Money is an important part of life. Everything seems to hinge on money these days. The more we splurge, the less money we end up saving for our future requirements and priorities. All you need to do is plan in advance, and with few saving strategies you can save every penny that you squander away and repent later without overshooting your domestic budget. This article will help you save money with simple ways to save money.
Here are few things which you can do to save your expenditure:
1. Use of Savings account
Make sure that you keep minimum funds in your checking account, rather put your extra funds into your savings bank account, it will get you more interest.
2. Look for deals
Be active and look for a better deal, request better packages from the service providers. Whether its your phone plan or your wifi connection. There are many money saving deals available.
3. Programmable thermostat
You can easily save 10-20% on your cooling and heating bills. Trust me you will save quite a substantial amount with this.
4. CFLs to be installed
You can save energy by installing compact fluorescent lights. Not only they need to be replaced less often but also only a quarter of electricity of normal bulbs is used.
5. Plan your vacation well
If you organize your trip properly, you can save quite a lot of bucks. Checking out a cheaper accommodation or booking your tickets well in advance can help you save.
6. Use of coupons
Coupons can be used for groceries, books and other online purchases. They are available on the back of receipts. You can also check out Ebates, an online resource.
7. Insurance
You should buy insurance whether its auto insurance, health insurance, home owner’s insurance or any other type of insurance. You might have to pay premiums, but later if you have to file a claim it would be extremely small.
8. Household chores
Try to run all the chores. You can clean your house, wash the dishes or wash your cars on your own. You will be more satisfied and at the same time you will end up saving few bucks.
9. Land line days are gone
Everybody uses cell phones these days. You get better plans and call rates. It will definitely make a difference. Land-line is just another hassle.
10. Library
Borrow movies or books from the library. You don’t need to spend on DVDs or CDs and even on books. Everything is available online for free including eBooks.
11. Used furniture
There are many furniture expos for buying used furniture or you can check newspaper ads or sales. Even new furniture dealers can be contacted. It can be purchased for nearly fraction of its cost new.
12. Carpooling
Always drive with fuel efficiency in mind. If you know friends who travel through the same route as yours carpool with them, rather spending so much on fuel.
13. Save on shipping
Try to pick up your supplies on your own so that you wont have to pay any delivery charges. Or if you running out of time tell your family member or friend to do the work.
14. Wholesale and bulk shopping
When you visit a store ask the vendor about the bulk rate or join various clubs so that you might not have to pay retail price. However don’t compromise on the quality, but never make an impulsive purchase.
15. Online payment
You can pay your bills online, lot of time and postage fees can be saved. Sometimes discounts are also offered to the customers who pay online.
16. Food expenditure
You can cook at home. You will be saving a lot of money spending on the meals outside which are not even hygienic. Try to cook for multiple days if you don’t have time. Perk your own coffee. Limit your alcohol intake or any other form of mind altering substances. Trust me you can save a lot and you will definitely realize it later because it will not overshoot your budget.
17. Use of points
Points, cash reward cards or a cash back based credit card can be used that gives you the best return for spending. Many such schemes are available.
18. Reuse
You can use your plastic bags as trash bags. Even the gift papers can be used and other paper products. Old clothes can be used as curtains and for kitchen use just by being little creative and using old buttons and accessories.
19. Public transportation
Use buses or local trains instead of spending on cabs. Rather walk or go cycling. Leave your car at home, atlas you wont have to spend on parking tickets.
20. Plan your outings well
Make sure when you go out you organize your trip well. Always carry a water bottle with you, book the tickets or make a reservation in advance and ask for discounts. Go for the morning shows for the movies or during the weekdays.
21. Cancel all the subscriptions
You can get the daily news online. Get rid of the newsletters and monthly magazines.
22. Health is wealth
Take care of your health. You are what you eat. Make sure you exercise regularly so that you don’t have to visit doctors and shell out on enormous fees.
23. Save electricity
Use ceiling fans or the portable ones instead of air conditioners, keep the windows open and make use of shades and blinds. Or if its extremely hot you can turn in the ACs for an hour or so. Also change air filters monthly and make sure air conditioning thermostat is not near the TV or any other heating appliance which will cause it to run longer.
24. Gas efficiency
You can cut down your fuel cost by taking few measures. Make sure the tires are inflated to proper pressure, it will definitely improve the mileage by about 3 percent. Also driving with AC on can increase the fuel consumption by about 11 percent. You can also apply solar film.
25. Cut down Salon expenses
You can do your own manicure and pedicure at home and spa. And even shave your legs or do your facial massage everyday. Many videos are available on you tube. Salon expenses indeed cost you a bomb. Call your girls at home to kill the boredom.
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Some more uncommon ways to save more money this year:
Money is the one of the most important things to survive in life. Money is mandatory for every individual to survive in the long run. It is said that one can live with the help of love and affection; but it is equally important to have the money. Those things which have to be bought with money has to be bought with money. It cannot be replaced with anything else. It is always advisable to save some money for the old age when a person is in their crucial stage.
In the time of economic recession some of the Best way to save money is to first understand and track the inflows and the outflows of the money received. There are always chances that the outflows are higher than the inflows. One has to be very careful and keep some money ready for any future emergencies.
Some more tips to save money are as below:
26) Remain healthy – One should always take healthy food and remain healthy. It would be little expensive to spend on the healthy food; but the long term effects which the healthy foods gives is very good. A healthy mind can think better and healthy body can work better. The money can be saved by giving less to the doctors and hospitals.
27) Investing in natural source of energy – The house owners should always prefer to invest in the natural source of energy. For e.g. it is advisable to go for solar system in the homes as it will save a large amount of electricity cost. The initial expenses are high but in the long run the person can reap the fruits by saving money.
28) Doing work on your own – One of the best tips to save money is to do all the household chores on your own rather than depending on the servants. For e.g. the washing of laundry, cleaning utensils and even cooking can save a lot of money in the long run.
29) Budget your expenses – It is essential for every individual to have a budget for oneself. The person should list out the expense and accordingly account for it.
30) Control spending temptation – The best way to save the money is to refrain yourself from major spending temptations. It is better to keep away from friends or family members who often invite you to go for shopping.
31) Keep away from debts – It is advisable for the person not to use credit cards or to take loans. It should not be taken preferably unless and until there are emergencies.
To save money is hard but once a person starts the habit of saving it is very easy to continue with this habit. One should always pay off the debts first and then start saving so that there is sufficient amount of money left for the person when he or she retires after a long stint of work. Try to buy the required grains and other items on a wholesale basis which can save a huge amount of money.
So these are some of ways to save money that can save your penny. Implement these guidelines in your day to day activities which will not overshoot your budget and definitely help you save money for your future.
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