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How to Save Money, A GREAT Technique to See Where Your Wasted Money Goes – All For Just 50 Cents

May 9, 2010 by  
Filed under More Savings

I don't think that I have ever met ANYBODY who does not want to know how to save money. Knowing how to save money will improve your cash position without having to earn even one cent more than what you earn now.

I will bet that virtually 99% of all people completely waste money EVERY DAY without even thinking about it.

Wasting money is like a constantly dripping tap. It's just a little drip every few moments. But.. if you place an empty bucket underneath that drip it soon begins to fill up. So, what are we doing? We are measuring the wasted water.

It is the same with the drips that fall out of your financial tap.

Here is what to do:

  • Go and purchase a 50 cent notebook - something small that you can carry everywhere for a week,
  • EVERY time you spend ANY money - make a note of it in your notebook,
  • At the end of the week tally up ALL the entries
  • Separate EVERY expense into two categories - ESSENTIAL (examples - mortgage, rent, electricity, core food requirements) and NON-ESSENTIAL (examples - newspapers, magazines, chocolates, alcohol, cigarettes, chewing gum)
  • Determine how much NON-ESSENTIAL expenditure is just blatant waste.

You will probably be absolutely amazed at how much money is just wasted on completely useless items.

So, if you want to know how to save money then this 50 cent investment and the time that it takes to record where your money goes to will probably be one of the greatest revelations that you will ever make.

Learning how to save money will empower you to do something positive for your financial future. Do it. Do it NOW!

Gary Simpson operates the Turn Debt Into Wealth website. To learn more tips on how to save money go here: "How to Save $1000's and Increase Your Net Wealth."

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