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In January, many people are looking to take care of their new year resolutions, be it losing weight, eating well and saving money. I have goals that I want to achieve in 2013, I have given up making resolutions as I have failed in a few months to keep those up. So I create mini goals that I break down from a one big goals so it makes it easier to me to achieve it and stay focused.
One of the thing I am passionate about or should I say, I am forced upon is to save money. When I decided to not go back to my six figure salary work and be home with kids, something had to give so I started reading and learning new ways to cut down on expenses. Some of my early favorite personal finance blogs were Simple Dollar, Get Rich Slowly and Zen Habits. Trent from Simple Dollars still writes his money tips with passion after so many years so do check out his blog. J D Roth has sold his “Get Rich Slowly” blog and I admit I do not read regularly anymore but there are some great articles out there still. Leo from Zen Habits has achieved his financial freedom so he does not write about money tips much but I still read his blog for changing habits and inspiration.
I have done No Spend Money experiment and written about saving money tips before, as 2013 is starting, I am looking back to find more ways to save money so that I can continue to follow my passion of being home, work at home part time and homeschooling mom to my kids.
One of the most expense that people now a days have is phone related that is to… Continue reading
In past couple of years I have done “No Spend Month” Challenge where my family of 4 spent about $300 on daily expenses, not counting mortgage/rent, utility and phone bills. One year I did great and another I did not. This time, I am going to be out of town traveling during month of July, hence decided not to do “no spend month challenge” this time.
If you are curious about it check out past few years post to see weekly updates and how I fared below; If you decide to go through this challenge, let me know if you have any questions or concerns. It is always easy to do this with a friend or online friend support.
I have learnt a few things from being stay at home, Zenguy being out of work for 22 months and doing this experiments for a few years;
Source: Free Digital Images
Right now with economy being down and jobs are far and few to find, life has been tough. While economy seems to be improving, I see many good and hard working people are struggling and hard to keep paying bills for mortgages, medical treatment and worst of all credit card payments.
While we can not help some bills such as medical and emergency situation but we can take precautions to make sure we are never in this uncomfortable situation where we may have to lose a house or lose credit ratings. Saving money has been practiced since early days of our great great grandparents to our parents.
There are easy and simple ways we can save money for everyday savings. Once saving habits are ingrain in our mind, saving money or being frugal comes as easy as breathing and it will have so many benefits that your quality of life will be improved.
Start today, do not wait for special occasion or a new year to start a new habits on our personal finance. We can save money on everyday expenses such as phone services, insurance, groceries and travel and more. When we are starting, every penny will count. Do not think, what you will do with saving a few pennies here and there. Just imagine, saving a few pennies will make a dollar and few dollars savings will makes hundreds of dollar. Just imagine you putting this saving towards debt or in saving account, how much money you can save in interests.
Top 5 Money Saving Ideas and Tips
There are… Continue reading