http://www.TheMethodReports.com This video was inspired by a saying I once heard, "Its EASIER to SAVE a dollar than it is to make a new one". I thought that was really cool, and I started trying to see how many ways I could cut big dollars off my everyday living, and it WORKED like CRAZY! Here's the basic formula I used to get myself SAVING literally hundreds (I was a big spender:) a month!
FIRST: You need to get yourself a small folder or notebook and start keeping track of what you spend your money on everyday. Keep every receipt and write down everything you spend your money on. At the end of the month, you SHOULD see exactly how much money you spend, and on WHAT you spend your money.
NEXT: separate the NECESSARY expenses from those that are NOT necessities (rent is a necessity, starbucks and itunes are NOT:) This will show you how much money you HAVE TO spend, compared to what you ACTUALLY spend. THAT difference is WHAT you could be saving EACH month!
NOW: take all those "non-necessity" purchases, and decide which ones you can do without, and REMOVE THEM from your spending. TAKE the money you AREN"T spending on those items, and DEPOSIT it into a new SAVINGS account! WATCH IT GROW!
For all the other items on your spending list that aren't necessities, BUT you "can't live without them" (Redbull is my weakness, 3 a day!:)...try to find SUBSTITUTES that are cheaper, but still satisfy your "wants"... For example, if you typically get starbucks coffee in the mornings, maybe you could make do with brewing your own at home for a FRACTION of the cost? IF you can dedicate yourself to these small changes, you CAN save yourself EVEN MORE money to put into that NEW SAVINGS account of yours!
The FIRST month, these changes WILL be difficult for you, BUT at the end of the second month when you SEE the MONEY piling up in your SAVINGS ACCOUNT, you WILL find it getting easier and easier!
This money you SAVE can be used to PAY OFF your credit cards, student loans, OR even INVEST in INCOME PRODUCING ASSETS!
The bottom line, IT IS easier to SAVE a dollar than it is to MAKE a NEW one!
PLEASE RATE my video, FAVORITE it, AND SUBSCRIBE to my channel by clicking the "subscribe" button above this video description, OR by visiting my channel http://www.youtube.com/themethodreports and click the YELLOW SUBSCRIBE button at the top of the page.
THANKS for watching!
Best regards,
Robert Bankston
The Method Reports, llc
The Youtube Marketing Course
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