Volume 1, Number 1 June 1998
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"TIPS FOR ALL TYPES": |
I. "Five Money Saving Tips"
Raymond T. Linder, MBA
CEO, FAMILY FINANCIAL CONCEPTS, INC.
Registered Investment Advisor
Author
Certified MBTI Consultant
Earning extra income is an obvious step to improving your financial
situation. However, a very simple and often overlooked step is to find
ways to reduce your present cost of living. Here are five easy ways
to implement ideas:
1. Reduce credit card expense. A better goal is to eliminate
credit card expense altogether. But if you have credit cards, they
may as well cost you as little as possible. Switch to
credit cards with the lowest interest rate you can find.
2. Pay cash as often as possible. Studies have shown
that people who pay primarily with
cash spend less money. It's harder to part with cash than
to pull out a credit card.
3. Keep your car after it's paid off. Resist the temptation
to get another car - and another
car loan - right after the loan payments end. Don't use its
age and maintenance costs as
an excuse. Studies have shown that the cheapest car you can
own is the one you already
have.
4. Trim your spending by 2-3%. It's a small enough amount
that you won't notice the
difference.
5. Don't window shop. You won't want what you don't know
exists. If you do window shop,
don't take money or credit cards with you.
Ray Linder's latest book, released in January, 1999 is entitled "FINANCIAL
FREEDOM: SEVEN SECRETS TO REDUCE FINANCIAL WORRY".
Ray's book may be purchased at his website: www.Goodstewardship.com
CEO, Family Financial Concepts, Inc.
