Fix Your Finances: 10 Easy Ways to Save Money

Fix Your Finances: 10 Easy Ways to Save Money

facebook-graphic-5“Money won’t create success, the freedom to make it will.” ~Nelson Mandela

Money, according to a classical definition, is what money does. And truth, as they say, is like a rubber band. Stretch it and it can do wonders. So if we can really make money in order to do whatever we want, there is nothing like that.

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Using our blissfully easy ways to save money tips is almost like a first-aid approach to a very intricate problem perhaps faced by almost each of us. It is important to know how to manage money efficiently to ensure bulky savings. Whether to save some part of what we have to spend or whether to spend at all on a service or commodity should be the first question to be answered.

  1. itworks grow my business distributors neededIn the case of large investments, the first step for a prospective buyer is to identify and correlate the valuable item or service with need or desire. It is better to test its utility first, for example, by borrowing it for a fixed time period. If you are satisfied and convinced about its necessity and think that you really need that, you may buy it. But to save money, you as a wise consumer must find the best seller in terms of comparative pricing, quality & market reputation.
  2. For lower priced items, one has to shop for the lowest prices, also keeping an eye on the quality aspect. For example, if you take the instance of buying clothes, the best purchase is off-season discount sale, wherein you can get good clothes at cheap rates.
  3.  For financial investments, like the stock market, follow the golden rule of buying volatile stocks when the price of an item is down & sell it when it is at a high. The profit thus earned can be invested in the equity market for steady items.
  4.  Today’s Internet has provided the best opportunities to shop vigorously for the best price before you actually drop the money. Especially for insurance, loan facilities and financial management, one is spoilt for choices. Proper analysis of rates and amortization goes a long way in saving even hundreds of dollars in a year.
  5.  Change of plan in case of services like telephone, insurance, etc. can save you costly dollars provided you simply have the knowledge about the best existing plan.
  6.  Making a monthly budget for buying the essential items and regulating the number of luxury items can yield considerable savings.
  7.  Expensive weekends and extravagant outings should be replaced by reasonable excursion for wholesale entertainment.
  8.  Proper food planning and food habits result in better living, both financially and mentally. Stay healthy and you can save on medical bills. Having a proper food plan also prevents food from being wasted.
  9.  Paying the bills within due dates provides invaluable savings, because, in this case, as you have to pay, it is better to pay in time to avoid penalty.
  10. If you are an employer, you should encourage flexible job responsibilities for your task force, making each one compatible with the work within a department. This will help in cutting down employees cost and help complete a task within time, even if someone is absent.

yitThere are obviously several other ways to save money and lead a frugal life without tension. It is always told that money saved is money earned. Just keep it in mind and stay happy.

Affirmations & Reflections: Financial Freedom

Affirmations & Reflections: Financial Freedom

Finance

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I work towards financial freedom.

One of my main goals in life is to be financially free. Everything I do now in my personal and professional life is geared towards achieving the financial freedom I desire. And I know it is on the horizon.

I am excited about what is to come, about what I know I can easily achieve once I leave financial challenges behind. I anticipate being able to provide all the niceties that my loved ones deserve.

I acknowledge that my past chronicles unwise choices and a lack of the discipline needed to maintain financial wellness. But I also recognize that the time has come to put aside such behaviors and focus on a financially healthy future.

In my workplace, I focus on achieving the targets set for the company. I actively play my part in making the business successful so I can, in turn, reap financial success. I look forward to the rewards in store for me.

In my personal life, I eliminate unnecessary and wasteful expenditures so I can put that money away in savings. I now truly understand the impact of being financially responsible. I know that I am in charge of my financial future.

Today, I bring my financial freedom into being. The pride I feel as I make wise choices in managing my money keeps me focused on my goal.

Self-Reflection Questions:

1. Do I have the discipline to deny myself one of my favorite, expensive treats?
2. In what ways can I work at building financial freedom?
3. Can I maintain financial freedom after I achieve it?

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