10 Easy Ways to Save Money

In reality, saving money is an indirect way of gaining money. It does not mean you shrink down your life style and save but just reduce your expenses from few sectors. Let us have a look at the easiest ways of doing so.

1. Make a budget every month:

Whether you are a family person or bachelor, always make a fixed budget for your monthly expenses. If you do not plan your monthly budget, you will not be able to calculate where you spent how much money. At the end of the month, you will not only be puzzled with your spending but there will be a very little amount left in hand. Once you start spending according to a plan,your saving will be greater than the earlier.

2. Start envelope budgeting:

This is another very much helpful and easy way of saving money. You must have several payments to be made in a month. Just keep the payments into different envelopes and pay out accordingly whenever needed. It helps you to manage an organized finance along with helps in saving money.

3.  Circulate money by gold investment:

Speculation helps you to save money but does not help you to make money. If you have a fixed deposit account to be ended in the recent time, do not make another account with it rather get some gold with it. At the present situation the gold value is sky high and you can make your money almost double by investing in gold. Thus, you are saving money in form of gold with much more profit.

4. Shrink down your phone bills:

Nowadays mobile phones are one of the big stuff on which a huge amount of monthly expense is involved. If you can cut down you phone expense a bit it will bring more saving for you. There are a number of network providers available on the market with a number of schemes. Pick out the cheapest one and save money.

5. Make a controlled use of energy:

Gas and electricity are the two most important parts of our daily life. But often we make a huge misuse of these. Try to use these only the amount is needed. Apart from this get the best tariff plan for your energy expense. You will find that a small cut in expense will result greater saving.

6. Make payments in cash:

If you have money and never use credit cards and make use of cash. However, credit cards seem helpful at times but at the end of the month you have to pay a great interest on your expenses that often becomes unbearable and also leads to a bad credit score. Better you use cash and save the money you had to pay as interest if used credit card.

7. Clear debt on time:

If you have debts to clear try your best to pay them off on time. At that time the situation might get tough but in long run it will help you a lot to save money.

8. Make an emergency account:

Always keep an emergency account and keep it updated with money whenever possible. It not only helps in tough situation but helps in saving too.

9. Make list for shopping:

Maintain list for shopping. This helps in reducing extra expense and saving money.

10.  Comparing prices:

Keep on steering on different supermarkets and compare prices and go to the one offering least price with good quality.

Following the above you can easily save money and lead a secured life. If you want to more visit business loan

 

 

Tags: Budget, Credit card, Expense, Mobile phone, Money, Personal budget, Saving

Category: Saving Money