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Recently I put a request out on my Facebook page for some savings tips from my friends.  I received a lot of great ideas.  Here are some of the best.

1)  Tasha suggested doing your budget based on how often you get paid.  For example, if you get paid bi-weekly create a bi-weekly budget.  All of your excess/spending money should be taken out in cash which will help keep everything straight in your head.

2)  Lindy added the timeless wisdom of preparing your lunches in advance and packing your own Thermos of tea or coffee instead of going to Tim Horton's or Starbucks.

3)  A.J. suggested stocking up on sale items you know you will use regularly, and only buy clothes from second hand stores when possible.  She also suggested riding your bike as often as possible in the summer.  (Editor's note:  I suggest if you want to do this that you save all of your gas receipts and compare them at the end of the year to see how much you saved during the months you rode your bicycle.  I did this personally last year and the result was quite eye-opening.)

4)  Julian reccommended adding a "savings" heading in your budget.  Treat it as an expense and go through your budget and look for any unneccessary extra spending you can cut to increase the amount you can "spend" on savings. 

For time and space reasons I will stop here for now.  Look for the second set of reccommmendations coming soon.  Thanks to everyone who contributed their ideas.

 





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