When times are good, it’s easy to fall into the credit trap and build up more debt that has to be paid off. But, whether it’s your everyday living expenses, your car or your home, there are ways you can conserve cash and save money for retirement, regardless of how far in the future your retirement is.

The average adult in the United States has several thousands of dollars of credit card debt, a monthly car payment, rent or mortgage payments, and obligations to pay many other expenses. All this can make things tough and make it much more difficult to think about paying off extra debt and saving for the future.

Even the small things we do every day and often take for granted can add up quickly when it comes to spending money. No one’s going to take care of us when we get older. By keeping track of what we spend our money on now helps us better assess how to save money.

It’s called being thrifty and thrifty spending habits are good lessons to pass down to our children for their future. By setting a good example and paying attention to the money we spend, our children will understand the value of saving for the future and value of a dollar much better.

Fortunately, there are ways you can save money that may seem small but when put together, can add up to real savings over time. Especially when times are good, being vigilant about spending money can do wonders for your wallet. Following a few tips contained in “Power Saving Money Tips”, can mean more money in your wallet at the end of each month.

Most people are amazed to see how much they spend per week when they keep track of their day in and day out spending. If you’re like most people, you stop at the coffee shop every morning and have lunch with your co-workers. A couple of tips to save tons of money. Instead of that $4 latte at your neighborhood coffee shop, try brewing coffee at home and bringing it to work in a travel mug. Bring a sandwich, some chips and maybe a yogurt or pudding to work and skip going out for lunch. You’ll probably eat healthier and find that you’re saving forty to fifty bucks a week!

For some people, it’s the splurges that can break the bank. Going out to the bar with friends or having a steak dinner can be fun, but it can also be quite expensive. Another tip; invite some friends over and have some food on the grill and a few drinks. You could make it a BYOB event and get everyone to bring in their own beer and other beverages. You’ll have just as much fun with your close friends without spending a fortune on dinner check, drinks and tips.

You can take that money and put it into retirement savings, or use it to help downsize other personal debt. No matter what you do with the extra cash, it will no doubt feel great to know that you’re doing something to save cash for something more worthwhile, your future peace of mind.