Saving Money in a Down Economy

I sometimes wonder if it is even possible to save money in a down economy. Do you for example have any savings? When it comes to me, I do not know when was the last time I had some money on my savings account to spend on whatever I wanted to spend. One of my New Year�s resolutions is to have more savings. I know that the resolution might be a little ambitious, but I am not ready to give up just yet. This time I am going to try really hard to make sure that I accomplish my goals. I will try to go through the list of my expenses and see what I can reduce. I will try to let you know about everything I managed to accomplish.

It is not enough to plan your budget once and then leave it be. Your situation and your expenses might change often, even more often than you might expect them to change. You need to be flexible with your budget. I try to adjust my budget almost every month. I try to see if something has changed. Maybe I have one more extra expense or maybe there is something I decided not to buy anymore. If this is the case, it might be a reason to remove it from the budget and replace it with something else or nothing at all.