Let’s face it. Times are tough and money is hard to come by. The money you do have is probably not enough. You used to having more and spending more, but that just is not possible anymore. Sometimes it is hard to resist the temptation to go shopping whenever you want, and end up broke the next day from spending money that you know you shouldn’t. The ideas listed below are great money savers and can help break those money spending habits that will only come back to haunt you.
- Piggybank- This may sound like an idea for a little kid, but the concept is great. Save every penny you get. It all adds up. When you get home from work or from going out, empty your pockets of spare change. Put it in your “piggy bank”. Save it for an emergency or a rainy day!
- Carry Only What You Need- Having too much money at a time is what makes us spend more than necessary. This creates the want to spend more and more. Calculate the amount you will need before hand and no more than that, or you may spend more than you would like. Carrying only a little at a time makes it impossible to buy everything in site.
- Divide What You Have- You know basically how much your bills are every month, so go ahead and take out what you can and set it aside for those bills. This helps to already have the money to pay the bills and not be even further in the hole. You won’t have to scramble for every penny in the sofa, either.
- Savings Account- Once again, this may seem like something for a kid, but the truth is that many people use savings accounts. Stash about 10-20% of your paycheck and leave it in the account until you really need it. If you lose your job, this will be a lifesaver! You don’t need to spend your entire paycheck. Save it for when you may really need it.
Hopefully, these ideas are a way to help you money instead of spending it. The key to getting out of debt is to save what you can, and not to spend more than you can afford. The hole may be big, but it is nothing that you cannot dig yourself out of with a little discipline and hard work.