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When it comes to saving money, there are a few things that you can’t cut back on too much because you need them to survive, such as clothing, shelter and food.

You can take the bus to work and not buy a big screen TV, but you will not live very long if you don’t eat!

However, buying food doesn’t have to be as expensive as you might think.

If you wince in horror everything you take out your wallet at the supermarket, there are many ways that you can cut down your food bill while still eating healthy and tasty meals.

If you were to die tomorrow, would your spouse and your children have enough money to take care of themselves?

Life insurance is designed to help provide financial security to your loved ones after you pass away. The policy will cover your funeral costs, as well as setting aside money for your family to support them after you are gone.

Life insurance is especially important if you are the main breadwinner for the family.

If you are expecting a large tax refund this year, what will you do with it?

It might be tempting to spend this large windfall on shopping, eating out and other fun things.

However, a tax refund is also an opportunity to gain some financial headway and set you up in a better situation for the future.

Here are a few smart ways to use your tax refund this year:

Imagine a full time job is like a large flowing river of income. With this one source, you have all of the financial flow that you could possibly need, and your expenses are covered in comfort. However, what about when something happens and the river ceases to flow? Your industry could experience a drought, or you could lose your job, causing the flow of that river of income to be dammed up forever.