Tuesday Tips for STRETCHING a dollar
Jan 14
When facing tough times financially here are a couple of tips:
Tip #1
You must distinguish between WANTS and NEEDS.
Tip #2
Here is a general order of priority for expenses. (Thanks to Joseph Sangl)
- Food and Medicine (groceries-offbrand/generics)
- Housing and Utilities (loan, insurance, taxes, utilities)
- Transportation (loan, insurance, taxes, gasoline)
- Secured Debts (boat, motorcycle, four-wheeler, furniture)
- Unsecured Debts (credit cards, student loans, etc)
Take some time and put together a written spending plan. Once all the expenses are itemized, spend some time prioritizing them.
These are great first steps! Congratulations!
