Tips for Saving Money

We all know we need to save. Yet, few of us do save. Why? Because there are too many competing priorities for money in our lives. But, you can you can save for those larger purchases, for the emergencies that are sure to come, for your children’s college, for a home, and for your retirement. You may not think you have enough money. You may think you are living paycheck to paycheck with nothing left over after meeting your expenses. You may think you have to earn more money in order to have enough money to save.

The truth is saving isn’t a math matter. It’s an emotional one. Once you make saving a priority, then and only then will you save. Until you decide to pay yourself first, you won’t save. By the time you get to the end of the money, there won’t be enough left over for you. Here are some quick tips on how to save money.

Tip #1 – Know where your money is going

Keep track of what you spend for the next month. Write down each purchase, or ask for a receipt. But at the end of the…

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