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Friday 29 April 2011

Saving Money versus Making Money

what is better? [WEALTH] = [WHAT YOU EARN] – [WHAT YOU SPEND]


Spending money and making money go hand in hand. A family with a $200,000 income can be less wealthy then a family with a $50,000 income that watch there spending habits. You can be more wealthy by looking at your spending habits.The act of tracking your spending makes you more aware of your money habits. The key is to track everything, even the $2 you spend on coffee every morning.


Once you understand your spending habits take a look at what you really need or if you can save by changing suppliers . Take a look at your cell phone and house phone supplier. car insurance and house insurance supplier also reducing electricity consumption are all really easy ways to save money.  Making my own coffee in the morning has saved me 2 dollars a day times 30 days a month equal to 60 bucks a month.


frugal tendencies help everyone — both those with high incomes and those with low incomes.



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