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Saturday, February 28, 2009

Easy Tips To Save Money In This Economy

By Warren Buffers

Money is an important part of everyone's life, unfortunately some individuals are careless with their money and end up going through difficult times because of it. That being said, there are also many people that have been relatively responsible with their money but are seeing their value and net worth deteriorate to zero.

We are now in an economic time that hasn't been seen since the Great Depression. How much money you spend today may not be the same amount of money you have available to spend tomorrow. With corporate cutbacks, and job layoffs, for many it is a smart idea to learn how to save money now and live on less.

The upside is there are some things that you can do in your day-to-day lifestyle that should not be too hard to adjust. But at the end of the day if you just start with simple things, and gradually increase your savings you should be just fine. Changing your habits just a bit can easily allow any individual to save a few hundred dollars each month. Let's take a look at some things you can do right away.

Use coupons and club savers cards when grocery shopping. Using coupons when shopping can save a person several dollars every time they shop. If a person shops once or twice a week, they could save a good deal of cash. Do not lose sight of rebates. Companies like to offer rebates because you need to take action and send in to get the money back. They are hoping that you forget, essentially paying full price.

Cut back on daily habits. Some people smoke a pack of cigarettes everyday. Other people drink a $2 cup of coffee everyday. Cutting or eliminating those bad habits can save a good amount of money each week.

Some of those things you should cut out because they're just not good for you. But there are ways that you can still enjoy some of those luxuries that are not bad for you. Don't buy coffee at the coffee shop, brooding yourself and save big money. By making that one change, you can save $1.50.

Leave your car in the garage. Carpooling is one of those ways. Yes it is true that gas prices are currently low but why wait to change only when gas prices go up? Even though gas prices are low it is probably not going to last for ever. If mass transit is available consider using it. You may even want to consider using a bicycle for money-saving and better health.

Now is the time to learn how to do things yourself. Wash your own car, change your own oil, mold your own lawn, and clean your own pool. Even if you were to do every other one, basically you would cut that cost in half. Follow a few of the above tips will easily give you the chance to save a few hundred dollars extra each month.

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