lørdag 12. januar 2013

7 tips to save money

Everyone wants more money. We all want to earn more, but it is important to save money too. Saving money can be just as lucrative as making money. Here are 8 tips to help you save money today.

1. Eliminate your debts and bills
The first think you should do is to pay all the money you owe. Pay your bills, and eliminate your debts. Try not to lend out any more money as well.

2. Make saving goals
Write down how much you want to save. 
Figure out how much you have to save, whether you want to save 500$ or 100 000$ you should set goals for how much you want to save. 

3. Make a list of your expenses
Make a list where you write down your usual expenses. All the money you use on food, clothes, electricity, ect. This makes you realize how much money you are actually using, and how much you could save.

4. Cut down on your expenses
Choose some of your expenses from the list above, and think about how you can save money on that one. For example, if you want to save money on clothes. Try to buy less clothes, and buy cheaper clothes. You can also decide a sum which you will use on clothes every month. The sum should be lower than the one on your starting list.

5. Stop using credit cards
Credit cards are terrible. You should not use your credit cards unless you absolutely have to. Credit cards make you forget how much money you are spending, and how much you have spent.

6. Make a savings account
Try to put some money in a savings account. Put away your money instead of having it available. Get an account with rents, so you actually make money from having your money in the bank

7. Prioritize savings
You should put savings first. When you get paid, don’t spend all your money and save what is left. Start with your savings, put your money in a savings account as soon as you get them.

If you follow my tips, i hope you will be able to save some money. I will try to follow them myself, because i could really use some money myself. Good luck.

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