April 15, 2010

Thursday Tip

Cutting Spending

I will try to post a tip of the week each week.

Right now everyone is watching their pennies. The down turn of the economy effects nearly everyone. Would you like to save money on your food? Come on who doesn't?

Try cutting a little spending out of your monthly food allotment. Yes, we all need food but when you are shopping; are you tempted by the Doritos, soda, or other indulging purchase? Start by cutting $25.00 out of your budget. If shopping with your kids make a game out of seeing out little money you can spend for the biggest bang. Show your kids that you can still have really good food and you are not going without by cutting the budget down.

Then take the $25.00 and put it towards a bill such as a credit card.
You have saved on shopping $25.00 X 12 Months = $300.00. The $300.00 taken to pay down a credit card debt with an interest of 12-21% = BIG savings!

Give it a try you might be surprised by the outcome. As well as happy by trickle of savings that occur.

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