Wednesday, June 24, 2009

Debt Relief - How to Save Money and Get Out of Debt

By Steve Turner

A great deal of people who want to know how to save money and get out of debt think that it is a straight forward task to just stop spending as much and pay off what you can from what you owe. What they fail to realize is that in many cases they are not paying off as much as they could be.

So onto How to Save money, you pay out for things almost every day without even thinking about it, your lunch at work, coffee from the coffee machine at work, petrol to and from work, bus fare to work, train fare to work, groceries from the local store and so on. The fact is by thinking about all of these and putting in a little more effort you can make that extra saving.

The major factor in this is that you are looking to save money and to make sure you save money you need to invest time, but by doing small simple tasks you will start to save money and not pay out as much each month meaning you can get out of debt faster.

If you buy your lunch at work you could be making a great saving by simply taking your lunch to work with you. And I hear you saying straight away, I don't get up early enough to make my lunch, my answer "You want to know how to save money and get out of debt? Get up earlier or make your lunch before you go to bed and put it in the fridge!"

That handful of change you have in your pocket or your purse that you use to fill up the coffee machine at work all adds up at the end of the week as well. There are two options to this one take your own coffee from home in a flask, the flask will pay for itself in a few weeks and you will still get your coffee. Alternatively stop drinking as much coffee and turn to the healthy option and drink water, that way you win on both counts.

In my youth I had a obsession with the fact that I thought I was cool turning up to work each morning in my car. Then as I matured and became more aware of money I started to think that this was more and more uncool and a waste of resource. I started asking around friends who worked close by and co-workers. It wasn't long before I was paying a fraction of what I was on my own.

I love a good bus ride and more and more people are turning to public transport but getting off the bus and walking a few stops or taking the time to walk those extra few stops before getting on will save you time and money in the long run you will also feel better for the walk.

You know that really convenient little shop on the way home where you pick up most of your weekly shopping? Well chances are that they are just that little bit more expensive on the essentials than the larger chains. I love small business in fact I am a small business all on my own but for the things you need on a daily basis they are fantastic but to save money and get out of debt you need to start thinking about a bulk buy at the larger stores.

How to save money is no easy thing there are small sacrifices that need to be made in order to do this but you have to be the one that says they want to make the change to know how to save money is one thing to actually save money and get out of debt takes commitment and time.

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