by Paul S. Richard - ICFE's Executive Director
- Write down all of the poor spending
Practices that you need and want to change.
- Write down how you plan to bring
about the changes in each area.
- Construct a cash-flow sheet showing
income and outgo.
- Set up and implement a spending-plan
- Discontinue borrowing and use
of all credit cards
- Begin collecting and making notes
on your cash purchase receipts.
- Begin saving one dollar-a-day
(or dollars) and all pocket change, everyday.
- Look for alternatives and substitutes
- Start utilizing cents-off coupons
and mail in for rebates.
- Wait for the sales. Comparison
shopping can save more than 50 percent
- Take advantage of factory seconds
rebuilt and used items where practical.
- Start doing things for yourself
that others were paid to do previously.
- Separate shopping trips (when
comparing prices, value, reparability, etc.) from
spending trips (when actually making the purchase).
Avoid carrying credit cards, much cash or a checkbook
on the shopping trips.