The 11 Best Money Saving Ideas of All Time - Part 1

At any time in history, no matter what the current state of the economy, no matter what the current trends, no matter what the unemployment rate is or where interest rates lurk, some money-saving ideas stay true.

Some of you may have heard of these ideas before, others may be entirely new to you. But whether you are familiar with these super secrets or not, it will be well worth your while to put them into effect in your own life. The magic they will work on your financial life is guaranteed. I urge you to put them to work - any one of these could change your life! Big changes come from small steps. One plus one does equal two, so if you add one from eleven different places, you will see big results.

This is a four part series giving you advice on saving your hard-earned money in a variety of down-to-earth ways. Nothing here is anything that anyone can't do on a daily basis.

Amazing Money Tip #1:

The great scientist Albert Einstein once said, "It takes a genius to see the obvious." What he meant by that is that sometimes the simplest things in life are the most powerful ... but because they are so simple, we tend to ignore them, and not let them work for us.

One of the simplest but most powerful money making ideas is this: keep a daily log of everything you spend. Go to the dollar store and buy a little notebook and carry it with you wherever you go. Write down every penny - every single penny - you spend. It's as simple as that.

If you do this, you will find something magic happening in your financial life in just a few weeks.

There is something incredibly powerful about writing down all your expenditures. It makes the flow of money through your life more real and exact. It shows you simply and clearly just where you are spending your money, on what and why. Once you know that, it becomes much easier to control your spending.

Many people who have taken up this practice have not only learned something about themselves which they never knew before, but they are often astounded.

For example, a person could realized through examining their notebook that they actually spent nearly $2,000 throughout the year on diet soft drinks, snacks and candy bars! Since their job only brings in $25,000 per year, they realized that 8% of their entire income was being frittered away on something entirely frivolous. The person gave up the snacks and drinks, and found they had enough money to go on vacation the following year. If you had the choice between snacks or a much needed vacation, which would you choose?

The point is, it was their daily expense log that helped achieve the insight and clarity they needed to get control of their finances. That's what a simple spending record will do for you - it will give you control over your spending, and thus your financial life. There may be nothing but a 75-cent notebook and a ballpoint pen between your life of financial struggle and financial freedom.

Amazing Money Tip #2:

Stop deficit spending! We all know how much trouble Uncle Sam has been creating spending more money than our country takes in. It's called deficit spending. Well, don't fool yourself. The same rules apply to you. Using those evil little plastic cards may be the "American Way," but it's a darn poor way.

Today, the average credit card holder is carrying $8,000 in plastic debt!

Spending yourself into debt with a credit card is unbelievably easy, as many of you already know. The reason is psychological. When you give that clerk a credit card, it's just not the same as handing over a stack of green dollar bills. Would you as readily hand over a fistful of ten dollar bills as flip a credit card across a counter? Probably not.

Credit cards put you in the hole and keep you there. Even for people with good incomes, paying your credit card debt down to zero is amazingly difficult. And make no bones about it, credit card debt will sap your financial strength just as readily as an open vein will deplete your physical body of its very life force. Using a credit card by choice can quickly turn to using it for need. Once you get to that point, you are already in trouble.

There is no secret to freeing yourself from the credit card game. You must take out a pair of scissors today, cut your cards in half, and begin paying them back, slowly but surely. Be sure to always pay more than the minimum amount due, even if it is just $10 more. Once you stop adding to the debt, even small payments will eventually add up. You can get out of debt if you are patient and disciplined. Once your cards are history, you must adopt a strict pay-as- you go policy. Instead of buying now and paying later, save now and buy when you have the full amount.

Once again, this is not rocket science, but stopping credit- oriented consuming is one of the most powerful financial tools available to anyone today. Why not pick up this tool and use it?

Amazing Money Tip #3:

Sell your junk. That's right, it's high past time for a major yard sale. Search through your house or apartment for every single item you don't need, and could sell at a flea market or yard sale.

Take an inventory. The truth is, most people are astounded by what they own - and how much money they have tied up in useless stuff. Why let it collect dust in your attic while it could collect interest in a savings account.

You could easily be $500, $1,000 ... even $3,000 richer by the end of the week. As an added bonus, you'd have your place cleaned up, and you will have a fresh feeling of starting over. A garage sale is an excellent way to not only clean out your house, but it often gives a psychological boost that helps people get control of their life and money.

The next of the 11 best money saving ideas of all time will be discussed in part 2. Until then, take note of what you have learned so far and put this information to good use. Read and reread this article; I bet you will notice a difference sooner than you think.

Copyright © by Palyn Peterson

About The Author

Get the very same internet marketing techniques that many "guru's" are asking you $200 for -- FREE. Discover 24 necessary techniques. You'll also receive a free $gift$. http://FutureInternetMarketing.com/guide.htm; marketing.com">palyn@futureinternetmarketing.com

Stop Losing Thousands of Dollars Every Day: Six Tips For Creating Wealth

We all go to school for about twelve years, kindergarten through high school. Some of... Read More

The Mathematical Formula For Making Money

No matter what markets you serve; what products you sell; or what marketing tools... Read More

The TRAP Behind Websites With INSTANT Searches for Unclaimed Money

There is no questioning that the amount of unclaimed money or property being held by... Read More

Principles to Ensure a Fantastic Financial Finish

Most people want to get to the end of their lives and be able to... Read More

How To Be the Ultimate American Consumer

Feel like a lemming lately? Ready to follow the crowd into the great plunge of... Read More

The Morphing of Thought and Cash

Here are some thoughts about the morphing of thought and cash. What do I mean... Read More

Finding Financial Freedom

Do you ever get this in your email box: Find Financial Freedom! Make $150,000 from... Read More

The Philosophers Stone

"If you know how to spend less than you get, you have the philosopher's stone"... Read More

Why Get Rich When You Can Be Wealthy?

