The ability to have a decent amount of savings is much more difficult today than it used to be.  Many people attempt to save money for a down payment on a car or home, but often find themselves using the savings in order to pay for life’s daily needs.  This is a frustrating reality for numerous Kansas City residents, and saving money may seem like an impossible task.  While saving money is certainly difficult, there are small things you can do to build up a healthy amount of savings.  Even though we may try to save money here and there and put that money in a savings account, we also tend to spend money when we don’t really need to.  For example, you may do a very good job of avoiding big expenditures that you simply cannot afford, such as purchasing clothing you may not actually need.  However, you may not realize just how small expenditures add up, and how many of those small expenditures are not necessities.

So, What Can I Do?

Saving money takes quite a bit of diligence and self-discipline.  It’s all too easy to grab a soda or snack from the vending machine instead of bringing a snack from home, or drinking water.  While such low cost or even no cost options are surely not exciting, the small change adds up, and you may find that you have extra money to spare that can be placed in a savings account.  Other tips for saving money include, but are certainly not limited to, the following:

  • Every time you find yourself wanting an unnecessary item, put the cost of that item into a savings account;
  • Bring your lunch to work instead of eating out;
  • Avoid ordering takeout or delivery, and cook at home instead;
  • Make your clothes last as long as possible, and if you do need new clothing, choose affordable options that you can manage without having to use a credit card;
  • Exercise at home or outside as opposed to joining a gym; and
  • Use cash when purchasing necessary items, as this will make you fully aware of just how much you have to spend, creating a budget system that you can live by.

These options for saving money are certainly not new, and many people are already aware that money can be saved with smart shopping.  However, it never hurts to be reminded of just how substantial small savings here and there can be.  By making small changes and smarter choices, you may be able to stop using your credit cards, and finally save up for that car or home that you want.  Further, the satisfaction of seeing your savings account grow will outweigh the short-lived satisfaction of having a latte from Starbucks or Snickers from the vending machine.  If, despite your efforts, you are unable to save money, it may be time to discuss debt-relief options with a qualified Kansas City Bankruptcy and Debt-Relief Attorney.

Contact Kansas City Bankruptcy Attorney Douglas Breyfogle to Schedule a Free Consultation

Financial stress plagues many Kansas City residents, and debt can often feel unbearable.  While debt may seem never-ending and unmanageable, you do have options available to you for eliminating your debt and finding ways to live a life without debt.  If you are considering filing for bankruptcy, and would like to discuss what financial decisions may be in your best interest, you should consider speaking with a qualified Kansas City Bankruptcy Attorney.  With more than twenty years of experience, Douglas Breyfogle has helped numerous Kansas City clients tackle their debt and find a path to financial freedom.  No two financial situations are ever exactly alike, and no two financial situations will necessarily require the same plan for eliminating debt.  Douglas Breyfogle will thoroughly evaluate your case to determine what debt-elimination options will work best for your particular financial circumstances.  To schedule your free consultation, contact Douglas Breyfogle today by calling (913) 742-8700.