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Changing You Spending Habits
By: Mary Williams iSnare Expert Author
It is every one dream being a millionaire and retiring with a healthy bank
account, but how many people can actually achieve it? So few. This is largely
due to lack of discipline in building up their retirement fund and poor spending
habits. While building a retirement fund requires time, you can accelerate the
process by making incremental but positive changes in your spending habits. Here
are seven ways that you can change your daily lifestyle for more positive
results in your spending habits:
1. Have you ever noticed how much time you spend sitting in front of the
television? The longer you sit, the worse it is for your blood circulation.
Besides, the time you free up can be used for more useful tasks such as teaching
your kids or learning a new skill.
2. If you are an avid reader, use the public library whenever possible. There is
no need to buy the latest books from bookstores like Borders unless it is in a
category that does not fit into a public library. The public library will
usually acquire popular titles after some times. Learn to be patient.
3. If you are a smoker, start reducing the number of cigarettes you smoke each
day. Over time, you may be able to quit smoking completely. Besides saving money
by not buying any more cigarettes, your health will also improve and this means
a huge saving in your medical bills.
4. Use a bicycle if the destination is within 30 minutes by car. This helps
promote blood circulation in your body and also reduces environmental pollution.
You can also save on gasoline and parking fees.
5. Dine at home more frequently. You can experiment with different recipes and
save some money at the same time. In addition, you are honing your cooking
skills and this could be very useful for the home dining experience.
6. Bring your own coffee to office. Many people like to drop by a Starbucks or
similar coffee outlet and end up spending a few dollars or more on a cup of
coffee. You can potentially save many dollars each week just by making your own
coffee at home and bringing it to your work place in a Thermos. Besides, who
knows, it may taste better than the coffee from Starbucks! If you really cannot
live without Starbucks coffee, consider getting a Starbucks rebate card. You can
use the rebates to redeem free Starbucks coffee after you have accumulated
enough points.
7. Do more walking than driving. If you can reach your destination within ten
minutes by car, consider leaving the car behind and walk instead. You will save
money on gasoline and parking fees. This can easily add up to a few thousand
dollars a year.
These seven ways are a good start for changing unhealthy spending habits.
However, you should continue to research and incorporate more healthy habits
that contribute to the building of your retirement fund. By re-investing the
money saved from using these tips, you will be many steps ahead of your peers
and closer to your retirement goals.
About the Author:
Mary Williams maintains many websites about
billing, including Billing And Coding, Billing At Home, and
Medical Billing Companies. |