of my spending habits because I really want to see my hard earned cash
I've needed a little encouragement so I have stuck a few notes around the
house to remind me how to maintain a sustainable flow of cash.
Here are 4 tips that I have taken on board.
1 Don't spend today's money, today's money is for the future
This means that I will save a pool of money which may be
the 'rainy day' funds. If I want or need something big, I will use
money that I have already saved up rather than current money
being 'today's money'. It's not a good idea to spend todays money
as you may not have any for something important tomorrow.
2 Not just one income
Have other sources of income it could be buying and selling a
popular product on line to getting rental income for your parking
3 Take the budget challenge
Plan to budget for a specific period like a 6 months or a year
to help with your saving plan. Start with the grocery shopping
and stick to a list so you don't go off on a tangent.
- Buy in the sale, always check whether you can buy an item
- Buy what you need - if you're broke! Buy what you'll use if you
can afford it.
This is the obvious one that should be done ASAP . Debts should be
avoided like the plague. Our credit report will be crucial to getting
on in life. You've been warned! I've heard of people not being offered
jobs because they had bad credit status. Some companies offer loans
and perks with employment but based on a good credit status.
Hope you found my tips helpful...may be print this off and stick
this on your fridge door.