Get Your Money's Worth

As the price of everything- from rice, meat, eggs and gasoline reaches high, moms can only wail in despair and began to ask herself. If I couldn't save anythign before when everything was cheaper, how can I start saving now? Despite today's steep cost of living, moms can still put something for the rainy day. Yes you can do it, it's just a matter of disciplining oneself and follow through with your plan for the future. Here are pointers I've read regarding budgeting.
1. Find out the cause of your financial hardships.
Itemize every expenses you will make for the next months and clasify whether it's a need or a
want. In this way you can cut those expenses not really needed or what we call wants.
2. Scan your needs list.
See which be altered without affecting the quality of your family's life. For example: To cut your electric bill, turn off lights and appliances when not in use. In my experience I turn off our refrigerator every morning and turn it on before I go for office. Unplug all appliances when not in use.
3. Review your finances.
Go over your assets and liabilities, income, and expenses and see how you can realign your finances to come up with huge solutions. For example, you can pay off accumulated credit card debt by borrowing insurance policy or from a lending company.
4. Get out of debt.
Pay off any huge outstanding high interest debts.
5. Recycle and resell.
Hold a garage sale for your unneeded clothes and home stuff.
6. Earn extra income from something you love to do.
Indulge your creativity by making accessories, writing articles or anything that yields money.
7. Use credit card wisely.
Leave no balance unpaid during the due date.
Tip: Avoid the mañana habit in saving and investing. Deduct from the budget your monthly savings before paying others. In short, pay yourself first.