When I talk to people about saving money I almost always get the same response, “I can’t save money now. I’m living paycheck to paycheck and making minimum payments on everything just to keep the bills paid.”
Are you living paycheck to paycheck and missing out on the opportunity to make your money work for you? Learn to save money without sacrificing!
First, you need to know how much you’re spending and where it’s going. Track all of your spending for the past three months. Go over each item to see where it can possibly be cut.
Go over all of your grocery receipts you can find from one paycheck to the next. How much was spent on impulse shopping? There’s a reason all the candy and magazines are sold close to the checkout.
Once upon a time, children played outside until the street lights came on. Parents talked to the neighbors while the children played. Bring back the good ol’ days of community and invite neighbors over to play cards or table games.
Don’t think the problem of impulse shopping is solved by carrying a debit card that’s limited to what you’ve got in the account. It’s too easy to whip out the card and drain your account anytime you go out shopping.