Getting Past The Idea Of Budgeting & Saving Money

Written by Gregory Thomas

I'm sure you'll agree that budgeting, saving money, and eliminating debt are very appealing ideas. If effectively tackled, these goals can secure your financial status forrepparttar future, and allow you to live a comfortable, debt-free life.

However for some unfortunate reason, these important financial goals hardly ever get accomplished, and most will continue to go through life consistently worried about their financial security, unprepared for whatrepparttar 149382 future may hold.

I have been writing money saving articles and newsletters for for over 6 years now, and after being in contact with a number of readers overrepparttar 149383 years, I found that many who were interested in learning how to effectively save money simply lackedrepparttar 149384 foundation to accomplish this.

I am a firm believer thatrepparttar 149385 ability to save and budget is dependant onrepparttar 149386 plan and approach one takes. Sure many proclaim they want to conserve and save more, but how many actually accomplish this? Saying one thing and actually doing are completely different from one another. Why do you think so many New Year's Resolutions are forgotten and never heard from again?

For example, think ofrepparttar 149387 times you yourself started a new hobby or goal. Were you successful? If not, how long did you stay with this new undertaking? What was your reason for quitting or not following through withrepparttar 149388 intended plan?

From this short self reflection, you can probably guessrepparttar 149389 reality most would-be budgeteers are faced with. Even though these individuals haverepparttar 149390 desire to conquer their finances, for some reasonrepparttar 149391 task never gets accomplished.

What is needed to help guarantee success is inspiration and a solid approach, or what I like to refer to as a "game plan".

Think about it.

If someone wants to learn how to playrepparttar 149392 piano, realistically, they are not going to just sit down and start banging away onrepparttar 149393 keys. They'll never learn to playrepparttar 149394 piano effectively that way!

In order to tacklerepparttar 149395 process of learningrepparttar 149396 piano, an eager student will take lessons, purchase "How To Play Piano" books, tapes, cd-roms, interactive software, browserepparttar 149397 Internet for tips and related online forums, check local college for classes and instructors, etc..

Who do you think will have more success learning to playrepparttar 149398 piano? More than likely it will berepparttar 149399 energetic individual withrepparttar 149400 planned agenda and goals, thanrepparttar 149401 dreamer without a "game plan".

Designing Your Game Plan


Once you fully commit to accomplish a particular task, to help improve your chances for success it is imperative that you design and follow a regiment, a well thought out "game plan".

Every task, whether it's for work or pleasure, has some type of goal or objective. If your underlying task is to cleanrepparttar 149402 house, then a specific goal may be to cleanrepparttar 149403 kitchen or organizerepparttar 149404 cupboards byrepparttar 149405 end ofrepparttar 149406 day. If your task is to learn how to playrepparttar 149407 piano, then a goal may be to learn how to play your favorite song within a month or two.

10 Steps To Improve Your Financial Situation

Written by Gregory Thomas

Here are ten steps you can follow to help improve your personal financial situation and inevitably save more money:

1. Pay Yourself Weekly

This may seem a bit odd, but this is an excellent way to start building a substantial savings. On a weekly basis, pay yourself $25-$50 and immediately put it in a safe place. You can even open a special savings account where this weekly "payday" can by placed to help minimize or eliminate impulsive spending. Think about it this way, if you paid yourself $25 a week, in two years you'll have accumulated $2600 (not including interest)!!! That's almost $3000 from just putting $25 aside every week! Take advantage of this money-saving opportunity. Simple, yet very effective.

2. Don't Shop

For those of you that love to shop, you may find that this is one tip that could save you hundreds, maybe even thousands every year. Start usingrepparttar "Need or Want" strategy. Before you spend a single dollar on anything, ask yourself, "Do I really NEED this item, or do I just WANT it??" You may find that many ofrepparttar 149381 items we purchase, we do so just because it "caught our eye" or it was "an impulse buy" or "my friend boughtrepparttar 149382 same thing". All these excuses just add up to wasteful spending. You can probably get by without another sweater, or a new pair of jeans, so just buy what you absolutely need, and pass on those items that aren't necessities.

3. Use Your Bank's Own ATMs

Some banks will charge you money for using other ATM machines. Even though you will be able to withdraw money using your ATM/debit card from literally any machine, banks will charge you $2 (generally) for using a machine other than theirs, in addition to a standard $1.50 chargerepparttar 149383 machine charges for its use. In other words, if you userepparttar 149384 ATM at your local 7-11 to take out $20, you'll most likely end up paying $3.50 in additional charges! If you do that 5 times a month, you'll lose $17.50 for that month, or $210 per year! What a waste! Try and stick with your own bank's ATMs whenever possible.

4. Track Your Spending

Takerepparttar 149385 time to track your spending habits for one week. Take note of every single dollar you spend, even those sodas and candy bars purchased here and there. This will give you a "birds-eye" view of exactly where your money is being spent, thus allowing you to refine your spending habits to essentially save more money.

5. Lower Credit Card Balances

Another very important tip that many often overlook. Pay off those pesky credit cards as soon as possible because you are losing up to 19% ofrepparttar 149386 total. What a waste of your hard earned money! Keep chopping away atrepparttar 149387 balances until you get to an amount that is reasonable $100-$500 dollars.

6. Use Your Debit Card Instead of Credit Cards

Get inrepparttar 149388 habit of using your debit card instead of your credit cards. Forrepparttar 149389 most part, debit cards are accepted anywhere a credit card is accepted, however as you know, with a debit cardrepparttar 149390 amount is taken directly from your checking account whereas credit card usage is billed at a later date (along with a hefty interest rate).

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