Ways to Spend Less Money
reminders of your goals with you. Decide whether that purchase will help get you
closer to your dreams or goals.
as little cash as possible.
direct deposit (instead of getting a paycheck, your salary is automatically deposited
in your account) if your employer offers it.
Use only a few credit cards.
with cash or a check instead of a credit card. Using a credit card adds a finance
charge to the cost of your purchase if you do not pay off the entire bill.
shop "for fun", or for something to do. It's hard to look at things for sale without
items on lay-away when you can. This helps stop you from buying on impulse, without
thinking. Also, lay-away plans usually don't have finance charges, as credit cards
only what you need: don't buy items just because they are "on sale" or just because
you have a coupon.
you subscribe to cable television, carefully choose which channels you will pay
to Make Budgeting Easier
when bills are due. Time your fixed payments - your rent, your car or loan payment
- to match your paycheck schedule.
if your utility companies offer "level billing payments" or an "average payment
plan". This divides your bills into 12 equal payments. It helps with budgeting
because you know how much the payments will be.
companies also offer "deferred payment agreements", based on how much you can
pay. Under this agreement, you pay back a little bit each month on money you owe,
in addition to your current bill.
a checking account for paying your bills. This gives you another way to see what
you spend. Shop for the best deal. Some accounts pay interest, some charge fees.
yourself first, before spending any of your paycheck. Put that amount in your
savings account, even if it seems like a small amount.
your change at the end of each day. Put it in a special savings container - you
can even call it a piggy bank!
Bank your surprises. If you receive money unexpectedly, as a gift or Tax refund,
deposit in your savings account.
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