Save Money Wisely | Pay Off Debt Strategies | Personal Finance Tips

Here's a great save money wisely tip -?Did you ever hear the saying Penny wise and pound foolish? In essence, this expression means engaging in actions that save you money in the short term, but in the long term wind up costing you plenty more.

In some cases, it makes sense to fix things once and for all the first time around instead of having to fork out a great deal more money later on. So even if you are dying to pay off debt and want to save as much money as possible, here are some examples of unwise methods of saving that you can avoid.

If you act in desperation you'll end up throwing money away unnecessarily in the long run. Think smart and avoid the following scenarios if you want to save money wisely, which means really saving to get out of debt.

• Postponing physicians' appointments and then becoming really ill or delaying dentists' visits and ending up requiring far more intensive dental care such as root canals or tooth extractions.
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• Missing important car maintenance routines and critical oil changes will definitely cost you considerable sums of money in vehicle repairs in the future.
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• Failing to pay your credit cards on time and then getting significant extra fees and a much higher rate of interest.
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• Trying to repair things in the house yourself even if you have no idea how to do it, and then spending lots of money on a professional to come and repair the damages you created, and in addition deal with the initial fixing issue.

If you want to pay off debt you need to save money wisely. Saving as much as you can even cents is often sensible, but not if this results in a much larger costs in the future.

Source: http://payoffdebtcompletely.com/save-money-wisely.php

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