Not for the Weak, 7 Secrets to Saving Money, Be Cheap for 4 Months and Start Your Own Business
Perhaps being frugal in the past was not very important.
Nowadays its importance Is exponentially greater.
Frugality is most often garnered from debt payment.
It's a useful lesson, but one that should not be learned the hard way.
Here are eight tips to help you become more frugal and start saving toward the life you've always wanted.
#1 -- Get Rid of Debt Some of us are taught to learn to live with debt, others are taught early that debt is not okay.
The first step to becoming financially stable and working towards being your own boss is to rid yourself of all consumer debt.
#2 -- Live on What You Earn You complex investments to a minimum.
Why invest your money in risky investments you can still earn interest through regular checking and savings account at your local bank.
#3 -- Morning Coffees It may seem like pocket change, but two dollars every morning he was $14 a week, $52 a month, $564 a year.
Make your coffee at home, save your two dollars.
#4 -- Quit Smoking This is a no-brainer for most people, although less than 5% do it.
Everyone knows the benefits of it.
By quitting smoking you can save up to $3000 a year.
#5 -- Going out for Lunch Going out for lunch will cost you roughly 8 dollars a meal, you do this three times a week your spending $96 a month on fast food.
That's almost $1200 a year.
#6 -- Drink water Choose water over soda, it's a less expensive alternative and will do wonders for your health.
#7 -- Use Coupons Use coupons during regular grocery shopping, you can end up paying only a few cents for something that costs you a few dollars every week.
Take all the money saved from all of these tips and put it in a jar.
At the end of one month, count your money.
If you've adhered to all seven of these tips, you should be near $1000.
Do this for three more months and you will have enough money to finance a small business startup and hopefully be on your way to a better life.
Nowadays its importance Is exponentially greater.
Frugality is most often garnered from debt payment.
It's a useful lesson, but one that should not be learned the hard way.
Here are eight tips to help you become more frugal and start saving toward the life you've always wanted.
#1 -- Get Rid of Debt Some of us are taught to learn to live with debt, others are taught early that debt is not okay.
The first step to becoming financially stable and working towards being your own boss is to rid yourself of all consumer debt.
#2 -- Live on What You Earn You complex investments to a minimum.
Why invest your money in risky investments you can still earn interest through regular checking and savings account at your local bank.
#3 -- Morning Coffees It may seem like pocket change, but two dollars every morning he was $14 a week, $52 a month, $564 a year.
Make your coffee at home, save your two dollars.
#4 -- Quit Smoking This is a no-brainer for most people, although less than 5% do it.
Everyone knows the benefits of it.
By quitting smoking you can save up to $3000 a year.
#5 -- Going out for Lunch Going out for lunch will cost you roughly 8 dollars a meal, you do this three times a week your spending $96 a month on fast food.
That's almost $1200 a year.
#6 -- Drink water Choose water over soda, it's a less expensive alternative and will do wonders for your health.
#7 -- Use Coupons Use coupons during regular grocery shopping, you can end up paying only a few cents for something that costs you a few dollars every week.
Take all the money saved from all of these tips and put it in a jar.
At the end of one month, count your money.
If you've adhered to all seven of these tips, you should be near $1000.
Do this for three more months and you will have enough money to finance a small business startup and hopefully be on your way to a better life.