The majority of us only have so much money to spend. Even if we get ahead, we often spend money on stupid stuff instead of things like getting out of debt or even purchasing things wisely so that we can use some of that extra money for other things without hurting ourselves.

I’m all about having some fun in life, and these days almost all the fun costs money in some fashion. Even just walking around takes buying the proper foot equipment so you don’t hurt yourself.

This means budgeting, which is a bad word to many people, but in this case I’m not going to get into spreadsheets and really long winded explanations that you’re not going to listen to anyway. Instead I’m only going to give you 3 tips on spending your money, which includes paying bills in one instance, to help your money go further.

Tip #1 – Stop driving across the city to save a few dollars on stuff. Big alert; gas prices are up, and in most communities it’s now over $4 a gallon. Since most vehicles average around 20 miles a gallon in city driving, if they’re lucky, this means it’s costing you 20 cents a mile. Is it really worth saving $2 if it just cost you $4 to drive 20 miles? Goodness, is it worth spending $2 to save $2 if you only go 10 miles further than you normally do, which is only 5 miles each way?

Tip #2 – Don’t overspend on things for convenience. This is opposite of the first tip but it must be said. My wife and I were at a drug store looking to buy some CoQ10 supplements. They were selling it for $53 a bottle for 100 softgel tablets and if you bought a second bottle it was half off. My wife was dismayed but figured she was there so we might as well get it. I said no, and instead we went to the grocery store close to our house, which sells vitamins and supplements. It was a different brand but the price of their CoQ10 supplements for 100 softgel tablets was only $10.99. For some things the brand name nor the store makes the supplements so much better that the price should escalate like that.

Tip #3 – Always pay off the bill with the smallest balance first. This one is controversial because many financial experts will say to pay down large balances first or those cards and bills with the highest interest rate. I tend to believe that people build up momentum when they can see results of something they didn’t want to deal with in the first place. The other benefit to this is that you can then roll some of the extra money over to the bill next in line and keep some of that money for yourself, at least here and there, as a reward; after all, you deserve to be rewarded for your success.

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