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
  834 Hits
834 Hits

Search Blogs Module

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