9 Tips to Save Money - Personal Finance Basics

There are plenty of simple tips to save money whenmoney is tight, but it just might be the most critical
dealing with personal finance basics. Some are slightlystep to take. According to the book 'The Wealthy
more time consuming than others but despite thatBarber' you should save ten per cent of your
fact it is completely worth what time it might take. Ifpaycheck every month. That may not sound like
you only follow one or two of the following tips youmuch but it will add up rather quickly and if wisely
could save hundreds of dollars each year.invested it will assist your retirement down the road.
REQUEST FREE SAMPLES:SAVE YOUR CHANGE:
There are plenty of websites that offer freeThis may sound a little silly but this little tip is a great
samples for every day products. Even the hugeone. How? Because in some way's it's like found cash.
stores such as K-Mart or Petsmart have greatAfter you come home from the store put any loose
opportunities for everyday people to get free items.change into a jar. Each month or every couple of
These items range from skin moisturizers andmonths count up the change, roll it up and deposit it
shampoos to frozen food or bathroom products.into your bank account or reward yourself to a well
Another option is to visit a manufacturer's website todeserved evening out. These are the personal
find those free samples on brand new items. If youfinance basics you learned when you were very
need something, type 'free sample' into Googleyoung.
before you go to the store to purchase it. This is theBUY IN BULK:
beginning of mastering personal finance basics.We've already touched on shopping but I have
CHANGE CREDIT CARD SPENDING AND HABITS:another shopping tip that mostly applies to buying
Credit cards can be wonderful but can be dangerous.grocery's. Buy in bulk. If you drink a lot of fruit juice
With high interest rates and monthly fees, creditand you see that it is on sale at half price, buy four
cards may wind up costing you a lot more in therather than two or purchase the 24 pack of water
future than you expected.instead of the smaller 12 pack. This may seem easy
My rules of thumb:but plenty of people do not make bulk buys on
- always use cash unless its for a major purchaseevery day products.
- be certain you are able to pay for the item beforeCLIP COUPONS:
you use a credit cardI know this might make you feel like your grand
- be sure you can pay the balance of your creditparent but this is another great way to save plenty
cardof cash. It only takes a few minutes every week
AVOID IMPULSE BUYS:and you can end up saving hundreds of dollars each
Everyone has had to push a shopping cart throughyear on items you were already going to buy. Go
the aisles of the grocery store and the moment wethrough your local newspaper or check online for
get to the check out we have double the amountsome amazing coupons.
we planned to get. Always, always, always create aRECYCLE PLASTIC BAGS:
shopping list, follow it and never purchase anythingThis is a wonderful way to 'Go Green' and it will save
that's not on that list. This should include any type ofyou money too! Lots of stores are now making you
shopping like wardrobe, food or entertainment. Retailpay as much as 10 cents for plastic bags. Chances
outlets are mapped out specifically for impulse buysare you have about 1,000 hidden away in your
with candy racks and gum within easy reach. Makeclosest already. Couldn't you just bring them to the
your list, check it twice, and follow it.store and use them again? Another way to recycle
SHOP THE SALE RACK:and save money is to use those plastic bags from
This is another personal finance basics rule but don'tthe store in your garbage under your kitchen sink or
confuse this with an impulse buy. You have your listin the bathroom. You don't have to spend $5 each
and know what you need, so check the sale displaymonth on a box of kitchen garbage bags when you
before you shop. Chances are you will locate thatalready have them at home.
said item on sale and pay half the usual price. FoodThese easy tips will save you lots of money and
stores operate the same way. They usually overthey are simple and might even be fun. It's always
order products and are forced to run unadvertisedrewarding to know that you have started to take
specials on overstock items. Just make sure the itemthe first steps to becoming free from debt. By
is on your list.carefully following these tips to save money you are
SAVE YOUR HARD EARNED MONEY:one your way to understanding the personal finance
This may be the hardest thing you have to do whenbasics all of us should know.