Easy Ways to Save Money in Today's Economy

Anyone who can look around and say there's a possibility that our country is in a recession obviously hasn't opened up their eyes very far. Our economy is sinking fast, and despite efforts from our new president it's not expected that consumers will begin to see notable change for at least another year-possibly two. That leaves today's Americans trying to find ways to stretch their income farther than it was ever meant to be stretched in an attempt to stay three steps ahead of collections.

Fortunately, there are plenty of fun and unique ways to save money without having to live on a steady diet of water and Ramen. Implementing these principles not only during the recession but after will help you lay a foundation for financial security that will never leave you struggling-even if the bottom does decide to drop out from underneath the mortgage industry again.

1) Stop eating out and start shopping in bulk. You'd be amazed at how much money we as a society waste on food. Not only do we spend an unnecessary amount of money on restaurants and take out, we also spend more money on groceries than is really necessary. It's generally far less expensive to buy inexpensive items in bulk than it is to buy by the meal or by the day.

2) Cut unnecessary expenses. Yes, that gym membership is fun, but you could get the same workout by walking and doing push-ups and other aerobic and strength training activities in the living room. If you're serious about saving money you're going to have to learn to say goodbye to your unnecessary expenditures.

3) Budget. It's easier to go to the grocery store and shop indiscriminately, but let's face it-that's how you end up walking out of there with $200+ worth of "stuff," much of which you don't really need. The same principle applies when you're talking about entertainment. Your ability to save money relies almost entirely on your ability to designate your resources-and to know when it's gone it's gone.


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