It is important to save as we cannot predict what is
going to happen tomorrow. We may lose our job or the economy may take a hit or
we could experience other emergencies. Experts always advise that we should
always have a minimum savings that would cover three to six months or our
regular expenses. We need to set aside some savings for emergencies and to
avoid going into debt. But how can we save?
1. Shopping List
Make a shopping list before heading out and stick to it
when you’re at the store and avoid buying on impulse or unplanned purchases.
2. Stop Using
Credit Cards
If you’re easily tempted to use your credit cards to make
purchases, you should keep them in a safe place at home and not in your wallet.
Save it only for emergencies. The saying “Out of sight out of mind” in this
situation would play an important role.
3. Prepare Home
Cooked Meals
It not only saves you money to prepare meals at home but
it also has the added benefit or it being healthier.
4. Look over Your
Mobile Phone Bill
Look into different service providers to see who would
offer you the best deals at a cheaper monthly subscription rate. If you do not
want to swap service providers, you could at least look at your monthly bill
and cancel the services you’re paying extra for but not using.
5. Waiving Fees
Always try and ask for fee waiver, whether it is for your
mobile phone subscription or credit card fees.
6. Cable Channel
You Don’t Watch
We often pay for premium services on our cable but hardly
find any time to watch all of the channels. So why not get rid of the channels
you don’t need and start saving the money each month.
7. Changing Banks
Look at the different banks and the advantages and perks
each bank has to offer and move your bank accounts to enjoy such perks. There
are some banks that not only offers sign up bonuses for opening an account but
they also offer very attractive interest rates.
8. Fix Your
Clothing Instead Of Throwing It Out
If you have a missing button on a shirt, sew a button on
to it. If you don’t like a skirt/dress because it is too long then hem it up.
And if you don’t know how to sew, get a family member or friend who knows how
to help you. Even if your clothing has holes in them, put a patch on it and you
will still be able to wear it around the house when you’re working on chores.
9. Big Money Need
Not Be Spent To Entertain Your Children
If you raise your children right, what they want most is
your time and not things. Spend the day at the beach, have a picnic. Explore
the different parks in your country. Do a fun puzzle together or watch a good
movie at home.
10. Turn off The
Lights
Turn off the lights whenever you leave a room in your
house or when you leave the house. When you have plenty of sunlight, you need
not have to turn the lights on. This will help keep your electric bill down.
