Saturday, October 30, 2010

Finance Article

I found this article whilst perusing the internet, and thought it had some really fun, semi-easy finance tips. I know, I know, whenever we hear "finance tips" or "ways to save more," we zone out because those words are a little too common.

Click here for the article. Otherwise, continue reading for a summary.

One woman realized that her spending habits were less than healthy, and she decided to go on a total spending-fast (as in "doing without," not "quickly"). She cut out all non-necessity costs, such as eating out, and clothes shopping. She figured out some skills she had, like sewing and painting, and started selling some of her products for extra cash. She budgeted her grocery bill and started using more of her canned food, which is something a lot of us with food storage could really learn from.

"How on Earth did she go without clothes shopping?!" you may ask. There are a few things that can lengthen the life of your clothes that cost a lot less than buying new stuff. If you have a stained top that you once loved, dye it with fabric dye! Do your husband's (or yours or your children's) jeans have a big hole in the knee? Cut them into shorts or use the deemed unusable fabric for quilting or as rags for cleaning. I won't even get started on the wonders a simple needle and thread can do - or a sewing machine for those fortunate enough to have one.

Some other money methods in the article are saving spare change, selling things on craiglslist.com or etsy.com, and coming up with a savings plan or some financial goals for the future. All of these things are really great and effective if you stick to it.

Each sister has something to offer her community. Trading services and goods with each other could be really helpful to someone who needs it. Some of us have very handy, capable families that could also get involved.

Please share any financial tips that have worked for your family, along with any services you might be willing to offer someone who needs it!

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