Thursday, April 18, 2013

In a struggling economy one of the hardest things to do is to learn how to save money. With all of the ads, half off sales, and of buy one get one sales going on we often avoid ways to save money. We have to use self discipline when it comes to saving money, and understand how saving money can benefit us. Our nature is if we see it and we like it, then we have to have it. How can we allow ourselves to buy a cup of coffee every morning, but not set the same amount of money aside to save money for a rainy day. In a report done by the average American family saving is about $3800, but there are also about 25% of Americans who do not have a savings account at all. The report also showed that only about 38% of Americans have emergency funds to fall back on. Ask yourself this question, if you lost your job today do you have enough money to survive until you found another one. What I'm going to be giving you today are some ways to save money and strategies that I did not always follow, but once I did it changed my life forever.

First things first, in order to start to save money you must develop a strong willpower to say no. With the constant advertising that you are hit with on a daily basis, you must resist the temptation to buy unnecessary items in you day to day life. The spontaneous but is one of the top things stores count on to make sales. They put candy and drinks at the checkouts to attract you or you kids to buy a little something extra that you may not be counting on. At the end of the day it all adds up. In order to save you must cut down on some of your spending. Take a look at your month to month bank account and see if there are some constant items that you may be able to do with out, or cut back on. We have to reverse our mind frame from constant spending to save money. If there are some shoes or an outfit that you have been looking at, check online and see who has that item at the lowest price. Make it a game with the whole family, and see who save money each day. These are some great ways to get started on the right path.

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