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7.05.2011

How To Save $1000 Per Year

Finance Fox has recently released a post dedicated to showing you how to save $1000 per year in expenses, and I am a big fan of these types of posts. When it comes to fixing a budget, if you don't keep track of it, I guarantee you that you will be spending more money in that area than you otherwise assume. Every employer knows that when you measure employee performance, the numbers will come in much stronger than if you don't. The same logic applies to your bills. If you sedulously keep track of the money you spend eating out, on alcoholic drinks, or whatever it may be, then you will look back at your expenses and see if there is room to cut--often, people are shocked at how much eating out can cost on an annual basis. If you log all of your expenses and methodically look for ways to cut out expenses here and there, you can allocate more of your income towards dividend stocks that throw off income, and you will be setting yourself up to be in a better position years from now. If you want to take a look at Finance Fox's excellent post on how to cut $1000 from your budget, be sure to visit their website, here: http://www.financefox.ca/index.php/55-suggestions-to-save-1000/ .

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