Ways to Save Money

Tips For Budgeting In Today’s World

With the way things are going in the economy it only makes sense to review a little bit about tips for budgeting your money so you can have an understanding of some of the common ways to save throughout the year. Before we start, it’s important to note that if you’re not making enough money to cover your basic necessities then you probably need a second job or you need to cut down on your expenses as much as humanly possible.

There are so many factors that can put us in a financial bind including; the way you spend your money, the cost of living in your hometown, if you have any loans and how much debt you’re carrying, and your general lifestyle. The only way to take control of your finances is to stand back and make a true assessment of where you are and where you want to be.

With that in mind there are some tips for budgeting so that you’re able to live a quality life and pave the way for a great future:

  1. Regardless of your current lifestyle, if you are not making enough in your salary to cover all the basic expenses and to have a little bit left over to enjoy yourself in life as well as to put some money away in savings and investments, it might be time to get that second job. Now, not everybody has the luxury of being able to do this for a variety of reasons including having to take care of kids in their household, people with certain disabilities, and the list goes on and on. However, if you can get that extra job, you can take a lot of the financial burden off your shoulders within a few weeks. If you absolutely have to stay at home why not consider starting an online business?  There are many free available resources on the Internet to get you going in that direction.
  2. To increase the amount of money you save every month put yourself on a money diet. This means you will have to make a plan to spend money only on those things that are essential to your daily life, and you need to stick to it consistently. Keep in mind that unexpected expenses always seem to pop up, but if you have a great plan to begin with, you can minimize the damage done by these expenses.
  3. You know the old saying; don’t spend more money than you make. This is easier said than done, especially with those unexpected expenses popping up like we just described. Regardless, if you make it a habit over the next few weeks to a few months of spending money only on the necessities you will probably see a drastic difference in your savings account.
  4. Stay organized. There are many websites offering free software for budgeting but the truth is all you need is a little notebook and a pen or pencil. All you have to do in one column is list the income sources and in the second column list all the bills and expenses for the month. If the total of column 2 is greater than column 1, then it’s time to really revamp your expenses and/or consider getting an extra Income source.

There are so many possible tips for budgeting but if you can put these few to work you will more than likely see a drastic improvement in your budget at home. The trick to budgeting is to stay focused and committed as well as not letting frustration get the best of you. You will have your ups and downs when you’re trying to balance your budget but if you maintain optimism and put a little bit of effort into it you will come out way ahead, eventually.

Saving Money on Gas is Not Rocket Science

Wow! Have you seen the gas prices lately? Every time I pass by my neighborhood Chevron I have to rub my eyes because I can’t believe what I’m seeing. As of the date that I write this article, the gas prices on unleaded gasoline are close to four dollars a gallon. Ouch! Is there anything we can do? Of course there is; we have a few tricks up our sleeve too, don’t we?

Saving money on gas is not that difficult. One of the first things you want to do is to not use your air conditioner if you don’t have to. Oftentimes, even during the winter months when it’s nice and cool outside, we love to sit in our car and cruise with the windows up listening to our favorite music while the AC is cranking. There’s no reason to have your air conditioner on when the outside temperature is 60 to 65°, correct? The latest Lady Gaga song sounds just as good with the windows rolled down.

Another thing you may try to help cut gas costs is to not go so fast. You may even save yourself a speeding ticket. It’s fun to get a nice little sports car and zip through town, but, this can lead to one of two things; wasting excessive gas and getting stopped by a city cop and handed a nice little ticket. On long trips, you may also want to set your cruise control to the maximum speed limit (if you are know as a “lead-foot”), of course, if you want, so that you can avoid pressing down on the accelerator so much and just have it automatically done for you. This will save you money in the long run.

Pretty much all major companies have a gas card. If you can get a gas card from Shell, Chevron, etc., you will usually save anywhere between 3 to 5% on your purchases. This adds up big time throughout the year.

Also, if you put your car in idle for an extended time as you’re waiting for somebody, you should know that you’re wasting excessive gasoline. If you need to wait for somebody, I recommend you get out of the car. If it’s a nice day just roll your windows down.

Here’s another tip; if you have a bicycle, why not use it to run little errands instead of getting in your car and wasting another $2-$3 of gas on every trip? All of these tips and taken together can help you save quite a bit of money throughout the year.