Hi all,
I wanted to share some exciting tips on how to save more money each month. Because, the best way to stay out of debt is to have a good knowledge on finance, that is how to earn and save more money. To earn more you can do various kinds of part time jobs. However, the most important part is how to save money. The various ways are:
1. Open savings account - Open a savings account and put money into it each month. You shouldn't take out money from this account for months. Draw money from this account only when you face difficulty in paying off dues, thus avoiding falling in debt.
2. Save money from every day utilities - Don't keep your computer running while going to sleep. Change traditional lamps for fluorescent ones. Don't use a refrigerator if you don't need it.
3. Buy items really needed - Avoid buying items just because you liked it.
4. Make a list - Before going for shopping, make a detailed list of what you need. Try to maintain the list while buying items.
5. Pay bills on time - Pay bills on time, thus avoid accruing late fees. Late fees add up and accrues into great amount of dents. Remember while paying the late fees, you are giving away more money than needed.
Thanks
how to save more money
Hello,
Excellent tips on how to save more money each month. In this time of financial crisis, we really need to save more money and save ourselves from falling in huge amount of debts. However, I would like to add a point to this list of tips for saving more money. Along with all these the most important thing to do is to have a track on what we are doing regularly with our money. We should make a list of our income, expenditures and savings. This should be done on a monthly basis.
Thanks,
Kate
All great tips. Another thing I like to do is take advantage of sells like buy one get one for half off or for free. I only do this with items that I use every single week like wipes, ketchup and others.
I also read somewhere on here another idea. Someone mentioned when they got an amount from the cashier (at the register) and was using their checking account they would round up the amount to an even number when putting it in their register book. I tried this for one month and found it reaslly added up A LOT. You can always write the original amount beside the other amount so when you balance your checking it is not too hard to do.
thanks Aaron. I would also suggest joining the savings clubs at your bank. I mean the Christmas Club, the Vacation Club and a new one Mortgage downpayment club. My bank will take auto transfers and not give you access to the funds until they are disbursed at the appointed time. the mortgage savings clubs have bonus contributions or closing costs help. New saving accounts have deposit bonuses too.
save money
Yep.....really 'good ones' to work on. Thanks for the tips!! Also...( I think someone said this in another post) to put your 'spare' change into a jar, coffee can, etc. I do this alot!! It really adds up over time.