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'The 11 Best Money Saving Ideas of All Time - Part 1'
by Palyn Peterson
At any time in history, no matter what the current state of
the economy, no matter what the current trends, no matter
what the unemployment rate is or where interest rates lurk,
some money-saving ideas stay true.
Some of you may have heard of these ideas before, others may
be entirely new to you. But whether you are familiar with
these super secrets or not, it will be well worth your while
to put them into effect in your own life. The magic they
will work on your financial life is guaranteed. I urge you
to put them to work - any one of these could change your
life! Big changes come from small steps. One plus one does
equal two, so if you add one from eleven different places,
you will see big results.
This is a four part series giving you advice on saving your
hard-earned money in a variety of down-to-earth ways.
Nothing here is anything that anyone can't do on a daily
basis.
Amazing Money Tip #1:
The great scientist Albert Einstein once said, "It takes a
genius to see the obvious." What he meant by that is that
sometimes the simplest things in life are the most powerful
... but because they are so simple, we tend to ignore them,
and not let them work for us.
One of the simplest but most powerful money making ideas is
this: keep a daily log of everything you spend. Go to the
dollar store and buy a little notebook and carry it with you
wherever you go. Write down every penny - every single
penny - you spend. It's as simple as that.
If you do this, you will find something magic happening in
your financial life in just a few weeks.
There is something incredibly powerful about writing down
all your expenditures. It makes the flow of money through
your life more real and exact. It shows you simply and
clearly just where you are spending your money, on what and
why. Once you know that, it becomes much easier to control
your spending.
Many people who have taken up this practice have not only
learned something about themselves which they never knew
before, but they are often astounded.
For example, a person could realized through examining their
notebook that they actually spent nearly $2,000 throughout
the year on diet soft drinks, snacks and candy bars! Since
their job only brings in $25,000 per year, they realized
that 8% of their entire income was being frittered away on
something entirely frivolous. The person gave up the snacks
and drinks, and found they had enough money to go on
vacation the following year. If you had the choice between
snacks or a much needed vacation, which would you choose?
The point is, it was their daily expense log that helped
achieve the insight and clarity they needed to get control
of their finances. That's what a simple spending record
will do for you - it will give you control over your
spending, and thus your financial life. There may be
nothing but a 75-cent notebook and a ballpoint pen between
your life of financial struggle and financial freedom.
Amazing Money Tip #2:
Stop deficit spending! We all know how much trouble Uncle
Sam has been creating spending more money than our country
takes in. It's called deficit spending. Well, don't fool
yourself. The same rules apply to you. Using those evil
little plastic cards may be the "American Way," but it's a
darn poor way.
Today, the average credit card holder is carrying $8,000 in
plastic debt!
Spending yourself into debt with a credit card is
unbelievably easy, as many of you already know. The reason
is psychological. When you give that clerk a credit card,
it's just not the same as handing over a stack of green
dollar bills. Would you as readily hand over a fistful of
ten dollar bills as flip a credit card across a counter?
Probably not.
Credit cards put you in the hole and keep you there. Even
for people with good incomes, paying your credit card debt
down to zero is amazingly difficult. And make no bones
about it, credit card debt will sap your financial strength
just as readily as an open vein will deplete your physical
body of its very life force. Using a credit card by choice
can quickly turn to using it for need. Once you get to that
point, you are already in trouble.
There is no secret to freeing yourself from the credit card
game. You must take out a pair of scissors today, cut your
cards in half, and begin paying them back, slowly but
surely. Be sure to always pay more than the minimum amount
due, even if it is just $10 more. Once you stop adding to
the debt, even small payments will eventually add up. You
can get out of debt if you are patient and disciplined.
Once your cards are history, you must adopt a strict pay-as-
you go policy. Instead of buying now and paying later, save
now and buy when you have the full amount.
Once again, this is not rocket science, but stopping credit-
oriented consuming is one of the most powerful financial
tools available to anyone today. Why not pick up this tool
and use it?
Amazing Money Tip #3:
Sell your junk. That's right, it's high past time for a
major yard sale. Search through your house or apartment for
every single item you don't need, and could sell at a flea
market or yard sale.
Take an inventory. The truth is, most people are astounded
by what they own - and how much money they have tied up in
useless stuff. Why let it collect dust in your attic while
it could collect interest in a savings account.
You could easily be $500, $1,000 ... even $3,000 richer by
the end of the week. As an added bonus, you'd have your
place cleaned up, and you will have a fresh feeling of
starting over. A garage sale is an excellent way to not
only clean out your house, but it often gives a
psychological boost that helps people get control of their
life and money.
The next of the 11 best money saving ideas of all time will
be discussed in part 2. Until then, take note of what you
have learned so far and put this information to good use.
Read and reread this article; I bet you will notice a
difference sooner than you think.
Copyright � by Palyn Peterson
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Palyn Peterson publishes the acclaimed Advanced Internet
Marketing News. A professional newsletter with a
refreshing perspective and a strong focus on no-cost
tactics. http://www.FutureInternetMarketing.com
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