These are simple money saving tips that anyone can do. With an unsure economy, the first thing to do is work on paying off your debt. If you are not in debt, these same money saving tips will keep you that way.

1. Paying on loans.

If your loan is $529.00 per mo., try to add a little extra money to that payment..say $30.00 a mo. You will reduce your loan by years. Look into making Bi-monthly payments. Again, you will reduce the number of years. ( Use free mortgage calculators on the Internet.) It could also be more convenient to get a quick payday loan (approved literally in 1 hour or even less) and solve your cash emergency.

2. Credit Cards.

The frugal thing to do is try to use cash whenever possible. Using a plastic card doesn’t always “sting” as much as counting out your hard earned money and paying for things. If you use your credit card, keep your balance paid off monthly.

3. Vehicles.

Try to pay for your vehicle in cash. If you cannot do this, at least have several thousand to put down on it. You don’t have to buy a brand new vehicle, you have to buy one that is in good running order. Be frugal and carpool with co-workers. Carpool with kids’ events. Combine your errands and do them all in one trip. Take good care of your vehicle whether it’s brand new or used. It will last you longer.

4. Food.

Save money by being frugal in the way you buy and prepare it. Look for sales on foods you use. Make dishes like vegetable soup in volume when you make it. Freeze the leftovers. Ditch the already prepackaged/prepared foods. Start cooking from scratch. It will taste better, cost less and probably be healthier.

Carrying a homemade lunch to work and the school can save you money over a years time. Look into gardening or buying from farmers’ markets. If you invest in canning jars and a canner, you can save money doing your own preserving of meat, vegetables, and fruit. No additives make these both frugal and healthy money saving tips.

5. Clothes.

Keeping up with the latest fashion fads. Is it worth going into debt for? If not, go to second-hand stores and yard sales. A lot of the clothes being offered are like new and can be purchased cheaply. Have kids? Pass from the clothes down from one to the other. Learn to sew.

6. Bartering.

You have something someone else wants. They have something you want. You barter (trade) so both of you are happy. We have meat, we barter for hay, computers, etc. You may have a babysitting service but need a used car. How much do you get for babysitting? How much do they want for the car? Barter them!

7. Don’t spend the change!

At the end of the day when you are emptying your pockets. Stow the change in a piggy bank ( I use glass milk jars.) Put the change in and leave it. Over time, you will be surprised at how much that adds up. Handy for a dire emergency or buying something with cash instead of on credit.

8. Don’t buy things on a whim.

If you want something, don’t rush out and buy it. Think about every purchase you make. Is it necessary? Is it a luxury? Can you do without it? Can you wait until you can pay for it in cash? Is it worth spending your hard earned money on?

9. Pay yourself.

Literally, put yourself on the list of bills every month. I don’t care if its $5.00 or $1,000.00. Put yourself on the list and pay it. Save that money. Whether in a cd, bond, savings account or under the mattress. Save as much as you can.

10. Be yourself.

Quit trying to keep up with the Jones. Frugal living means making sacrifices and keeping out of debt. This tip is not one that usually gets said, but I think a lot of people feel they have to drive as new a car and have as big a house as the people they know. This is what drives people into debt.

I am no financial wizard and don’t play one on TV. This is a common sense approach to money saving tips and frugal living to stay out of debt in these challenging times.…

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