Sunday, November 23, 2008

3 Money Saving Tips

With everyone worried about a global economic slowdown, and consumers facing lower disposable income, saving money will be key to helping people get through these tough times. Here are 3 tips that you can save money. Feel free to comment and share with others your tips on saving money.

1- Stick to the shopping list. Before you go to the supermarket, make a thorough list of everything you need. Then when you are shopping, only buy what's on the list. The items on sale that are calling out to you to buy them need to be avoided if you don't need them now. Even if you think you will have a use for the item in a couple of months, forget about it. It's a question of current cash flow. You can't spend what you don't have.

2- Leave the car at home. Even though gas prices have dropped dramatically over the last 4 months, if you are able to cut out one tank refill a month you will have a big savings. Instead of taking the car to the neighborhood grocery or even to work, try walking. Not only will you be physically fit but you will be fiscally fit as well.

3- At restaurant drink water. If you treat your family to a dinner out at a restaurant, order water and forgo the pop or soda. A family of five can save about $10 on drinks just by ordering water.

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