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
  830 Hits
830 Hits

Search Blogs Module

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