If you are visiting this web site you probably are looking for a way to save money, get out of debt, or get a good deal. Let me first say that you are very smart for being here and are on the right track to a better future! I am going to give you a few tips and ideas to get you started on the right foot to living a frugal yet rich lifestyle….
1. Take Little Steps Not Big Ones
Making changes to your everyday lifestyle is hard, that is why so many people try new things, (like diets) andÂ Â eventually fail. Cutting back on your spending is much the same.If you go at it with a high level of intensity at first, you will eventually rebound. The best route to success is to take small steps not big ones. Start with one store to do coupons at so your not overwhelmed. Once you have conquered that store maybe you can add another.Â Eventually you will start creating a stockpile and have made big changed in your spending.
2. Realize That You Are Not Alone
Some people spend money like it is going out of style, racking up credit card debt, multiple vehicle loans, student loans and mortgage loans too. If you are struggling with debt, and making end meet, know you are not alone and there are people out there to help you through this…like us! 🙂 Don’t give into the idea that it is hopeless- there is hope and people who want to help you…like me 🙂
3. Spend Less that you Earn
This seems like a NO BRAINER to me..Your primary goal each month should be to spend less than you bring in. If you do that consistently over and over again, your financial situation will improve. There are tons of ways to do this…an old fashion budget, complete abstinence from credit cards, putting some of the income directly into savings…SPEND LESS THAN YOU EARN!
4. Calculate How Much You Really Make
Many of the tactics of living cheap seems like a waste of time to many people. “I am not doing that to save five whole dollars…” is a very common thing to say. If you feel that way try this experiment.
> calculate how many hours you work in a year, then add the hours you spend driving to and from work, the hours spent working on stuff from work at home..if you spend even a sliver of time on a task for your job-count it!
> Next, calculate how much money you earn in a year, including your benefits, then subtract the taxes, the cost of gas, the cost of work clothes, the cost of child care, and anything else that you buy for your job.
> The, divide the amount you actually earn by the number of hours you really work…sorry this can be a painful process!
What does that number mean? You can use it for a comparison for everything you do! Thinking of buying an expensive gadget? use that hourly rate figure to see how much of your life your giving to your job to get that gadget.
5. Record Every Penny you Spend for a Month
Money slips through our fingers in simple and subtle ways. We spend a little here and there on something forgettable and unimportant and by the end of the month it is PANIC time. We are left with very little money 🙁 Spend a month keeping track of every penny that you spend, noting exactly how much you spent and what you spend it on. At the end of the month go through it and note which expenses were actually essentials and which were frivolous.
**Side note, I REALLY DID NEED THOSE Picture deals, great for Mother’s Day!!! :):):)