How to Manage a Good Life With Little Money?

The economic crisis affects the life of almost everybody. The value of the savings and assets has shrunk for about 40% or even more within one year. Many people have lost their job or fear to loose it in the near future. What has been left for many people? An overwhelming accumulation of debts on credit cards and car loans! The mortgages on self owned housing turn out as a heavy burden if the future of the regular, monthly salary is uncertain. It is inevitable for many families and individuals to cut their expenses.

Does it mean to lead a bad life with junk food and coke if the family budget has to be cut? No, there are ways to manage a life on good quality with little money.

Nine Tips how to spend little money

1. It is recommendable to plan the weekly shopping tour with a shopping list. A shopping list helps to do the shopping in a disciplined way and to avoid unnecessary purchases.

2. Super markets promote regularly food and other goods to discounted prices. Buying goods to discounted prices help saving money. Storable goods, e.g. detergents, should be bought while they are offered to discounted prices.

3. Money can be saved if furniture or other home equipment will be repaired before they get replaced with new goods.

4. Consumers can buy new goods on high quality at an outlet. Outlets offer high discounts on consumer products, e.g. shoes, cloths, furniture, appliances. Goods with branded names, e.g. Gucci, Lacoste, Sony, Apple can be purchased to a good bargain at an outlet.

5. Consumer goods are expensive during the main seasons and before holidays, e.g. Christmas. It is more favorable to buy them later when the shops offer them to discounted prices.

6. It is better to pay in cash than to use the credit cards. Paying in cash gives a better feeling for the expenses that have been done. Many people lose control over their expenses and their bank accounts because the credit or debit card misleads to uncontrolled shopping tours.

7. The convenience of mobile telephones leads often to high expenses for telephone calls. The excessive use of mobile should be stopped.

8. Insurances costs burden the family budget. Thus the different insurance fees should be compared to each other in order to find the insurance with the lowest costs.

9. Travel agencies offer last minute booking to discounted prices. Flights and hotels are cheaper during low season than during high season.

More about how to make money or to save money can be read at Make Money Tip. The website also offers free tools for personal finance, a link to the best free online course about financial markets and a section with ideas to make money.

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