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All Content > Articles > Finance > Household Budgeting » View Article

Seven Skills That Help You Save Money


Summary:
This 609-word article lists seven learnable skills -- cooking, auto repair, and grocery shopping are three -- and explains how they can help readers save money.
Details or Sample:
It’s no news that some people are better at saving money than others. The reasons why some of our savings accounts multiply exponentially while others struggle to gain a dollar a day are varied. Personality type, habit, upbringing, discipline, and income are all factors in a person’s saving potential, but some money-saving ability also comes from the skills you possess. Certain skills (most of which can be taught) are highly valuable to those people who are serious about saving money. Here are seven:

1. Money Management – People who can manage their own money well can save more. This statement sounds redundant, but it’s not: if you work with your own accounts, you are better able to understand exactly how much money you have and how you’re spending it, which helps you know where to cut down on spending to save more.

2. Cooking – Those who enjoy cooking and have the skills necessary to make tasty, healthy, and creative meals for their families can save money by not going out to eat frequently. Cooking from scratch (rather than relying on boxed mixes and such) allows you to spend less on ingredients, and a bit of creativity in the kitchen helps you to combine leftovers into fresh and interesting meals so that they don’t die a slow death in the refrigerator.

3. Auto Repair – People who know something about auto mechanics can save money on labor when their cars needs to be fixed (or at least know for sure whether their cars really need the repairs the auto shop recommends). They can also be more confident about buying used cars, being able to spot major problems before they buy and knowing that they can make most future repairs for the cost of the parts.

4. Grocery Shopping – Yes, anyone can go grocery shopping (except maybe celebrities), but those who know how to shop well can save a lot on groceries. A skilled grocery shopper will know (either from memory or from a detailed price book) where the best regular prices are on items they regularly buy, where the week’s sales are, what coupons they can combine with the sales, what size of each product has the best unit price, and whether each purchase is the best value for his or her family.
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Downloads: 1
Written by: Shannon Christman
Available File Types:Text
Words: 609

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