The rising cost of living can be a real issue, especially if you’re not careful with your money. Examining your spending with a fine tooth comb can help you identify areas where you can cut back and save money in the long run. Maintain a close eye on your budget and make changes as needed to ensure that you are aware of your outgoing costs and can adjust your spending accordingly. Knowing where your money is going will help you determine where you can make savings and cuts.

Consider the following: What’s coming in and what’s leaving? Can I get something for a lower price? And (often the most difficult): Do I really need that?

Examine the money coming into your home, whether it’s just you or with someone else. You want to examine everything that is going out (there could be a lot more than you think).

Visit us again tomorrow as we explore the importance of Emergency Savings or contact Woodward Markwell for further information and see how we can help you cope.