Downsize Wherever You Can And You Ll Be Surprised How Much You Can Save

Category: Finance.

There are a lot of ways for you to save money, but many people do not have time to sit there and come up with them.

People often mistake wants for needs and this is where they end up spending a lot more money than they need to every month. One of the easiest ways for you to save money is to learn to differentiate between what you want and what you need. You might think that you need a 20 ounce soda on the way home from work at the gas station, but would you thirst to death if you waited until you got home? In general, avoid purchasing food and other items at gas stations. That is a want, unless you have, not a need a medical reason for needing to get something to drink. They are called" convenience stores" for a reason.

Before you go to make any kind of purchase, you should ask yourself whether it is something that you can do without. You are paying a higher price for them being in a" one stop shop" type of location. Try things out before you buy them, especially expensive items. Practice a new hobby before purchasing a lot of equipment for it that you may end up never using. If you think you would like to have a motorcycle, find someone you know who already has one and determine whether you can actually ride one and if it is comfortable for you before you go and spend thousands of dollars on one. You should also learn that most of the time, spending less money will get you almost the same level of quality in many areas of life. Yes?

Have you ever paid$ 70 for a blouse or a pair of pants? A$ 20 or$ 30 pair is probably just as good and significantly cheaper. Or even worse, do you really need to go out and buy baby clothes at Gap or Old Navy when the child is going to grow out of them in a month or two? What about a$ 200 pair of shoes? Less is more. Something else to consider is whether you have too much home for your current situation. Let family members buy expensive clothes for Junior and do your baby clothes shopping at Goodwill.

Why should a single person be renting or owning a home that has 3 bedrooms if they live alone? Move out or get someone to rent out those extra rooms and you ll save a lot. Probably not. Downsize wherever you can and you ll be surprised how much you can save. Cars, homes, dealerships, electronics. shop around first and try to get a better deal. You should also not underestimate the amount you can save by shopping around for whatever it is you re shopping for.