Are you planning on a "New Year's Resolution" to start saving more
money in 2002?
Take time to reflect on your current situation. Analyze your expenses to see
where you might be able to 'cut-back' to save more money. Remember, you
and only you control the amount of money you save in 2002.
Like any resolution, unless some action is taken on your part, nothing
will ever change.
For example, if your New Year's resolution is to lose weight, you WILL
have to change a few eating habits and/or exercise regularly. If your goal
is to quit smoking, then you WILL need to make an honest effort to stop
Key To Your Success
The key to making your resolution become a reality is to set a 'goal'. In
other words, what do you want the 'extra' money for? Are you saving for
a new car stereo system? What about a family trip to Las Vegas?
Point is, when you have something to strive for, saving money becomes
ten times easier. This goal is something you really want, so you will do
what is necessary to be successful.
Once you have a tangible goal to work toward, establish an amount you
will need to reach. Or, how much is your 'goal' going to cost?
For example . . .
A new car stereo system - $200-$700, depending on quality.
A trip to Vegas - $350-$1800, depending on distance/hotel/gambling habits.
Start off just a week at a time. Decide how much you need to save per
week in order to reach your goal. Use these tips to help save money each
and every week:
Avoid Eating Out
This may be your number one money saver depending on how often you dine
out. Trips to restaurants and fast food 'joints' can quickly add up to be an
expensive bill. Try and limit your outings to once a week, or better yet, once
a month. On other days, pack a lunch or cook at home. Not only will you find
yourself saving money, but you'll be eating healthier at the same time.
Adopt The "Do I REALLY Need This" Approach
Before you purchase ANYTHING, ask yourself if you REALLY truly need to
have it. Whenever you are tempted to buy something, ask yourself "Do I
REALLY NEED this new item, or do I just WANT it?" You may be surprised
to learn that some of the purchases you make, you simply WANT to have and
can probably get by without it (at least for now).
Put A Limit On Entertainment Costs
Who's to say that you need to spend $150 every time you have a night on the
town? There are a number of activities that don't cost much like miniature golf,
bowling, movies, picnics, camping, museums, scenic spots, local college
sporting events, city parks, beaches/rivers/lakes, and the list goes on and on.
Point is, be creative and have fun without spending all your hard earned money.
Don't Let The Kids Have Free Money
How often do you find your children saying 'Mom/Dad, let me have a few bucks!'
Many of us don't mind, or sometimes we are too busy at the time to put up an
argument. Regardless, this will cut into your savings potential, and delay you
from achieving your GOAL. Instead of just giving your children money, make
them earn it. Teach them the value of money and they will soon learn not to spend
their money haphazardly since it does not "grow on trees".
Stash Your Savings In A Special Place
Don't forget to do this! You wouldn't want to spend the money that you've
worked so hard to save. Designate a special container for your savings where
all the extra money can be put. As they say, 'Out of sight, out of mind', right?
Maybe even a specially designated bank account to take the risk of spending
out of the picture.
*NOTE*: Take extra special care in where you keep your container, and who
you tell about it. This is your personal goal, so there is no reason the whole
world has to know, right?
These are only a few money saving tips you can implement into your day
to day routines. Keep in mind though, these aren't your only possibilities to
help put some extra money in your pocket, but they are some of the easiest
to implement into your daily life. You can find many more FREE money saving tips
at this web address:
You'll find that when you set a goal that is important to you, saving money is
really not that hard. If it is important to you, then you will make the small
sacrifices to accomplish that goal.
Best of luck in attaining your New Year's Money Saving Goal!
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Submitted by: Gregory Thomas *
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