Save Money Ideas

Saving money is one of those skills most of us find hard to master. I know I would have benefited a great deal from having a class in money management as opposed to straight math. If we could have learned only half of the strategies we know now, we'd all be rich!

Sadly most adults learn the hard way and in general terms, hind sight seems to be our only teacher of making and saving money.

The majority of us have to acquire debt at some stage in our lives. This is almost evitable. The common forms of large, ongoing and unavoidable debts are:

Mortgages

Second Party Home Loans

Home Insurance

Contents Insurance

Boat Insurance

Student Loans

Life Insurance

Car Loans

Home Improvement Loans

Credit Card Debt

Although it can be the smallest I think the latter item on the list tends to be the worst and certainly expensive loan to date.

Mortgage home loans, well any loans really can cost the average debt payer, thousands of dollars over a long period of time. Many people will happily pay the monthly repayments for a period of 30 years or so. All without consideration for the amount of interest they are paying during that time.

In some cases you can repay as much as 3-4 times the original amount you borrowed. If this happened to be $300,000.00 or more, I'm sure you can work that one out in your head.

Insurance policies are day light robbery. There are of course ways to get your insurance policy reduced quite dramatically. I'll be writing about these tips and tricks over the next few weeks and months. Do check back often for regular updates on these subjects and more.

Living on the bones of your butt isn't the only way to save money!