The 11 Best Money Saving Ideas of All Time - Part 1

The 11 Best Money Saving Ideas of All Time - Part 1
by: Palyn Peterson


At any time in history, no matter what the current state of the economy,
no matter what the current trends, no matter what the unemployment rate
is or where interest rates lurk, some money-saving ideas stay true.

Some of you may have heard of these ideas before, others may be entirely
new to you. But whether you are familiar with these super secrets or not,
it will be well worth your while to put them into effect in your own
life. The magic they will work on your financial life is guaranteed. I
urge you to put them to work - any one of these could change your life!
Big changes come from small steps. One plus one does equal two, so if you
add one from eleven different places, you will see big results.

This is a four part series giving you advice on saving your hard-earned
money in a variety of down-to-earth ways. Nothing here is anything that
anyone can't do on a daily basis.

Amazing Money Tip #1:

The great scientist Albert Einstein once said, "It takes a genius to see
the obvious." What he meant by that is that sometimes the simplest things
in life are the most powerful ... but because they are so simple, we tend
to ignore them, and not let them work for us.

One of the simplest but most powerful money making ideas is this: keep a
daily log of everything you spend. Go to the dollar store and buy a
little notebook and carry it with you wherever you go. Write down every
penny - every single penny - you spend. It's as simple as that.

If you do this, you will find something magic happening in your financial
life in just a few weeks.

There is something incredibly powerful about writing down all your
expenditures. It makes the flow of money through your life more real and
exact. It shows you simply and clearly just where you are spending your
money, on what and why. Once you know that, it becomes much easier to
control your spending.

Many people who have taken up this practice have not only learned
something about themselves which they never knew before, but they are
often astounded.

For example, a person could realized through examining their notebook
that they actually spent nearly $2,000 throughout the year on diet soft
drinks, snacks and candy bars! Since their job only brings in $25,000 per
year, they realized that 8% of their entire income was being frittered
away on something entirely frivolous. The person gave up the snacks and
drinks, and found they had enough money to go on vacation the following
year. If you had the choice between snacks or a much needed vacation,
which would you choose?

The point is, it was their daily expense log that helped achieve the
insight and clarity they needed to get control of their finances. That's
what a simple spending record will do for you - it will give you control
over your spending, and thus your financial life. There may be nothing
but a 75-cent notebook and a ballpoint pen between your life of financial
struggle and financial freedom.

Amazing Money Tip #2:

Stop deficit spending! We all know how much trouble Uncle Sam has been
creating spending more money than our country takes in. It's called
deficit spending. Well, don't fool yourself. The same rules apply to you.
Using those evil little plastic cards may be the "American Way," but it's
a darn poor way.

Today, the average credit card holder is carrying $8,000 in plastic debt!

Spending yourself into debt with a credit card is unbelievably easy, as
many of you already know. The reason is psychological. When you give that
clerk a credit card, it's just not the same as handing over a stack of
green dollar bills. Would you as readily hand over a fistful of ten
dollar bills as flip a credit card across a counter? Probably not.

Credit cards put you in the hole and keep you there. Even for people with
good incomes, paying your credit card debt down to zero is amazingly
difficult. And make no bones about it, credit card debt will sap your
financial strength just as readily as an open vein will deplete your
physical body of its very life force. Using a credit card by choice can
quickly turn to using it for need. Once you get to that point, you are
already in trouble.

There is no secret to freeing yourself from the credit card game. You
must take out a pair of scissors today, cut your cards in half, and begin
paying them back, slowly but surely. Be sure to always pay more than the
minimum amount due, even if it is just $10 more. Once you stop adding to
the debt, even small payments will eventually add up. You can get out of
debt if you are patient and disciplined. Once your cards are history, you
must adopt a strict pay-as- you go policy. Instead of buying now and
paying later, save now and buy when you have the full amount.

Once again, this is not rocket science, but stopping credit- oriented
consuming is one of the most powerful financial tools available to anyone
today. Why not pick up this tool and use it?

Amazing Money Tip #3:

Sell your junk. That's right, it's high past time for a major yard sale.
Search through your house or apartment for every single item you don't
need, and could sell at a flea market or yard sale.

Take an inventory. The truth is, most people are astounded by what they
own - and how much money they have tied up in useless stuff. Why let it
collect dust in your attic while it could collect interest in a savings
account.

You could easily be $500, $1,000 ... even $3,000 richer by the end of the
week. As an added bonus, you'd have your place cleaned up, and you will
have a fresh feeling of starting over. A garage sale is an excellent way
to not only clean out your house, but it often gives a psychological
boost that helps people get control of their life and money.

The next of the 11 best money saving ideas of all time will be discussed
in part 2. Until then, take note of what you have learned so far and put
this information to good use. Read and reread this article; I bet you
will notice a difference sooner than you think.

Copyright © by Palyn Peterson
palyn@futureinternetmarketing.com

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About The Author

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