The unfortunate truth is a very large number of people live paycheck to paycheck. Unless you happen to be in the small class of individuals who aren’t concerned with saving money because you have an endless supply of it, chances are pretty good you would benefit from learning how to stretch the dollar a little further.
Energy deregulation is slowly becoming more and more popular. The question is – do you benefit financially from it? The short answer is: yes, the deregulation of energy is going to save you money by lowering your energy-related bills. It offers a tremendous opportunity to individuals who need to stretch their dollar further by educating them about the different energy choices that are available.
It is certainly in your best interest to take time to learn more about the deregulation of energy if you are looking to make your paycheck go further. This just means that if you are in Alberta, for example, you should check out a site that can give you more information on your energy choices.
Don’t Spend Too Much
When it comes to family financial planning, one of the most important things for you to remember is to not spend more money than you earn. You have to sit down and figure out what is a necessity in your life. Instead of spending money on anything and everything you want, try paying the essentials and then putting the rest of your money up.
Save Your Money By Starting Different Funds
Fortunately, there are a number of different ways for you to save money. You may want to consider dividing the rest of your money up and putting some of it up for spending and some of it up for saving. Then, if there is something you really want to buy, you just use the spending fund you have. You could even start a gift giving fund, vacation fund, or any other type of fund you may need. The key is to make sure you only spend the money in the fund on what it was intended to be for.
Always Pay In Cash
If you have the option to pay in cash, pay in cash. Then, you find a spot in your home to stash all of your change. You pay with cash, you put all of your loose change in your change stash every week, and then you do not take anything back out of the change you are saving.
Ideally, you should pick a date such as a year or two years from the time you started saving change. When that date arrives, you cash in all the change and see what you ended up saving. You may be surprised by just how much money you were able to accumulate just by hanging on to the change.
Increase Your Income
The typical advice for stretching your dollar is to spend less than you make that year. That advice, however, isn’t always very helpful. Instead, you could try looking for an additional source of income. You could try a temporary job, a second part-time job, you could have a yard sale, you could browse thrift stores for items you could sell online for a profit, or you could explore work from home opportunities.
As you can see, there are plenty of options for stretching your dollar. With these tips, you can make your paycheck go further and stop feeling like you are broke all of the time.