Adrian Newman’s latest ‘e-Wealth Daily’ article is titled “Weekend Success Bulletin”. [‘e-Wealth Daily’ Article]


Adrian Newman’s latest ‘e-Wealth Daily’ article:

Weekend Success Bulletin

When it comes to putting your money where it rightfully belongs — in your pocket — it’s as simple as putting your “needs” before your “wants.” That’s it.

Start out by distinguishing between your wants and needs. You can save more money than you think by not mistaking your wants for your needs.

Needs are simple to identify. Shelter, food, clothing, and transportation are necessary items to sustain life; this is what I mean when I say needs.

Wants, on the other hand, are items that enhance or possibly improve your social or family life. You’re allowed to buy special items from time to time. Just be careful in
distinguishing if an item is truly a want or a need. Do you really need to have an expensive car? Live in a fancy home? Own a cell phone or any other form of technology? The answer
in most cases is “no.” There are a few things you should look into before you make a “want purchase” just to better your personal situation.

— Your Debt Level: If you are paying high interest rates for credit cards, automobile or personal loans, and other debt, you could be wasting lots of money. You do have options. Many
homeowners have taken advantage of home equity loans and lines of credit in order to reduce their debt into a single, smaller payment, often with considerably less interest charges. Plus,
the payment may even be tax deductible. For more information on your options, contact your local bank or credit union.

— Banking and Financial Costs: This is an area that too many of us overlook. You may be paying high monthly fees or receiving little interest. No matter which credit union you
choose, there are plenty of accounts and programs in place for you to take advantage of in order to lower your costs. For example, if you are paying $10.00 extra a month in various
fees that you don’t have to be (not including your monthly banking fee), it will add up to $120.00 a year. This is money that you could put to much better use on other necessities — or
invest in a savings account! Fee structures vary among different institutions; contact banks and credit unions in your area for competitive rates.

— Food Costs: Don’t be shy to look through flyers for discounted groceries or to be picky when selecting products (name brand or a lesser-known brand). One great way to save on your groceries is to budget for a weekly amount and then try to beat that weekly budget with careful shopping habits. You’ll instantly see the results that selective and careful shopping will
provide. Moreover, if you spend less on fast food and more on produce, then not only will you benefit by saving more money, but also the state of your health will improve.

— Clothing Costs: Ask yourself this question: do you really need to have those name-brand clothing items in your closet? The cost of clothing has been in a continuing upward spiral
over the last decade. With new brands popping up left, right, and center, you do have choices. With some careful planning, it is possible to make fashionable clothing purchases that are in-
line with your budget.

Maybe having less is better, especially when you’re the one with money in the bank that will help you retire comfortably in the future. A solid future starts with the financial decisions you make today.

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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