Groton, VT (ContentDesk) May 7, 2004 - Saving money may sound like opening a savings account but not necessarily according to Gene Jolley, President of Kingdom Financial Principles. Going against the grain of traditional teaching, Jolley advises not to be so quick in depositing extra money in a savings account. Instead people should first concentrate on freeing themselves from debt. Jolley teaches in his seminars a key way to faster debt elimination: save money by finding ways to reduce monthly spending habits.

This is a vital step toward saving money and should not be overlooked. “You will be surprised” Jolley adds, “how much money is going to little items.” Once this step is complete the consumer will easily recognize where every dime is being spent and will also be able to see over the course of a year just how much that spending is costing them. This knowledge empowers the consumer to realistically face the prospect of debt elimination.

How fast could an extra $300 per month pay off your debts? Besides making choices such as car pooling and raising your deductibles on car and homeowners insurance Jolley has a list of items where the consumer can save $300 or more per month. Jolley’s list includes making coffee at home to save what otherwise could be between $50 and $100 a month from the favorite coffee stop. But it isn’t just coffee and donuts/muffins that costs, eating out, whether it’s the fast food stop during lunch break or the family restaurant once a week, can significantly cut into potential savings.

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