zaterdag 23 november 2013

5 More Easy Ways Everybody Can Save Money (Overig)

Considering the difficulties in today’s economy, it’s certainly a time to cut expenses. Saving money by eliminating unnecessary purchases leaves you a nest egg for when you really need it. In addition, saving money helps you pay down existing credit card or other bills. And with the Debt Movement upon us, there isn’t a better time to skim the fat off of your budget and start rocking that debt!

The key to saving money is employing a multi-pronged approach. You typically spend money for a host of products and services from an array of suppliers. Therefore, you must strategize to save effectively; this ensures you cover all your bases as applies to where your money is going.

Here are 5 easy ways that all of you can save money:

Plan Your Shopping
You can’t forgo shopping altogether (although I wish you could; there are the necessities to purchase each month. Always develop a plan when shopping for clothing, big purchases such as vehicles or tech gadgets, and pretty much for any other essentials in life.

Always analyze NEEDS versus WANTS and don’t get caught in the trap of making “unnecessary” impulse purchases. Do research online before making a purchase or download one of the many apps available to help you with that process.

Take Advantage of Grocery Store Discounts

Food takes a big bite so-to-speak out of your monthly budget. Learn to plan a menu and find ways to save on your monthly grocery budget. Use store and manufacturers coupons that are available on products you use. In addition, take advantage of “quality generic products” whenever possible as they tend to cost less than popular national brands.

Take Advantage of Online Coupons and Coupon Codes When Purchasing From a Web Portal

Are you shopping online for an item you need or want? Then take advantage of coupons or a promotional code online from various merchants. One of the coupon sites I like to use is Promotional Code particularly for their discounts at online stores. Maybe you’re going to send flowers to someone; check online floral enterprises that offer coupons for immediate redemption when you order online. Maybe you want to purchase a new toaster from an online kitchen accessories site. Find one that offers quality products with attendant coupons that save you money. In addition, check out promo codes and coupon sites that offer a wide assortment of deals.

Pay Off Your Credit Cards As Soon As Possible

Yes, this is often difficult to do; however, the benefits are worth it for your financial well-being. Credit card debt that you carry over from month to month means you’re being hit with high interest rates.

If you just make minimum payments each month, you won’t reduce your debt in any significant way. You will incur monthly interest charges, which means more money is going out and less savings in your bank account.

Use the Library

Do you really need to buy every book or anything else you wish to read? I’m the worst at this by the way…I love to highlight and tag topics/quotes/concepts in books. Granted, having a hardcover, paperback or digital copy of your favorite author is nice. However, some books you read once and will never open again.

Use the resources of your local library for your non-fiction, novel, newspaper, music, magazine, and even movie needs. If there’s something you really want a copy of, for your personal library, you can then buy it after first reading it from the library.

The above are a few things you can do, amongst a host of others, to save money. Let’s face it; we don’t know what the future really holds in terms of our financial situations, employment, and such. Save where you can, and consistently look for new ways to save so you avoid the inevitable lifestyle inflation creep. This helps you have the finances on hand for those random emergencies and for those items that you really need down the road.

Other Posts You Might Like:
Save Money With Coupons This Holiday Season
Is Your Monthly Grocery Budget Too High? 6 Ways to Save Money on Groceries
Save Money Saturday Feb 2012
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