Coloradoru - Finance Blog

With the increasing amount of news stories about debt and peoples money problems, never has there been a better time to look at your own finances and make some changes. There's always ways you can save money and depending how serious you get, you could save an absolute fortune.

1) Stop smoking. Its easy for me to sit here and write about how important it is stop smoking, having never actually smoked, but the financial implications are clear. If you stop, you will save thousands every year, you don't require the wildest imagination in the world to dream up ways of spending that kind of disposable income. Its not the savings you make on cigarettes though, you will also save money on products like life insurance and travel insurance as you will be less of a risk. There's lots of ways to quit smoking and although it could be a hard road ahead, it will be well worth it when you see the extra pennies in your account.

2) Get yourself a budget planner. Budgeting is an effective way of planning your expenditure and by planning your costs, you are less likely to exceed them. You don't require some fancy piece of application to plan your expenditure, nice elderly pen and paper will suffice.

4) Stay away from payday loans. Payday loans might seem like a great idea as well as a suitable short term plan but the interest rates are extortionate. If you can help it, stay away from them unless you absolutely require fast money and if you do require to borrow, pay it back as soon as you possibly can.

3) Haggle. All right, you probably are not going to get much joy out of the giant supermarket chains, but if you buy clothes from smaller boutique type places, ask for money off. It can be a tiny intimidating at first but the truth is, business owners will love a tiny haggling and will have come to expect it.

5) Reduce waste. They all throw away more waste than they ought to do, whether its some bad apples or a piece of meat that is gone off. With some careful planning and forethought they can eliminate most of this waste and ultimately save some money.