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The rich didn't make their fortunes with frivolous spending. Get smart about money with these saving and budget tips.
You Will Need
- Retirement account
- Savings account
- Library card
Take employer matching
Take advantage of retirement funds your employer matches.
Save your money in accounts that pay high interest.
Buy appropriate amounts
Buy in bulk only if you consume in bulk. You are not saving money if what you buy in bulk eventually gets thrown away.
Pay in cash
Pay in cash. You are wasting money when you spend time cutting coupons only to pay interest when you pay for your purchases with a credit card.
Resist impulse purchases
Stop making impulse purchases. Ask yourself if you really need the item and if you can afford it. If you don't really need it, use your willpower and avoid the unnecessary expense.
Buy generic brand items, such as prescriptions and groceries, instead of name brands.
Cancel gym membership
Cancel your gym membership if you are not using it, and walk or bike to get around.
Quit smoking. Both your wallet and body will thank you.
Get best insurance rates
Make sure you are getting the best insurance rates by calling your current carrier's competition.
Visit your library
Visit your local library to rent music, books, and movies for free or for a minimal fee.