|Guest Post by Rick Murphy|
Recent US financial reports reveal that the US is going to backslide into
yet another recession in 2012-2013. If such is the situation, then do you
have enough funds to fall back on? Did you save money as told by the
financial experts? You must have thought that the worst is yet to come and
this way you must have delayed your decision of saving enough bucks. Though
there are debt relief options online like the non-profit debt consolidation companies, the credit counselling agencies who can
solve all your financial worries and help you lead a debt free life, yet you
must take certain actions on your own so that you don’t have to take the
help of professional companies. Here are some money-saving tips that you can
1. Go green and save money: This is the era when all banks and financial
institutions are going green in order to save energy and money and also save
the environment. You can go green by using energy-sustainable goods so that
you can easily save your dollars on the electricity bills.
2. Reduce your unpaid credit card bills: The more you pay back your unpaid
credit card debt; you will be able to build wealth. If you’re a debtor, this
will hurt your credit score but if you take solid steps to repay them, it is
easy for you to start building wealth for the long run. As there is yet
another recession in future, you must build a strong cushion so that you can
fall back on it during a financial crunch.
3. Eat out less: If you have the habit of splurging by eating your dinners
out, change this habit. This is a bad habit that takes away a lot of your
hard-earned dollars as the price of eating out is huge. Instead, cook at
home after buying the ingredients. This way you can save money and use it in
paying off your debt obligations. You should not splurge when you’re already
going through a credit crunch.
4. Scale down your mobile costs: It may happen that the economy stinks for
you but it really stinks for all those cell-phone providers that can be
simply scaled back. Though they may try hard to offer you the best plans
that can help them earn money but truly they don’t want to lose you as
customers. Talk less over the phone so that you can scale down your mobile
bills and utilize the money in some other productive way.
Therefore, when you’re going through a credit crunch and you have a huge
amount of debts to repay; it is high time that you build a savings plan.
Follow the tips mentioned above so that you can materialize your dream of
saving money and use it in repaying your debts through a non-profit debt
What's Hot on Living Simplistically
This bread makes a delicious dessert or a wonderfully tasty snack! Ingredients: 1 1/2 cups flours 2 tsp. baking powder 1/2 tsp. bakin...
So yesterday my family and I celebrated my husband's birthday, he's reached the big 3-0. I made him a Brownie Cheesecake covered in ...
This woman is sick and twisted. I wish that there were some way to know exactly who she is, what country she is living in...I do hope that a...