Save 1/3 Spend 1/3 and Enjoy 1/3 of your Money

Welcome all ,

This month I aim to give some tips on how to make the tough time ahead not seem so bad.

We all hear the news and it seems to contain endless stream of bad and negative energy.

You still need to keep abreast of what is going on, but to remember not to keep thinking of all the bad news. Bad news is what sells so it is always going to grab the head lines.

This post is going to concentrate on how to make ends meet and to save a little more for a rainy day. I am always telling my kids a golden rule that I follow, save 1/3 , spend 1/3 ( bills/rent), enjoy a 1/3 ( entertainment, presents etc)

Tip on How to Save More Money( you will be glad you did)


1. First make the decision that you do want to save a little more and commit.
2. Pay your self first i.e. put the amount you have decided that you can comfortable save away in another account or if you prefer in an evelop at home ( but be sure not to dip into it).
3. Set your self a achieveable goal , perhap you are saving for a deposit on a house, new car , rainy day, set a target and visualise that you have already achieved it.
4. Imagine what it would be like to have that deposit for your house, money for your car, money for that dreamed of family holiday. Keep this dream alive as this will motivate you to save and keep your commitment to your self and goal.

Next tips on on how to save some money as the tips above are about you deciding and goal setting.
5. work out how much you your income (after tax) and expenses and note down the difference.
This is the amount you have left for entertainment and saving.
6. work out your current entertainment expenses. Is this amount more or less than the amount left in step 5? Can you cut down on some things ?.
Ways to save more

7. Can you take your lunch to work. there is a potential to save at least $10.00 - $15.00 per day if you pack your own. Allow yourself a treat every now and then especially if you are achieving your goal.
8. Do you really need to buy expensive brand names when shopping for food. Can you do your shopping at times when there are more specials on? (e.g reduced meat prices).
9.Are you crafty, can you make some of your gifts/cards? It's nicer to give a hand made item.
Do you reuse your present bags and wrapping ? potential to save lots of $$$, just by reusing wrapping paper and bags while saving on resourses.
10. Can you plan your trips so you are not making un neccessary trips to the shops.
11. If paying a mortgage off , pay weekly, compound interest saving adds up over the years and can save you years of payments. Pay more than you have to and reap the rewards in early repyment.
12. Do you recycle your clothes? Do you look in recycled cloths stores when you need something?
This is the latest growing trend, people are turning to these kinds of stores for more and more items from furniture, toys and clothing. Not only do you save money, but you are recyling and saving resourses.
13. Last tip- Teach your kids to save from a young age- the early the better - they will thank you for it.

In the end it is up to you to make the decision and to commit and follow through with it. It will be you who benefits the most and you may even find it leads you to other paths.

There is nothing better than to be free to make your own decisions and you can only do this if you have no pressure from being under to much debt and the only way to minimise your debt is to decide to save more. This does not mean you will become a miser, but a wiser shopper and in control of your financial future.

Here to your financial success and hopefully i have provided some useful tips. Keep posted for more tips as I think of them.

What do you think? Have you got any money saving tips that will help other people. Please comment.