10 Money Tips

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.