Wednesday, August 24, 2011

Practical Tips on Saving Money

By Lamo Damo


Here we go again. The financial markets are playing the yo-yo game again. It’s not looking good for the global financial markets. Investors are jittery and there are no safe havens for people to stockpile their savings.

It is becoming untenable for the everyday person. Not only are the poor suffering but the lower end of middle class are now struggling to make ends meet. The rich continue to make money and the divide between rich and poor is widening.

Nevertheless the idea of saving ought to now be much more in the way of thinking of society. Saving requires putting away money for a particular purpose/ goal and also decreasing expenses. The key of saving is simple and easy and doesn't involve anything amazing or groundbreaking. The best methods to save, however, involve sensible and easy ways to save that typically do not actually require much work on your part.

I have listed some methods in which you can save money:

1) Use freebies and samples - Many businesses are now distributing freebies and samples to consumers to stimulate the economy and encourage us to spend. Take advantage of these freebies to make educated purchasing decisions to get the best value for money on your goods.

2) Use Discount Codes

This is a rising trend that is gathering popularity each day. Offering coupons for trial services or discount products is another method to encouraging people to save money and still get what they need. So the next time you need to head for the stores, do a quick check online to see if there are existing online coupons. You will be surprised at home much you can save!

With these savings, your first thought should be reduce any debt associated with your name. The mortgage and the credit card debts should be the first to go. Once you are debt free, global economic uncertainty does not affect your lifestyle




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