Here are some simple ways to save some money.
1. The best way to save is to build a LIST of specific bargains that you find over time. This will save you a lot of TIME and MONEY.
2. Turn off the power of unused items in your house. Do let let your TV or VCR to lay idle in Sleep mode because their still consuming power. Contrary to what manufacturers say, your TV.VCR, cooker, Hi-fi do not stop consuming power when their idle. They still consume 2/10 of their usual power. Compound this over the whole night of 12 hours and you’re paying for a lot of wasted electricity. So take out the plug from the wall.
3. Drink water instead of soft drinks. Not only is water cheaper but it is also healthier and will not make you FAT.
4. Learn to trade or share with friends. Borrow a toaster, car pool whenever possible, borrow and lend books – all these little things help save money.
5. Make your own lunch. While this sounds like a lot of work, making your lunch is cheaper and much healthier.
6. Pay off your credit card debt in full every month. The interest every month on the carry over balance will kill you if you let them compound. Compounding interest is good, when it works for you, not against you.
7. Look for opportunities to switch credit cards when possible. A 0.25% lower interest can result in hundreds of saved dollars in a year – enough for for a vacation!
8. Switch to debit cards. Then you wont end up over spending.
9. Do not use your credit card. BUT do not cancel them. Having a credit limit but not using it helps build credibility when its time to get a home or car loan.
10. Cut down on drinking and smoking. I am not asking you to eliminate the habit completely. But cutting down by 10% saves you 10%.
Comments
Leave a Reply
Loading ...