Dollars and Sense Savings
Whether you are unemployed or not, any tips on saving money is worth reading and applying. I say that because not a lot of people are able to save money. There are credit card bills, rising cost of utilities and other bills that people are dealing with that prohibit them from saving money.
The only way people are going to be able to save is to take a stricter approach when it comes to managing their money. The key is consistency not so much a large amount. Let’s say while you are unemployed, you decide to give up cable for an entire year. For us the costs of cable is roughly $48.00 a month. Take $48.00 times 12 months and you get $576.00. If you begin saving this amount per month then at the end of the year you will have saved that amount. Maybe that does not sound like a lot, but let’s imagine if you have no savings at all.
Another one I like is recently I purchased some French fries in the frozen food section at the grocery store. Well the kids really liked them. Prior to finding these, usually five out of seven days I was spending $2.79 for their French fries. Well at the end of the week that was costing me $14.00 which does not include gas. Over a months time that is $56.00. The bag of fries at the grocery store is two for five dollars. A bag last me two to three days. So I would have only spent $5.00 for the week versus $14.00 This puts me $9.00 ahead for the week and $36.00 ahead for the month.
When you begin looking at ways to cut cost in a realistic manner, you will begin to see just how much money you can save. If you took the $48.00 plus the $36.00 you have $84.00. When you are unemployed that can seem like a lot of money. Just think about what you could do with this extra money whether it is being put towards bills, groceries or car maintenance. It is money that was being spent on something else.
It is important while you are unemployed to learn how to effectively and realistically manage your money. Once you return to work, you might like the tools you have put in place and continue to use them. This will help you decide which ones you would like to keep and which ones you want to disregard. It is such a wiser choice to learn how to manage your money when you are single. Although it can be done once you are married.
Begin thinking of ways to trim the extraneous debt in your house. See how much more you will have saved in the end.
The only way people are going to be able to save is to take a stricter approach when it comes to managing their money. The key is consistency not so much a large amount. Let’s say while you are unemployed, you decide to give up cable for an entire year. For us the costs of cable is roughly $48.00 a month. Take $48.00 times 12 months and you get $576.00. If you begin saving this amount per month then at the end of the year you will have saved that amount. Maybe that does not sound like a lot, but let’s imagine if you have no savings at all.
Another one I like is recently I purchased some French fries in the frozen food section at the grocery store. Well the kids really liked them. Prior to finding these, usually five out of seven days I was spending $2.79 for their French fries. Well at the end of the week that was costing me $14.00 which does not include gas. Over a months time that is $56.00. The bag of fries at the grocery store is two for five dollars. A bag last me two to three days. So I would have only spent $5.00 for the week versus $14.00 This puts me $9.00 ahead for the week and $36.00 ahead for the month.
When you begin looking at ways to cut cost in a realistic manner, you will begin to see just how much money you can save. If you took the $48.00 plus the $36.00 you have $84.00. When you are unemployed that can seem like a lot of money. Just think about what you could do with this extra money whether it is being put towards bills, groceries or car maintenance. It is money that was being spent on something else.
It is important while you are unemployed to learn how to effectively and realistically manage your money. Once you return to work, you might like the tools you have put in place and continue to use them. This will help you decide which ones you would like to keep and which ones you want to disregard. It is such a wiser choice to learn how to manage your money when you are single. Although it can be done once you are married.
Begin thinking of ways to trim the extraneous debt in your house. See how much more you will have saved in the end.
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