Money Tight? Try These Tips!

By Toyin Akindele

Our country is now go¬ing through the recession, and we might want to cut down on our expenses. There may have been times when you have purchased some¬thing that is not necessary or times you've bought things just because of its brand name or because your peers have it, so you think that, you must have it too. It might have been a brand new Nike or DC shoe that just came out in stores; you already have lots of shoes but you decide to buy the brand new one just because it just came out. That shoe will also get old just like the other shoes you bought when they first came out, won't they?
Emily Richardson said, "I need to cut down on my expenses since the economy is bad now." Jamie Conrad also said, "we're definitely in a recession." There are ways you can save money just by eliminating small things that you may not even realize you are paying so much for.
-Open a savings account if you don't already have one. It is an easy way to manage your money.
-You can lower your personal expenses like clothes, shoes, jewelry, and so forth by shopping
cautiously. Know the price of what you're buying before paying for it.
-Just because an item is on sale doesn't necessarily mean you should purchase it. If you won't use it, don't buy it.
-Don't buy something just because it looks good. Before buying it, ask yourself, "Is this necessary?"
-Keep track of your calling minutes to make sure you don't go over your allotted time. Also if you don't have unlimited texting, keep track of your texting so you don't go over your limited texting.
-When going grocery shopping, make a list of things you really need so you won't buy things un¬necessarily.
-Is it necessary to buy designer labels? Just because you see a celebrity wearing a designer clothes, you also want to buy it. Let's face it, you may only wear the outfit once. Can you honestly say you can tell the difference between a $200 bag and a $9.99 one from a store?
-Pay your bills on time. That's if you your pay own bills. If you don't pay your bills on time, your overall expenses will increases, so you're paying more than you should.

By Jennifer Partridge |  March 10, 2009; 7:40 PM ET
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