Nine Tips To Save Money – Manage My Money
Posted By tsauthor on October 31, 2009
There are many simple ways for you to save money when dealing with personal finance basics. There are a few that are slightly more time consuming than others but in the end it is completely worth the time it might take. If you only go along 1 or 2 of the following tips you can save more money than you might imagine every year.
Read these subsequent nine ways to save your money
REQUEST FREE SAMPLES:
There are plenty of websites that offer free samples for every day items. Even the huge stores like K-Mart or Home Depot have excellent opportunities for everyday people to get free items. These items often include skin moisturizers and shampoos to frozen food or bathroom products. Another option is to visit a manufacturer’s website to locate some free samples on brand new items. If you need something, type the words ‘free sample’ into google before you go to the store to purchase it. This is the beginning of learning personal finance basics.
CHANGE CREDIT CARD SPENDING AND HABITS:
Credit cards are great but can be hazardous. With high interest rates and monthly fees, credit cards may wind up costing you a lot more in the future than you may have planned.
My rules of thumb:
– never use credit cards unless its for a huge purchase
– be certain you are able to afford product before you use a credit card
– be sure you can pay the balance of your credit card
AVOID IMPULSE BUYS:
We all know what it’s like to push a shopping cart through the aisles of the grocery store and the moment we get to the check out we ‘ve picked up twice as much as we planned to buy. You should make a shopping list, follow that list and don’t purchase anything that’s not on that list. This should include any type of shopping like clothes, food or entertainment. Stores are mapped out specifically for those impulse buys with magazine racks and gum within easy reach. Make your list, check it twice, and follow it.
SHOP THE SALE RACK:
This is another personal finance basics rule but don’t confuse this with an impulse buy. If you made your list and know that you need a pair of pants and a shirt check the sale display first. It’s pretty likely you might locate that said item on sale and pay far less than the usual price. Food stores operate the same way. They usually over order products and sometimes run in-store specials on overstock items. Just make certain the product is on your list.
SAVE YOUR HARD EARNED MONEY:
This is sometimes the most difficult thing you have to do when money is tight, but it is the most critical step to take. According to a book I’ve read ‘The Wealthy Barber’ you must save 10% of your paycheck every month. That doesn’t sound like much but it does add up very fast and if wisely invested it will assist your retirement plans in the future.
Comments