will find yourself spending less money on things that you do not need.

MAKE CUTS WHEREVER POSSIBLE
If you are using two different streaming services, maybe is time that you settle for one. That gym membership that you hardly use, consider downgrading or getting rid of it completely. These small changes will reduce your bills dramatically.

ONE MAN’S TRASH IS ANOTHER MAN’S TREASURE
Those old clothes that you have in your closet and the shoes you do not use anymore could be a source of extra cash. Go to a thrift store and see how much you can get for those pieces you do not wear anymore.

COOK YOUR MEALS
It is always easier to order food or pick something up on your way home, this way you are spending money you could easily save if you start cooking your own meals. Eating home cooked whole foods is going to be a whole healthier for you and it might also save you on your medical bills.

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Saving Money The Modern Way

Money Management tips 101: The Modern
Way of Saving Money

What’s your money management skills like?

Managing wealth business concept as a businessman dragging a big bag of money as a financial metaphor for finance management or debt burden as a lender shackled to a huge debt.Many people think that it is really impossible to manage personal finances without help from financial experts or professionals. While this is true if you are not equipped with proper financial education, it’s really not necessary if you know what you are doing. With this, it is obvious to quote that a good level of financial education will get you through financial turmoils in life and in maintaining your personal finances. In this article, we’ll be sharing with you a few tips you could use to keep your personal situation in check.

A good way for you to make a handful of cash is by selling those household items that haven’t been used or those that can produce a good amount of cash. You can sell these items in many ways and one of them is via the internet. You can take advantage of free to post classifieds or auctions sites so you won’t have to bother with fees when selling your item.

Reducing your expenses
You should make it a priority to pay the debts with the highest interest rates. Plan ahead on how much you will be saving to pay for your credit card debt on every salary. As soon as you’ve settled your balances for your other accounts you can throw the remaining balance onto your card with the biggest balance. As soon as you’ve paid off the card with the biggest balance, you can then move on towards the next card with the next highest balance and continue until everything has been paid off.

Another way for you to reduce your expenses is by cutting off on your lighting expenses. If you’re still using incandescent bulbs, it’s probably time that you switch to CFL bulbs because these bulbs are much more efficient and will save you more money in the long run, compared to incandescent bulbs. In addition CFL bulbs are much more durable and long lasting than incandescent bulbs. With this feature, you can save more on your bulb replacements.

Shop online for promotions
Buying electronic gadgets can severely hurt you in the wallet if you’re paying its regular price without discounts and promo codes. If you’reHand touch smart phone and ear phone with Promo code word on wood table, Internet marketing concept. looking to buy gadgets, it’s probably better to look them up online since there are a lot of merchants to choose from and they even offer discounts and deals to help you save on your money.
Another good way to save money is by checking out all the cars that are for sale in a lot instead of signing a lease for a brand new car. There are a lot of used cars that far better out perform the brand new ones, others are even modified with better engine and aesthetics – you just have to get out there and look for them.

Saving from your groceries
Another good place to start when you’re saving money is on your groceries. Instead of purchasing those branded items and goods from the grocery store, why not go with the next popular choice – who knows, maybe you’ll like it even more than those that you are used to. Branded items and goods indeed showcase a better option, however they are not the only option – you can still eat bread without buying the most expensive one.

As you go along saving money, you also need to keep track of it and note those actions that are effective and those that are not. By noting down your actions, you are able to trace those that should be avoided and those that should be made into a habit.

Quick Cash Loans
Illustration depicting an illuminated blue and red neon cash signThough these kinds of loans can be easily taken, the borrower will have to endure with ridiculous interest rates. A good way to deal with your financial emergency is first referring to your family or to your friends. To avoid such financial emergency in the future it is important that you save for situations like these.

Savings from fast cash
In many cases, it is a good idea to withdraw through an ATM just as long as it is within the network of your bank. As much as possible, avoid those ATM’s that are not within your banks network to avoid the ridiculous fees that come with it. Although you would think that it doesn’t cost much to withdraw from a different network, the fees that build up in the long run would amount to hundreds of dollars in a year.
As mentioned before, it is important to have at least basic knowledge about financial management. By practicing your financial management skills and developing a good education with regard to personal finance you are able to avoid scheming creditors that offer ridiculous rates with their loans.

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