EARN MORE OR SPEND LESS?
While we are all interested in growing our bank account, we often forget that there are two ways of doing so:
1- Increase revenues: start working, get a second job, get a new job that pays more, get a promotion, invest on the stock market...
2- Decrease expense: buy groceries from low-cost places, lower your bills...
WHAT DO YOU REALLY CONTROL?
If increasing revenues is the first option that comes to people's mind, it's actually the least controllable one. Indeed, do you really control when you're going to be promoted or how much you are going to make if you get a new job?
On the other hand, decreasing your day-to-day expense is your own choice. You fully control how much money goes out of your bank account (except for long-term debts like mortgages and other loans). If you decide you want to stop paying for this TV streaming service, you can just discontinue your subscription.
So it's really up to you to find the right balance between cutting on your spending and keeping the quality of life you need/want/like.
Now keep in mind that the money you save now will most likely improve your quality of life in the future.
PURPOSE OF THIS BLOG
This blog is meant to provide tips on how to save money by decreasing the usual expense most households have to deal with: cell phone bill, cable bill, internet bill, car insurance...
Feel free to add comments, feedback or any ideas that you would have.
While we are all interested in growing our bank account, we often forget that there are two ways of doing so:
1- Increase revenues: start working, get a second job, get a new job that pays more, get a promotion, invest on the stock market...
2- Decrease expense: buy groceries from low-cost places, lower your bills...
WHAT DO YOU REALLY CONTROL?
If increasing revenues is the first option that comes to people's mind, it's actually the least controllable one. Indeed, do you really control when you're going to be promoted or how much you are going to make if you get a new job?
On the other hand, decreasing your day-to-day expense is your own choice. You fully control how much money goes out of your bank account (except for long-term debts like mortgages and other loans). If you decide you want to stop paying for this TV streaming service, you can just discontinue your subscription.
So it's really up to you to find the right balance between cutting on your spending and keeping the quality of life you need/want/like.
Now keep in mind that the money you save now will most likely improve your quality of life in the future.
PURPOSE OF THIS BLOG
This blog is meant to provide tips on how to save money by decreasing the usual expense most households have to deal with: cell phone bill, cable bill, internet bill, car insurance...
Feel free to add comments, feedback or any ideas that you would have.