To start saving money, maintain a record of needs where the dollars can be trimmed. Start with the biggest items first, where there are more chances of savings, and proceed to the less expensive items. First, wants and needs need to be differentiated. If you don't misunderstand wants for needs, then so much of money can be saved. Needs are those items that are necessary to live, like Shelter, food, clothing, transportation and they are simple to identify. Wants are those items that enhance or possibly improve our family life. Select things that are costs less and better in quality. We opt for the $100 dinner at the modern or style restaurant when a $20 meal would have been just as delicious. This does not save money.
Think about where and how you are spending the family money, to see if there couldn't be savings found with minor changes in habits. Before buying any thing, try it. This helps indirectly to avoid the silly purchases of things you barely or never use. Before you want to buy something, especially items with big price tags, borrow one, rent one, or try one out before you spend the cash. A moderate savings on one of the big items (houses and cars) combined with savings on the smaller items (food, clothes, etc.) can gain a large reward in your total budget.
Think about where and how you are spending the family money, to see if there couldn't be savings found with minor changes in habits. Before buying any thing, try it. This helps indirectly to avoid the silly purchases of things you barely or never use. Before you want to buy something, especially items with big price tags, borrow one, rent one, or try one out before you spend the cash. A moderate savings on one of the big items (houses and cars) combined with savings on the smaller items (food, clothes, etc.) can gain a large reward in your total budget.
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