"Any fool can rich, the wise get wealthy." Chris WidenerGetting rich is the main goal... Read More

The Three Step Plan To Prosperity

You have $100 in your bank account, your rent is past due, your creditors are... Read More

You Deserve To Retire Early

The fact is that most people continue to work for a living, because they don't... Read More

16 Mantras for Building Financial Wealth

Everyone wants to be wealthy, but most of us do not have anyone to guide... Read More

Wealth Creation and Mortgage Planning - Two Great Tastes that Taste Great Together

What if I were to tell you that almost everything you have been told about... Read More

Could a Roth IRA be Better Than a 401(k)?

Very few people whom I know are familiar with the benefits of the Roth IRA.... Read More

Want Money? You Got It!

Six out of six people who were asked to list their highest priority in life... Read More

Build Wealth From Home

As you sit in traffic, inching along between irate drivers, you think to yourself, "there... Read More

Why do Some People Rake in the Dough while Others Spin Their Wheels to No Avail?

Here's the truth: I have read hundreds and hundreds of books about... Read More

My Ambitious Niche - A Completely NEW Way To Find Ambitious Wealth

Turn to the year 1999, a couple of friends sitting on a deck drinking beer... Read More

6 Proven Wealth Building Strategies

Building wealth is as simple as saving a little bit here and a little bit... Read More

Getting An Offshore Bank Account Via The Internet

There is no need to use the many middleman websites you will find via a... Read More

Increase Your Business with a New Old Method: Vaastu Shastra

Whether an established conglomerate or a fledgling company, a business in the red or black,... Read More

Top 7 Ways To Get Rich

Want to be one of the lucky ones on the road to riches, want to... Read More

The Predicament of the Newly Rich

They are the object of thinly disguised envy. They are the raw materials of vulgar... Read More

Who Wants To be A Millionaire?

How many people search Google, Yahoo and MSN each day for the terms - make... Read More

You Can`t Cheat An Honest Man

Author: James Walsh ISBN: 1563431696: Publisher: Silver Lake PublishingIn 1903 Charles Ponzi arrived in... Read More

Simple Strategies to Making Financial Gain

Now is a great time to make it a habit to manage your resources instead... Read More

Building Wealth: A Wealth Building Strategy Is More Than Simply Diversifying Your Investments

Wealth - an abundance of values. Each of us determines what is or is not... Read More

How to Make More Money

When I was a student in London, I had a part-time job working in a... Read More

The One Important Secret of Making More Money Easily

If you're reading this article, it means you are a person who wants to make... Read More

The Financial Equation that Will Set You Free!

I have a good friend who works in an area of the US that has... Read More

Generate Savings with Smart Use of Electricity!

No matter what income level you are currently at, generating savings is always a smart... Read More

Trustees: Who Can You Trust?

Early in my legal career I represented two young women in their early 20s.Their mother... Read More

10 Ways to Save $50 Per Month: The Art of Pinching a Penny Until It Screams

1. Save up to 50% per month on convenience cleaner cloths by cutting them into... Read More

Turn That Fixed Rate Mortgage Into A Goldmine

When you purchased your home, you most likely got a fixed interest rate mortgage with... Read More

What it Means to be Rich

Many people have a false understanding of what it actually means to be rich. If... Read More

Investment Techniques For Creating Passive Income

There are many wealth creation strategies and investment techniques available to those who are looking... Read More

Turbocharged Financial Planning

Financial planning is an ongoing process individuals and businesses should implement by organizing all aspects... Read More

Before There Was Wall Street, There Was Gold.. & when Wall Street is gone, there will still be Gold

Paper burns and large companies can go bankrupt, but if you want a piece of... Read More

Early Retirement The Dream of the Working Classes

Everyone dreams of early retirement. The idea of no longer having to work at an... Read More

10 Ways To Find The Money Hiding In Your Paycheck

No matter how tight things are financially for you; no matter how bleak you think... Read More

Methods Of Raising Instant Cash

The inability to come up with the necessary cash when suddenly presented with a "can't... Read More

Use Feng Shui Coins To Increase Your Income

Feng shui coins can allow you, among other things, to increase your income. By keeping... Read More

Surefire Ways to Attain Moneymaking Success

You have probably heard other people say that "Money isn't everything" or "Money can't buy... Read More

Still Using Federal Reserve Notes?(How to Beat Inflation)

"My people are destroyed for lack of knowledge." Hosea 4:6 This short article will address... Read More

Business Ownership, Cash in Your Pocket - Today!

Yesterday we learned that 74% of all wealth is created by people who own their... Read More

Jobless? You Stand To Be Rich!

This is a true story about a homeless man from Illinois. This man slept in... Read More

The Top 10 Steps to Becoming a Millionaire

There is perhaps no more important decision than to take charge of your own financial... Read More

Residual Income - Part Three Finding Leaders

In my last article on Creating Residual Income I mentioned that employees are a pain.That... Read More

Who Will Become Wealthy in the Information Age?

As you know, we're now well and truly in theInformation Age. It began about 10... Read More

5 Easy Ways to Save and Build Wealth

1. Pay off high-cost debt. The best investment most borrowers can make is to pay... Read More