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A penny saved is a penny earned and this couldn’t be truer. Most Americans are living from paycheck to paycheck and this means that there is no money being saved at all. It’s sometimes hard to imagine being able to save any money when you are living this way but the truth of the matter is that you really can’t afford not to save money. What would happen if you had a flat tire and you needed to buy a new one? What if your car breaks down and the repair bill is eight hundred dollars to fix it. You need your car to go to work to earn a paycheck but if you can’t afford to repair it what are you going to do? You take a few simple steps in order to save money and you don’t have to start out big. Saving just twenty dollars a week is a start and believe me it adds up very quickly. 

Shop Wisely

You have to eat food in order to survive, there is no way around it, but you can save money every time you grocery shop. You can find coupons in magazines and in your local newspaper and then you can use them when you go to the grocery store. You can also buy the store brand of food to save even more money. When you buy the store brand of food you could easily save five to seven dollars each week when you shop. Grocery stores will also have a clearance rack and you can find even deeper discounts there. 

Avoid Fees

Fees can pop up just about anywhere. It seems like now there are fees for everything you do. There are late fees, convenience fees, baggage fees, etc. To avoid any late fees try and pay all of your bills on time. Late fees and range anywhere from ten dollars to fifty dollars and those can definitely hurt your pocketbook. Financial institutions will charge you interest on any loans that you take out including credit cards. A good rule of thumb is if you don’t have the money then don’t buy it. Wait and save your money and when you have all the money to pay for it, then you can buy it. Buying things this way can save you thousands of dollars in interest charges. Your checking account can also cost you. If you don’t have a free checking account cypress tx then you definitely needs to get one because checking account fees can cost you a lot of money every year that you could be saving. 

Your financial future depends on you being responsible with your money and saving money every month. If you don’t start saving money now, whether you think you can afford it or not, you will find yourself in a financial emergency quicker than you think. To avoid this, you need to make good financial decisions every day and in six months to a year you will definitely start to see some results.