One dollar at a time

Most people fail because they are so in a hurry to put aside a big sum of money in a short span of time. Many end up using up their savings in a flash, because they are stashing a sum that makes a significant impact on their budget. So that you won’t feel deprived or wanting, start saving a dollar at a time. Then, slowly start increasing your daily or weekly savings.

Go automatic

Consistency is one of the keys in saving money successfully. Hence, a savings plan that routinely transfers money from your salary account to another account is an effective way to keep to your goal. Go to your local bank and inquire if there are such services available.

Involve everybody

You will most likely succeed if you involve your whole family in your money saving scheme. Involve your spouse and children, not only in helping cut expenses, but also in planning for the future use of the money your family saved. If you are single, tell your friends to support you in your effort in saving.

Choose cash over plastic

Many people, men and women alike, accumulate more debt than savings because they use their credit cards too often. Use your credit card sparingly, particularly only during emergencies. Paying in cash, instead of credit card, will help you become more aware of your financial situation and limit. If you use cash, instead of card, you will be a more careful and wise shopper.

For more money saving tips, be sure to check out KCCI

(image from wbir.com)

Post from: Thrifty Mommy

Just how many easy tips to save money articles have you read already? Too many but you still can’t get enough of ‘em I’m sure because you won’t be reading this unless you need to nudge yourself more to get into that penny-pinching mood, right? Ok, enough yadda-yadda’s.

It is imperative that we all practice these tips on how to make savings a less taxing (pun intended) task:

1. Set a clear goal.
No one saves money by hit and miss. Planning “often” makes mistakes and withdrawals tad easier to avoid.

2. Use a jar.
This kiddie way to save money is still “in”. Loose changes will not get lost if you have a jar to keep ‘em somewhere safe, right?

3. Buy generic.
Branded stuff or signature clothes can make you feel more “privileged”. But will you still feel that way if you know that somebody can save more money for other needs by purchasing generic items?

4. Do it yourself.
Many people are already realizing the kick one can get from being an efficient handyman for themselves. Just take care to avoid costly DIY mistakes.

5. Plan a garage sale.
Don’t be a pack rat. There are dozens upon dozens of stuff in your house that you can do without. Garage sales are one of the best ways to pull out some extra cash.

More of these money-saving tips from MSN Money

(image from kekit.com)

Post from: Thrifty Mommy

But with the rise of material prices, doing it yourself can actually backfire if it’s saving one’s hard-earned bucks is the plan.

If you’re efficient enough, no one’s stopping you to DIY your home remodeling or building from scratch endeavor.

But for those who still believe that building a home is still best left to professionals, here are some major ways an expert can help you save money:

Professional builders are adept on negotiating for discounts with their purchases.

Lesser mistakes is the selling point of being a professional and lesser mistakes translates to not buying again and again materials that a DIY’er has misused.

More time for you to work on your other tasks. Time is money. ‘Nuff said.

Liability worries can be taken off your shoulder if you hire an expert.

Your home can be easier to resell if you hire a reputable professional builder.

More reasons for you to hire a professional here.

 (image from home-loan-house.com)

Post from: Thrifty Mommy