Shop Smart Without Braking the Bank

You are at the checkout and wondering if you have the money to actually pay for your purchases. Counting every penny is not how you want to live. Here's a stress-free way to manage your cash flow.

There is a fine line between being frugal and being a miser when it comes to saving money. A knee-jerk reaction to saving money and creating a budget is to penny-pinch. Counting every penny is not how you want to live.

1. Set a Budget

Setting up a budget before you go shopping is a surefire way to stay on top of your spending. You'll know that all your money is going to be in control of your finances. You can make a simple budget. One that shows what you spend your money on. If you use a bank or credit card, you can find these in your statements.

Next, make a note of the things you spend on based on what you need versus what you want. For instance, you need to pay bills to keep with basis necessities for living. But you want to have a cup of Starbucks coffee everyday, even though you don't need to.

Being responsible with money doesn't mean you only get what you absolutely need. You don't have to
deny yourself everything you want. As long as you're within budget, your spending should be guilt-free and should permit you to splurge on a few items you want.

2. Save In Small Bits

To save money, start by changing one thing at a time. You could cook dinner each night instead of going out. Save outings for special occasions or as a reward for saving money all month. Be sure to budget for that meal!

Nowadays, it is chic to shop for the least expensive clothing. It is even acceptable to go to thrift and consignment shops to find wonderful bargains. Despite what’s in fashion, being thrifty can save your family money. Learning to save is a valuable lesson for the younger members of the household.

3. Got Some Change?

A family environment is the best place to learn to handle money. Do you have a loose change around the house? Put it into a jar. Each person can have their own jar. You'll find that there is a dollar around every corner, and change can add up. There is the potential for a little pocket change when you need it most.

Saving money doesn’t have to be a depressing thing. Kids don’t have to wear hand-me-downs, and you don’t have to eat leftovers for a week unless you want to. As long as you observe the basics, there is no need to be a miser about money.