Monday, May 4, 2009

7 tips for saving your money

Do you always find yourself with very little money at the end of the month? Do you ever wonder where all of your money went?

Here are some tips for you to save your money even though you are on a tight budget.
1. Be a miser
You do not have to worry about having a tight budget in order to fill up your daily’s needs. By being a miser, you will not only save your money but also hate spending it. For instance, you are intending to buy a car for your pleasure. If you had been a miser, you would have not bought it. However, you will prioritize your main daily’s needs instead of buying a car.
2. Long-term planning
This is good for you to have a long-term planning because you can get a large number of advantages if you practice it in your life. The advantages that you can get are to keep your money well, to think about the long-term function in which something that you have bought, and to try not to buy the useless things.
3. Think about your future
Before buying something, I am sure that you have a certain intention why you want to buy it. My suggestion is that you have got to think about your future by preparing your money for the most significant intention.
4. Make a financial report
By making a financial report, you will find out your income and outcome. This financial report is intended for finding out how much money you have spent for a month. So, you can see your overall money that you have at the end of the month.
5. Be patient not to buy the secondary daily’s needs
It is very good for you to buy your primary daily’s needs than the secondary daily’s ones. The secondary daily’s needs that some people tend to buy are a car, electronic utensils, and home-appliances. By buying these equipments, sometime they will have no sufficient money to buy their daily’s needs at the end of the month. Therefore, you are supposed to have a strategy how to handle it so that you can still have enough money at the end of the month.
6. Be a good manager
It is necessary for you to be a good conductor in conducting your money. There are many ways that you can do for conducting your money well. You have got to make a priority for your money what something you want to buy. If it is not important for you, you will just refuse to buy it.
7. Stop using your credit cards
Apparently, using credit cards look like simple thing, but it can be very dangerous for you to pull it from the bank perpetually. Someone is not usually aware of using his credit cards in order to buy something. He will be aware when he has withdrawn much money from the bank.

All in all, these tips are very simple to do on daily basis. We will discuss these points in details in the next post to help you save your money.

Keep watching for more detailed tips on finance. See you then

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