Check out the 5 financial tips for the 3rd week of January 2012.

Tip no 1 – When you’re married, try to work together to end debt.

You pledge to share everything with your spouse after taking the wedding vows. This means that you can share both your happiness and problems with your spouse. Don’t hesitate to talk about your financial troubles with your spouse. Tell your spouse about how much you owe to your creditors. Your spouse can suggest some effective ways to solve the problem.

Your spouse may arrange money from somewhere to pay back your creditors. Other than that, your spouse may take up a second job to increase the family income. You can use this money to pay off your debts.

Tip no 2 – Wait for a few weeks before making any investment plan this year.

2012 has just begun. You have plenty of time to make investments. Don’t invest all your funds at the very beginning of the year. Wait and watch how the markets are performing. It is predicted that the stock market may plummet during summer. There may be a stock market crash in the next few months. Down Jones may drop to 5000 within the next 2 and half years. So, if you have received a financial windfall, then don’t invest in the stock market right now. Wait for a while and find out how things turn out eventually.

Tip no 3 – Try out some new forms of growing the money other than saving through the traditional options.

It is true that some people are doing exceptionally well amidst the current economic crisis in the country. They are growing money like never before. These people are using new forms of growing money, and this is why they are at such a good financial position. If you’re little careful, then you can also increase your cash-reserve in 2012. Just consult your financial planner and find out the unknown but effective forms of growing money. Try out these new forms along with the traditional options. This will help you grow your ‘money tree’ gradually.

Tip no 4 – Save money and spend family time – rent movies instead of going to movie halls.

Do you love to watch good movies every week? Do you visit the nearest theatre every week? If yes, then you must be spending hundreds of dollars every month. You can save this money by renting DVDs every week. You can rent a DVD and watch the movie with your family members. This way you’ll be able to save hundreds of dollars every month. You can save money on fuels, movie tickets, and pop-corns. Apart from that you’ll be able to spend quality time with your family.

Tip no 5 – Practice the habit of buying things in bulk so as to manage money efficiently.

The big shopping malls and departmental stores give heavy discounts on the items you buy in bulk. So, inculcate the habit of purchasing goods in bulk. A good trick will be to purchase those items which you’ll be using in the subsequent months. There is no point in buying items (in bulk) which will be used once or twice. For example: you can buy toilet papers in bulk as you’ll use them every day. On the other hand, purchasing jewelries in bulk will be a total waste of money. You’ll wear them only once or twice in a year.