Free Money Saving Tips
We’ve been getting out of debt since 2004…Crunch time or not, these are money saving tips that work
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Jan11
Money Saving Tip 31: Don’t spend what you don’t have
0Here is an old fashioned idea if I ever saw one, but what would happen to your finances if you every month, you never spent more than what you had?Financially and pretty much in every other respect, our lives are easier than in the olden days, yet more and more people are getting into trouble with money. Life may be easier, but managing money in the 1930’s was surely simpler. You could only spend what you had. And only a little bit more. Back then, if you spent a little bit more than what you earnt you would get into trouble very quickly. The greengrocer would stop extending your credit. The butcher wouldn’t sell to you and your landlord would be throwing you out.Now you just put it on your credit card and 4 years later you might get a letter asking for the money back.This tip basically tells you to go back to the old fashioned way of money management and make sure youspend less than you earn.It comes with baggage though; you have to track how much you spend. So you’d need a budget. And you need to spend time tracking your expenses.The pay off is that you have total control of your finances. The downside is that you’ll slow down the economy…Take Action Today:Get Your Budget Sorted!
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