Expense #6: Other
Similar to entertainment, the other "stuff" category can vary greatly in what expense you are cutting back. It could be music equipment, car washes, computer games, anything. Take a hard look at your expenses and figure out one other thing you can give up. Try to make it something significant. Say something you spend between $25 and $100 on a month. True this is a sacrifice. Maybe there isn't anything you can think of, but there probably is if you are honest with yourself. If you can't come up with one single type of item, maybe it's impulse buying. Maybe at least once a month, when you go to buy something on impulse, you force yourself not to do it. So think hard on what "other stuff" you can save. Then stick to it.
Another way to save money is to use coupons. Sometimes buying the Sunday paper and clipping the coupons can be a good investment of a couple of dollars. If you are an organized person you can save a considerable amount each week using coupons. Some people really get into coupons. Cutting coupons becomes a hobby to them. They create folders of all their coupons, read blogs, and just really get into it. Coupons may sound boring, but they are a great way to save money on a consistent basis. Like most everything we discuss here, it takes hard work and discipline.
One real key to all of these money saving steps is to try and make it fun. Try and make it a game. Make saving money and getting out of debt "your thing". It's a goal, a challenge, something that makes you different. Try to get to the point where you get as jazzed about saving $30 as to get about spending $30. This will make it easier and life as a money saver more enjoyable.
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#1: Renegotiate debt, consolidate debt, and settle
Pay off your credit card
3) Get some emergency savings
4) Start investing in 401k plan or IRA
5) Pay off other debt
6) Invest conservatively
Financial Mistakes to Avoid
Holding Loser Investments and Stocks
Not saving for Retirement
Interest Only Home Mortgages
Cash Value Life Insurance