Follow Sam
Simple, Easy, Free, How To Do It Articles
Surfer Sam Online + A Little Magazine
  Welcome, we're glad you're here. Life's a beach!
  HOME FUNNY PICTURES FUNNY STORIES FUNNY JOKES SELF LIFE SPORTS ECARDS GAMES HOROSCOPE
  WEB DESIGN ARTICLES BUSINESS HEALTH TRAVEL INVESTING COLLEGE BIOGRAPHY TECH FOOD MONEY

How to Save Money Every Month
Your Personal Financial Plan to Get Rich


To become a person who saves money every month first consider what money means to you. What is your money personality? Are you the Worrier, the Avoider, the Hoarder, or the Spender? What need does money fill in your life? You can change and adapt your money personality so that you are able to save money every month and live in security. First, acknowledge your money style and what money means to you. Then consciously try to enlarge your outlook by creating a budget, financial goals and self-motivation.

Here are ten basic ways to save money every month.
  1. To Save Money Every Month Live Within Your Means
  2. To Save Money Every Month Get Your Partner On the Team
  3. To Save Money Every Month Plan Your Purchases
  4. To Save Money Every Month Avoid Credit Cards
  5. To Save Money Buy A Used Car
  6. Save Money on Life Insurance
  7. To Save Money Every Month Find a Second Income
  8. To Save Money Every Month Open a Savings Account
  9. To Save Money Every Month Pay Yourself First
  10. To Save Money Every Month Set Up a Budget
  11. To Save Money Every Month Find Inexpensive Amusements
  12. Don't Give Up On Yourself
  13. Begin Now to Save Money Every Month


how to save money every monthTo Save Money Every Month Live Within Your Means


You can save money every month by living within your means. Whatever your income is, do not spend more than you bring home every week. You know people who drive a car they cannot afford, and wear clothes they cannot afford, to boost their ego or to appear more successful. Many frugal people can grow wealthy by living beneath their means, and add to their savings every month. Do not finance your lifestyle with debt.

how to save money every monthTo Save Money Every Month Get Your Partner On the Team


It's easier to save money every month if your partner is also helping. Discuss your money matters with your partner. Get yourselves on the same page for financial planning and saving money. Make decisions as equals. A budget is more likely to be a success when both parties talk it out and arrange it together. When you work as a team, neither person wants to sabotage the budget and undermine their joint decisions.

how to save money every monthTo Save Money Every Month Plan Your Purchases


It helps to save month if you plan and discuss purchases, both personal and household purchases, in advance. Donít make major purchases on impulse. Put the decision to buy on the back burner for a few days, until you are sure you have a practical need for the item.

how to save money every monthTo Save Money Every Month Avoid Credit Cards


Avoid the lure of credit cards if you want to save money every month. If you donít pay off the credit card balance every month, the issuing bank charges you interest. If the bank doesnít receive your monthly payment on time, you will also be charged a late fee of $30 to $60. If you are late with a few payments, the bank will raise the interest rate you pay, to 20% to 35% of the unpaid balance. For most of us, the plastic credit just feeds the temptation to buy more than we can pay for. Buying on credit undermines your savings plan.

how to save money every monthTo Save Money Buy A Used Car


Buy a used car if you want to save money every month. A used car is generally a better value than a new car. When you buy a late-model used car, the previous owner has absorbed the steepest portion of the carís depreciation cycle. In its first three years, the new car depreciates by as much as 38% to 73% of its purchase price. Do you want to throw away that kind of money? For a used car, license fees and auto insurance premiums are much lower, and the late model used car may still be under its original warranty. Best of all, if you buy a lower priced used car, you may be able to pay cash up front for it and thus avoid the high finance charges of borrowed money.

how to save money every monthSave Money on Life Insurance


If you are single you do not need life insurance. And if you and your partner are both working and you do not have young children, you do not need life insurance, no matter what the insurance agent tells you. However, to provide for the partner and children in the event of the death of the primary earner, you need life insurance.

