There are so many ideas out there for making more money that most people forget that it isnâ€™t really how much you make that counts as much as how much you spend.Â If you make $300,000.00 a year but you spend $350,000.00 youâ€™re still going to end up the year in the hole whereas if you make $45,000.00 but you only spend $38,000.00 youâ€™re going to have $7000.00 left over that will go towards your overall wealth.
With that inÂ mind here are some excellent Tips for saving money that will keep you on budget and enable you to build your wealth.Â They may seem small but, over time and with a little patience and diligence they will pay off.
Make your coffee at home.Â Yes this has been talked about ad infinitum but the fact is that those Starbucks coffees really do add up and take quite a bite out of your cash. Make it at home and save.
Although it may be difficult, Â if you know how to cook you should eat at home as much as possible. The trick is to find a balance between eating at home and being stressed out from not having enough time to cook.
While weâ€™re on food you should definitely bring your own lunch to work as often as you can. This will save you a lot of money and also cut down on fat, sugar and salt. Thatâ€™s a nice bonus for your waistline.
Use a grocery list when food shopping.Â This will cut down on impulse buying and save unnecessary extra trips to the store for the stuff that you forgot.
Do your grocery shopping as quickly as possible or when you have limited time.Â This will cut down on frivolous purchases.
Buy food and other household items in bulk.Â If you eat a lot of canned or boxed products or have a big family warehouse stores like Costco and Samâ€™s can save you a lot of money and time.
When buying basic food staples buy the generic brands. The fact is, most of the â€˜store brandsâ€™ are made by the same company as the label brands and just put into store branded packaging. The savings can be substantial.
Most of these Tips had to do with food and groceries.Â Stay tuned for part 2 and a host of other tips to help you save in other areas and other things.