So, many people think they know the best way to save money, whether it is by putting aside a few dollars a week under the mattress, staying out of credit card debt, investing in the stock market, owning a home for the tax write off, etc etc. In the search for the Holy Grail of the best ways to save money, I came across a post at Life Organizers that proclaims to have the 11 best money saving ideas of all time. I have taken a brief synopsis of each of their ideas, and each section header links to the page with the rest of the information on each one. (They are spread out over a few different pages so I wanted to make it a bit easier for you to get to what you want to learn)
Let’s take a look at their list and see what they say are the best ways to save money.
The 11 Best Money Saving Ideas of All Time – Part 1
Keep a daily log of everything you spend. Go to the dollar store and buy a little notebook and carry it with you wherever you go. Write down every penny – every single penny – you spend. It’s as simple as that.
Stop deficit spending! Today, the average credit card holder is carrying $8,000 in plastic debt!
Sell your junk. You could easily be $500, $1,000 … even $3,000 richer by the end of the week.
The 11 Best Money Saving Ideas of All Time – Part 2
Ben Franklin said it long ago: “A penny saved is a penny earned.” When you get your paycheck, immediately put a minimum of 5% in your savings account.
Visualize wealth and abundance everyday. Call it what you will – a mind game, mysticism, New Age go-go — but the solid fact is that behind every wealthy man and woman is a positive attitude toward money.
The 11 Best Money Saving Ideas of All Time – Part 3
Do what you love and the money will follow. If you hate your job, you will not have a positive attitude toward money. You will associate money with that dreadful sound of the alarm clock every morning.
You must get organized. If you want to have a lot of money, you can’t afford to be a slob. The fact is, time is money.
Make your own daily top 10 list. The reason is that making money is all about movement – forward movement.
The 11 Best Money Saving Ideas of All Time – Part 4
You must set short-term goals and long-term goals. When you have a target sitting out there somewhere in the future, a target which is your goal, it can almost act like a magnet that pulls you toward it.
Invest your money and make it work at multiplying itself. You must do more than save your money — you must invest it. That means financial vehicles with super-high rates of return, such as mutual funds and stocks, or the more risky commodity markets.
Have fun! You need to be having fun to stay positive, and you need to stay positive to make money.
That’s a pretty exhaustive list! Hope it helps some of you out there that are struggling with the best way to save some of your cash for your future.