5 helpful money saving tips~~~
Most people I know enjoy helpful money saving tips. We have all heard the tips: budgets and savings and sales, oh my? If asked most people will have a reason for not having a significant savings account. There are the clothes, shoes, vacation, new tires for the car, doctor appointments, and utility bills. Money is usually not a comfortable subject to discuss. It has the possibility of exposing our failures or short comings.
We have such great opportunities to work and earn money in the United States, but like the weather stick around and the economy will change. Over the years living in New Orleans I have seen feasts and famine periods in the seafood and the oil and gas industry. It’s easy to spend during the good times as though the flow will never stop, but it can and does.
I started wondering why some people had significant savings and others didn’t. As a home organizer, I observed that there were people who had lived on a medium income and had huge savings. I also saw people living in huge houses with expensive cars, but no savings. I realized that it had to do with being taught and applying financial principles.
My parents were teenagers when they married and didn’t teach my siblings and I, how to save money. The only thing I knew about finances was that we were poor and in debt. We were taught not to discuss money, religion, or politics. I don’t recall school discussing the subject of saving money either. It took many years for me to finally figure out how to manage and save money. When you are a parent, your child is never too young to understand the principles.
These may sound simplistic, but here are some very helpful tips to saving money.
- Create a budget of routine expenses such as: housing, electricity, groceries, insurance, etc.
- Make a habit of putting into a savings account a percentage for retirement, vacations, and the unexpected.
- Before making a purchase check and see if there are any sales on the product you want to buy.
- Avoid credit card debt at all cost; if you want to purchase something make sure you have the cash available.
- Get organized, many times when I am helping my clients organize they discover lost items and/or duplicate items
Remember it is not always things that bring joy into our lives; it is also about friends, family, and giving to others.
Lisa Giesler, Professional Organizer, Keynote Speaker, and Author of — My Life is a Mess: Organizing 101 and Uncluttered: Discovering Strength and Purpose in the Chaos of Life. Amazon and Barnes and Noble