When you spend more money than you earn each month you're bond to have problems very quickly. The bad is that the most of us never realize we are spending that much until it is too late.
Go through every monthly required bill . Ask yourself Do you really need that Netflix enough, or could you just rent a movie once in a while from redbox? Do you really use your cell phone much at all, or could you just replace it with a pay-as you- go phone? Then. Go through each bill and see if there are any optional services you can eliminate.
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Do you really need premium cable?
Do you really need unlimited text messages?
Keep diligent track of your spending. Keep a notebook in your pocket and write down every expense you have. The simple process of doing this will make you think twice about unnecessary expenses written down, take careful look at them. Ask yourself whether or not each of these expenses actually contributed to the value and joy of your life. That process will offer a lot of insight for you as to where your spending is going to waste.
Difference between Wants & Needs. You might need groceries , but want lobster. What's important in your life? What do you value? Begin to look at your purchases and identify then as need or want. Stick with only the needs until you get your spending under control.
Bulk is Good. Think about shopping and buying in bulk. Save money grocery shopping by planning meals. In advance and bulk-buying, you can also save money by cooking in bulk. This is a real way you can save money with little preparation and almost no extra outlay .Always purchase generics when you can.
Stop Using Credit Cards. Pay everything with cash or money orders. Don't even use checks. It's easier to overspend when you're pulling from a bank or credit account because you don't know exactly how much is in there. If you have cash, you can see your supply running low. You can even bundle up the predetermined amount of cash allocated for each expense with a label or keep separate jars from each expense.