At any time in history, no matter what the current state of the economy, no matter what the current trends, no matter what the unemployment rate is or where interest rates lurk, some money-saving ideas stay true.
Some of you may have heard of these ideas before, others may be entirely new to you. But whether you are familiar with these super secrets or not, it will be well worth your while to put them into effect in your own life. The magic they will work on your financial life is guaranteed. I urge you to put them to work - any one of these could change your life! Big changes come from small steps. One plus one does equal two, so if you add one from eleven different places, you will see big results.
This is a four part series giving you advice on saving your hard-earned money in a variety of down-to-earth ways. Nothing here is anything that anyone can't do on a daily basis.
Amazing Money Tip #1:
The great scientist Albert Einstein once said, "It takes a genius to see the obvious." What he meant by that is that sometimes the simplest things in life are the most powerful ... but because they are so simple, we tend to ignore them, and not let them work for us.
One of the simplest but most powerful money making ideas is this: keep a daily log of everything you spend. Go to the dollar store and buy a little notebook and carry it with you wherever you go. Write down every penny - every single penny - you spend. It's as simple as that.
If you do this, you will find something magic happening in your financial life in just a few weeks.
There is something incredibly powerful about writing down all your expenditures. It makes the flow of money through your life more real and exact. It shows you simply and clearly just where you are spending your money, on what and why. Once you know that, it becomes much easier to control your spending.
Many people who have taken up this practice have not only learned something about themselves which they never knew before, but they are often astounded.
For example, a person could realized through examining their notebook that they actually spent nearly $2,000 throughout the year on diet soft drinks, snacks and candy bars! Since their job only brings in $25,000 per year, they realized that 8% of their entire income was being frittered away on something entirely frivolous. The person gave up the snacks and drinks, and found they had enough money to go on vacation the following year. If you had the choice between snacks or a much needed vacation, which would you choose?
The point is, it was their daily expense log that helped achieve the insight and clarity they needed to get control of their finances. That's what a simple spending record will do for you - it will give you control over your spending, and thus your financial life. There may be nothing but a 75-cent notebook and a ballpoint pen between your life of financial struggle and financial freedom.
Amazing Money Tip #2:
Stop deficit spending! We all know how much trouble Uncle Sam has been creating spending more money than our country takes in. It's called deficit spending. Well, don't fool yourself. The same rules apply to you. Using those evil little plastic cards may be the "American Way," but it's a darn poor way.
Today, the average credit card holder is carrying $8,000 in plastic debt!
Spending yourself into debt with a credit card is unbelievably easy, as many of you already know. The reason is psychological. When you give that clerk a credit card, it's just not the same as handing over a stack of green dollar bills. Would you as readily hand over a fistful of ten dollar bills as flip a credit card across a counter? Probably not.
Credit cards put you in the hole and keep you there. Even for people with good incomes, paying your credit card debt down to zero is amazingly difficult. And make no bones about it, credit card debt will sap your financial strength just as readily as an open vein will deplete your physical body of its very life force. Using a credit card by choice can quickly turn to using it for need. Once you get to that point, you are already in trouble.
There is no secret to freeing yourself from the credit card game. You must take out a pair of scissors today, cut your cards in half, and begin paying them back, slowly but surely. Be sure to always pay more than the minimum amount due, even if it is just $10 more. Once you stop adding to the debt, even small payments will eventually add up. You can get out of debt if you are patient and disciplined. Once your cards are history, you must adopt a strict pay-as- you go policy. Instead of buying now and paying later, save now and buy when you have the full amount.
Once again, this is not rocket science, but stopping credit- oriented consuming is one of the most powerful financial tools available to anyone today. Why not pick up this tool and use it?
Amazing Money Tip #3:
Sell your junk. That's right, it's high past time for a major yard sale. Search through your house or apartment for every single item you don't need, and could sell at a flea market or yard sale.
Take an inventory. The truth is, most people are astounded by what they own - and how much money they have tied up in useless stuff. Why let it collect dust in your attic while it could collect interest in a savings account.
You could easily be $500, $1,000 ... even $3,000 richer by the end of the week. As an added bonus, you'd have your place cleaned up, and you will have a fresh feeling of starting over. A garage sale is an excellent way to not only clean out your house, but it often gives a psychological boost that helps people get control of their life and money.
