Saving Money.

Millions of people make mistakes everyday when it comes to managing their money. As a college student you have to learn quickly how to handle your money efficiently. However, not only college students need to be penny pinchers. It is something that everyone should do in this economy. Here are some mistakes people make that waste their money:

Buying things you don't really need. Is the first thing you need to think about. How many times have you done it? We all do it.

Not Keeping a budget. Save Receipts. Pay attention to what you’re actually spending.

Buying new. Clothes, furniture, textbooks, cars, etc. Amazon, Ebay, Ksl, ever thrift stores you can find stuff that is extremely lightly used, etc.

Accepting initial offers. Make a deal, sales people are quoting prices at you. Throw some back.

Buying brand names. Check the ingredients. Same exact stuff. Great Value, Western Family, and etc. Even when it comes to clothes. When I was in Hawaii a few years ago, I was at the Juicy Couture store (window shopping ofcourse, wishing I could afford even one item in there but) I found a very cute bathing suit that I thought I couldn’t live without it. I passed up the opportunity and a week later I found the same suit at target, different brand but same style, fit and material. Don’t pay for the name.

Buying a bigger home than you need. -I mean if you got the money, do what you want but if you don’t, you need to only do what you need. Larger homes not only cost a bunch more but the utilities are through the roof.

Paying interest. Quit borrowing money. Budget out and use the money you have.

Eating out too much. Cut down to serving sizes, stay your ideal weight and save money.

Keeping unhealthy habits. Being unhealthy wastes money- alcohol, cigarettes, soda, drugs, sweets, gambling, etc.

Paying for freebies and Turning down free money.

Not doing your research about things you want to buy.

Paying too much for insurance.

Not making a grocery list. Shop with a list and never shop when you’re hungry.

Not avoiding or even hesitating to use your credit card. Treat yourself like a teenage girl with a brand new credit card- use it for real emergencies only.