Ten Money Saving Tips That Anyone Can Use

More and more individuals are becoming budget conscious everyday. If you want to join the club in gaining financial freedom by saving money then you might want to use some of these money saving tips.

1. Use Cash.  Forget about your credit cards and use cash instead. You will avoid  interest fees and it will help you fight temptations to making unnecessary purchases.
2. Compare prices. Price comparisons help you save when grocery shopping. Use the Internet to do your best comparison shopping. Sites like groceryguide.com and mygrocerydeals.com allow you to compare prices in grocery stores that you shop at, saving you both time and money.
3. Use coupons. If you add up the savings you get when using coupons, you may be surprised at how much difference they make. Check your local papers, magazines or surf the net for printable coupons. Remember to check the fine print for any special rules that may apply.
4. Trade In Unwanted Electronics. National retailers like Best Buy, Costco and Sears have trade in programs. Some will accept Apple Ipods, Apple laptops, mobile phones and PC laptops and let you have gift certificates to use for new purchases.
5. Research Your Insurance Coverage. Before buying insurance for you or your loved ones compare and analyze your risks in the insurance you are currently paying for. Do you have enough to cover you in case of catastrophe? Make sure you are well covered to protect you from exorbitant losses. Meet regularly with your insurance man to discuss your protection.
6. Pay Insurance Yearly. You can avoid paying monthly fees if you pay annually. Ever little bit of savings helps. Figure out how much you can save yourself by paying annually.
7. Use Online Alerts. Many companies have an automated email alert system that will notify you of sales coming up for the products you normally buy. You can subscribe to money saving newsletters. You will be notified about amazing deals and discounts through email. Travel package deals are sometimes only available through specials advertised through email.
8. Walk More Often. Are there places you can get to by walking instead of driving? If you make it a habit to get exercise by walking places you would normally drive, you end up doing two good things for yourself. Save money on your gas expenses and your gym expenses. Maybe you’ll be able to give up an expensive gym membership with your new exercise plan.
9. Avoid Impluse Buying.  Most retail prices are lowered to get you do buy things you weren’t planning on. So sometimes even though items are on sale, they may not be a good purchase for you. Impulse buying expensive items because they are on sale has risks that come along with it. Postponing purchases can give you extra time to make sure that you really want the item and that you can really afford it.
10. Keep Learning New Ways To Save. There are a lot of sites that have information about saving money. Read those often to keep yourself alert to new money saving tips.

Creative Ways To Use Eggshells

I had the privilege to watch Jeff Yeager’s video on creative ways to use eggshells, produced by Carolyn Presutti and edited by Bill Creed.  What caught my interest was how eggshells can be recycled for many different uses which can help you save money.  In this short video, he shows us how the use of eggshells can help you to be thrifty and help the environment.

Eggshell Tips

1. Throw your eggshells into the compost pile instead of the trashcan. According to him, these eggshells are calcium rich and are great for the soil, though it may take a couple of months before they actually decompose.
2. Put your hard or soft boiled eggshells along with the ground coffee on the brewer when making it, as it lessens the bitterness of the java and improves its taste.
3. Use the eggshells as biodegradable planters for seedlings as they effectively nurture the young plants, which is quite useful if you are into gardening.  Sprinkle pieces of eggshells around your flowers and plants as they repel deer and creepy crawly pests.
4. Crush the eggshell and mix it along your dish washing soap. The solution you create acts as an abrasive which is great for removing pot stains if you shake it with water and let it stand overnight.
5. Use eggshells as hydrogen fuels for the car.According to engineers at Ohio State University,  these eggshells are perfect for use as the fuel of tomorrow.

Jeff Yeager, author of “The Cheapskate Next Door” and “The Ultimate Cheapskate’s Road Map to True Riches,” is well known for helping people save money.  He has numerous videos online teaching people how to save “practically.” He even tours by bicycle throughout the Midwest, Pacific North West and up to the East Coast to promote environmentally friendly living among Americans.

Behavioral Finance Experts Share Tips

Are you one of the 50% of Americans that don’t expect your personal finances to improve in the next six months? According to a recent Harris Poll 30% of Americans feel that their finances will worsen. Fear of losing your job or losing money influences us tremendously.

Emotional Financial Decisions

There have been studies done by behavioral finance experts that say by nature we seem to look at our own situations as worse than they actually are. Is that true for you? One solution to this problem is to figure out how to conquer the emotions that stop you from making the best financial decisions you can.

Psychologists often use the phrase, “The emotional tail wags the rational dog.” The same is true for us in managing our personal finances. So what can you do to help yourself?

The first thing to do is to save money and save money early. A gentleman was discharged from the Army in 1958 with a check for $3,500. He got some advice from the head of research at Smith Barney about what to do with his money. He was advised to save it and invest it. He ended up investing the entire amount in IBM stock because he was familiar with the company. That stock is now worth over a quarter of a million dollars.

