Hello everyone,
I was bored today and currently my country is living in a middle of a financial crisis, so that's why I compiled a really small list with a few tips for saving money, or at least making a wise use of it.
1 - Shopping:
When you go shopping, especially grocery shopping: make a list and stick to it.
Put in mind that you will only buy the things listed, and they must be really required. Take away all the optional stuff.
Also remember to never go to grocery shop on an empty stomach. Or after a busy day of work. You'll be way more inclined to buy bad food or things you don't really need.
2 - Work:
If possible, bring your own lunch to work every day.
You'll save a lot of money and also drink water. Good for your health and the environment, plus you can save money by not buying soda or juice.
3 - Don't be penny wise, pound foolish:
Many people try to cut costs by shaving off a few cents on items which they don't buy very often or were already cheap to begin with.
Real savings can be found in big things, so start by looking at your cost of living (it's often cheaper to own a house than to rent one and make sure to shop around for low mortgage rates) and cost of transportation (I save a ton of money by going to work by train so I don't need a car).
Living smaller/lower key than you can "afford" is one of the fastest most effective ways to save money.
4 - Earning on the side:
Find something you enjoy doing. Most hobbies also have a way to earn money.
5 - Wait for it:
When you plan to buy anything expensive, try to wait a month before buying it. If you still want it after a month, then you can buy it.
After 15 days, you will think again if you really needed the thing you wanted to buy.
6 - Sell random stuff you don't need. Someone will buy it.
7 - Keep track of your daily spending.
For one week, write down every purchase you make. Everything - even if it's something small like a bag of crisps.
You will be shocked at how much money you is spending on small things you didn't really need.
.
What you do to save your money?
I was bored today and currently my country is living in a middle of a financial crisis, so that's why I compiled a really small list with a few tips for saving money, or at least making a wise use of it.
1 - Shopping:
When you go shopping, especially grocery shopping: make a list and stick to it.
Put in mind that you will only buy the things listed, and they must be really required. Take away all the optional stuff.
Also remember to never go to grocery shop on an empty stomach. Or after a busy day of work. You'll be way more inclined to buy bad food or things you don't really need.
2 - Work:
If possible, bring your own lunch to work every day.
You'll save a lot of money and also drink water. Good for your health and the environment, plus you can save money by not buying soda or juice.
3 - Don't be penny wise, pound foolish:
Many people try to cut costs by shaving off a few cents on items which they don't buy very often or were already cheap to begin with.
Real savings can be found in big things, so start by looking at your cost of living (it's often cheaper to own a house than to rent one and make sure to shop around for low mortgage rates) and cost of transportation (I save a ton of money by going to work by train so I don't need a car).
Living smaller/lower key than you can "afford" is one of the fastest most effective ways to save money.
4 - Earning on the side:
Find something you enjoy doing. Most hobbies also have a way to earn money.
5 - Wait for it:
When you plan to buy anything expensive, try to wait a month before buying it. If you still want it after a month, then you can buy it.
After 15 days, you will think again if you really needed the thing you wanted to buy.
6 - Sell random stuff you don't need. Someone will buy it.
7 - Keep track of your daily spending.
For one week, write down every purchase you make. Everything - even if it's something small like a bag of crisps.
You will be shocked at how much money you is spending on small things you didn't really need.
.
What you do to save your money?
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