Saving money never goes out of style. For the wealthy and the not-so-wealthy, pennywise practices can go a long way toward spending less… "It’s important to save because it gives you a framework. People are looking for steps to take," Barbara O’Neill, a Rutgers University professor and author who specializes in financial resource management, said… Having a financial goal gives direction and provides motivation, O’Neill said. She promotes a "stepping down" program whereby individuals are "not giving something up, but are finding a lower price."… If one is buying pancakes, for example, there are a few options: At the top step is the most expensive choice- buying pancakes at a sit-down restaurant; a cheaper option is purchasing pancakes at a fast-food restaurant; another step down, saving more money, is buying frozen pancakes at the supermarket; and the least costly way to go is making pancakes at home from scratch.
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