We all know “Saving money is earning money”, but staying in country do you know simple ways by which we can save money ? You need to trust me because you are going to save plenty of money ...
We all know “Saving money is earning money”, but staying in country do you know simple ways by which we can save money ? You need to trust me because you are going to save plenty of money now with thee simple ways.
I had been so immature with my money management in initial phase of my earnings, I could hardly think about mistakes I was doing and loosing plenty of money unnecessary, but finally with regular practices and money management I was able to learn this simple money saving tips.
1) Save money on electricity
How many times you have left lights and fans running when no one is in room? Well, I have done many times and I accept it. I have even sometimes kept running my A.C. just to make sure when I enter in my room it should be cool and comfortable, bad habit? Hmm.
In past there were few months where my electricity bill or recharge did crossed more than 7k.
Try to switch off most of electrical appliance when they are not required. I would also suggest to go for florescent or LED bulbs as compare to regular light bulbs, they are also very helpful in saving money in long run.
This is one of best money saving Tip which can save money wherever you stay in country. Correct?
2) Stick to your monthly budget
Making a monthly budget and Sticking to it is not an easy job, but trust me it is not so difficult also. Once you started for a month, it will continue automatically for next month and you will realize you are making a track record of your monthly expenses.
Note down your monthly expenses, there will be some expense that needs to pay in cash, some from online banking (like EMI,FD,RD etc..) and some via debit or credit card.
Keep a record, but make sure keep it is easy and simple. Check for any gap where an extra money was lost which could have been saved. Trust me it may looks time taking and cumbersome job but it is worth trying, Try it and see results yourself.
3) 2 plus 1 offers
We all have come across with offers like 2 plus 1 free or buy 3 get 1 free. Avoid those. These are really good market techniques. Ask yourself do you really need 4 of them? Not really.
Stick to your plan and needs. You can buy another piece indeed if you have requirement.
4) Stay Away From Amazing Discount Sales
We all come across with this amazing marketing techniques especially in festivals like Diwali dhamaka sale, Buy 1 get 2 free, Diwali sale day etc..
These sales not only attracts us but also attracts our money, Many times we purchase more than what we actually need. Quality is another factor in these sale offers. Better stay away from these schemes. Buy products from better online store like Diyas for diwali, candle, lights etc..
Plan and decide our requirements and accordingly make purchase. This will not only gives us a systematic budget planning but we will see no compromise with our happiness either.
Also make sure any purchase you make online must be evaluated good. Like i am found of toy guns and i keep collecting it. But i make sure i purchase Toy gun from a better market place online.
Finally , Read some best of books on Personal finance management Psychology Articles, we all are not perfect and a habit is not formed in a day. Keep trying and all the best.
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