Why Is It Hard  To Save Money?

Richard Thaler, author of the bestselling book,”Nudge,” and professor at the University of Chicago, School of Business, says that the biggest problem Americans have is just not saving enough money. It is recommended that you save ten percent of your income, but many people fall far short of that. He says that people are not perfect. We all make mistakes. Figuring out how your emotions are getting in your way of saving will go a long ways in helping you get your finances back on track.

David Laibson, an economics professor at Harvard reports that the reason that people don’t save is primarily due to procrastination. They don’t want to fill out the paperwork that would make automatic payments into a savings plan. They decide that they’ll do it next week. It’s very similar to putting off a diet. It’s much easier to start on Monday. Do something about putting a savings plan in place. Use a strategy like saving ten percent of your income and put it on auto pilot.

Can you imagine how it would feel to have done this consistently throughout your life time? Warren Buffet, the third richest person in the world, worth $47 billion dollars, keeps $20 billion dollars in cash on hand. It helps him sleep at night.

Steps You Can Take Now

Your area of focus should be on building an emergency fund that will carry you through three to six months of unemployment. Try to eliminate big money expenses that may be unnecessary. Start networking with others before you lose your job. Find organizations to join where you can network at least once a week. Seventy-three percent of six-figure earners landed their current positions through personal contacts.

Get your finances back on track by saving on a regular basis, making good financial decisions without undue emotional factors and do yourself a favor by networking with others like-minded business people on a regular basis.

Smashing Barriers To Saving Money

Saving money is not easy when you don’t have enough money coming in every month to cover your bills, so you might need to look at ways to increase your income. There are many ways that you can increase your income. Years ago, it may have been harder.

Increase Your Income

The Internet has opened up many opportunities for people to make money.  You can put items for sale quickly and easily on Craigslist or eBay and get rid of some of those items that are just taking up space. That should bring in some money, but eventually you will end up with nothing else to sell.

You can also offer your expertise to others through websites that will connect you with people looking for one time job offers. Perhaps you can write and get paid for doing that. Places like O’desk.com and Scriptlance. com would be a great place to start. You can bid on jobs that fit your area of expertise. They commonly have jobs for writers, programmers, web designers, graphic designers and a large variety of other services.  You can also tap into Craigslist and hunt for jobs there.

Set a Savings Goal

Assuming that you are diligent in your hunt for extra income and follow through with the difficult task of actually increasing your income, the next step for you is to set a goal for your savings. It’s a lot more fun to make sacrifices if you can picture in your mind being able to reach these goals.

For example, your goal might be to get rid of your credit card debt.  Picture how it feels to not worry about those monthly payments. Picture how it would feel if you took that same amount of money you were paying every month and saved it for a nice vacation. What is your dream destination?

Put pictures of the places you want to go to in your home office, on your refrigerator. Put them anywhere that you will see them every day.  Next time you are tempted to use your credit card, just remember the pictures of your vacation spot. This can help you remember why you are doing without or not using your credit card. People tend to willingly go without a lot of things in order to reach a goal that is really worthwhile to them. Set a goal that is worthwhile to you.

Imagine Achieving Your Savings Goal

The secret to saving money is to be able to picture how life will be when you reach the goals you have set. So often when we feel bad or when we suffer a loss of self esteem, we naturally look for ways to make ourselves feel better. That is a natural and good response.

Plan to do things that will make you feel better.  Make sure they will not cost you much money or cause you to gain weight.  There are a lot of activities that you can do to feel better at no cost.  Listed below are some suggested activities that cost nothing and feel good.

• Go for a walk in a popular park. Getting outside and seeing other people is self assuring and helps you connect to other people.

• Can you smile at anyone? Smiling brings internal pleasure as well as bringing happiness to someone else. Remember what happens to you when you see a baby smile at you. You feel joy at no cost.

• Exercise in any fashion that you enjoy.  Get moving and see if that doesn’t help your outlook on life.

• Talk to someone you haven’t talked to in years. Connecting with people can make you feel good.

• Check your local newspaper and see if there are any events you can attend that interest you and don’t cost anything to attend.

• Pet a dog or cat. Pets can bring smiles to your face quickly.

Whatever method you choose to do to make you feel better is fine as long as it is low cost and low calorie.

Save money easily by having sufficient income and by setting your savings goal to be something worthwhile to you.  You can make saving money so much easier on yourself. Start today by setting your savings goal and begin to dream again.

5 Ways to Easily Save Money

Why is saving money now more important than ever?

