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Are you feeling stuck, in the never ending pitfall of debt accumulation in place of debt elimination? Has your personal wealth building process ceased to exist right now? In simpler words, if you are knee deep in debts, going through an economic hardship, and feeling helpless to manage your due payments, it is a high time you should make a move and bring your financial life back on track. Immediately enroll in a debt reduction plan. If you opt for a suitable debt management plan or a credit counseling program, make sure you are well aware of its pros and cons or else it will make you fall into future debts as well.





It is being found, average people who are saddled with debts, are victim of credit card debts. Usually, the interest charged on a credit card is the highest APR you’re paying in comparison to any other unsecured debts. To slay your loan amount first stop spending with credit cards for everything that you can purchase with cash. Squander money on essential items only. If possible, enroll in 0% balance transfer programs and decline the offers of higher credit limits. By all these strategies you can save more and devote the money to pay off your debts.



A frugal budgeting can also help you to save a lot. While making the budget first enlist your monthly expenses and source of incomes separately, so that you can allocate the appropriate amount to each essential payment. After meeting the minimum expenses like food, gas, rent, utility bills, use the left over money to pay off the highest interest loan payment first. When you stop using your credit cards you'll immediately start to see a reduction in the amount you owe and your monthly bills. This will continue to accelerate even more if you pay more in future.



Start changing your lifestyle if you want to make a better use of your money. Curtail unnecessary expenditures for entertainment, drinking or flaunting. Lead a simpler life, use public transports. If you have private vehicle, then plan your routes to reduce gasoline expenditures and minimize your overall usage to keep maintenance costs as low as possible. If you are able to make a big reduction in your annual mileage you should inform your insurance company as well and seek a reduction in the premium. You should also consider downsizing your living accommodations. Making a move like this you can definitely save in rent, utility bills and home related monthly bills.

Discipline and goal oriented lifestyle are the keys to modify your personal financial management plan which can lead you to transform debt into wealth. Put sincere efforts and be creative to find different ways of savings. Depending on your current financial status it can take a little long to finally get out of debts and to initiate the wealth building process but if you keep your vision of wealth creation intact and remain determined to make it a reality, nothing can hinder you from achieving your financial goal.

By doing the above said, Wealth Creation is all yours and can have financial freedom as well.

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Prices have gone past the sky and exploring for another sky to go past. With such skyrocketing price rise, it is necessary to realize the importance of saving money. Oh! Yes saving money without sacrifice! When analyzed, we have found out that most people fail to save money where they can. This have prompted us to write this post.

We start this [Save Money] Financial Literacy Series with "savings on grocery bill" as it is THE major and necessary spending made every month. Why spending unnecessarily on grocery and sacrificing other expense. We have the best tips to save on your grocery bills. Here you go...

1. List the items from the "needs to wants". 

Check previously purchased (last month's) grocery items before making the current grocery list.

2. Check the grocery list twice. 

Double check the grocery list. Make sure there is no duplication and unwanted items.
3. Make the Budget. 

4. Target not to go beyond the budget. 

Read the advertisement carefully before heading to...

Most ads will highlight "discount 50 %" which eyewashes the word UPTO before that. Which means that 50 percent discount is offered on purchase of selected products!

6. Check for any pricing/billing errors before leaving.  

Not all stores have same price for all products. (shop more than in one shop)





7. Say bye to supermarket. 

At times supermarkets reduce price of one product and disguisely hike in the other. This in no way will save your money.

Super markets are cleverer than you think they are!

The shelves at eye level are often filled with high priced products! It is upto you to not fall for it! Impulse buying is what they try for and most fall prey for it.

8. Use coupons (if any) to purchase. 

P.S: Make sure that your don't stop at any restuarants after grocery shopping as most people spend nearly 25 percent of the grocery bill in restuarants way back home from shopping! Planning grocery purchase according to the seasons is wise as well. This will save unwanted wastage of gorcery. Or will save unuse or season groceries.

Who is the boss of your grocery bill?

Think Twice, Act Wise :)