- Personal Finance
Tricks For Saving Money
How Can I Save?
Right now, finances are tight for most people. It's all we can do just to pay our bills, let alone put anything aside for a little nest egg. Yet it is important to have a few bucks set aside for emergencies. So how does one put a little money back as painlessly as possible?
- If your job offers the option of automatically depositing money into a savings account before you get your paycheck, take advantage of it. You won't miss money you never see.
- At the end of the day throw all of the change you have in your pocket into a jar. It doesn't seem like much, but you'll be amazed at how fast the jar fills up.
- For one week keep a list of everything you spend. At the end of the week review the list and determine what you can cut out. It's easier to manage your money when you know where it is going.
- Take advantage of rebate offers whenever you can. If you see a dollar rebate at the grocery store for something you use, send it in and put the rebate directly into you savings.
- Whenever possible walk, don't drive. Not only will you save on gas and other vehicle expenses, but you will physically get in better shape. The money you save on gas can be put into savings.
- Learn to say no. Sometimes, we just have to walk away from the things we want to buy. Ask yourself if you honestly need something and base your purchase decision on the answer.
Learn More About Saving
- Use coupons at the grocery store. If you use a couple of coupons which save you a dollar, put that dollar into your savings.
- Take advantage of checking accounts where the amount you spend is rounded up and the difference is deposited into a savings account. Those few pennies can really add up fast.
- Have a specific goal in mind and save for it. For example if you would like to go on a vacation next year write "vacation" on an envelope and put a few dollars into that envelope whenever you can. It will give you a reason to save and something to focus on.
What About You.....
Do you save money regularly?
- Stop using credit cards. The credit card companies will take your money any way they can. Avoid them like the plague.
- Set realistic goals for saving. If 1% of your pay is all you can afford to save then try to develop the discipline to put it in the bank every payday.
- Make a list before you go shopping and stick to it. This will help you avoid impulse purchases.