How to spend money wisely

1. How toSpend money wisely • Learn how to spend money wisely. Follow our blog to read simple tips to curb your spending and track your spending and income to get an accurate picture of your financial situation.

2. How toSpend money wisely • 1. Don’t spend more money than you have. • 2. Stick to your grocery lists – compile them based on an itemized overview of your household needs and never stray too far from it. • 3. In a similar vein, never go grocery shopping hungry!

3. How toSpend money wisely • 4. Keep your receipts, or write your own – at the end of each day, list your expenditures. At the end of the month, group those expenditures to create a simple overview of where you’re spending too much or even too little. • 5. Pack a brown bag lunch each day. Save hundreds, or even thousands, of dollars each year. • 6. Develop a distaste for Starbucks.

4. How toSpend money wisely • 7. Talk yourself out of purchases. Ask yourself, do I need this? Think of various ways you can avoid a purchase that seems necessary through innovative MacGyvering. • 8. You don’t need the $100 shirt from the pricey store when there’s a $10 equivalent at the thrift store. You don’t need a room-sized plasma TV when your old CRT still works. • 9. Remind yourself frequently of your financial goals, especially when you’re at the mall: paying off a big debt, retiring early, the Macbook Air. Remind yourself that by living frugally, you’re at least in some small way helping the environment.

5. How toSpend money wisely • 10. Use cash. Take money out of your account and use real cash from a real wallet to pay for your daily expenses. When you run out of bills, you run out of money to spend. • 11. Use credit. Run your finances on credit cards so that you don’t lose big money over the course of the year in spare change spent on coke and McDonalds. Always repay within 48 hours. • 12. Never watch commercials. Get a PVR.

6. How toSpend money wisely • 15. Use spreadsheets instead of expensive apps like Quicken – use Google Docs for spreadsheets and you can even save on overpriced office software. • 16. Use every last scrap of every last thing you purchase. Don’t waste anything. Don’t leave taps running, don’t throw out the quarter of a plate of dinner you didn’t eat.

7. How toSpend money wisely • 13. Sleep on your purchases. Give yourself a night to consider and rationalize before buying a new toy, and if you rationally decide you need it, you can go back and get it. Mac users may need to take longer – much longer. • 14. Review your budget and spreadsheets regularly. Keep your financial situation constantly fresh in your mind. This helps to curb your desire to spend, spend, spend, ensures you know how much you actually have to spend if you need to, and motivates you to pay off debt and save more.

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