Here are 10 more ways to save some money. I am not suggesting being a miser, but learn to be frugal.
1. Give personal gifts rather than splurging on an expensive gift. A handwritten card can mean a lot more than an expensive camera.
2. Entertain wisely, rather than expensively. A quiet dinner at home with friends is much cheaper and more exciting than a $100 dinner at a fancy restaurant.
3. Always ask for a discount. You’ll never know when you might get one.
4. Experiment with “house brands”. Some of them are as good as the original brands, especially those for house cleaning.
5. Spend paper money. This helps to rein in your expenditure. Spending on plastic is the classic way to kill yourself with un-necessary expenditure.
6. Use cold water to wash your clothes and lower the temperature on your hot water shower. Your clothes will last longer, the colors wont fade and you’ll save a bit on electricity and heating.
7. Want to save on long distance phone calls. Learn to use Skype. It’s free and all you need is a computer and an internet line, which you already have if you’re reading this.
8. Opt for interest free bank accounts. Never go for accounts like HSBC’s Powervantage account which charges you a monthly fee of $10 when your balance goes below $2000.
9. Buy in bulk. Cereals, dish washing fluids, detergents and other house hold items can be bought in bulk from discount stores which add up to quite a bit of savings annually.
10. Switch all the lighting to energy saving bulbs. Energy saving bulbs, while they may be pricier than normal bulbs, will repay your investment after 18 months.
11. Inflate your car tires to their correct pressure and remove unnecessary items from your car booth. This makes your car lighter and consume lesser fuel.
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