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You Are Never Too Broke to Save Money

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Submitted By stevenannth
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You Are Never Too Broke to Save Money - Truth or Fiction?
Most articles on how to save money are targeted at people who have at least some disposable income. And although tips on cutting back on expensive holidays and luxury items can be useful, they don't apply to those living from payday to payday. In this article we will provide some tips on how to save funds for those who are still struggling, even though they have cut expenses left, right and centre.
Put your salary into a savings account
A very good approach to saving money is to have your entire salary deposited into a savings account or an investment account. Do some research and find the best savings account that gives you the highest interest rates. Transfer only the money you need for bills from your savings account to your cheque account. This is a great way to save as there will only be cash in your cheque account for your monthly expenses while the rest of your money generates interest in your savings account.
Adopt a "can" and "will" attitude
There is a lot of truth in the belief that what we tell ourselves has powerful influence on our actions and ultimately, our realities. Saying "we can't" somehow becomes a self-fulfilling prophecy and we get stuck believing that nothing we do makes any difference. Changing your mindset will change your actions which will ultimately change your circumstances. Remove "I can't" and "I won't" from your repertoire, switch to "I will do whatever it takes to get a handle on your financial situation" and you'll see solutions starting to come into your life (which may, in fact, have been there all along). Your attitude and your choices can make all the difference, and the same applies when it comes to finding ways on how to save money.
Take a second or a third or a fourth look at your expenses
If your basic expenses exceed 50% of your net income, it's not easy to

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