Asset Planning, Inc Blog

The latest from the team.

10 Money Saving Tips That Can Really Help Your Bottom Line

 

We recently came across an article written by Kraig Mathias with some great money saving tips and want to pass them along to you. By following these tips you can really help your bottom line and focus your extra funds towards saving for the future.

  1. Get out of debt and stop borrowing money. Pay off all of your debt now and do not buy more than you can afford to pay off each month. Having no more payments means you can save that money instead.
  2. Stop going shopping. While you are getting out of debt stop spending money on unnecessary stuff. You will not make any progress if you continue to spend money at the same time you are trying to pay off your credit cards. It is a vicious cycle that is hard to get out of.
  3. Eat at home and eat out very little. Eating out can be extremely expensive. You will be amazed at the amount of money you can save by merely eating at home more often.
  4. Make a budget each month. Once you sit down and make a budget for the month you will be able to see where all of your money is going and can cut out unnecessary spending.
  5. Think about the bigger picture. Set a goal for why you are saving your money. Once you have a specific goal it will be easier to say no to that daily cup of coffee at Starbucks and make one at home.
  6. Downgrade your disposable goods. You can save big time by buying the generic laundry soap instead of the name brands. They are usually just as good without the high price tag.
  7. Keep your living situation modest. If you are serious about saving money living in a posh apartment or driving that expensive sports car is going to put a strain on your savings potential.
  8. Learn to say no. You’ll have to learn to say no to an expensive night out with your friends. Try suggesting a low cost alternative. This is a big part in taking control of your discretionary spending.
  9. Learn to be content with what you have. If you are content with what you have you will be less likely to want more. Instead of going out and buying new stuff all of the time, try saving for it and paying in cash instead of charging it. You will be more satisfied with the purchase and that you earned the new item.
Continue reading
  860 Hits
860 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
insurance policy drive /usb president Trump privacy notices DNA test kits Shred paperwork 2017 IRA contributions self-help topics blog post Ice Cream Social National Ice Cream month California Lions Friends debt Independence Day check lists home security executive order Two-Step Verification memorial Day weekend toilet paper Social Security banking pet industry July 4 April 15 ID card scams EEChecklist-Kits.pdf stockpilingchecklist.pdf settlement options partner /owner home emergency kit trustee Medicare question bottom line Orange County non-prescripstion sunglasses client portal clients show support credit freeze email notifications Notary Public home emergency preparedness kits 2018 IRA contributions information Facebook borrowing money wells Fargo cell phones investment statements disaster areas retirement accounts card reader 20 year anniversary fun facts phishing sites emergency folder D premiums Erin Nelsen https :// asset Planning checklists Auto insurance contribution limit prescription eyeglasses Federal Trade Commission website Puerto Rico Medicare Part B “ skimmer ”. Open House Asset Planning padlock Part B credit card fraud CFP ® retirement 4 pm -8pm relief efforts FSA health care costs home break-ins Supplemental Security Income April 11 identity thieves company assets opt-out Financial Planning Magazine portal fun atmosphere 23 andme home cell phone carriers offer Amazon app jury duty Social Security Administration vacation Wells Fargo employees summer pet breach Medicare pets Victor Dergunov spam phone increase fees Retirement Contribution Limits ice cream life saver illiegal robocallers ice cream event 900 number policy retirement plans Fox News story FEMA website clients Mobile Banking Security Tips CERTIFIED FINANCIAL PLANNER exam vision screening gap insurance pet supplies integral member Wells Fargo customers credit cards 2017 Equifax breach spring cleaning October 1 2020. home mortgages parking spots Open Enrollment VOIP landline phones trust Kiplinger Letter Facebook profile credit score Medicare Part B premiums June 29 Flexible Spending Account Kraig Mathias IRA accounts 2017 TD Ameritrade National LINC Conference interest rates identity theft estate IRS deadline phone companies tax deadline clone counterfeits insurance policies 401K house sitter tax season phishing scams earthquake app retirement planning privacy settings Legal robocalls car loans money credit card company Roth IRA Part D premiums . information https ://seekingalpha credit monitoring service estate planning emergency kit birth certificates documents April 18 2017. Orange County Superior Court paperwork clutter driver license official certification Treasury Department 70 1/2. flash drive Healthcare account numbers Affordable Care Act notary services web address rescue organizations Brexit vote chip-enabled EMV cards consumer spending