Find out more on Debt Consolidation Credit Counseling In Phoenix Now!
Monday, December 1, 2008
In order to live a thrifty life, you need to know more than just that you need to save money. It is also essential that you spend your money wisely. Consider the following ideas about what a frugal person can do with the money that they have worked hard to save.
Make a list of your needs, wants and desires when it comes to your finances. Include any estimates that you may have (or use guesstimates if you have nothing tangible to go on). Be sure that you number them in the order of importance. Then start tackling your dreams one at a time.
Paying more than the minimum payment on your mortgage each month or even just making one additional payment each year could mean that your mortgage gets paid off in half the time that it would if you always paid the minimum. Doing so will also save you lots of money in interest. When you make such additional payments, make sure that the money is being deducted from you loan's principal. Once you have the mortgage paid off, you can use the money you were accustomed to spending on that on whatever else you want.
Money you have been saving can be spent on home repairs and projects that you have long wanted to do. Some such projects might be simple, do-it-yourself jobs while others will require that you hire a professional. Money spent on making your home more beautiful will certainly be well spent.
Get a new pre-owned vehicle. If your existing car is still in good condition then pass on your blessings by donating it to a charity or church or giving it to someone you know needs it. Keep in mind that purchasing a new vehicle will mean an increase in insurance premiums, so be sure to figure that into your budget.
Take that dream trip that you've always said you would take. By traveling during the shoulder or off season you will be able to stretch your money into even more of a vacation experience.
Even though been frugal does mean saving money in case of unexpected costs, it also important to enjoy the benefits that come from working hard to save your money. Thrifty people should also save some money with the intention of using it to enjoy themselves in some special way.
Your success as a frugal person needs to be honored. Using your savings (that are set aside just for such a purpose) is a great way to keep your motivation for the frugal life up at its highest.
Make a list of your needs, wants and desires when it comes to your finances. Include any estimates that you may have (or use guesstimates if you have nothing tangible to go on). Be sure that you number them in the order of importance. Then start tackling your dreams one at a time.
Paying more than the minimum payment on your mortgage each month or even just making one additional payment each year could mean that your mortgage gets paid off in half the time that it would if you always paid the minimum. Doing so will also save you lots of money in interest. When you make such additional payments, make sure that the money is being deducted from you loan's principal. Once you have the mortgage paid off, you can use the money you were accustomed to spending on that on whatever else you want.
Money you have been saving can be spent on home repairs and projects that you have long wanted to do. Some such projects might be simple, do-it-yourself jobs while others will require that you hire a professional. Money spent on making your home more beautiful will certainly be well spent.
Get a new pre-owned vehicle. If your existing car is still in good condition then pass on your blessings by donating it to a charity or church or giving it to someone you know needs it. Keep in mind that purchasing a new vehicle will mean an increase in insurance premiums, so be sure to figure that into your budget.
Take that dream trip that you've always said you would take. By traveling during the shoulder or off season you will be able to stretch your money into even more of a vacation experience.
Even though been frugal does mean saving money in case of unexpected costs, it also important to enjoy the benefits that come from working hard to save your money. Thrifty people should also save some money with the intention of using it to enjoy themselves in some special way.
Your success as a frugal person needs to be honored. Using your savings (that are set aside just for such a purpose) is a great way to keep your motivation for the frugal life up at its highest.
About the Author:
Wondering how you could be negotiating lower payments on your credit card? You'll find plenty of helpful information on the Debtopedia website.
posted by Credit Counseling at
4:36 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home