What Are Some Money Saving Tips I Can Follow To Try And
The basis of financial freedom can be summed up five words : spend
less than you make. Like many good habits, it sounds easy to do but in reality it can be somewhat difficult to
follow, because many of us simply want more. The problem, however, isn't how much we make at whatever job we
have, we are the problem. Our spending habits are the problem, and until the problem is realized and
understood, it can never be fixed. In order to develop money saving habits you need to learn to live below
your means and spend less than you make. There are some easy ways to get started on the road to developing
this good habit.
Knowing the difference between needs and wants is the first key to
financial freedom. In the simplest of terms, food, shelter and clothing are the things that you need,
everything else can be classified under the "want" category. To better understand the difference between
"need" and "want", imagine yourself in a financial crisis, determine what you would spend your money on in
order to survive. Secondly, understand what brings meaning to your life. Work to distinguish between what
brings you true fulfillment, time spend with family versus time in front of the TV. When you know the
difference between the two, you'll be on your way to money saving freedom.
You can also use trial periods to evaluate the many "what ifs" in
life. What if you didn't eat out as often? What if you didn't have that third car? Try not using that car for
a week, and while it may be inconvenient, chances are you'll soon realize that you can function with that car
and it's not worth the extra gas or payments. Trial periods are a great way to figure out what works and what
doesn't in your life. No one ever said that practicing money saving habits was easy, if it was then everyone
would do it. But to gain financial freedom, good habits need to be formed and stuck to.
Finally, it's okay to make mountains out of molehills when it
comes to money, because when it comes to money saving habits, everything counts, even the small stuff. One of
the biggest mistakes that people can make is ignoring the small expenses, but it's surprising how quickly
that cup of coffee from Starbucks everyday can add up. While you definitely need to keep tabs on the big
expenses, don't let the small ones fall by the wayside.