Saving Money - 35 Pieces of Advice to Save

There are only 2 ways to grow your wealth - Increase your income (by earning more and saving more) or decrease your costs.

Here are a few money saving ideas that everyone can put in place:

  • Don't use your credit cards if at all possible. Pay cash and use credit cards only for convenience or emergencies.

  • Don't have more than $25 in your wallet at any time so you are not tempted to buy on impulse. If you have to think about going a long way to find an ATM machine you will probably lose the desire to buy.

  • Take your lunch to work rather than going to cafés or food halls.

  • If you are going to the supermarket make sure you have a list and try and stick to it.

  • If you can pay your mortgage every fortnight rather than every month then you can save yourself a lot.

  • If your child is one and growing quickly don't buy expensive clothes. They will outgrow the clothes quickly and you would have purchased them at a high price.

  • If you smoke, give up. The damage to your health is reason enough but also the damage to your wallet.

  • Don't buy at the end of the year, wait for the new years sales.

  • Don't always buy brand items. Sometimes cheaper brands are just as good and much cheaper.

  • Save money on your heating and cooling costs by keeping doors and windows closed. Turn your thermostat down.

  • If you are a person that is good at planning, buy some of your Christmas presents at sale time and keep them until next season.

  • Don't forget to use coupons.

  • When you are flying watch out for specials that come through the airlines and then buy these seats before the seats go.

  • Watch out for electricity usage. Often all the lights in the house when that is not necessary. Switch off.

  • Watch your car repairs. It is better to get someone skilled and honest to look after your repairs who will not overcharge.

  • Watch your bank fees. Bank fees can grow considerably over the years so be aware of how much you are charged for certain transactions and then make appropriate arrangements.

  • Don't allow your credit cards to get too high. Make sure that you clear your credit cards each month of you can.

  • When you take out a car loan, make sure you take one out that doesn't have a penalty if you repay it early.

  • Refinance your mortgage if the rates are more beneficial. Sometime look at consolidation of your debts into one and then stick to a plan of paying them off.

  • If you are moving into a new area it is best to rent first before you buy. This will give you time to familiarize yourself with the area and decide on where you want to live and the prices of the properties etc. It is often a trap to buy too quickly.

  • When you buy a home, the greater amount of your savings and the greater growth of your value will come in the price that you pay. This is especially so in areas where the property values don't grow very much. Your biggest saving will be if you are able to negotiate a good price early.

  • Don't let the family finances cause you problems. Give the children a certain amount per week in an allowance and don't change it from that.

  • Don't look on your shopping as a chance for you to spend and spend. Have a plan.

  • Remember advertised items are not necessarily the cheapest. Watch for unadvertised specials. Remember to ask for a rain check if an item is totally sold out.

  • Try not to shop on paydays.

  • Just because an item is on sale, doesn't mean it is a good buy.

  • Buy only what you and your family need rather than what is on special.

  • If you can afford it, stock up when prices are low.

  • Don't forget to try alternative places to shop. Try thrift stores, consignment shops, warehouse sales, garage sales, markets.

  • Shop alone. Other people will only help fill your shopping cart (especially your partner).

  • Know your prices. Keep a price book if you have to.

  • Watch out for fancy packaging. You don't pay money for it ?you pay money for what is inside.

  • Remember the rule of three. If an item has three different ways that it can be used then you are generally not wasting your money.

  • Always watch when the sales person rings your purchases. Always check the receipt to make sure the calculation is correct.

  • When going shopping, leave the credit cards and checks at home if you can. Take out some cash to use and once you reach your limit - that's it.


    • Copyright 2005 StartRunGrow
    http://www.startrungrow.com

    StartRunGrow (http://www.startrungrow.com) is a global online information organization that specializes in creating, developing and marketing business help information specifically with the aim of "making business easier" for entrepreneurs around the world. The StartRunGrow objective is to become a dominant player in the business help arena providing end to end solutions for the millions of small and medium businesses worldwide who continue to struggle daily with the difficulties of starting, running and growing a successful business.

    In The News:

    pen paper and inkwell


    cat break through


    Wealth Building Strategy

    There are many of us who are working on our... Read More

    Who Wants To be A Millionaire?

    How many people search Google, Yahoo and MSN each day... Read More

    High Flying Market Makes Good Buys Hard to Find

    AS THE MARKET FLIES HIGHER, GOOD BUYS ARE BECOMING HARDER... Read More

    3 Steps To Increasing Your Income

    Most accountants, financial planners and wealth-building experts agree that there... Read More

    Financial Planning For Singles

    Financial planning often gets a bad rap. Part of the... Read More

    Who Else Is Tired of Life Punching Them in the Face?

    Remember the bloodied face of Randall "Tex" Cobb?He was a... Read More

    You?re Eating Your Retirement Money

    Ever think about how eating all those fast food meals... Read More

    7 Golden Rules to Financial Prosperity

    Not Enough Money?I believe that most people haven't got enough... Read More

    Residual Income - Part Three Finding Leaders

    In my last article on Creating Residual Income I mentioned... Read More

    How To Be A Millionaire - The Top Secret Of Wealth Creation

    Have you any idea how many people search Google every... Read More

    Simple Tips on Saving

    Simple tips on saving can very often make quite a... Read More

    21 Secrets of Self Made Millionaires

    Self-Made Millionaires are not smarter or better than you. They... Read More

    Wealth Secrets: Saving Your Way to a Fortune

    SCENE 1: Pharaoh has just woken up from a very... Read More

    Online Retirement Opportunity: Freelance Copywriting

    For most of us, the idea of retiring simply on... Read More

    Steps to Financial Freedom

    Financial freedom is the power to do what you will... Read More

    Simple Strategies to Making Financial Gain

    Now is a great time to make it a habit... Read More

    Russ Whitney - Building Wealth Through Real Estate

    When Building Wealth by Russ Whitney was released a few... Read More

    Anthony Robbins 12 Reasons Why People Dont Get Wealthy

    According to Wallace Wattles, in his popular wealth treatise called... Read More

    How to Save Money for Retirement

    Saving money for retirement can be easy or difficult depending... Read More

    Building Wealth: Its An Inside Job ? Part 2

    Let's quickly review the principles discussed in the first part... Read More

    Why do Some People Rake in the Dough while Others Spin Their Wheels to No Avail?

    Here's the truth: I have read hundreds and hundreds of... Read More

    Is Accumulating a $1,000,000 Net Worth Easy? Yes and NO

    Is accumulating wealth as easy as following a 3-step plan?... Read More

    Retirement Planning the Offshore Way

    Retirement Planning the Offshore Way Why do so many of... Read More

    Real Estate Stories that Show You How!

    Let's begin easing you out of the pits. I mean,... Read More

    Creating Money, Prosperity, and Abundance Now (Part 1)

    I have given many prosperity lectures over the years and,... Read More

    Top 7 Ways To Get Rich

    Want to be one of the lucky ones on the... Read More

    Cutting Costs Can Significantly Increase Your Income

    As a work at home Mother, I know the value... Read More

    Money Mastery

    Money can be your servant or it can be your... Read More

    How I made $122,000 and lost $132,000 - A lesson in Assets vs Liabilities

    This is a true story from my own experience that... Read More

    The Philosophers Stone

    "If you know how to spend less than you get,... Read More

    Can You Be Rich? Part 1

    What does becoming rich mean to you? Is it early... Read More

    Offshore Strategies & Services

    Offshore strategies may or may not be right for you.... Read More

    Build Wealth From Home

    As you sit in traffic, inching along between irate drivers,... Read More