When Patience Saves You Money

[dgridley]

I don't know about you, but typically, money burns a hole in my pocket! I'm generally good about paying my bills so they are either up to date or even paid in advance but if I have anything left over, I can't wait to spend it on something or other!

Looking back, I can see where I'd have alot more money if I'd just been patient in the first place and waited for the proper time to invest or spend.

Here are some ways we can all save money by "being patient".

Walk instead of driving. Life may be fast paced but often if we trade the car for a short walk, we'll end up saving money on gas and get some great exercise as well. If you live too far away to walk, you can try scheduling your shopping so you make fewer trips during the week. Don't hope in the car everytime you crave a burger! Again, you'll be saving gas and a few pounds in the process.

One thing I AM good about is comparing before I buy. I may be quick about spending a buck but I do try and compare items I'm interested in and checking to see where it can be purchased more inexpensively. If you compare before you buy, you're always sure to save a few extra dollars.

Use coupons as much as possible. I have friends that will never use coupons either because they are too embarrassed or because they find keeping track of them a chore. My advice is to utilize a good coupon organizer and use them. If you're shopping online, often there will be a coupon code available somewhere that will allow you to save money on your purchase.

You watch your physical health. You should also always be aware of your financial health as well. Track your expenses and be sure to keep all receipts. Record all your purchases and be sure to register your products and keep all warranty information handy. I once had a color television go on the fritz a week before the warranty expired. Because I'd kept both the receipt and warranty information handy, I was able to make a simple exchange instead of a costly repair.

Sleep on it! If you're contemplating an expensive purchase, sleep on it a few nights before actually purchasing the item. Sometimes a few days thouight can make the difference between a good purchase and a costly mistake!

Devote some of your extra money to a long term investment. Some people invest in stocks or bonds for the long term. I personally prefer investing in antiques and collectibles because it's something tangible and something I enjoy having around. Those purchases have often paid off when I've needed a bit of cash and sold them.

So, there you have a few tips that may help you! Can anyone add any others?