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Realistic Money Saving Advice

Aug 11, 2008
In this today's economy, prices seem to go higher every year, yet wages do not always keep up. Saving money can sometimes be difficult for many people. To help you save money, here are some pointers:

Determine and separate what are true needs versus wants. Priority must always be given to needs first and if there's anything left, wants last. This takes quite a lot of discipline, but it is essential to cultivate that trait.

Be sure to allot your finances to basic needs such as food, shelter, transportation, clothing and the like. Without these items survival is very difficult if not impossible. Sometimes we think things are basics that truly are not, such as cell phones, etc.

Create a list of the things of wants and comparison shop to see if they are even feasible, if not save up until it is. Learning to be satisfied with what we've got is an important trait to develop. We don't always need the newest and best versions.

To try to avoid unwanted purchases, see if there's an option to try it before buying to see if it even has the quality and effectiveness you hope for. Keep in mind to spend wisely on items with quality backing them yet keeping within your budget.

You may try to budget your money in advance. You can make a plan first before spending your money. There are instances that you spend your money without even thinking that it is not the right time to have it. It also advisable to buy items at the end of the season, prices at this time of the year are low and cheap.

Do comparison shopping to find the best prices. Do not limit your options to just one store only. You may find the best item that can be useful and affordable to you by window-shopping first rather than buying by impulse. Many stores out there carry the same items and can offer lower prices. Sometimes buying online is cheaper than in a brick and mortar store, but factor in shipping charges when comparing.

You can save more money in your household by conserving electricity. Be sure to turn off appliances that are not in use. You may compare your monthly electric bills regularly to check if you are maintaining your desired bill.

You can save on your transportation by traveling wisely. It is recommended that you make your itinerary to help you to not forget your destinations. When you do errands try to do them in groups that in close proximity to each other. Being organized will help you save money and time.

Habits can be extremely pricey in more ways than one. Smoking, drinking, espressos and lattes, and the like. I know this one hurts. I feel your pain. Take 1 month and count every cent spent towards habits. You might be shocked how much money you are dumping there. It may be a good time to break or severely modify those habits.

Take a look at all areas of life to see if you can expose any other areas of savings. Sometimes bartering products or services with people you know could be an option. Get creative in this as you could find some very unique ways of stretching money for your situation.
About the Author
By Rachel Ray - Visit her site for a wealth of resources geared to assist a family budget plus lots of home business tips as well. Grab a cup of coffee, relax and look around.
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