I am a young mom with two children and this means I am always trying to save money. Some of my favorite ways of saving money are close to my heart and I’m excited to share. It’s important to find ways to save money because you do not want to spend over your monthly amount. The biggest mistake seen among individuals is that they spend above their budgets. That is the worst thing you can do, you should really try to stay within your means. However, it’s no secret that emergencies arise and sometimes you just have to spend money outside of your budget.
Here are some ways I try to save money and get out of debt:
Try not to use credit cards.
It’s true that there are a lot of debt help companiesout there. This helps people who are already in a lot of debt. Instead of accruing more debt, try and pay cash for things. In this economy it may be hard to pay cash with everything. Cut up your credit cards and stick to paying cash only.
Cut corners where you can.
Every household budget has areas that they can cut money.
- Cloth diapers
- Hanging clothes to dry
- Shop at Aldis (cheaper grocery store)
- Eating in—instead of out-
- Ditch the cable
Get rid of debt
One of my biggest ways to save money is cut out actual debt. I pay off debtas quickly as I can. The longer the debt sits there, then the harder it is to pay off. Start with your smallest debt and pay it off with extra monthly income. As you pay off that debt, you have more money to put towards larger debts.
What ways do you try and save money? Please share them with us!