Thursday, February 16, 2006

Put a limit on Plastic Payments and Increase Savings

Take some time out and do a review of your banking arrangements, and get an understanding of your spending patterns.

One way that you can force yourself to save money, is to put a limit on the amount of money that you can withdraw in a day.

While you may not initially feel comfortable with a lower cash withdrawl limit, what it does is force you to plan your purchases better, and cut back on impulse buys.

While it may seem like a simple strategy, you will notice that you're not as likely to make impulse purchases that drain money from your pocket and deplete your savings.
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