'A penny saved is a penny earned'
No doubt you've heard of that saying. But most people associate saving with 'cutting back', and they associate cutting back as being somewhat of a chore and a lifestyle-cramping exercise. It needn't be so. Most people, if they took the time to actually track their spending and look at their money habits, would be horrified to see just exactly where all their hard-earned money goes each week. It's a well known phenomenon that no matter what our earning ability we generally increase our spending habits to meet (and more often, exceed) our earning capacity. What this means is that, even with a pay rise, we generally increase our daily spending to such a degree that we are financially no healthier than we were before the pay rise.
So, how can we have more money in our pockets at the end of each week? The answer is to think smarter about money. Thinking carefully about where we spend our money, why we spend our money, how we spend our money and where we throw our money away will help to create great money habits that will not only last a lifetime, but will also create a more financially comfortable lifetime.
MoneyHabits.com is dedicated to helping you get more from your hard earned money. We're all about helping you to learn good money habits and to shed bad money habits. We're all about making your money, no matter how much you earn, go further and work harder for you. Whether it's mortgage advice, information about managing your credit cards or even teaching children about money, if it's about good money habits, we cover it all.