How Can I Make My Money Stretch?
Posted November 17, 2011on:
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Planning for your future is important and managing money is really a good life skill to have. It may mean spending a little less on shopping trips, eating out or buying a ticket to a sporting event. These simple rules can help:
- Rule 1: Save whenever possible. Open a savings account if you don’t already have one and get used to making deposits, however small. Set savings goals to determine how much you’ll need to save each week to meet your goals. Keep records of your expenses and use cash instead of credit/debit cards whenever possible.
- Rule 2: Set a budget. Lay out your expenses over the past two months and estimate future expenses. On examination, there’s bound to be a few expenses you can eliminate while allowing for a little splurge every now and then.
The truth is it may be possible to make your money work for you if you have dreams of attending school — no matter how tough things might seem. It may also mean sacrificing a little more, but your future is worth it.