Is your budget stretched too thin? Are you spending too much? Are you unsure of how to save?
These are all valid questions, ones that plenty of us have had to answer when it comes to money, our finances, saving, income and expenses.
But as much as we ask, we also never answer. We rarely want to come face to face with the cold, hard truth that one fact escapes us simply because we don’t want to do it.
And that is, quite frankly, the need to have to cut back and kill off some of your expenses. Is it truly possible to do that and still enjoy the fruits of your labor?
Of course, but cutting expenses is part of the budgeting process and shouldn’t be looked upon as something negative but rather the evolution of saving money and being able to build a financial future for yourself.
The need to overspend is rooted in convenience or ignorance, depending on the situation. The convenience part could be something as simple as paying for landscaping, when you could easily do it yourself. Did you know the average person spends in the neighborhood of $150 per month on yard work of that variety? If you think that a good lawn mower costs about that, and can last more than just one summer, you’d be hard pressed to not go the route of the do it yourself crowd and save money in the process.
Some services just scream wasting money, and those tend to be centered on products and purchases that have add-ons to them that you simply don’t need. When was the last time you bought an extended warranty on a washer, dryer or even your car. Extended warranties tend to be unnecessary simply because the product is covered by the manufacturer quite well or it’s new and the idea of having it go bad in the warranty time frame would be a chance worth taking. The other downfall of expensive warranties is the product might be easier to replace in a few years rather than buy a warranty that is priced over and above what you just bought.
Another money pitfall is right behind those two doors in your fridge, with so much wasted food you can’t even believe how much money you’re literally throwing away every month. You should avoid over spending but overbuying is just as bad with plenty of us spending money in bulk, thinking that we are saving when we end up with freezer burned food and an extra bag of garbage at the end of the week.
Saving money starts with smart decisions, and budgeting is all about not only knowing how much your bills are but also cutting back when buying is broken down into a better, more reliable system.
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