Personal Finance Tip of the Week: Living on Minimum, Saving the maximum

Depending on what kind of income you bring into your household, it may be very difficult for you to save or to reach financial goals. Most people immediately get on a budget as a solution for this, but there are also other things you can do to save money and live. Here are a few:
• Park your car: After housing, your car is probably your biggest money pit. Depending on your living situation, you may be able to use public transportation to get around or carpool.
• Hoard gifts of money, and tax refund: Make used of the extra cash you get and put it in a savings.
• Save your pennies: Start a change jar and put your coins into it every day. At the end of the month, roll them up and put them in a savings.
• Sell what you can: Scrutinize everything you own. Sell old clothes and gadgets while thinking bigger.
• Move somewhere cheaper: move to a city with a lower cost of living. Alternatives to this could be even getting a roommate, or moving in with friends or family.

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