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Author: Roger Chaumont
1. Plan Whenever you go somewhere that you know will cost you some money, make a plan. If you're going to do the groceries for instance, make a list and stick to it. If you are going on vacation, create an itinerary that you can stick with and stay with your allotted expenses. Failing to plan can
2. Budget This is one area many people fall in trouble with. They just don't do it. Create a budget and put it on paper. You will be amazed on how things become clearer when you see it all in writing. If you don't know how to create a budget, look in the yellow pages, some companies give free financial consultations.
3. Allowance Give yourself an allowance. Even if you're in the process of repairing your financial situation. It's important to treat yourself once in awhile or depression may set in and cause you to overspend.
4. Credit Cards It's just too easy to buy stuff using credit cards. You should only use these cards for emergencies. Did you know that on a balance of $1000 if you make the minimum monthly payment, it will take you over 20 years to pay it off. TIP - if you do have credit card debt and are in good standing, call them and negotiate a lower interest rate.
5. Break some of those old Habits. Keep track of where your money is going. Most of us develop bad habits over the years that often add needlessly to our expenses. How many times have you wondered to yourself - what did I do with my last 20 bucks? We often get into the habit of making small purchases without giving it much thought. Then wonder where the money went. If you don't remember what you did with the money, chances are you just blew it away. ( Next Page )
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