Take a look around you folks.  It’s no secret that the US economy as well as other global economies have been a state of unpredictability for a year or more.  The 4^th quarter stock market crash of 2008 is more than evidence of that.  Not to mention the fact that the auto and finance industries have been in trouble as well as the real estate markets and various retailers.  As a result, more and more people are focusing on creating and developing their personal budgets, and trying to save money so known and unknown expenses are covered.

It doesn’t take a rocket scientist to figure out the importance of creating and maintaining a personal or family budget since this is such an invaluable financial tool.  Not creating a personal budget is like that old adage about “failing to plan means that you are planning to fail.”  And that is basically what you are doing.  You have no control over your money, your finances will most likely end up in disarray, and you will never be able to get ahead financially.  The bottom line is that you should not be spending more money than what you actually have.

Five Ways to Easily Save Money

There are many ways that you can effectively budget just as there are a number of ways that you can save money for future purchases or unknown expenses.  Additionally, this will relieve the stress that occurs when you are struggling to make ends meet and pay your bills.  Here are 5 tips you should consider for saving money:

Tip #1:  Create and develop a personal budget

This is pretty much a no-brainer, but you would be amazed if you knew that people were surviving by the skin of their teeth without employing this invaluable financial tool. If you haven’t created a budget in the past, be sure to start one now. When you budget, make allowances for a saving category and save that much money each and every month.

Tip #2:  Get better at recycling, repairing, and re-using household items

This is part of the “Going Green” mentality, but it still makes a lot of sense.  In addition to this, you should consider using alternative energy sources and purchasing only those consumer goods that are manufactured from either recycled goods or sustainable resources.

Tip #3:  Cutting food waste will cut spending

What is the point in purchasing more meats or fresh vegetables than you can possibly consume at one sitting? More importantly, how much sense does it make to let leftovers go to waste and then get thrown in the garbage?

Tip #4:  You can still maintain a normal lifestyle inside or outside of the home by shopping sensibly

You don’t need to spend a fortune to dress and look good, nor do you need to spend a lot of money on food if you just pay attention to discounts and sales as well as not being a name brand junkie.

Tip #5:  Automated Payroll Deductions

Some companies will allow you to send part of your paycheck to a savings account. You just tell them how much you want to send from each paycheck and they will transfer it. This automated process makes saving money much easier.

Tips to Saving Money on Your Vacation at Disneyland

Considered as the “Happiest Place on Earth,” Disneyland is a child’s utopia. For adults, planning a trip to Disneyland or even to other amusement parks can be a nightmare. Following these tips will hopefully bring the fun back into visiting these places.

Avoid the front gates – Although naturally, these would be the places parents turn to for purchasing tickets, it is possibly the least cost effective. The regular amount is multiplied depending on the number of people you are with. With the Disneyland Resort, there are multiple theme parks, at least two located in California alone. For each of the Disneyland resorts, a separate admission fee is required unless a Park Hopper Pass is purchased.

Park Hopper Pass – This pass allows the user to visit both Disneyland parks in California. These passes are valid between one to five days. Similar to the idea of annual passes, the prices becoming cheaper as the longer days are purchased. Try purchasing these on ebay to save money.

Buy online – Disney offers discounts for tickets purchased online in advance. These can be directly printed or sent through mail.

Annual Pass – Amusement parks usually offer these passes to encourage visitors to come more often. For residents living near Disneyland, this is the most cost effective if utilized more than five times during the entire year.

Package Deals – Intended to entice more tourists, some hotels within the vicinity of amusement parks or other tourist attractions offer a discount on admission tickets if staying with hotel. Disneyland has three seasons: Value Season, Regular and the Peak Season. It is most advised to book during the Value or off peak seasons as these will give the visitors the most discounts.  Special Adults Price For some years during the months of January up until early spring, adults can avail of the same admission prices in Disney as kids do.

Discount Passes for Residents in California – Disney offers special discounts specifically for residents in South California, teachers who are members from various state unions, university students, some employees, retired individuals as well some car organizations in the state.

Birthday Passes Started in 2009 – Disneyland has offered a special discount for birthday celebrants. To avail of this discount, inform the park in advance and claim at the front gate with a valid ID for verification. Unfortunately, this pass is only given to the celebrant and valid only for that day.   Military Passes For soldiers in the military, whether in active duty, National Guard, Reserve, DOD or retired, Disneyland also offers special discounts depending on the time of the year. This requires presenting their military ID at the gate.

Travel Agency Discount – ARES, a travel agency of good reputation offers discounted tickets on its website which can be purchased and used for admission into Disneyland. Do research and inquire about other local travel agencies on whether they offer discounts on other amusement parks or tourist spots.

Foreigner discount – Residents from the United Kingdom can avail of discounts from Theme Park Direct. UK residents intending to purchase must take caution and compare conversion rates before buying.

Being aware of these options will hopefully make planning the trip to Disneyland a less stressful and burdensome task.

