Save Money by Creating a Budget Plan

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Do you go shop at the supermarket, pump gas into your vehicle every week, or pay your bills without knowing how much money you intend to spend? You will save money by creating a budget for every category of spending that comes from your household.

Example budget categories include:

  • Grocery budget - For food, multivitamins, pet care
  • Toiletry budget - For toilet paper, paper towels, cotton swabs, etc.
  • Fuel budget - Control how many miles you drive per week to come up with a feasible budget
  • Budget for discretionary spending - Do you really need those cell phone plan extras, a home phone when all your family members have cell phones, or those premium cable TV channels?
Having a daily/weekly/monthly budget set will ensure that you are getting the most out of your hard-earned money and being frugal with the items you do own. Learn how to get the most out of common household items with these frugality tips.

2 comments:

Tracie said...

For a number of reasons todays western culture makes it harder then ever for people to maintain financial self control... unplanned expense can be upsetting and if you haven't accounted for them, it can be pretty startling. We must therefore have a particular strategy of creating budget plans according to our individual needs.Get more information on budget planning on http://www.habitchanger.com/

September 2, 2009 at 1:24 PM
paula said...

I truly agree that carefully crafted budget plan helps in avoiding any financial pitfalls.. Here is program which helps you get a better handle on your money allowing you to experience more freedom than you have had before. Money management help

October 14, 2009 at 8:45 AM

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