Tips To Save Money During Recession - Tip#2 & 3

Tip#2 - Budget

Everyone should create or have a budget. If you are not sure or just not good with money, many websites or businesses are offering free financial consulting to help you put a budget together. Knowing where you are spending your money is by far the best way to save. In most cases, people have no idea where their money is really going and once they see it on paper, ont only are they surprised but eager to change their spending habits.

Remember, human being is a creature of habits. Good spending habit is critical to wealth.

Tip#3 - Plan

Planning is another great way to save. Before you go to the grocery store, make a list and stick to the plan. If considering a vacation, plan everything accordingly. Not only it will help to save you from wasting unnecessary time looking around, it is a great way to save money by prebooking some of the hot offers online or taking up some of the real offers by budget airlines or hotels.

Heading out with no set direction will certainly lead you to impulsive spending.