Easy Ways To Save Money

There is no denying the fact that saving money is easier said than done. But as the saying goes ‘Nothing is impossible’, you’ll realize after reading this article that saving money is also not impossible! It does not have to involve making life-changing sacrifices, all it requires is to take some wise decisions and make a few minor alterations to our lifestyle.

Here are some easy ways to save money, by bringing in minor changes to what we consider to be a desiderata in our daily lives:

On Groceries:

– Make a budget. It is the first and foremost thing which should not be ignored.
– Make a list before walking into the store.
– Before leaving, check the pantry, fridge, and cupboard to ensure that you don’t buy what you already have at home.
– Inquire about the sale period in your store.
– Avoid buying prepared food, instead cook yourself double the usual portion and freeze it for later.
– Be open to buy in-store brands, as the quality is the same as the regular brands and anyway, the brand name mustn’t matter when saving.
– There is nothing wrong with using coupons, they are as good as cash. Look for them in the Sunday newspaper.
– Look for your store’s weekly advertisement fliers on any offers or discounts.

On Holidays and Christmas:

– Plan a holiday during the off-peak season.
– Go to an offbeat vacation spot.
– Conduct a thorough research on the offers available with different travel agents.
– Opt for a family package, instead of individual deals, while holidaying.
– If you are the adventurous kind, then plan a vacation yourself, instead of having it done from an agent. Choose the destination, mode of travel, and plan out the expenses accordingly.
– Book the flight tickets in advance to get cheaper fares.
– Avoid shopping at duty-free stores, as they are overly expensive.
– Make a list for your Christmas shopping.
– Don’t wait for the last day, start your Christmas shopping early. Grab the offers as they come, or else you might have to spend much more later.
– Try to make homemade gifts for your near and dear ones, as they are not only cheaper, but they would mean much more than merely buying gifts from the store.

On Utilities:

– Disconnect the landline phone in the house, if all members of the family use cell phones.
– You could also use Skype to make free phone calls.
– For electricity, opt for fixed-bill plans, wherein a specific amount is payable every month.
– Change your incandescent bulbs to the energy saving CFL (Compact Fluorescent Lamp).
– Use a fuel efficient car.
– Get a programmable thermostat, as it automatically regulates itself according to the outside temperature.
– Instead of washing your clothes with hot water, use cold water, as that can save a lot of energy.
– Obtain credit cards without annual fees.
– Make ‘auto pay’ payments to the credit card companies, to avoid being charged a late payment fee (if you are not in the country or just forget to do it on time).
– Avoid getting a cash advance, as they come with a higher interest rate.

On Entertainment, Eating Out and Exercise:

– Rent a DVD, instead of buying one or watching the movie in a theater.
– Avoid eating out, except for weekends or so, and take a brown bag lunch to work. This would take care of your health too.
– Book your tickets online and in advance, for events and concerts.
– Instead of taking your friends to a fancy restaurant, invite them home for a house party, it will be more fun and you wouldn’t have to spend a lot.
– Get yourself a library membership, where you can get free books and magazines, and could also get free Internet access.
– You don’t really need a gym membership. The best alternative would be to spend quality time with your family. You could play a sport with the kids, which is a much more enjoyable workout.
– Visit local museums and zoos, they usually have annual passes, which means that with a one-time fee, you can make multiple visits to see your favorite animals.
– Read online magazines, instead of subscribing to the print ones.
– If you must go to restaurants, then go for lunch, instead of dinner, as they are relatively cheaper.

On Kids:

– Kids can earn their daily allowance at home by doing some chores. It also helps them become more responsible and frugal.
– Sell the ‘no longer in use’ stuff like old toys and comic books.
– Set up a savings account for the children.
– If the kids have saved any money, then make sure to invest it, by opening an investing account, wherein you get returns in the form of interest.
– Teens can take up a job like babysitting, pet sitting, gardening, and many more.

I am sure, while reading through the article, you must be thinking that you already knew about most of these points. But what’s important is how much of it, do we actually follow. Hence, it is better to start now than repent later.

