King bell
VIP Contributor
To make your money go further, you need to compare your budget against your income. Once you identify where the money goes, and what's not adding any value, you'll be able to implement solutions that will save you and your family money.
The following guide will show you how to make your money go further by cutting costs in the following areas: Transportation, food, housing, health care and debt repayment. Following these steps will help protect against financial insecurity.
1. Transportation
When you buy a brand new vehicle, you're paying for style and luxury. This doesn't come cheap. Make sure to compare the cost of your vehicle with the price of a newer model. If your car is more than 8 years old and it's gas efficient, you're saving money by not driving an older model that is more expensive to run.
2. Food
Do you ever stop to think about how much money goes towards buying food? At home, many people are buying food that they don't need or prepare at home. When making meals at home, keep in mind the quantity of ingredients and do comparison shopping to find out which options make you save money.
3. Housing
It's always a good idea to keep an eye on the cost of your housing and see if you can lower it. You might need to move closer to work, and that will be more expensive than living farther away or buying a smaller house.
4. Health care
Research the costs associated with health care before you start making payments on any debt, or think about attending school or training program. This can be useful when establishing budgeting habits, planning future goals, and financial planning for retirement.
The following guide will show you how to make your money go further by cutting costs in the following areas: Transportation, food, housing, health care and debt repayment. Following these steps will help protect against financial insecurity.
1. Transportation
When you buy a brand new vehicle, you're paying for style and luxury. This doesn't come cheap. Make sure to compare the cost of your vehicle with the price of a newer model. If your car is more than 8 years old and it's gas efficient, you're saving money by not driving an older model that is more expensive to run.
2. Food
Do you ever stop to think about how much money goes towards buying food? At home, many people are buying food that they don't need or prepare at home. When making meals at home, keep in mind the quantity of ingredients and do comparison shopping to find out which options make you save money.
3. Housing
It's always a good idea to keep an eye on the cost of your housing and see if you can lower it. You might need to move closer to work, and that will be more expensive than living farther away or buying a smaller house.
4. Health care
Research the costs associated with health care before you start making payments on any debt, or think about attending school or training program. This can be useful when establishing budgeting habits, planning future goals, and financial planning for retirement.
