Three Easy Money Saving Tips



Most people who end up deeper in debt than they would like to be, get there in a long series of small steps. Before you know it, those small expenditures add up to hundreds and thousands of dollars of debt. Unfortunately, many people cannot point to anything of lasting value they have acquired in exchange for their burdensome debt.

Just like a series of small steps will get you mired in debt, a series of small but smart steps can get you out of debt. A key requirement is to respect the value of small increments, and to resolve to make changes in your spending patterns one small step at a time. Some changes will have virtually no impact on the quality of your life, and require very little self-discipline. For the most part, the three easy ways to save money outlined below simply require a decision to do it.

1. Purchase new checks for your bank account online. Buying new checks directly from a bank, savings & loan, or credit union is the most expensive way to acquire this important necessity. By purchasing checks online, you can obtain a wide range of style choices, and save up to fifty percent. An excellent site to visit to save money on checks is BusinessPersonalBankChecksOnline.com.

2. Pay more than your minimum credit card payment each month. If you already pay more than the minimum, then increase your usual payment by an amount almost too small to notice. For example, let’s say you have a credit card that charges 24 % annual interest (some are even higher). If you pay an extra $10 per month, at the end of a year, you will be $120 less in debt than if you had not made the extra payments. More importantly, you will have saved over $14 in interest payments—that’s $14 you do not have to earn. It gets even better. In the following year, that $120 you no longer owe will save you an additional $28 in interest you do not have to pay.

3. Change your driving behavior so that you get better gasoline mileage in your current car without making any new investments in fuel additives, gadgets or upgrades. For some specific tips, see Do You Have a 100 MPG Carburetor? At $4 per gallon, if you extend your gasoline mileage by only 2 miles per gallon, an objective that is very easy to achieve, over a year and 10,000 miles of driving, you will save over $180 if you normally average 20 miles per gallon. With careful attention, you can do even better, and if gasoline prices rise to $5 or $6 per gallon, your savings will be even more important.



| InflationGuardian.com Home Page | Privacy Policy | Disclaimer | Terms of Use
| Contact Us | Related Articles | Valuable Links |