canstockphoto9190666Do you find yourself without money before payday? You may find yourself  borrowing from friends and family or go without money altogether. If you are struggling every month trying to make ends meet, it is time to give your family a Money Makeover. There are some adjustments you can make that will make your money stretch beyond your belief.

 

Look For Better Deals

You can find better deals on anything from groceries to your monthly cable and mobile phone plans. If you find yourself spending a large amount of money for groceries, there are online coupon websites where you will find great deals on food, beverages and even clothing. Saving 50 cents to one dollar off an item may not seem like such a big deal, but this will save you a lot of money down the road.

Another way to save money is by searching for better cable television and mobile phone plans. If you are struggling to pay your monthly bills, contact your service provider and ask if there is a way you can change over to a cheaper plan. If you are not under a contract, you have the right to go with another company or do without the service altogether.

You can also find better deals on insurance policies. If you feel that you are paying too much for your car or health insurance, do some comparison shopping. Before you renew your insurance, you may find that it’s cheaper to buy insurance online than by going to an insurance company in your local area.

If you are comfortable with your current insurance agent and do not want to shop elsewhere, contact their competitors to find out if they have better deals. If you find one, check with your current insurance holder and see if they will match the price. People are more likely to match prices to keep your business, especially in today’s competitive market.

 

Set Up a Savings Plan

If you do not already have a savings plan, now is the time to take action. It’s really important for you to have a savings account that will sustain the household for three to six months in case of an emergency. You can start building up your savings by putting away a small amount of money from your paycheck each pay period. Once you have enough money in your emergency fund, then you can focus on building on your savings even more.

 

Plan Your Retirement

Having a retirement plan is important, especially if you don’t want to spend your golden years working on a stressful job. Social Security programs are running out of money and may not be available when it comes time for you to retire. This is why it’s important for you to plan ahead. Look into IRAs or other interest-yielding accounts for you to build up enough money for your retirement. If you need help contact a financial advisor at your bank.

You and your family will have a lot to gain by giving yourselves a Money Makeover. By shopping around for better deals, building up your savings for retirement and family emergencies, everyone is doing their part preparing for the future. Implement these money savings methods where possible and watch your nest egg grow.

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