 Real Life Money Management's
Ben Franklin
Principle
of Saving Money
The Ben Franklin Principle is pinching a penny every chance you get anyway you can no matter how much you can save. Every time you do this it’s like earning the money you saved.
A penny saved is truly a penny earned!
Good
family money management by saving on purchases is something that we as a family of ten have become very good at doing. Spending smart is
critical to keeping the Teeter Totter Principle in good balance. A frugal mindset can be a significant contributor to living a lifestyle that lets you gain better control of your financial situation through your spending habits.
There are a variety of ways to save when spending money.
Coupons have become a more popular option with a down economy than they were a few years back.
Home energy savings is where you can save big with the rising cost of energy.
Your automobile is another money eating machine that is often very tied to lifestyle choices that can be changed with some sacrifice.
Garage sales and thrift stores are a great money saving place. We have saved hundreds if not thousands of dollars on very nice kids clothing each year by shopping at garage sales and thrift stores.
Eating at home and not dining out so much are important lifestyle changes that can add to considerable savings.
When eating at home, menu planning is critical to
saving on groceries bills.
Another action is making a shopping
list and sticking to your shopping list while shopping.
Your economic balance between spending and income can be significantly enhanced through creative savings
when spending your money. A frugal lifestyle choice can quickly put you in control of your financial situation.
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