Monday, October 29, 2007

Smart Spending

When I go out and spend my moneyand I have the time to sit back and think why did I buy that? especially when I am broke and whatever I happened to buy was expensive and I need that same amount of money but can't resell the item to get the money back or even get a refund because it was bought so long ago out of impulse spending. I want to stress the importance of disciplining one's self when it comes to spending and doing it so wisely!

The number one thing in every one's budget that is essential is food. So when you go shopping a good piece of advice to avoid impulse spending is to not go on an empty stomach. From experience I have done this time and time again and every time that I do it nothing comes from it but a bunch of junk food that I rarely get a chance to eat because it always expires or spoils, cause there is so much to cover by the time I get to it this is what happens. Word to the wise before going grocery shopping and also making meals one should plan well, they say planning could actually save you half off of a grocery bill. By planning this gives you an accurate assessment of what you need and what you don't need helping you to weed out any un necessary things that will stand in the way.

One thing that kills me about college students is that they love to go to convenience stores and shop for everything needed. Well this proves to be not so wise shopping. Convenience stores mark items up on average of about 60% more than the average grocery store. That same 2 Liter bottle of coke for $2 and some change that you are getting at The BP station can be about 60 cents at your local Wal- Mart you do the math! Dollar stores are a killer when it comes to hygiene products and almost everything in between. Always when shopping remember prices and compare this is your chance to save because stores do compete when it comes to prices!

Another good way to save is instead of purchasing Soft drinks, which are unhealthy anyway, is to buy concentrated drinks such as concentrated orange juice, or you can even save more on making tea all the time. One major savings that a lot of people are slipping up on today are the coupons being offered on the Internet. You can always Google coupons and subscribe to a coupon site where they will send you coupons for free to the email of your choice. All you have to do is print them out then redeem them at your local store for shopping. A good book that I do smart shoppers or wanting to be a more smart shopper is ''The Spending Guide'' By :Faye Prosser very interesting and informative and full of good advice and tips

One good major way to keep an eye on spending is to keep track of purchases by saving your receipts and also keeping track of all expenses that you occur monthly. At the end of the month one should sit down and tally up expenses, this will in turn give you a financial picture of where your money is going and how you really spend it

Spend wisely...

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