This article looks at how you can do that and also cut or save costs on certain things thereby reducing your expenditure.
How can you save more money?
And we do not just mean saving money by keeping it safe in the bank or untouched without spending, this article looks at how you can do that and also cut or save costs on certain things thereby reducing your expenditure.
The need to save more money
Many people today have the "eat and drink, for tomorrow we shall die" mentality. While that is not a bad mentality in its entirety, it is a major reason why such people find it difficult to save money. Almost everyone agrees that it is important to save money, as such savings come in useful during emergencies or unforeseen occurrences.
Below are a couple of reasons why people are unable to save money.
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Having more expenditure than income
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Habits such as gambling
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Accumulated debts
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Not earning enough among other things.
15 tested and trusted tips on how to save more money.
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Live within your means- ensure that your expenses are not more than your income. True your income may be meagre, try changing jobs or getting a second job to support yourself
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Make a budget and follow it strictly. This would make following the first point much easier.
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Avoid impulse buying. Discipline yourself to only buy what you planned for
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Prioritize - separate your needs from wants.
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Eat healthily. Junk food is more expensive than healthy meals and eating healthy also saves you money that would otherwise have been spent on healthcare.
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Shop with vouchers and coupons whenever possible
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Shop from the open market rather than malls and supermarkets. Most items are usually cheaper when gotten from open markets than other outlets.
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Drop some lifestyle habits such as smoking and excessive drinking. If you do any of these, a great percentage of what you earn goes into funding that habit. It is time you dropped the habit and saved money for other things that could be beneficial.
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Where possible, buy second-hand items.
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Keep your gadgets/electronic devices and other things you own safe. Maintain them according to the manufacturer's instructions. This way you save money on repairs or replacement
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Walk short distances, ride a bike, or use the train or other forms of public transportation rather than e-hailing services such as Uber.
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Avoid buying on credit
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Have a piggy bank at home. This way you get to save loose change that is usually spent on frivolities such as candy and gum. You would be surprised how much you can save by doing this at the end of the year.
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Reduce your utility bills by not wasting water and turning electricity bulbs off when not in use.
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The last but in no way the least way you can save money is to watch your association. How? Avoid making close friends with individuals who do not have to worry the way you do about money and would pressure you to buy whatever they are buying. Friends can exert a huge influence on our lifestyle especially when it comes to money and spending. In a quest to "feel among" you may find yourself living above your means and running into debt.
As a bonus point, you can save money by setting up a savings or investment account. The secret is to "pay yourself first". How? As soon as you get your income for the month, after having drawn up a budget, decide what amount you can reasonably save and deposit into your savings/investment account before taking care of other expenses. Like every other goal you have set for yourself, the goal of saving money is not an easy one. Find out ways you can reach the goals you set. https://smartsmssolutions.com/blog/120-sms-marketing/personal-development/1459-how-to-set-goals-and-reach-them In addition to the points mentioned above, there are some other things you can do to achieve financial success. https ://smartsmssolutions.com/blog/120-sms-marketing/personal-development/1546-how-to-be-financially-successful
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