Business & Finance
Budgeting Tips to Save Real Money
Sticking to a budget can be difficult, but with so many demands on your finances you have to be extra cautious. TV ads are constantly bombarding the airwaves with messages that you need to buy this or you must have that. Usually, if you just wait a week or two, the urge to buy that new gadget will pass. But, what should you do if you have already spent more than you have? The following are several real world ideas that can help you save real dollars.
First of all, consider refinancing high interest-rate loans and credit cards. Obviously you would like to pay as little interest as possible, sometimes by shopping around and transferring a balance to a low-interest rate card, you can save hundreds of dollars. Even better, if you can find a lower rate on your mortgage, you will be savings thousands of dollars. Just make sure to get your debts paid down as quickly as possible.
Secondly, change the deductible on your auto insurance to $500 or $1,000. This change can save you up to 40%. The insurance company will make money no matter what. If you file a claim they are likely to raise your rates to make up the difference so you end up paying no matter what. It makes sense to cover the first $500 or $1,000 yourself and enjoy a lower monthly premium in the meantime.
Another idea is to trim some small expenses. For example, if you get your haircut every 6 weeks, see if you can go 7 or 8 weeks instead. This will save you the cost of 1-2 cuts per year. Check out that book from the library instead of buying it. Try renting a video instead of going out to the movies. Purchase a ready-made meal at the grocery store instead of going out to eat. Be creative and see what little expenses you can trim that will add up to big savings over time.
Other ideas include clipping coupons, taking your lunch to work, carpooling (or walking, biking, or taking the bus), stop smoking, and finally just donít even open up that catalog. Toss them out immediately. If you peek inside you're bound to find something you like.
In order to make sure that you stay on track with your budget, it is important to know where you stand. To get an idea of how your spending compares to a typical budget and see where your money is going each month, take a minute to use the free budgeting tools available at http://www.trimyourdebt.com/welcome_budget_short.aspx?src=art
About the author:
Don Blackhurst has been working in the banking and finance industries for over 15 years and has an MBA with an emphasis in Finance. He is the co-founder of TrimYourDebt.com ( http://www.TrimYourDebt.com), which provides free budgeting tools, debt planning, and credit help.
Circulated by Article Emporium
Wealth Creation | Financial
republishing this article is permitted with this footer
Collect a Free 260 page
ebook here: Universal
Earn up to $1,000 per referral: Wealth
finance, stock market & business articles have been supplied in the
interest of Universal Wealth Creations visitors who want to
expand their knowledge in the wealth creation & investment
fields. All the business, finance, stock market &
business articles have not been read as they are submitted
remotely, so if you find any questionable facts in here or simply do not
like it, please email email@example.com and we
will review the material. As we find time to do so, we will go through
all articles and remove any that appear not suitable. Other sites we
recommend here at Universal Wealth Creation are:
Century Academy with
Finance, Universal Trading Solutions which promotes great wealth
creators like: Kim Reilly,
Bedford, John Kaye, Daniel Kertcher & more. They run great seminars
across the country. At times we will publish dates for these
seminars as they are made available around the counrty.
Meanwhile, there is a great opportunity to learn about the finance,
stock market & property investment field through reading these
kind of articles. Learn about share trading, options, futures, CFD's,
derivatives, warrants, indices & more in the stock market. You will
also learn plenty about business, finance & property
investing through authors opinions in the marketplace. Enjoy
your journey towards financial freedom. We hope you will enjoy your
Universal Wealth Creation Pty Ltd
Financial Wealth | Wealth Creation
Ebook | Wealth Creation Ezine | Financial
Investment Books | Kim Reilly | Jamie McIntyre DVD | Jamie McIntyre
Homestudy | FAQ | Jamie McIntyre
Testimonial | Wealth Creation Forum
| Wealth Creation Affiliate | Bourse Data | Australian Property |
JB Global | Justin Beeton | Investor Finance
| Renting Shares | 21st Century Academy |
Pacific Investor Group |
Forex Currency Trading |
Property Investment | Property
| Covered Calls | Property Sourcing | Property Articles | Business Articles |
Finance Articles |
Resource Directory | Jamie McIntyre | Business Opportunities |
Property Investing |
Share Trading | Renting Shares
| Investor Finance Articles | Property & Finance Links | Wealth Creation DVD |
Perth Property | Adelaide Property | Brisbane Property | Hobart Property | Melbourne Property | Sydney Property | Australian Property | ASX Links | Work From Home | Making Money | CK Locke | IPO | Finance Review | Deposit Bonds | Bank Guarantees |