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9 Tips on Spending and Saving Money

“Show me the money, Jerry.”

It’s probably one of the most repeated lines from the movie Jerry McGurir. And it’s why we get up and go to work everyday.  We want to see the money. But more importantly, we want to keep the money.


Here’s 9 spending and saving tips.

  1. Prioritize long term goals – Saving for retirement should come befor e setting aside money for children’s college costs.
  2. Get on the same page as your  significant other – When you go over the bills and budget together you won’t squabble about money as much
  3. Be patient – Save, save and save.  Save until you have the cash for that car, t.v., vacation or home theater system.
  4. Balance your checking account – This helps you start, monitor nand stick with a budget.
  5. Keep savings and checking accounts at diffent banks-What you don’t see can’t hurt you.  This way when you log onto your more common checking accounts, you won’t see the money you have in savings.  This will decrease the temptation to withdraw this money.
  6. Issue yourself an envelope filled with your monthly fun money – When that cash is gone, it’s gone. Wait until next month to spend on anymore fun stuff.
  7. Have an emergency fund – This is your parachute when the unexpected happens. The loss of a job, car breakdown, or medical condition.  These all add up quickly and it’s easier to deal with them when you have the money to pay for them.
  8. Communicate with your banker or lender – As you chip away at reducing your debt, questions will arise. Sometimes lenders and bankers will agree to better rates& cut some fees if asked.
  9. Embrace the power of cash – There’s nothing like have a wad of cash in your pocket.  It affects your attitude, makes you feel more confident and lessens your worries. Cash also gives you leverage to negotiate discounts and it’s harder to spend cash than swipe a card.  I suppose because you can watch it dwindle.

About Fortyman

I didn't think 40 would happen that fast & I don't think most people do. Now I'm 44, a husband, father & soon to be grandpa. But I'm only 44 so I'm still chasing my dreams, living healthy & fit, & making the most out of life. 40 Man was created to help & inspire men to never give up on anything & make the most out of every aspect of life. Live limitless.

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