Saving Money Tips

It's a new year and a lot of people make resolutions to better themselves. People always have a list of things they want to change, one being saving money. There are many ways to save money and I will give you some tips on how to do that.

You have to decide whether its a want or need for a certain item. A lot of people will save money if they can tell between the two. A want is something that you really don't need but have to have. I call it a luxury item. I have had many of those in the past. A need is food, clothing, housing, and vehicles.

Shopping around is another great tip. I know some stores offer price matching. Make sure you check the same items in other stores. Sometimes you will find them cheaper somewhere else. If not some stores will honor other store prices.

What about store brand or generic foods? I find that sometime the store brand foods taste the same as the name brand foods. The price is a lot cheaper. Why spend the extra money on the name?

Budgeting is another important tip. Everyone should have a budget. Start by making a list of your monthly income and expenses. Income is all the money you bring in each month. Make a list of all your expenses that you have. You have to really think about this because there are always more expenses popping up. You also have to figure out what you can live without. You must stay committed to this budget.

It will take a few weeks to get used to all the changes. Make sure you don't get discouraged. You will see great results in the long run.