The economic recession has come with its set of hardships and lessons that will stay with us for a while now. Those who lost their jobs realized the importance of savings. So whether it is your proactive nature or tough financial situation that is forcing you to spend wisely, the following tips will prove to be helpful.
Gone are the days when coupon cutting was considered cheap. So cut coupons from newspapers and hunt for them online too. The rise of major coupon selling websites such as GroupOn, Living Social and Retail Me Not have made people even more aware of the phenomenon and given them easy access to lower priced options. The trick to use coupons in a beneficial way is to plan ahead. Yes, today coupons are available for almost every product and service category so note down your needs in advance and search for coupons. Use them when required and you’ll end up saving up to 90%!
When eating out, what is that you restaurants, cafes and other eateries for? Food and? Ambiance is the answer. Yes, it is that need for a change in your daily mundane lifestyle that drives you to go to restaurants. Save money by preparing something different to eat and go out for a picnic with family or friends to a location such as a park. If there is a convenient location near your office, go there twice or thrice a week with your lunch pack and feel the difference.
Carry Less Cash and no Plastic Money at all
Some people have a very freehand. The more cash they have in their wallets, the more they end up spending on a trip. If you are one of them, admit it and stop carrying cash around that you think will get spent up unnecessarily. And don’t forget to forget your plastic money at home!
Transportation is one of the things that have a lot of room for saving. There are a lot of factors that can help you save on transportation. If you do want to save up on conveyance consider the mode you adopt to travel. If you have two vehicles at home, prefer the one that consumes less fuel even if it is your spouse’s. If you travel to a certain location on a daily basis, consider opting public transportation instead. If you drive to nearby locations such as your college every day, consider walking to them instead. Not only will you save up on fuel, you might even be able to replace the walk by tread-milling at the gym, which means saying bye to another cost.
When visiting new places such as a city or even a country, keep your back pack stuffed with all the things that you think you could possibly need. Certain locations such as airports and other tourist populated areas charge higher than usual prices. So it is better to keep in stock items that you know you’ll need such as camera cells and mineral water.
Allan has been writing about personal finance for a couple of years. His favourite topics include savings strategies, term deposits and savings accounts. When he is not blogging, Allan loves spending time with his family.