Saving+for+a+Special+Purchase

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WHEN IT IS USEFUL When you really want something and you can't afford it sometimes you need to SAVE for it! In order to save for something you have to KNOW what you DO and DON'T have. You MUST plan how much money you HAVE and how much you NEED to spend.

A STRATEGY Draw up a graph and plot your expenses and how much you earn.  Example: If you earned $850 a week and these are your expenses you can see how much you spend, and how much you have left over. Also you can see if you have any unnecessary expenses that you can cut out so you can save more money. As you can see in this example this person spends to much money on booze and should mooch off a friend more often. If this person wants to save money for a special purchase and to live past the age of thirty he should cut back on booze and cigarettes. This is a bad example but as you can see a lot of this person's spending is unnecessary and he could save a lot of money.
 * Expenses || Cost ||
 * Rent || $250 ||
 * Bills || $150 ||
 * Food || $100 ||
 * Car/fuel || $150 ||
 * Clothes || $50 ||
 * Booze/cigarettes || $150 ||
 * Total: || $850 ||
 * Spare || $0 ||

With the extra money you save, you just put it away safely until you can afford the item you want.