The next of the 11 best money saving ideas of all time will be discussed in part 2. Until then, take note of what you have learned so far and put this information to good use. Read and reread this article; I bet you will notice a difference sooner than you think.
Copyright © by Palyn Peterson
About The Author
Get the very same internet marketing techniques that many "guru's" are asking you $200 for -- FREE. Discover 24 necessary techniques. You'll also receive a free $gift$. http://FutureInternetMarketing.com/guide.htm; palyn@futureinternetmarketing.com
Wealth Secret 1 - Decide Your Outcome Right Now.Unless you... Read More
Wealth - an abundance of values. Each of us determines... Read More
1. Save up to 50% per month on convenience cleaner... Read More
At any time in history, no matter what the current... Read More
What if I were to tell you that almost everything... Read More
There is no need to use the many middleman websites... Read More
There are many wealth creation strategies and investment techniques available... Read More
Do you like so many others feel, that even if... Read More
The business of banking has changed dramatically over the last... Read More
This is a true story about a homeless man from... Read More
Why is it that the older and richer people become,... Read More
There is perhaps no more important decision than to take... Read More
You have $100 in your bank account, your rent is... Read More
Perhaps the primary message of Rich Dad, Poor Dad is... Read More
In most societies, we are raised to believe in the... Read More
Six out of six people who were asked to list... Read More
Any successful person, or any anyone interested in self improvement... Read More
Everyone wants to be wealthy, but most of us do... Read More
When I look around at all of my friends, and... Read More
Articles on 'How to make money' come a dime-a-dozen. How... Read More
At any time in history, no matter what the current... Read More
AS THE MARKET FLIES HIGHER, GOOD BUYS ARE BECOMING HARDER... Read More
As many people have observed, "Success leaves clues." If you... Read More
Estimated Reading Time: 4 minutes -- Envision your life 10... Read More
Self-Made Millionaires are not smarter or better than you. They... Read More
Many people have a false understanding of what it actually... Read More
It is sometimes pitful how many projects are never born... Read More
What is your attitude towards having wealth? Do you believe... Read More
The inability to come up with the necessary cash when... Read More
Retirement Planning the Offshore Way Why do so many of... Read More
No matter what income level you are currently at, generating... Read More
Is it hard to get rich? If you're young, not... Read More
No one has complete control over their thoughts. But with... Read More
I am often amused by the ads and offers I... Read More
In most societies, we are raised to believe in the... Read More
Vacation season is upon us and it can be tempting... Read More
Remember the bloodied face of Randall "Tex" Cobb?He was a... Read More
As a woman Netpreneur, I sat down via e-mail with... Read More
Many people assume that the offshore world is accessible only... Read More
Most people know it's important to keep and organize all... Read More
Perhaps the primary message of Rich Dad, Poor Dad is... Read More
AS THE MARKET FLIES HIGHER, GOOD BUYS ARE BECOMING HARDER... Read More
When I was a student in London, I had a... Read More
As you sit in traffic, inching along between irate drivers,... Read More
Why is it that the older and richer people become,... Read More
Recently I was reading a book called The Millionaire Mind.... Read More
Feel like a lemming lately? Ready to follow the crowd... Read More
Are you setting the right money goals?Most people believe having... Read More
Let's begin easing you out of the pits. I mean,... Read More
It's the beginning of a brand new year: a time... Read More
I want to share an experience I had in common... Read More
This article focuses on generating cash as a full time... Read More
Want to be one of the lucky ones on the... Read More
There are many wealth creation strategies and investment techniques available... Read More
The rewarding of high compensation packages to top executives who... Read More
Bottom line. No exaggeration. No hype. If you want to... Read More
There are many forms of investing online. While I can... Read More
Here are some thoughts about the morphing of thought and... Read More
There are plenty of people who are in love with... Read More
Planning for the undesired, accidents and possible unknowns in life.... Read More
Uncle Sam and his band of merry-men, better known as... Read More
We will start the Financial Fitness System with the assumption... Read More
This is a true story from my own experience that... Read More
There are only 2 ways to grow your wealth -... Read More
When you purchased your home, you most likely got a... Read More
To budget, to have a budget and to be on... Read More
Wealth Building |