Life insurance is a poor tool for investment or cash savings. But ďterm life insurance,Ē which does not pay except in the event of death, has lower premiums and will provide security for your family. As you grow older, the premiums on term insurance increase. Ten years from now, if you are not in good health, you may not be able to renew your term insurance. Therefore, you should choose a term insurance policy that allows you the option to convert to ďpermanent insuranceĒ when it expires.

how to save money every monthTo Save Money Every Month Find a Second Income


Job security is not a given in the new economy. To protect yourself against unemployment, create a second source of income for yourself. The extra income can be saved every month. You may find this income opportunity by moonlighting at a second job, setting up a home-based business, selling at swap meets, consulting, selling at Internet auctions, catering, servicing autos, babysitting or owning rental property. Keep your eyes and ears open for self-employment opportunities.

how to save money every monthTo Save Money Every Month Open a Savings Account


To save money every month open a savings account and start saving now. You should save enough to cover your expenses for six months, before you consider other riskier investments. The bank interest rates on short-term Certificates of Deposit are low, but your savings are guaranteed by the Federal Deposit Insurance Corporation. Money market funds, as offered by major institutions like Vanguard, Fidelity and T. Rowe Price, pay a better rate of return than banks, but your savings are not guaranteed by the government. Note that money market funds are NOT stock mutual funds

how to save money every monthTo Save Money Every Month Pay Yourself First


Save money every month when you receive your paycheck, by putting 20% of it into your savings, if you can possibly do so. Make the rest of the money last you until the next payday. Have a goal when you save money, like a new home, a college education, getting out of debt, a career change, travel, family care, retirement, a major home improvement.

how to save money every monthTo Save Money Every Month Set Up a Budget


To save money every month, budget for your expenses. Keep track of what you spend daily on coffee, snacks, fast food and impulse buys. When you control those little purchases, youíll be amazed at how much money you save. Another big leak in your budget is the amount you spend eating out and buying gifts. Homemade meals do taste better than fast food. Eating out should be considered a treat, not a way of life. You may want to set yourself an allowance for personal spending. Some people divide their cash into envelopes for all the spending categories, like rent, groceries, insurance, gifts, etc., and stick to these limits.

how to save money every monthTo Save Money Every Month Find Inexpensive Amusements


To save money find inexpensive amusements. Letís face it; being on a budget is no fun. To avoid getting discouraged, you need to make your own fun, so that youíre not drawn back into the buy and spend cycle. Save the money you usually spend on entertainment. Be creative and plan activities that donít involve big bucks. You can plan family game night with homemade snacks, movie night around the DVD player, a picnic in the park or a potluck dinner with friends. The library offers books and videos at no charge. Family crafting skills can replace items that you used to purchase. Many museums and other venues wave their admission charge on one day of the week. Trading services with other families can also save money on baby-sitting, lawn care, home repairs and gently used clothing.

how to save money every monthDon't Give Up On Yourself


Perseverence is the secret to financial success. If you fall off the horse, if you forgo your careful budget for an impulsive and unnecessary purchase, donít feel that all is lost. Recognize that you are a creature of habits, and changing money habits takes time. Then just get yourself back up on your budget and give that horse another ride.

how to save money every monthBegin Now to Save Money Every Month


The skills for saving money every month and building financial security begin with discipline and necessity. Many people have their backs to the wall before they are willing to change their perception and handling of money. I hope you will take this advice to heart, save money every month for the future, learn to survive difficult financial times, cope with challenges and emergencies, and realize financial success in your life.


It is my heartfelt wish that you have a very happy day.

Return to the complete index of new blogs.

Thanks for sharing!
You make good things happen.
Free and Easy
How To Do It Articles - Health, Money,
Success, Investing, Business, Happiness,Technology, Music, Books, Biography,Celebrities




  FRONT PAGE FUNNY PICTURES FUNNY STORIES FUNNY JOKES Q & A
QUOTES VIDEOS MUSIC VIDEOS GUESTBOOK TAXES MILLION $ BLOGS