Everyone wanted to save money for sure, but it’s always stayed
as a dream and hardly done by many. If you want to save money, consider this question first.
How much money will you save every day, month or year, where you’re going to
put it, how long will you save money (for sure as long as you live) and what
will you do if you have enough money already? Here are tips that can help you
save money.
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Have a goal first
This will motivate you to save money. The essence that you
are saving is because you have a goal to achieve. Your goals might be buying a
car, a house, vacation, capital for business, for wedding expenditure, for
emergency purposes, and many to mention. It depends on you what your goal is.
Pay your debt
Pay your debt first especially those interest-bearing
debts. The sooner or faster you pay off debts, less interest you will pay means
that amount can be saved instead.
Discontinue using credit cards
Pay for everything with cash or money orders. This is to
minimize overspending because if you are using a bank or credit account, you don’t
know how much is in there. Compared to when you’re using cash, you can monitor
how much money left in your pocket and know that you have to limit spending
over.
Pay your bills on time
Pay your bills on time to avoid additional charges or
penalties imposed by the billing company. Instead of paying additional amount
of money, it can add up to your saving account.
List before you go shopping
List first the most important things to purchase before
anything else. The purpose of list is to make sure that you bought what you
really need or what you call your basic needs. Without a list you will probably
buy items that you do not need. Buying all that you need in one trip can help evade
another unnecessary trip. By making list, you can determine how much your budget
would be.
Conserve energy
We pay our electricity bills regularly. If we conserve
energy, we can save money from it. When electric appliances are not in use,
unplug it. By unplugging it can save a lot of electricity compared to by just
switching it off. Switch off lights when not in use.
Minimize eating outside home
Eat at home to minimize food expenses as we all know that
food from restaurants or fast-food establishments are more costly compared when
you cook your own food. If the wife and husband is both working , have a time
to cook for at least thrice a week and then increase the frequency until you
both are comfortable to the schedule.