We all know that we as human beings enjoy a bit of indulgence every now and then; more so when our ‘shiny’ hard earned paychecks find their way into our pockets. However, spending carelessly or somewhat randomly does not aid in keeping your finances under control! There are some tips below to help get you started; take them into consideration if you want to achieve your dreams of being ‘wealthy!’
1. Get rid of stuff you don’t use.
Take a trip through your home and look around for things that you simply don’t use – and do something about it. Put together the things you rarely use and will probably never use again. Sell them or give them away – just get rid of the clutter.
2. Do some basic energy efficiency checking around your living quarters.
Replace your light bulbs with CFLs and LEDs – each bulb replaced adds up to at least $15-20 in energy savings over the lifetime of the bulb. Install a programmable thermostat to replace your current one, then program it to have the heating and cooling shut off when you’re not at home, saving you the cost of running it.
3. Buy in bulk the staples you use all the time.
Quite often, people march through the store, buying things without careful consideration. They’ll either buy everything at the size that’s the cheapest per unit – even if they rarely use it and much of the item will go to waste – or they just grab the most reasonable size of each item.
4. Figure out your most cost-effective grocery store and shop there.
This takes a little bit of up-front work, but the rewards over the long run are really worthwhile. To put it simply, all you need to do is figure out which grocery store available to you has the best prices on the staples you normally buy frequently, things like milk, fruit, eggs, vegetables, your favorite cereal, and so on.
This article is for information, illustrative and entertainment purposes only and does not purport to show actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular investment action.
