Today’s Tip Courtesy of Ian Martin, Chartered Accountan:
Mathematically, accumulating wealth is a simple formula: spend less than you take in. However, making that happen can be very difficult.
It is a question of separating wants from needs. Pack a lunch instead of eating out. Make your coffee at home instead of going to the coffee shop once or twice a day. Skip the deluxe cable package and go basic.
For more information, read my article on Accumulating Wealth, and search the Moneyproblems.ca Tip of the Day Archives for great Money Saving Tips.
