Most families spend about 10% more than they make each year. And
unfortunately, many of those families are experiencing some degree of
financial problems. Your first line of defense against financial
troubles is to reduce your expenses. If you are having a difficult time
making ends meet, try these tactics below to free up some money from the
family budget.
Start out by leaving your credit cards at home. Use them only for emergencies. (And no, needing a new purse is not considered an emergency.) This one tactic can reduce expenses considerably.
How often to you go to restaurants for either lunch or dinner? According to the Consumer Expenditure Survey from the U.S. Bureau of Labor Statistics, families spend over $2400 per year on food away from home. Much of this is spent for lunches while working or at school. You can save a large chunk of this by packing a lunch every day. Would it help you to have an additional $200 per month? This one technique can put that much in your pocket!
Check the interest rate that you are paying on your mortgage. This is an area that most people overlook. As a rough rule of thumb, if current rates are more than 1% below your existing rate, you might benefit by refinancing your mortgage. This could put an additional $100 to $300 in your hands each month.
How about groceries? There are several areas where you can save here. Never go shopping without a list and stick to your list religiously. Buy store brands and generics as opposed to the name brands. Use coupons! Stay away from the convenience and prepared foods. You will almost always save money by making it yourself from scratch. Give up soda and bottled water, tap water is still safe to drink in most places. These grocery strategies can easily save you an additional $100 per month.
You see, that wasn't so hard. In just five short paragraphs, I've saved you $500! Just imagine how much I could save you in a full length book!
Are you stressed because of your financial situation? Slash Expenses and get your financial life back in order. Check out my newest ebook for the details on how to slash expenses and put money in your pocket!
Start out by leaving your credit cards at home. Use them only for emergencies. (And no, needing a new purse is not considered an emergency.) This one tactic can reduce expenses considerably.
How often to you go to restaurants for either lunch or dinner? According to the Consumer Expenditure Survey from the U.S. Bureau of Labor Statistics, families spend over $2400 per year on food away from home. Much of this is spent for lunches while working or at school. You can save a large chunk of this by packing a lunch every day. Would it help you to have an additional $200 per month? This one technique can put that much in your pocket!
Check the interest rate that you are paying on your mortgage. This is an area that most people overlook. As a rough rule of thumb, if current rates are more than 1% below your existing rate, you might benefit by refinancing your mortgage. This could put an additional $100 to $300 in your hands each month.
How about groceries? There are several areas where you can save here. Never go shopping without a list and stick to your list religiously. Buy store brands and generics as opposed to the name brands. Use coupons! Stay away from the convenience and prepared foods. You will almost always save money by making it yourself from scratch. Give up soda and bottled water, tap water is still safe to drink in most places. These grocery strategies can easily save you an additional $100 per month.
You see, that wasn't so hard. In just five short paragraphs, I've saved you $500! Just imagine how much I could save you in a full length book!
Are you stressed because of your financial situation? Slash Expenses and get your financial life back in order. Check out my newest ebook for the details on how to slash expenses and put money in your pocket!
Slash Expenses!
Put Money In Your Pocket.
Get Your Financial Life Back [http://www.Reduce-Your-Debt.net]!
Make Money Every Day!
Free Ebook - Easy Techniques!
Learn How To Make Money!
Put Money In Your Pocket.
Get Your Financial Life Back [http://www.Reduce-Your-Debt.net]!
Make Money Every Day!
Free Ebook - Easy Techniques!
Learn How To Make Money!
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