How To Save Money Essay

It 's important to learn how to save money, otherwise you will never improve your situation. You may already have a high debt on your house and just want to start paying that off; the ideas in this article will help you do that as well.

This article is mainly for people that have no assets or savings and need to start at the beginning. It 's important to have this basic skill. Without it, you won 't learn how to manage money. So even if you got given a large sum of money then you wouldn 't know how to handle it - if you don 't have this skill.

So this is for the people that want to buy a house (or an asset) and have no savings to do so. This will teach you how to save. The easiest way is to save 10% (or more) of your income.

Your self-employed

If you want to talk to people, tell them to come and visit you.

Don 't have anything that is costing you money, that isn 't going to help you make money.

Think is this going to help me make money, if not get rid of it, don 't buy it or don 't use it.

Sell it on eBay.

Food: don 't buy junk food, you will lose weight and it 's always higher price than fruit and veggies.

Fruit and veges is usually cheaper in the outer suburbs that are near fruit and veggie growing areas, so shop there.

Maybe it 's cheaper to live out there as well, so maybe move there.

If you rent get the cheapest apartment or house, and get someone to share with you or rent out spare rooms.

If you have a mortgage, then you need to start paying it off, if it 's too high and it 's an okay time to sell, sell the house buy something cheaper that you can pay off.

Rent out any spare rooms or space that can be rented.

Pay off your home loan fortnightly if it 's a variable loan.

You will save money.

If you are on a high income, look into loans where you income can go directly into it.

If you don 't need your car - sell it.

If you can catch a bus or train to work and you decided that lawn mowing and cleaning businesses were not for you, then sell

No pain, no gain.

So you might be reading this and you don 't waste your money now, you just don 't have enough coming in.

The only way to improve your situation is to increase your income.

If you don 't have the money to buy a mop or vacuum cleaner, or you don 't have a car, then you will need to have a smaller goal.

I would suggest get second job, or find a higher paying first job, and then start saving so you can start up your business.

If you can 't afford to save as you have too many debts, let 's say you have personal loans and credit cards and are already behind in these payments then you really need to earn as much money and pay these off.

There is no point savings money if you have $80,000 in unsecured debt at 20% interest. You need to focus, and pay it off.

If you do have a car on finance, make a decision whether you need it so that it can earn you a second income, or is it better to sell it and reduce your debt.

And rip up your credit cards right now and never get one again.

Saving money is the most important thing that you will need to learn, whether it 's buying cheap food or putting away 10% of your pay every week, if you have nothing saved up now, you need to learn how to do