How Do You Be Frugal During Hard Times?
In a bad economy, you might hear that the guy down the street just got laid off. It could only be a matter of time before that happens to you, so maybe you should look into your finances to see where you stand and find ways to set aside more funds in the event you will need them.
Here are a few tips on how you can do that. It’s not only something that’s good to do occasionally; it might be a matter of necessity. As they say, “You can’t decide where to go without knowing where you’ve been.” Whip out the trusty calculator and see how you’ve spent your money the past six months. Check your bank and credit card statements where you’ll find most of your expenses. When you have withdrawn money at the ATM machine, try to figure out how you spent it. Based on what you find out, decide if you’re spending money as wisely as you should. For example, are you spending too much at restaurants and not setting aside enough in case of emergencies? Has your child’s college fund taken a back seat to
