Wednesday, January 26, 2011

After All Saving Money is not that Difficult

Not all of us are fond of saving money. Some find it hard while others treat it like a chore. Others find it difficult to find any extra in their budget to save. But the truth is saving is not that hard. Below are some tips that will let you overcome your reasons for avoiding saving.

Keep big bills: If you have big bills in your wallet, you find it hard to spend them. Why? You feel a psychological agony whenever you try to break that big bill, mainly for buying things like coffee or gum. You are more likely to decide not to buy them than if you have coins in your wallet. Spending them does not hurt as much as the bigger bills do.

Put your extras into savings: Instead of paying with your debit or credit card, switch to paying with cash. You can generate a lot of change at the end of the day. You can later put them in a jar as your savings. You can start with coins then shift to saving small bills. This may be the best way to save money fast.

Save by taking advantage of coupons and sales: After which, save the savings that you get out of using coupons and buying on a great sale.

Do automatic saving: Set an amount to be deducted from your paycheck every month and deposit it in your savings account. Never buy based on an impulse.

Pay online: Pay your bill online and avoid paying for postage. The amount you save should be dropped into your savings jar.

Got a raise? Save it: If you got lucky and got a raise, save it. Make sure, though, that you do not need it to cover your bills. Have the extra amount moved to your savings account.

Save your extra paychecks: This is applicable if you are paid weekly or bi-weekly as it is likely that you will get an extra check on some months. Your budget is often figured on two checks per month so you can bank the extra check.

Save by switching providers: Save the difference you get when switching to a provider that offers a lower price package.

Save your credit card rewards: Some credit cards offer cash back. Save your reward money.

Pack your lunch: Instead of eating out, why not bring food to work? You can use the money that you would have spent on lunch as your savings.

Save the difference: If your current bill is less than what you expected, save the difference.

Cut down on personal entertainment expenses: Instead of buying a movie ticket, you can watch a rented DVD. You can also make your own snack and throw the amount you would have spent on popcorn into your piggy bank.

Buy in bulk: Instead of buying in small quantities, you can save a hefty amount buy buying in bulk. Save the difference that you get.

Always remember that you can never acquire money by spending it. If you train yourself into saving little bits of money, it will add up into a neat sum after a year.

You can use all these strategies to save money, reduce debt and improve your life but it will not last unless you have a system automatically set up to continually work without your input. Get Dan Cavalli's FREE money saving secrets set on auto pilot at:

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