- Personal Finance
How To Save Money Part Two
Everyone knows how to save money it’s just that sometimes we spend extra money due to friends, TV commercials, Internet Ads, etc. Advertisers depend on getting your hard earned money by getting you to buy on impulse.
We already know how to save money we just need a kick in the seat of the pants mentally from time to time to keep our spending habits in check. It’s easy to get caught up spending extra cash while out with friends having a good time or when out with the family and the kids want something they see in a store.
Saving Money Is A Habit Made With Practice
Money Saving Guides
Save Money By Not Bowing To Peer Pressure
Pressure from others can be a huge problem in overspending and we feel guilty about saying no to a loved one or friend. My rule is to say no or walk away three times when it comes to a spur of the moment purchase. Usually by the second no it’s over. Just ask yourself if it will profit you in some way if you buy this now and how long will it be of value to you and or your family.
There is nothing wrong with having nice things as long as they are of high quality and will last a long time. Like when we bought our last vacuum cleaner – My first impulse was to buy the $50.xx unit – It basically did what the $300-$800 range of machines did but I did some research online and found that the cheaper one only on average lasted a family six months to a year before the motor would burn up. The more expensive ones especially on the top end had very few reviews probably because people do not want to lay out that kind of money for a vacuum cleaner. We finally settled one for that cost $179.00 and have been using it for over four years now without any problems.
Just like anything else in life saving money is a habit and takes practice. We all make mistakes in trying to make money and will do the same in saving it. But, over time with good habits a balance can be struck that will give you a quality lifestyle.
Save More Money By Regular Maintenance
Another way to save money is through regular maintenance and cleaning of the products that we already own like automobiles, lawn mowers, electric fans, ovens, dishwashers, and refrigerators. Extra dirt and debris causes appliances and engines to have to work harder creating more wear and tear plus using more electricity or gasoline to operate normally.
Did you know that you usually have some great role models on how to live a frugal lifestyle? Our grandparents who are usually on a fixed retirement income know how to live within their means. If you just take time to study their habits at home and when out in public you can pickup some great tips. My late grandmother was worth millions and she still bought day old bread, and grew her own vegetables until the day she passed. She pretty much raised her own food from vegetables, some fruit, chickens, and cattle for beef. Not everyone has the land to do this but you can have a simple vegetable garden even on the patio of an apartment to save money.