There are many "Financial Gurus" these days offering financial advice on television, in financial papers and magazines, and even on the Internet.
But have you noticed that the advice is generally for people who don't really need to worry much about expenses? What about people who do not have enough means to get by? How do they live on what little they earn? There could be various reasons for you not earning much money.
Unemployment, for instance, is one of the most common reasons.
The best solution in this situation is to look for a job and get one.
You could, however, be a victim of unavoidable circumstances that might prevent you from getting a job.
For instance, you are an invalid or suffering from a condition that prevents you from taking up employment.
In case you do have a job, it's possible that the job is a low paying one.
If you are a single parent, you might not be able to take up a higher paying job due to time constraints.
Therefore, the only solution is to get by with what you earn.
You must budget yourself to spend money on necessary and affordable items.
Ensure that you do not overdraw from the bank and keep a close eye on your bank account.
There are very high fees associated with overdrawing and if you incur them, you could defeat the whole purpose of trying to save money in any way you can.
Remember, you must first buy all necessary items and not any luxuries.
Try to look for cheaper vegetables and other inexpensive healthy food items.
It will serve you well to buy these rather than expensive and fancy food items.
One of the best ways to save money is to buy generic brand products from local discount stores or the grocery stores.
Generic brands are often much cheaper than the better-known products but offer the same quality.
Other than the above mentioned solutions, the best solution is to always save as much as you can.
Even if you are able to save the minimum possible amount, this amount will eventually grow and can therefore be kept aside for emergencies.
It is advisable to avoid credit as much as you can.
It is always in your best interest if you do not take on any loans.
Debts only add to your burden and can sometimes become impossible to manage.
There are many "Financial Gurus" these days offering financial advice on television, in financial papers and magazines, and even on the Internet.
But have you noticed that the advice is generally for people who don't really need to worry much about expenses? What about people who do not have enough means to get by? How do they live on what little they earn? There could be various reasons for you not earning much money.
Unemployment, for instance, is one of the most common reasons.
The best solution in this situation is to look for a job and get one.
You could, however, be a victim of unavoidable circumstances that might prevent you from getting a job.
For instance, you are an invalid or suffering from a condition that prevents you from taking up employment.
In case you do have a job, it's possible that the job is a low paying one.
If you are a single parent, you might not be able to take up a higher paying job due to time constraints.
Therefore, the only solution is to get by with what you earn.
You must budget yourself to spend money on necessary and affordable items.
Ensure that you do not overdraw from the bank and keep a close eye on your bank account.
There are very high fees associated with overdrawing and if you incur them, you could defeat the whole purpose of trying to save money in any way you can.
Remember, you must first buy all necessary items and not any luxuries.
Try to look for cheaper vegetables and other inexpensive healthy food items.
It will serve you well to buy these rather than expensive and fancy food items.
One of the best ways to save money is to buy generic brand products from local discount stores or the grocery stores.
Generic brands are often much cheaper than the better-known products but offer the same quality.
Other than the above mentioned solutions, the best solution is to always save as much as you can.
Even if you are able to save the minimum possible amount, this amount will eventually grow and can therefore be kept aside for emergencies.
It is advisable to avoid credit as much as you can.
It is always in your best interest if you do not take on any loans.
Debts only add to your burden and can sometimes become impossible to manage.