5 Reasons Why We Fail To Save Money

Money makes the world go round. That is something we all have to admit. We often try to save money but once spring sales or holiday sales kick in, we blow all our savings by breaking the bank.

It sure is hard to save money especially if you see something on sale and sometimes when we window shop. We also have a tendency to buy  things. Most of the things that we buy are not necessarily what we need but we buy them because they’re just too pretty to be sitting there at the shop.

Apart from binge spending what else stops us from saving money? Here are a few things why we fail to save enough money:

1. Just Not Having Enough

This is the most common reason for many people but not having enough money to save is not the real issue. We usually do not have enough because we spend too much money. Growing savings in the bank requires us not to spend and that on its own is a rather difficult task. One thing all of us should remember though is –it is doable.

2. Not Starting Early

Saving money should be part of a person’s values even at an early age because the earlier we all start saving, the more money is saved in our bank accounts. Children should learn how to save money at an early age so they can be educated about finances. Financial literacy is sadly not taught in schools even if it is vital for day to day activities. If you have children teach them how to save so they won’t have to go through what most people are going through –not having enough most of the time.

3. Not Prioritizing

After getting our paychecks, we usually spend on a few things that we don’t actually need. Prioritizing what needs to be paid first would definitely stop us from spending on unnecessary things. Prioritizing would also keep the bills from piling up. This is something that most of us want to escape from –paying three or even five months worth of telephone bills or cable bills. Something that should have been affordable in the first place turn into big amounts just because we do not know how to prioritize.

4. Not Budgeting

Not doing our monthly budget is one culprit of overspending which leads us to not saving a dime. Budgeting will lay down all the things that are needed to be paid and what are needed to be purchased. By budgeting you sometimes come to the realization that there were quite a few things bought last month or last payday that aren’t actually needed.

5. Not Paying Up

A person who has a lot of debt and is not keeping current with their payments gets more interest fees and owes more than they did. Having to pay on credit cards for a very long time makes saving money barely possible. Put an end to this vicious cycle by making payment arrangements with creditors.

Frugal Tips For Saving Money

Saving money isn’t that hard when you take a frugal approach to it. I know that the words “saving” and “frugal” don’t bring the happiest thoughts to your mind. And that is the number one reason you aren’t able to save any money. You have the wrong attitude. It is surprising how easy it is to change your attitude. When you succeed at saving money, you are helping yourself. Keep you goals at the top of your priorities. When you have a budget and live frugally, you don’t have less, you have more. It is all about having more money. Not less.

I know that personally, my biggest challenge is wanting more. It is something that is hard to fight. We are saturated by advertising. We see new and more expensive things all around us. Many of us struggle with issues surrounding shopping and acquiring. I have the fear of being without something I need, so I buy everything I might use someday. I have to constantly remind myself that if I don’t buy it now, I will have the money to buy it later. It is in the attitude. You can change it.

One of the easiest ways to start saving is to cut down how much you have to buy. You can stretch things out a bit. Use less cleaning supplies and soaps by diluting them with water. Save scraps and reuse old clothing as rags. Look at the uses of things that might be considered trash. If you can avoid a shopping trip by reusing something once, you are saving.

I have found that being frugal has a great side effect. You can lose weight. Start by only drinking water and milk. Cut out the sodas. Save juice for breakfast. Don’t make the sugary drinks. None of it is good for you anyway. Drink water. Cut the calories and feel healthier.

You can also cut out a lot of money, and calories, by only buying healthy foods. These are often cheaper than the prepackaged convenience foods. Instead of frozen pizza treats, have a salad or turkey sandwich. Eat fresh veggies and fruits instead of chips. Shop on sale. Don’t eat as much each meal so that it goes further for your family.

If you have the money to stockpile on sales items that you will use, then by all means, shop up. Buy enough to last you until the next sale. But don’t get carried away. Only buy items that you will absolutely use. Canned and frozen veggies, flour, sugar, tomato sauce — look for the items that are staples of your diet. In fact, if you can only buy sale items when you shop, you’ll be doing pretty good.

When you stock up your pantry and have plenty to eat, it is easy to focus on other matters. You don’t have to worry about finding the money for food. The food is already there. When you can make something yourself, make it. You can often save money by simply putting a little time into it. And it is often quite satisfying.

And my number one way to save money — pay off those debts. Take every penny you are saving and put it towards getting rid of that debt and building an emergency fund. Don’t buy things you can’t afford and don’t need. Ask yourself what is more important to you — having some item or living a stress-free financial life? Having the money you need when you need it is more important than having some gadget sitting around collecting dust.

Martin Lukac represents RateTake Refinance Rates marketplace. RateTake matches consumers with multiple lenders offering low rates. Got too much credit debt? Get Debt Help and you’d be surprised what we can do together.

Article Source: by Martin Lukack

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