Save Money, Slash your Expenses
Borrowing from a popular saying, we could say that the amount of money we keep as save money we earned. But in order to really save money, we need more than just putting money in the bank. We need to slash our expenses, daily, weekly and monthly. It would be a good idea to keep a record of what we spend so that when we sit down to add them up, we could easily know where we stand. Start today and after a month or two, take a good look at your records and surprise yourself.
Look for the most expensive item you spent for and consider ways to reduce that amount. For example, if you spent $250 on renting dvd movies for the past month, you may have to look for alternative, less expensive ways for home entertainment. You may have to make some hard decisions but thinking about your priorities should help you make the necessary cuts. Calculating the savings you will realize after a year should help you get motivated enough and keep those expenditure cuts going.
There are other quite radical ways to cash back your expenses like moving to a less expensive house or apartment but you maybe hard put to do it. You might want to consider it though as you could really save a lot. If you are paying huge interest on your debts, why not consolidate them so you can reduce interest payments? Giving up your car and getting a bicycle instead is a good move to save money on gasoline; you will also be doing nature a good turn. Examine your insurance premium.
Perhaps you can ask around for a better deal or take a higher deductible. Many people now use network marketing and have dropped their land lines thus saving money. Internet calls are free so you might want to consider using that instead also. Cable or satellite TV? Frequent eating out? You can live without them, can’t you? There are as many ways to save money as there are ways to spend them. You can certainly think of more ways to slash your expenses.
This entry was posted on Thursday, January 28th, 2010 at 5:15 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.