Advice on Budgeting Money
Advice on Budgeting Money
by Joe James
One of the hardest hings for people to do is save money. Our economy is built on consumerism and there are many temptations to spend money. However, with the economy doing poorly and jobs insecure, now it is even more important to make sure you have a nest egg for a rainy day. Luckily, there are many easy and very high value ways to save money and cut your budget.
Cut your credit card into four pieces and throw it into the trash. This plastic money has created havoc in the lives of people. The way it lured people to swipe and get wiped has left many people in financial mess. Actually we end up buying things which we dont need just because of credit cards. Buy avoiding to use credit cards, you won't be tempted to always pay for things with plastic.
One of the best ways to save money is to track your expenses. You don't know what expenses you cut and where you can save money unless you know what you are spending money on. Write down a list of everything you spend money on. Circle the essentials that you have to pay (bills) and then cut the other expenses. You'll be amazed at all the stuff you waste money on.
Use car pool to go to work. If your friends live in your neighborhood then you can plan to pool. This will help you save on gas as well as you will be doing a big favor to the environment. By carpooling or taking public transportation, you can save a lot of money on gas and auto insurance. It may take a few minutes longer to get to work but it's worth the few hundred a month you will save.
Reduce your outings and eating at restaurants. This is another major expense that we can do without. Going to a cinema hall is very expensive. Instead wait for the DVD to come out. You can watch the same movie at less the cost. Making your food is much more rewarding than eating out all the time and learning to cook is a skill that will last you a lifetime.
Saving money is something everyone wants to do but everyone has a hard time doing. In this consumerist society, it is really easy to spend money all the time. In order to save money, you need to really look at your budget and cut out the fat. This will ensure that you save a lot of money in case of an emergency and to go out and travel and retire early.
About the Author:
Joe James gives financial advice for a living. He resides in the southwest of the United States and is a retirement specialist. You can find out more information at his website, Joe's Money Story.
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