msgbartop
A great place to share your resources.
msgbarbottom

13 Dec 09 5 Important Money Saving Tips

Money is a necessary evil. We need it to pay our bills, but when it comes in excess it makes us spendthrift, and when it is gone we become worried. Therefore, we need to be wise with the money. Here I am going to share 5 important tips that will help you become more responsible with the money.

Dollar one is saving is worth dollar two in the pocket

Always spend less than what you earn. Do not get sold to “free credit” campaigns. This is a sure and certain way to increase your debt. Such campaigns are the reason why so many people are buried deep in debt. Always remember, dollar one is your saving accounts is worth dollar two in your earning.

Stop wasting time

Wasting time is a bigger crime than wasting dollars. The more time you waste, the less opportunity you will get to make yourself financially sound.

Avoid “Impress all” business

Impressing people with the show of your wealth is not healthy; nevertheless, many people indulge in doing so. They buy expensive cloths, live in an expensive house, buy a expensive car, watch, and what not. Do not get into this business. This is a big money sucker.

Do it yourself

Often time we end up hiring people to do the work, we can do ourselves. This is not a good idea. It makes you lazy and depletes your money reserve. Avoid doing that.

Say no to impulse purchase

Colorful, shiny advertisement and “last day sale” announcements are set up to force you pull wallet and make payment for the product you may never need. Many people fall for these and later regret. Only purchase the product that you need. Do not succumb to the pressure created by advertisement.

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • BlinkList
  • blogmarks
  • Blogosphere News
  • Fark
  • Faves
  • LinkedIn
  • Live
  • MyShare
  • Netvouz
  • Propeller
  • Reddit
  • StumbleUpon
  • Technorati
  • Yahoo! Buzz
  • Yigg
  • LinkaGoGo
  • MySpace
  • NewsVine
  • RSS
  • Simpy
  • Twitter
  • Yahoo! Bookmarks

Tags: , , , , , , , , , , , , , , ,

Leave a Comment