• Pain-free saving. This means being a better consumer and getting better deals on everything you do. If you’re asking why it’s called ‘pain-free’ – the answer's simple – these changes shouldn’t impact your lifestyle. So maximise the pain free savings and then re-budget to see if you still need the next step.
• Painful saving. After all the pain-free saving, the next step is to curtail your lifestyle, and stop spending on the things you commonly spend on. It’s all about self-discipline.
  
  
  Every time you’re about to spend, ask yourself three questions:

Great post Deb,

I am very concerned over recent reports that despite the ever growing mountain of debt in Britain, UK consumers are still prepaired to borrow money in order to get the things that they want. If my memory serves me correctly I believe that 80% of people surveyed in this instance ( please feel free to correct if figure quoted is incorrect) said that they would still be prepared to borrow to buy the things they wanted.

Learning to use the income available to you is key to achieving a happy lifestyle. If you want more then do something about making or creating more money don't borrow because unless you have the self discipline to clear borrowed money when it becomes due it, could very well turn and give you a nasty bite in the backside.

Don't be lulled into a false sense of security, check out the link below.

http://news.bbc.co.uk/1/hi/business/7074478.stm

Just because insolvency numbers are falling it could still be you!

Gary Wellman

The Wellman Partnership LLP

www.wellmanpartnership.co.uk