Money Saving Tips for College Students

Are you familiar with these woes? College goers, if money is worrying you, then this article on money saving tips for college students will give some solace to you

College life is full of fun, but in this fun-filled life we forget to manage our expenditures according to our needs. Sometimes we invest on things which are not into our priority list. This is called careless investment. While at other times we spend extravagantly on our friends just for the sake of fun and enjoyment. Away from home, we are sometimes tempted to do things which were restricted by our parents. The ultimate outcome is, we run short of money. So, money saving policy is very important not only for the college students but for every person. I shall definitely help to get few good money saving ideas for college students.

Tips for Saving Money

There are many ways by which you can easily save your money and invest it in the right direction. The following money saving tips will guide you.

Managing the Account Balance: First keep a track of the money in your account, then decide your monthly investment and expenditure according to the amount available.

Your Cost of Living: It is very important to know your cost of living no matter you have an extravagant or a mediocre lifestyle. Know in which direction you are spending your money and then start saving.

Jot Down the Expenses: This is a very useful money saving tip for college students. Build a habit to write down your daily expenditures. This will help to know your exact investment everyday and you can curtail down if you are spending more than you need to.

Savings Policy: When you have learned the money management policy, you can start saving a certain amount every month in your personal account. Go through the various saving policies of different banks and start saving using the best policy with maximum gains.

Know How to Save Money

After reading these tips, you might be thinking how to curtail wasteful expenditure, how to invest in the right direction and how to change the lifestyle as a whole. Well, it is very important to know how to save money.

Credit Cards: If you have credit cards go for the ones that have the lowest interest rates. Try not to withdraw a big sum at one shot or purchase things with your credit cards always. This can be quite dangerous at times due to online theft.

Payments on Time: Make a habit to clear all the dues within the given time. Electricity bills, house rents, food allowances, etc. should be paid on due date, to avoid the burden of huge overdue at the last moment.

Tuition fee: Avail the various scholarships for college students to get a discount on your tuition fees. You can also go to banks to get a loan with low interest rates. This plan can save the money from being spent at one shot and you can repay in installments.

Commuting and Traveling: If you are an outstation college student, try to get an accommodation close to your college, so that the traveling cost is minimized or saved. Don’t go for luxuries like car rather commute by bikes, buses and other regular modes of transport. Prefer walking if you stay nearby your college.

Sharing Basis: Try to go for a sharing basis accommodation. This will curtail your monthly rent, food, and other bills. This money saving tip for college students is really a helpful tip for saving money.

Cut your Daily Entertainment: If your entertainment routine with friends is sucking too much money just avoid it. Regularly going to discos, pubs, restaurants, parties, movies and many group hangouts involve huge expenditures. To save your money from being spent, avoid these unwanted activities as much as possible.

Food and Drink that Save Money: Don’t get tempted to have fast foods and junk foods everyday. Go for daily meals and healthy diet. Invest less in expensive restaurants and cafeterias. Avoid intake of alcohols regularly. This habit not only involves wasteful expenditure but is also harmful to your health. You can even try cooking by your self in your personal electric oven. This way you can save some money.

Collect Books: You can sometimes avoid buying the expensive books by collecting it from your seniors or libraries. You can also go for second hand books at low prices or get the photocopies of the original books. Try to download it from websites or get the CDs of the books. This is one of the easy money saving tips for the college students.

Earn a Few Bucks: You can also add some extra bucks to your pocket in many ways. Try the Google Ad Sense, the RSS feeds or create blogs to make money. You can also try freelancing in various newspapers or magazines during free hours to get some extra income. Save the extra money earned and utilize it when you need.

Other Expenditures: Keep a check on extra expenditures like phone bills, Internet usage bills and other bills related to electronic gadgets. Go for the cheap plans available to cut down your expenses and save some money.

These money saving ideas for college students are easy to follow. So, college students, kindly try not to be too extravagant or prodigal. Spend less than you earn. I hope these simple money saving tips for college students will prove to be useful.