When it comes to saving money, there are a few things that you can’t cut back on too much because you need them to survive, such as clothing, shelter and food. You can take the bus to work and not buy a big screen TV, but you will not live very long if you don’t eat! However, buying food doesn’t have to be as expensive as you might think. If you wince in horror everything you take out your wallet at the supermarket, there are many ways that you can cut down your food bill while still eating healthy and tasty meals. Keep It Simple Learn to cook simpler, basic recipes which … [Read more...]
How to Still Be Social Even When You Are Saving
Many people have the idea that being frugal and saving your money means that you have to lead a boring life of sitting at home making budgets, counting pennies and staring at the wall. However, this is absolutely not true. If you are saving for a financial goal or to pay off debt it doesn’t mean that you need to cut out your social life completely! Although going out for drinks, meals and shopping with your friends is very expensive, there are other ways to spend time with the people you love without needing to splurge. Dinner Parties Instead of Restaurant Meals Eating out in restaurants … [Read more...]
Don’t Make These Financial Mistakes When Buying a Home
Owning a home is a very important milestone in life and for most people it is the largest purchase that they will ever make. Many first time home buyers are so eager to move into their new property that they overlook the fine print and details and make some mistakes. Buying a home is a complicated process and there are many things to keep in mind when you are making these important decisions. Here are a few financial mistakes to avoid when buying your home: Not Making a Large Down Payment One of the first rules to buying a house is that you should pay as much of a down payment as you can … [Read more...]
Are You Sabotaging Your Own Budget?
You’ve tried to make a budget and stick to it, recording your expenses and income on a spreadsheet and keeping track of your spending. However, you still seem to always end up with more month than money. Where does it all go and what are you missing? Budgets are not easy to keep and there are many things that you could be doing which are unintentionally ruining your best laid plans. Here are a few of the top things which can get in the way of your goal to save money: Shopping When Hungry If you are in the habit of heading to the supermarket with a grumbling tummy, stop right now. … [Read more...]
It Is Easier to Spend Less Than Make More
No matter how much or how little you’re paid, you’ll never get ahead if you spend more than you earn. This little piece of wisdom is incredibly common sense when you think about it, yet with so many Americans in debt it’s clear that not everyone follows it in practice. Living within your means is one of the best ways that you can save your money and set yourself up for financial freedom and prosperity. Living within your means is very simple, it means that you are spending less money than you are making. This allows you to put the extra money into a savings account so that … [Read more...]