3 of 11

Write now Article Tools

Page 2 of 2

returnable for some time after purchase if they do not meet the standards that they were sold to the customer as having. Therefore the insurance would be a waste of money, as would be the special cleaner that probably is made from an ingredient that you can buy much cheaper elsewhere.

There will also be many other occassions that will arise when it is crucial that you read the small print, other than on a purchase agreement.

This is applicable whenever you agree to any type of financial arrangement. You need to always check out what you are financially liable to pay for and whos responsibility it it to pay for future services. The agreements I speak of may be anything from a tenancy agreement when you go to rent a flat to house insurance.

Budget.

Have a look at your personal financial situation, if necessary with a financial advisor. Discover what your incoming money really is and what your outgoing money actually is. Once you are clear about what you need to earn to cover all of your basic costs you can see if there is any money left over for anything else.

If there is any money that is usually unintentionally frittered away by you then you may consider placing that amount each week into a high interest savings account. Doing so will make you far more financially secure than letting it slip through your fingers each week. Even if it is only a small amount that you place into the account each time it will grow and provide you with a financial cushion should times get rough or you find yourself with extra needs later on.

Shop wisely.

Whether you are seeking a service provider, a new dress or a vacuum cleaner be sure to shop around to find yourself the very best deal on offer. Sometimes the best prices to be found will be online. At other times they may be during sales, or simply in larger stores who can afford to provide the customer with a lower price to pay for goods.

Limit your recreational expenses to suit your budget.

There may well be times when it is tempting to spend more than you really should on social outings and fun activities. Sometimes we all probably feel like we need to reward ourselves for having worked hard or to just spend more to keep up with how our social companions are spending while with us.

The best philosophy that you can adopt here is to remember that if others are irresponsible with their money then you dont need to follow suit and join them. Likewise, if they simply have more money than you to splash around then good for them. That's their choice, but your choice should be to keep your head above financial swamp water and to be proud of stying afloat by making good decisions.

If necessary try to limit going out where you are likely to spend money to only certain occassions or a particular number of times a month. You may even find it fun to take a leaf out our forefathers books and take up activities which cost very little.

Learn more about this author, Bridget Webber.
Click here to send this author comments or questions.

• << previous page
• 1
• 2

Add your voice

Know something about Staying debt free?
We want to hear your view. Write now!