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| Phone calls are expensive |
Spend Less
This is not over simplifying the best way to save money! It is
essential if you are serious about being a long term money saver and being able
to save money every day. Review what you spend and look at ways you can save money. Consider
making telephone calls for instance only at off-peak times. Do you really need
to have newspapers and magazines delivered? Can you do without those coffees
you buy at break time everyday - would a flask of coffee taken to work save you
money? What about using the public lending library instead of buying books or
music CDs or DVDs? Try to never waste money and
make every purchase a considered purchase. Once you start looking for little
ways to save money and spend less you will quickly become an expert and really save money fast. Spending
less means you value every penny of your money - you will not be so quick to
throw that money away on impulse - after all you worked so hard to earn it!
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| Let see. Hmmm...no balance for saving. |
Establish a Personal Budget
This is essential for families and individuals and can be the fastest way to save money.
You will instantly see your incomings and outgoings once you create your
budget. You will not be able to save money unless you know how much money you
have coming in, and how much money you have going out. Once you have prepared a
budget of incoming money and outgoing money, you WILL be able to identify areas
where you can save. It is MUCH more difficult to save money over a long period
of time (the rest of your life?) without a budget.
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| Bulk shopping.... good luck!! |
Buying in Bulk
Bulk is good. Think about shopping and buying in bulk. Save money
grocery shopping by planning meals in advance and bulk-buying. You can also
save money by cooking in bulk. This is a real way you can save money with
little preparation and almost no extra outlay. Always purchase generics when
you can. Prepared foods and convenience foods will always be much more
expensive than the generic ingredients needed to make the food. Preparing food
in bulk and in advance also gives you the opportunity to plan ahead and be more
accurate in your budget. Save Money by buying in bulk whenever you can. One
thing to be aware of when buying in bulk is to be sure that any product you buy
will get used before it goes bad - you won't save money if you have to throw
stuff away. Buying in bulk is not only a good way to save money it is also a
good strategy for coping with and surviving emergencies
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| Yeaaayyy..its 50% off!!!! |
Make Sure a Sale is a Sale
By this I mean do your price research before you commit to making
an expensive purchase in a retailers money-off sale. You have to be sure the
sale really is a sale and not a creative marketing strategy of the store to
encourage you to spend your money without thinking. Once you have researched
the true price of a product (any product) you are in a good position to take
advantage of a sale, special offer or discount and really save money. "Buy
one get one free", "50% off", and "Huge Discount" will
only help you save money if the actual price you pay is lower than you would
pay somewhere else for exactly the same product.
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| Cheaper? Let see what you bring home... |
Buy Used
Sure, we all like to buy new. But there are huge money savings to
be made in buying used. Typically cars lose one-third of their value in the
first 24 months from new. Why not buy a car 24 months old? Other items such as
clothes can be worth even less just the day after new. Look for ways to buy
"as good as new" items and save money. Typical products you might
consider buying used to save money include: cars, clothes, electrical goods,
garden items... tools and sheds, household items... pots and pans, the list of
used goods where you can save money is endless.
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| Still want to keep the card? |
No Excessive Debt
Some debt in our lives may be essential. We may need a mortgage to
purchase a home, we may need to use our credit card to make purchases until
pay-day, but your aim to save money should be to have as little debt as
possible. Credit Card deb is typically the most expensive debt we may carry.
You will be able to save money every month if you make it an absolute rule to
pay off your outstanding balance every month. If you can have the discipline to
do this you will save money by effectively having no debt, and thus no interest
charge on your credit card(s).
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| Arrgghhh....i'm broke!! |
Save Some Money
Each week or each month get into the habit of putting an amount,
however small into your savings. You could start by saving a very small fixed
amount each time and then move to putting in larger amounts once you begin to
save money from your other money saving strategies. You will find that by
saving money on a regular basis you will quickly build up a store of reserve
money and also feel motivated to save more. The hardest part is to take the
first step and start saving money - so START TODAY and save some money NOW! If
you find it impossible to save money once you have it, consider having money
deducted from your paycheck direct each month. This can be a great way to save
money rapidly as once it is set up you will not notice it is being collected
and your savings will grow with no more effort from you.
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| Are sure its enough? |
Shop Wisely
Consider markets, superstores, farmer's markets, local shops,
marts and stores. Anywhere is worth checking out to see if you can save money.
Farmer's Markets can be particularly good places to save money. Typically you
are buying direct from the producer of the product so the savings are passed on
to you. Use your bulk buying strategy here - farmer's markets often offer
opportunities to save money by buying larger quantities of staples, for
instance potatoes, rice or corn. Save money and shop wisely.
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| Make sure you don't burn the house down |
Eat in Rather Than Out
This is a huge area where you can save money. A cup of coffee
taken out could easily cost you TWENTY times (or more) what it would cost you
to make it at home. So think before you drink when you are out. Eating is the
same. Fast food restaurants are counting on you eating food that you perhaps
don't really need at that time but buy just because it is quick. Why not wait
until you get home and have a more nutritious meal and save money at the same
time.
Use Less
This money saving tip is a lesson we all need to learn. We live in
a consumer society where waste is a huge problem. If we could all use and
consume less there would be less waste, less power consumption, and the
benefits for you are SAVING MONEY. Consider using less shampoo when you wash
your hair, this may not mean washing your hair less effectively it means not
flushing the excess shampoo and your money down the drain. What about saving on
heating? Turn the thermostat down or put on extra clothes when you are cold.
Turn off lights, the TV and the computer when they are not in use. Each little
saving you make will build up and enable you to save money. Huge savings in
energy can be made which will save you money and be good for our planet and the
other people on it.
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