10 Best Ways To Save Your Money

May 17, 2018 0 By admin

The dream of every one is to save and earn money for their future, however because of vices it is now impossible for them to save. So here are the 10 best ways to save money.

ELIMINATE YOUR DEBT

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Sometimes it is enticing to borrow money from a lending company, and this is the cause why people are still paying their debt despite of working from years to years. So if it is impossible to eliminate this please do so and this could help you save at least 20% of  your salary and put it on the most important things.

TRACK YOU SPENDING’S ALL THE TIME

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It will be more easier for you to save money if you track your expenses. Make a list of how much you could spend on a daily basis. For example you only have a hundred pesos to spend in a day then, make a list on what you could buy to survive for that day.

CUT OR DOWNGRADE YOUR SERVICES

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If it is possible to cut down your services like cable or internet services you may do so. This tip could save a lot of money. If you think that you don’t need such huge bundle for your family then it’s time for you to cut down your services.

QUIT YOUR VICES

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If you spending too much on your vices (smoking, drinking and gambling) then it is better for you to totally stop your vices. It is more advisable to put your budget on vices into something important like putting it on your emergency savings or for educational plan for your kids in the future.

AVOID EATING IN A RESTAURANT/FAST-FOOD

Eating in a restaurant or fast-food is costly. You could save money by avoiding eating in a fancy restaurant or fast-food. If you could have time to prepare food at home then it is much better since you could secure the freshness of the food that you serve to your family. And you are assured that your family are eating healthy foods, well you could treat yourself and your family in fast-food or restaurant let say twice a month.

HOMEMADE LUNCH

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Having lunch in the office or school is cool but spending too much on it is not cool. What we could do is to prepare a pack lunch. It  saves not only money but also time going to restaurant or fast-food. And you could meet your deadline since you could eat and work at the same time.

STAY-CATION

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Planning for your  next summer destination? Why not try to visit and discover precious gems  near you. Meaning you could possibly take a tour around in the cities near you. You don’t have to go to far places just to enjoy summer because i bet there is something in your place that you did not yet discover.

LOWERING YOUR ELECTRIC BILL

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Try to lowered down your electric bill if possible. Just do the basic electric energy saving tips like turning off the lights when not in use, if it is sunny try not to use the dryer to dry your clothes, you could use the natural sunlight to dry them.

AVOID USING CREDIT CARDS

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Some people uses  credit cards to pay their bills and stuffs since they think that it is more accessible for them for they are not carrying cash with them. Well technically it is more hassle for you if you use a credit card especially when you forgot your due date. So i still preferred to use cash in everything so that you could still manage your money and you expenses.

KNOW YOUR WANTS AND NEEDS

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Spend more on your NEEDS not on your WANTS. When pay day comes separate your money for your needs like foods, clothing and bills. Then the extra you could now spend them in your wants.

These tips could help you save money it is not that big, but if you try to follow these simple steps it will compound and you will surely love the results later on.