Money isn't the most important thing in life, but it helps.
These financial tips are small tokens that can help to reduce your stress while at the same time earn or save you hundreds of dollars or more over a year’s time.
Learn to cut spending in some areas to get what you want in others.
- Have a yard sale - relieve clutter from your life by going from room to room throughout your house, including the garage, attic, shed, and basement.
Start sweeping the clutter out completing one room at a time and feel the energy being restored in each phase. If the item offers you no benefit, don’t hold onto it.
This is a time to simplify your life. Be strong and firm; the end results will be well worth your effort. Organize a yard sale and use the profits to your advantage by having a special night out, placing it towards a future vacation or paying a bill that may be due.
- Keep a record of spending by saving all your receipts for purchases throughout the day even including a quick stop for coffee or soda. That evening you can total your expenditures and write them in a notebook. You’ll soon see patterns that will make you think twice before opening your wallet or dashing to the store.
Place these financial tips into use and see your results add up!
- Try to avoid picking something up in a store if you’re just browsing. Walk away after you look at the item to think about your purchase before you buy. Do you really need this item? Will it be beneficial in some way other than aesthetically pleasing? Picking up an item sets the thoughts of ownership in motion and you will be more likely to purchase rather than take the time to think it through.
- On large items – be sure not to buy impulsively. Be sure you get the chance to comparison shop. You may find after the fact you could have used the next smaller version or one without so many bells and whistles. Compare brands and features of different models and cross reference prices from store to store.
- Avoid using a credit card as much as possible since if you place the interest charge on the price of the item you are way over paying for the object. Save credit card spending for emergencies when you don’t have the luxury of time to save up to purchase an item.
- If you own an older model vehicle speak to your insurance agent over ways to cut your insurance charges.
- Speak to a local electric company representative and have them send you tips on how to save on electric to cut the costs of your bills.
- Purchase prepaid long distance calling cards or purchase your minutes on your cell phone ahead of time this helps you monitor the time you spend on the phone.
- If you have prescription drugs ask your doctor for the generic brand and shop around for competitive prices. Look at places such as Wal-Mart to see if they carry the drug at a discounted rate. If it is an ongoing medication see if the 90 day prescription will help cut the costs further.
- Stock your freezer with meats and then just shop for the weekly necessities – make a list so you don’t impulse buy and of course don’t go shopping when you are hungry.
- If you just feel like shopping for fun – try the flee market for a week-end plan.
- Social Gatherings – Christmas is the best example. If you are having a gathering, don’t say No when an individual offers to bring something, have a list of possibilities in your mind and say, “That would be wonderful!” This way you will be able to relax and enjoy the gathering more and also save some expense.
- Conserve your gas when driving plan your trips so that you are not back tracking and tracing your steps.
Gas is money and time is priceless. This is time management as well as a financial tip. Make up a list and line up your stops.
If you drive for a living you may be able to stop to pay a utility bill, cash a check, or stop at the drugstore as you are passing their facility during the week.
- Pack a daily lunch to take with you in the morning rather than spend $5 - $10 dollars on eating out or picking something up every day This is not only is a financial tip but a health tip since you will avoid all of those high fat, fast food places and quick pick me up foods such as pizza or burgers.
- Don't worry about 'beating the Jones’s' Who cares about the Jones’s (If this is your name please do not take this personally) focus on your needs not to impress someone who has little to nothing to do with your life.
Who cares what they have, they may be struggling just to pay bills and you’re both racing each other to see who can get buried in debt the fastest. It may be better if you shared your financial tips with them!
- Non-perishable items that you will always continue to use such as laundry soap, garbage bags, toilet paper, toothpaste, mouth wash, can vegetables or soup, soda, coffee, spices, condiments such as ketchup, mustard, relish, jar goods such as spaghetti sauces or gravies and many other products, can be purchased when on sale and stocked for future use.
Create a space in your garage, basement, or shed, anywhere there is some space you can utilize and place shelves to stock up on these items. This financial tip alone can save hundreds for you.
You can find items such as baggies, tin foil, plastic wrap, napkins, kitchen towels and sponges, plastic storage containers, birthday or all occasion cards, and such by visiting your local dollar store.
- Gifts– Use these financial tips to plan your shopping excursions. Shop for birthdays, anniversaries, Christmas and any other occasions that you traditionally give gifts for over the year, during the periods when retail prices plummet.
This would be after the Christmas holiday season, end of winter sales, end of summer sales, just before the school year starts, on your regular holidays throughout the year, New Years Day sales, Memorial Day sales, and Labor Day sales.
Always look for items all year not just one week before the occasion. Your highest cost shopping months are of course, the months of October through December 25th.
Bottom line, learn to be thrifty, and stretch your dollar to get more enjoyment out of it. Above all else, take inventory and be thankful for all that you have and all that you have accomplished. Get started with the implementation of your financial tips today to start saving.
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