Efficient budgeting to combat rising electricity prices

In this time of economic uncertainty and rising gas and electricity prices it is more important than ever to have a budget and stick with it, so here are a few simple tips to help you keep to your economic plan.

Don't give in to peer pressure

When going out with friends it can be easy to find yourself spending a few more dollars than you planned to - especially when you wind up in a local nightclub or bar!

That's why it's important to be strong willed and not give in to peer pressure.

Alternatively, you can turn that peer pressure into an asset by letting your friends know that you are on a budget and ask them not to let you get carried away.

Plan ahead when shopping

Everyone knows the old adage 'don't go shopping on an empty stomach', and it's true, grocery shopping when you're hungry is a sure fire way to break the bank.

That's why whether you're setting out to buy tonight's dinner or a new car, it is important to have a plan and stick with it.

Put away that credit card

Credit cards are a dangerous but often necessary part of life. While they can be useful to have, they can also cause major headaches down the line if you don't take caution when using them.

That's why it's a good idea to keep that credit card at home, in a locked drawer or some other secure location, rather than in your wallet where it might cause temptations.

Posted by Charlie Moore