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.

Tags: Advertisement, Big Money, Campaigns, Dollar, Expensive Car, Impulse Purchase, Money Saving Tips, Money Tips, Necessary Evil, Saving Accounts, Saving Money, Share Tips, Spendthrift, Stop Wasting Time, Sucker, Wallet

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08 Dec 09 Stay Out Of Debt This Season

Avoiding debt when gift shopping is something most people would like to do. Anybody can get a little out of control with the demands of the season pressing against their credit cards. But keeping that debt down is your best way to ensure the new year starts as happily as it should. Instead of spending January wondering how you’re possibly going to pay down these debts.

Keep accurate receipts of all your purchases, and make sure you take time out to weigh them against your mounting debt. This way you can keep track of your budget much more accurately. You’ll be able to decide how you should move forward, and when you should cut back on the gift buying. Set a good limit for yourself, and try not to go over that limit.

Holiday food gets very expensive, what with big meals and buying food for your entire family. So try to budget out your personal meals to make up the difference. Meals coupled with gift spending can get out of control, so keeping careful track of both is essential. Try eating smaller more budgeted meals on your own, saving money so that you can afford to go extravagant when the family time rolls around. This way you can still have the fun times, without feeling the credit pain later.

Don’t disrupt your savings, as that’s a huge mistake many people make. Your savings should be untouched, and is there specifically to serve a purpose. Your savings are either for a rainy day, your kids college, or your retirement. It’s not worth compromising any of the three just to buy a few extra gifts. So keep a handle on that savings account, and don’t touch it under any circumstances.

Finally, try posting your debt somewhere that you’ll see it often. That way you’re faced with how much debt you stand to build over the holidays. This will help you make better decisions, and avoid overspending to a huge extent.

Tags: Careful Track, Circumstances, Credit Cards, Debts, Decisions, Extent, Family Time, Fun Times, Gift Shopping, Holiday Food, Holidays, Kids College, Mistake, New Year, Rainy Day, Receipts, Retirement, Saving Money, Savings Account, Time Rolls

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31 Oct 09 Extending The Life Of Your Car

Part of saving money is making better use of what you have. One of the best ways to do that is to prolong the life of your automobile. By making your car last for as long as possible, in great condition, you prolong the amount of time before you have to buy a new vehicle. This way you’re helping the environment by not discarding a car every few years, and maintaining the vehicle you have so that you don’t emit more harmful fumes than necessary.

The first key to keeping your car fit to run for years and years is finding a good mechanic. Search for a mechanic you can trust, that also charges fair prices. Someone you feel comfortable with, and that you can trust to do a good job, not just try to sell you more things you don’t need. Ask around your community, turn to friends and relatives to get their opinions. If you don’t know much about car maintenance yourself, do a little research around to guarantee you don’t get taken for a ride yourself.

Read your car’s owner’s manual, so that you can be up on the standard of care needed for that automobile. Keep up on your oil changes, about every three months, and don’t buy the cheap stuff. Try to use the type of oil recommended in your owner’s manual, to ensure maximum engine efficiency.

Finally, make sure your car is always clean. That means regularly washing your car, and keeping the inside clean. This way you avoid any little problems that a buildup of grime could cause, and you keep the whole vehicle running as smoothly as possible. The better you maintain your car, the longer it will last. Take good care of your car to ensure you get a long full life out of that vehicle, and to ensure you don’t encounter any preventable problems down the road.

Tags: Amount Of Time, Automobile, Car Maintenance, Car Part, Cheap Stuff, Encounter, Engine Efficiency, Good Job, Harmful Fumes, Helping The Environment, Keeping Fit, Mechanic, Oil Changes, Owner S Manual, Preventable Problems, Relatives, Running, Saving Money, Three Months

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08 Dec 09 Stay Out Of Debt This Season

31 Oct 09 Extending The Life Of Your Car

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