Written by: Stephanie King
While the economy continues to look like it’s harder and harder to recover from it shambles, looking for ways to save money is the only way to turn. As commercial products and services increase in price, the income levels seem to stay the same. Companies are cutting jobs and giving salary cuts.
Here are some tips on saving money in these tough times:
Here are some tips on saving money in these tough times:
· Create your own personal cash flow statement
As for most people, the paycheck amount stays the same regardless of hours worked based on salary workers. For this reason, we know how much money we have and keeping a list of expenses and purchases made will help determine if there have been any unnecessary purchases made.
· Keep debt as low as possible
Using your cash flow statement to determine which expenses can be used using a credit card and limit the uses. Use your income to make big purchases and use the credit card for minor purchases which will reduce your monthly payments.
· Always try to do your best work at your job
As more and more companies are cutting jobs and giving salary cuts, it is extr4emely important now more than ever to insure that the company knows how good of an asset you are to the company. If the company knows you are doing the best job and are indispensible to the company, it will be much harder for them to want to get rid of you.
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