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					Ways to Save Money for the Future

No matter how much money people earn, it always seems difficult to accumulate savings. This is because the
more money they have, the more they spend. But there are many ways to go about putting money aside for future
needs, and they are discussed here.

The first thing to do to start saving money is to set up an automatic savings plan. Have money automatically
deducted from each paycheck and have that money placed in some sort of savings or investment account. This is
a type of forced savings, but it is effective. If you never have that money in hand, you cannot be tempted to
spend it.

Groceries take a big bite out of the budget, but there are some ways to save. Make a list of what you need and
stick to it. This makes it less likely that you buy items on impulse. Impulse buying can add quite a bit to
your grocery bill. Check the grocery ads and plan your shopping accordingly. Stock up on items that your
family uses when they are on sale. Save even more by using coupons on those items. Double or even triple
coupon savings are often available at certain stores on a regular basis, and that can add to your savings.

Utilities are another big expense. To save on your heating and cooling bills, make sure that your house is
energy efficient. Seal up any areas that allow outside air to seep into your home. You may want to upgrade
your windows if they are not energy efficient. You can also use thermal drapes to help insulate your windows.
Use an automatic thermostat that allows you to set the temperature according to your needs. When no one is
home during the day, you can set the thermostat accordingly and allow the temperature in the home to
automatically be set at a more comfortable level when people are at home. Also, make sure to turn off any
appliances and lights that are not being used. All these tips can help you save money on your utility bills.

Kids grow quickly, so it is often a waste to spend money on expensive clothing for them. If you have family
members or friends with older children, perhaps they would be willing to give you or sell you the clothing
that their kids have outgrown. Also, check thrift stores for clothing for your kids. When buying new clothes,
wait until they are on sale to get the best deal. If you are good with a sewing machine, you might even want
to consider making your kids' clothing!

In addition to saving money through automatic payroll deposits, any extra money that you have at the end of
each pay period should be placed in your savings or investment vehicle. You will be gratified to watch your
money grow. Eventually, you may want to set up separate accounts for retirement savings, your children's
college funds, vacation funds and general savings.

It is evident that there are many things you can do to put money aside. Pay yourself first by setting up
automatic payroll deductions, live frugally, save money whenever possible and bank your savings. Before you
know it, you will be on your way to financial security.

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Description: Personal Finance planning