Are you looking for some motivation to live frugally? Here is a quick look at why living beneath your means is essential.
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If you are like many Americans, you are struggling to get a handle on your monthly expenses. Many of you might even be living paycheck to paycheck. I’ve talked before about if you want to become wealthy, you need to focus on both sides of the wealth equation. Today, I am going to focus on the savings side of this equation. More specifically, I am going to talk about how to cut monthly expenses from your budget so that you can save a ton of money each month.
Most millionaires these days are self-made millionaires who didn't inherit any wealth from their parents, so how did they do it? Well, they did it like anyone of would; they set their goals, worked hard, got multiple sources of income and of course, saved their hard-earned money.
Use gas station credit cards. I know how annoying it can be to be asked, "Would you like to sign up for our credit card?" at the pump, but it's important to remember that doing so could save you a ton of money. The general reluctance to sign up stems from our fear that credit cards will lead us to overwhelming debt. Credit cards also have the potential to save you a ton of money, if used correctly.
Have you ever heard of the Cycle to Work Scheme? It is a government initiative allowing you to buy a bicycle and all its accessories tax free, via your employer.
We all love to save money but what is the weirdest thing you would do in order to spend less cash on food? There have been some very strange money saving ideas in the news lately which have made me wonder how far I would go in order to spend less.