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Saving Money

Strategies for Stretching Your Money and Making it Last

Today’s economy is not in the best shape and this has a lot of consumers worried about their money and their future. There is a good chance that you toss and turn each and every night, because you’re worried that you might get into serious trouble in the near future. To avoid potential problems, it is absolutely pertinent to make sure that you prepare for the future. There are numerous ways to make this happen. Below, you’ll find tips for keeping more money in your pocket at the end of each month. Spend Wisely First and foremost, you should go above and beyond to spend your money as wisely as possible. There are too many people that spend their money on items that are not necessities. If you do this, you can almost guarantee that you’re going to run into problems very quickly. To avoid such problems, it is in your best interest to only purchase necessities from month to month. Avoid overdoing it. Instead, you should pay your bills and then set the rest of the money aside. This will allow you to avoid running out of money and being forced to scrap by. Open A Centsible Savings Account ...

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4 Things to Rent Instead of Buy to Save Money

In the past, many people believed you should buy a home instead of renting it. The idea back then was that renting a place to live was the same as throwing your money away. However, if you were to buy a home instead, you were investing in something to sell later and get your money back, which ultimately saves money. But, depending on your individual circumstances, it doesn’t always make sense for everyone to buy a home. Why Renting May Be a Better Move Let’s say you are only going to be living in a place for a short time, say six months to a year, because your job requires frequent moves. In that case, renting is likely the more desirable option for you and would actually save money in the long run. Let me explain. Purchasing a home requires a down payment, as well as inspection fees, closing costs, and realtor fees. In addition, if you don’t have enough money to buy the home outright, you may need a loan. To make it worth paying all those fees, you would need to stay in your home for at least a couple of years to avoid losing money on the ...

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How to Use Bartering to Save Money

How to Use Bartering to Save Money

It’s been over a decade since one young Canadian man became somewhat famous for his ability to get a house for the price of a paper clip. How did he accomplish such a miraculous feet? He used bartering to trade up each transaction. If you aren’t familiar with the story, ABC news did a feature about it and it is quite an interesting story to read. When you first begin reading his story you may find yourself thinking that it must have taken hundreds of transactions for his to reach his goal. But in truth, it only took fourteen. What this amazing tale teaches us is that if you are budgeting you can use bartering to save money. 1. What is Your Goal The first step when you are bartering is to determine your final goal. A simplified example of this is a story my parents told me about the summer they put a new roof on our house. My parents were looking for a way to reroof the house and save money doing the work themselves. Once the job was complete, they hoped to be able to apply the money they saved toward a sprinkler system for our yard. ...

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Saving Money on Household Goods Without Extreme Couponing

Saving Money on Household Goods Without Extreme Couponing

When I was fresh out of college and low on money, I searched for ways to save and came across extreme couponing. I started clipping coupons, printing them out in mass quantities from internet sites, and even purchasing some on E-bay to get items I needed. It wasn’t long before I built up a stockpile of both foods and household goods. Unfortunately, I found that not everything I bought were things I needed. Some even expired before I could use them! This led me to realize maybe extreme couponing wasn’t really saving me the money I thought it was. Now, I still try to save on household goods and groceries, but I don’t do it with extreme couponing. Here’s what I do instead. 1. Shop Sales Obviously one of the ways to save on household goods without extreme couponing is to watch for the items you frequently buy to go on sale. If you pay attention to the sales flyers of the stores you shop at you will notice most have a cycle. Certain items will go on sale every few weeks and others every few months. If it helps, you could chart it so you can figure out the ...

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How To Save Money On The Important Stuff

Saving money is challenging. And sometimes it feels like a daunting task that is constantly hanging over your head. But, saving money doesn’t have to be a challenge. I am here to teach you how to save money without giving up the things you love. Saving money can be easy, you just have to know where to start and how to go about it. If you are looking to save money, use these tips for simple tasks that will help you save big. My first tip to help save money is prioritizing your purchases. Everyone has things that they want, but that doesn’t mean you can or should get all of them. Saving money is an act of balance between what you should and shouldn’t purchase. To master this, I recommend creating a list of things you want and need, then prioritizing them based on importance, desire or relevance. The result of this is a list of everything you want and when you should buy it. The list is a realistic resource of what you should be buying. Whenever you are shopping, it helps you guide your purchases which will result in you not over spending. Additionally, the list will ...

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