The Best 5 Tips On How To Save Money

You only make so much money; spending it wisely is the quick advice on how to save money. There are certain costs that you have no control over so don’t focus on that. Instead focus on what you can control. For example, you cannot control the cost of gas, but you can control how much driving you do. There are additional ways to save money, learn how.

Tip #1 – Avoid The Impulse To Buy

Impulsive buying is so easy. An impulse buy means that you see, you create instant need, you want, you buy.

If you avoid putting yourself into the situations that create the urgency to buy you will save money on needless purchases. At the time of the purchase you have convinced yourself that it’s the most important buy you will ever make. After the purchase you realize you were just fooling yourself.

Three popular impulsive situations to avoid are vending machines and shopping when you are hungry or in a hurry.

Tip #2 – Avoid Friends

That sounds worse than it is.

Avoid friends who are big spenders and you will not be forced into a situation where you have to keep up. Everyone has a friend or two who either has money or spends like they do. If you spend less time with them you will be more likely to live within your means.

Tip #3 – Avoid High Cost Entertainment

That sounds boring.

Actually you can enjoy seeing a movie just as much at the matinée time as you can during peak hours. If you can swing a matinée you will save money on the high cost of movie tickets. Even better, if you can wait until the movie hits the discount theaters the tickets are even less expensive. And one better, wait until the movie comes out on DVD; you not only save on the price of the movie ticket but the price of popcorn too.

Tip #4 – Kick The Tires

If you do not need a new car, don’t buy one. A new car begins to depreciate the minute you drive it off the lot. You may be better off buying a used car.

Regular car maintenance will keep your car running longer. Simple changes like oil, air filters and spark plugs can add years to your car. Create a maintenance schedule with your mechanic and stick to it.

If you do decide to buy a new car, be sure to check on the MPG, miles per gallon. With the price of gas likely to continue to rise you will save money with a high MPG. Again, you cannot control the price of gas but you can control how much you drive and the type of car you drive.

Tip #5 – Be The Winner, Avoid Fees

Credit card companies have the sweetest admiration for individuals who carry credit card balances. These companies love you because you are a money-maker for them. When you carry a balance they win and you lose. Be the winner, save your money, pay off your credit card balances, carry a zero balance.

You work hard for your money; by spending less of it you will save more of it.