Carry a small leger for a month recording every single thing you buy and how much, then look through it at the end and tally up what you spend on various things. Youll probably be surprised, and it makes making appropriate changes easier

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Very true.

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Forget, cigarettes, alcohol, drugs, restaurants, movies, live entertainment, pay TV.<br />
Use skipe and voip to save on telephone bills, shop around for best deals<br />
Install solar hot water, or build your own from black plastic agricultural piping<br />
Turn off appliances at plug when not in use.<br />
Insulate walls and windows.<br />
Wear more clothes to keep warm and reduce heating bills.<br />
Keep showers under 4 minutes.<br />
Install solar power if you possibly can, it reduces electricity bills dramatically<br />
Grow your own vegies... you get at least six times the value for money spent on seedlings.<br />
Save all chores for one trip to minimise use of fuel and wear on vehicle<br />
Walk or cycle as much as possible<br />
Shop only at the cheapest outlets.<br />
Buy generic when there's no difference in quality<br />
Get clothes from charity op shops<br />
Take care of everything so it lasts as long as possible<br />
Use public libraries for books, create own entertainment.<br />
Make gifts for friends and family<br />
Improvise, invent, recycle,compost<br />
Minimise waste in everything

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The thing that works best for me is set up a direct deposit account. That means your money automatically is saved, just pay your bills first... wait until the bills for the month are paid..( rent, utilities, food, clothing, maintenance, health needs... etc.) and only then... decide what to spend your extra money on...<br />
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rule 2. whatever is left over... ONLY spend 80 %... tops.. Month to month.. this automatically saves up 20 % of what is left over... maybe make it save 10 % on a Month when necessities are high but <br />
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1. never save less than 10 %, and 2. Do not think that because last month you saved more than 20 %... this Month you can go and save nothing... it does NOT carry over.<br />
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The reasons fopr this is, Unless we impose rules on ourselves about saving, and spending...we will always come up with an excuse to over-spend. <br />
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Put yourself on a Budget, and follow it Like a religion. <br />
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I read that John D Rockefeller 's parents raised him with a similar budget, imposed from without, he had to account for every penny of his allowance. he had a certain % for savings... spending... etc... and he had to put it in a Notebook, his parents would review every week... seemed to work for him.

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Buy what you need, not what you want.

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Make it a game not a punishment. <br />
Never buy anything that is not on sale. <br />
Cut down on something, like Starbucks or a fast food run.<br />
Find things to do in the community that are free to the public.

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Every time you would have spent money, but don't, save it! Eg. You plan to go out to dinner, but don't. Take what you would have spent and save it. This MUST count for everything. The paper or mag you didn't buy, the shoes that were sold out when you got to the store. Anything you would have spent but didn't. Remember that money would have been gone, so open a fixed account where the money cannot be drawn for a year or longer and earn interest on interest. Believe me as you see that amount growing from month to month you will begin wanting to deposit money into that account.

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If you save like a loon you will soon get sick of it and fall off the wagon, work out what it costs you to live a week (rent, food, power, phone etc) set that money aside every week or even better open a second bank a/c, work out how much money you have left over and above what you need to live, add $50 or $100 to that amount and everything else gets transferred to your second a/c, The $50 or $100 pw is for incindentals like a coffee or a treat, dont have a eft pos card for it, if you have a card its too tempting to dip into it when you are out with your mates or if you see an impulse purchase,<br />
Save all your small coins and change in a tin or a bowl, i just counted mine and there was $235 in there, thats over about 4 months, it wont take long and you will have a goodly sum in your a/c

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skip the fast food, that kills a wallet faster than anything.

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Plan meals, shop from thrift stores and bent can stores. Combine trips. Heavily weigh each purchase. Ask yourself these questions. Is this something I really need? If I buy this will it get me closer to my goals?

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Have a good portion automatically go to stock/401K account. Look at it after a year and you will be glad you did.

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treat yourself like your foremost creditor. When you get paid, if you pay tithes, do that, but next, pay yourself, in other words put some money in savings or investments, then pay your other bills.

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