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Tuesday, April 8, 2014

26. Tips to Save Money - Part 4

Here’s some personal experience on great ways to save an extra buck. I'd love to hear your tips! I have a list of about 60+ tips to save money. This is part 4 tips 12-16. I hope you enjoy! 

12) Buy a Deep Freezer

12a) After the initial investment this can be a great bargain. Buy all sorts of foods in bulk and store them. You can even cook and store meals in advance.

13) Plan a Budget and Stick to it!

13a) Plan a budget. Spend all your income in your budget. Plan for tithing, saving, bills, and then for fun stuff. If you don’t have it don’t spend it!

14) Have an Emergency Fund

14a) This will help you avoid fees or avoid putting an "emergency" on a credit card! My Dad always told me to save for a rainy day. Well around where I live it rains at least a few times a year. The best thing to do is to have an umbrella on hand. An umbrella in finances is like an emergency fund. A good goal is to save up an emergency fund. This is not that hard once you get it going.

14b) If you make less than 24 thousand a year start with a goal of $500. If you make over 24 thousand a year your goal should be initially $1000 in your emergency fund. Emergencies always will happen. The frig will need to be replaced. The car will break down. The kids will need to go to the doctor. Credit cards are not a way to pay for an emergency! Be prepared ahead of time!

15) Buy a Used Car

15a) The value of vehicles depreciates the greatest during the first two years of ownership. Let someone else take the hit and buy a used vehicle. Always get the Carfax report for any vehicle you buy.

16) Go Out to the Movie Theatre for Matinees/Weekdays & Don’t Get Snacks.

16a) A Matinee can be anywhere from half the price or a couple bucks off the regular price. Avoid 3D (except on a rare occasion) especially for prime time. 2D is still great. Also always take your student ID for a student discount for movies during the week.

16b) Eat a good meal before you go to the movies and dont buy any concessions.

Which tip did you like best? What tips have worked for you? 

See the full list of tips to save money for the other tips and parts! Leave a comment! 


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