9 Tips to Save Money - Personal Finance Basics


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There are many things which come together to make for a successful business enterprise. These things are conveniently divided into four key managerial
segments or functional areas of business including the production, marketing, human resource development and finance.

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9 Tips to Save Money - Personal Finance Basics

  1. 1. ==== ====The Truth About Managing Change:http://blog.pro2sell.com/category/ms-in-finance==== ====There are plenty of simple tips to save money when dealing with personal finance basics. Someare slightly more time consuming than others but despite that fact it is completely worth what timeit might take. If you only follow one or two of the following tips you could save hundreds of dollarseach year.REQUEST FREE SAMPLES:There are plenty of websites that offer free samples for every day products. Even the huge storessuch as K-Mart or Petsmart have great opportunities for everyday people to get free items. Theseitems range from skin moisturizers and shampoos to frozen food or bathroom products. Anotheroption is to visit a manufacturers website to find those free samples on brand new items. If youneed something, type free sample into Google before you go to the store to purchase it. This isthe beginning of mastering personal finance basics.CHANGE CREDIT CARD SPENDING AND HABITS:Credit cards can be wonderful but can be dangerous. With high interest rates and monthly fees,credit cards may wind up costing you a lot more in the future than you expected.My rules of thumb:- always use cash unless its for a major purchase- be certain you are able to pay for the item before you use a credit card- be sure you can pay the balance of your credit cardAVOID IMPULSE BUYS:Everyone has had to push a shopping cart through the aisles of the grocery store and the momentwe get to the check out we have double the amount we planned to get. Always, always, alwayscreate a shopping list, follow it and never purchase anything thats not on that list. This shouldinclude any type of shopping like wardrobe, food or entertainment. Retail outlets are mapped outspecifically for impulse buys with candy racks and gum within easy reach. Make your list, check ittwice, and follow it.SHOP THE SALE RACK:This is another personal finance basics rule but dont confuse this with an impulse buy. You have
  2. 2. your list and know what you need, so check the sale display before you shop. Chances are youwill locate that said item on sale and pay half the usual price. Food stores operate the same way.They usually over order products and are forced to run unadvertised specials on overstock items.Just make sure the item is on your list.SAVE YOUR HARD EARNED MONEY:This may be the hardest thing you have to do when money is tight, but it just might be the mostcritical step to take. According to the book The Wealthy Barber you should save ten per cent ofyour paycheck every month. That may not sound like much but it will add up rather quickly and ifwisely invested it will assist your retirement down the road.SAVE YOUR CHANGE:This may sound a little silly but this little tip is a great one. How? Because in some ways its likefound cash. After you come home from the store put any loose change into a jar. Each month orevery couple of months count up the change, roll it up and deposit it into your bank account orreward yourself to a well deserved evening out. These are the personal finance basics you learnedwhen you were very young.BUY IN BULK:Weve already touched on shopping but I have another shopping tip that mostly applies to buyinggrocerys. Buy in bulk. If you drink a lot of fruit juice and you see that it is on sale at half price, buyfour rather than two or purchase the 24 pack of water instead of the smaller 12 pack. This mayseem easy but plenty of people do not make bulk buys on every day products.CLIP COUPONS:I know this might make you feel like your grand parent but this is another great way to save plentyof cash. It only takes a few minutes every week and you can end up saving hundreds of dollarseach year on items you were already going to buy. Go through your local newspaper or checkonline for some amazing coupons.RECYCLE PLASTIC BAGS:This is a wonderful way to Go Green and it will save you money too! Lots of stores are nowmaking you pay as much as 10 cents for plastic bags. Chances are you have about 1,000 hiddenaway in your closest already. Couldnt you just bring them to the store and use them again?Another way to recycle and save money is to use those plastic bags from the store in yourgarbage under your kitchen sink or in the bathroom. You dont have to spend $5 each month on abox of kitchen garbage bags when you already have them at home.These easy tips will save you lots of money and they are simple and might even be fun. Its alwaysrewarding to know that you have started to take the first steps to becoming free from debt. Bycarefully following these tips to save money you are one your way to understanding the personalfinance basics all of us should know.
  3. 3. You can pay off your debts and save money at the same time! Say goodbye to your boss forever!A blog that will show you the secrets of the wealthy: http://www.howtomanagemoneytips.comGet a free budget sheet, net worth calculator, tools and more:http://www.howtomanagemoneytips.com/ebook.htmlArticle Source:http://EzineArticles.com/?expert=Brandon_Schmid==== ====The Truth About Managing Change:http://blog.pro2sell.com/category/ms-in-finance==== ====