How To Spend Money Wisely
1. Come up with a budget.
Financial experts suggest you track your spending for a few months so that you
start work on your budget knowing where your money is going. If you are bad
about saving receipts for cash purchases, keep a notebook with you, to write
down all cash purchases as you make them. Additionally, make a list of your
monthly expenses, using your bills and the information you gather. Review this
list to determine where you can reduce expenses and by how much.
Financial experts suggest you track your spending for a few months so that you
start work on your budget knowing where your money is going. If you are bad
about saving receipts for cash purchases, keep a notebook with you, to write
down all cash purchases as you make them. Additionally, make a list of your
monthly expenses, using your bills and the information you gather. Review this
list to determine where you can reduce expenses and by how much.
2. Avoid impulse buying. Before
making any purchase, ask yourself a few simple questions, and be honest with
your answers. Only move on to the next question if you can answer yes to the
current one. If you cannot get all the way through the questions, it is probably
an impulse buy and you should pass it up.
Source: http://catherineswift.com/wp-content/uploads/2012/10/impulse-shopping.jpg
making any purchase, ask yourself a few simple questions, and be honest with
your answers. Only move on to the next question if you can answer yes to the
current one. If you cannot get all the way through the questions, it is probably
an impulse buy and you should pass it up.
Source: http://catherineswift.com/wp-content/uploads/2012/10/impulse-shopping.jpg
3. Shop around regularly for utilities and
insurance. Many service providers count on customers sticking with the
services simply because it is easier than shopping for another one regularly. If
it has been more than a year since you purchased your cell or home phone
service, cable or satellite package, internet service, or car, home, or health
insurance, shop around and make sure you are still getting the best deal.
Source: http://electricitybrokersuk.co.uk/wp-content/uploads/2012/10/BusinessStock252284.jpg
insurance. Many service providers count on customers sticking with the
services simply because it is easier than shopping for another one regularly. If
it has been more than a year since you purchased your cell or home phone
service, cable or satellite package, internet service, or car, home, or health
insurance, shop around and make sure you are still getting the best deal.
Source: http://electricitybrokersuk.co.uk/wp-content/uploads/2012/10/BusinessStock252284.jpg
4. Research large purchases before buying. Never purchase anything
that costs more than $200 without conducting some research first. The more
expensive the item, the more research you will want to conduct. Your research
should compare brands, prices, and quality so that you can determine which
product is the best for you and your budget. Some reputable places to start your
research include.
Source: http://www.statusboom.com/wp-content/uploads/2013/01/online-business-marketing-online-buying-customer-research.jpg
that costs more than $200 without conducting some research first. The more
expensive the item, the more research you will want to conduct. Your research
should compare brands, prices, and quality so that you can determine which
product is the best for you and your budget. Some reputable places to start your
research include.
Source: http://www.statusboom.com/wp-content/uploads/2013/01/online-business-marketing-online-buying-customer-research.jpg