Whats your financial plan for 2011? Do you want to cut your debt? Start saving for the future? Or just make life a little more comfortable? Wouldn't it be nice if you could start planning for your future and making sure that your life and even retirement are secure and comfortable?
Are you like most people in the country? Do you live from paycheck to paycheck? Do you earn just a little more than you spend, but not enough to really start saving? Don't worry, that's pretty common.
How can you revolutionise your personal savings?
Let's say, hypathetically, you spend about $2500 a month, and maybe you earn about $2600. So basically, you've got $100 a month to save... Which let's face it, is going to get spent on your annual holiday, or maintaining the car or whatever.
You have enough for now, but not enough to be worrying about the future.
Now let's say, you manage to find a few ways to save a little money here and there. Maybe you can reduce your bills and your other outgoings by about 10%... Should be doable right? Now you have $350 left over at the end of the month... That's enough to start doing some saving.
My point is simple:
Saving really isn't that hard, you only need to make a few small savings to dramatically increase the amount you can put away each month.
Why not start keeping a money diary, write down all of your cost and expenditure for the next month or two. You might be surprised by how much certain things are costing you.
Once you know where your money is going, you can start figuring out where you can make savings. And then you can start putting some of your hard earned away for the future. Good eh?
Try these tips to get you started:
Drive less: Petrol is a big cost for most people, how much do you spend?
Downsize: If finances are really tight this can save you a lot every month.
Get a hobby: Cycling & walking are much cheaper than the cinema.
Are you like most people in the country? Do you live from paycheck to paycheck? Do you earn just a little more than you spend, but not enough to really start saving? Don't worry, that's pretty common.
How can you revolutionise your personal savings?
Let's say, hypathetically, you spend about $2500 a month, and maybe you earn about $2600. So basically, you've got $100 a month to save... Which let's face it, is going to get spent on your annual holiday, or maintaining the car or whatever.
You have enough for now, but not enough to be worrying about the future.
Now let's say, you manage to find a few ways to save a little money here and there. Maybe you can reduce your bills and your other outgoings by about 10%... Should be doable right? Now you have $350 left over at the end of the month... That's enough to start doing some saving.
My point is simple:
Saving really isn't that hard, you only need to make a few small savings to dramatically increase the amount you can put away each month.
Why not start keeping a money diary, write down all of your cost and expenditure for the next month or two. You might be surprised by how much certain things are costing you.
Once you know where your money is going, you can start figuring out where you can make savings. And then you can start putting some of your hard earned away for the future. Good eh?
Try these tips to get you started:
Drive less: Petrol is a big cost for most people, how much do you spend?
Downsize: If finances are really tight this can save you a lot every month.
Get a hobby: Cycling & walking are much cheaper than the cinema.
