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How would you like to earn more in 2006? Up to $4000 more? The
answer is not by earning more, although that can help, it's by
cutting back on your daily expense. We work to earn a living. We
live paycheck to paycheck. Never have money left over at the end
of the month? Where does it all go? You can probably account for
the majority of where you paycheck goes. Housing, car payments,
credit card bills, food. But where do all those other dollars go?
You might be surprised how much cash you spend every day without
really knowing it. Lets start with your drive to work. Long
commute? How much gas do you use a week commuting? Are there
ways you can reduce that? Car pool, public transportation? A job
closer to home? Do you have to pay for parking? If you have to
park in a downtown area anywhere in the county you are probably
spending $8-$12 or more per day. Can you find a less expensive
place to park even if it means walking a few extra blocks? A job
where you don't have to pay for parking can save you $100-$200 a
month.
How about the morning coffee. $30-$40 per month? Do you bring
your lunch or eat out everyday? $3-$10 a day is another $60-$200
a month. Don't forget the snack out of the vending machine and
your afternoon soda break. There is another $35 a month.
If you add it up you are looking at spending $300 a month or
$3600 a year that it is costing you to work. These are just some
of the daily expenses you may have, not including other work
related expenses. Now divide $300 a month by how much you make
per hour and you will know how many hours you need to work just
to be able to work!
You don't have to give up everything at once but if you start to
cut back now when you get your next raise you will have even
more money to put away. The easiest thing to do now is simply
keep track of your daily expenses for the next few weeks. You
may be surprised just how much you are spending. Once you know
where your money is going then you can start to cut back.
Don't get in the habit of going to the cash machine every few
days. Once cash is in your hands, you will never know where it
went. If you want to keep more of your hard earned dollars start
to budget today. You will be glad you did.
About the author:
TJ Smith runs several sites on employment and personal finance.
The following sites offer a number of tips and help: Article Boy
http://www.articleboy.com, Payday Loans
http://paydayloan.byethost5.com, Working News
http://www.workingnews.com and Online Degrees
http://www.freedegreegiveaway.com
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