A Quick Primer or on How to Save Money by batmanishere


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									A Quick Primer or on How to Save Money

Everybody wants to get rich. However, not everyone will get rich because of the
simple fact that not too many people know how to save. Being able to gain riches
is all depends on how you can build wealth. And building wealth all depends on
how much you can save.

If you're looking for tips on how to save money, and build wealth, then here are
a few tips to help you on your way.

1. Get more of what you need and less of what you want. Being able to
differentiate between needs and wants is very important in your quest to save
money. All too often, people purchase what they want more than what they need.
Unfortunately, wants tend to be more expensive than needs.

So next time you see that sparkling jewel that costs a few thousand dollars,
think hard and deep if you really need that thing. You will need a whole deal of
self-control; but in the end, it's all worth it when you're trying to save up.

Don't worry; buying your wants isn't against the law. You however have to be
able to control yourself and curtail your wants and spend for them wisely.

2. Buy generic. Branded items cost twice as much as generic items. However, this
doesn't mean that they are necessarily better in quality. Your goal now is to
reduce the number of branded items you purchase and increase the number of
generic brands on your list.

Generic brands aren't that bad. In fact, some generic brands are better than
branded ones. This should make your decision on purchasing items much easier.

3. Spend within your means. Building wealth is equivalent to being able to spend
less than you earn. No one builds wealth by spending more than they are capable
of earning. It doesn’t matter if you earn $10,000 or if you earn $5,000, if you
spent more than you earn you are still a poor person.

Even if you don't earn as much, if you are to able to set aside some amount from
what you earn, you are well on your way to building wealth.

4. Try it before you buy it. Before taking something home for good, make sure
you try it and understand the implications of owning such a thing. Don't forget
to factor in maintenance costs, insurance, and operating costs before making
your decision. This way you are able consider all the implications of your
purchase before you regret your decision.

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