Money Saving Tips

Come New Year or your Birthday and the first thing that comes to mind is that you are going to change over a new leaf by cutting down on expenditure and saving money. Fast forward a couple of months and you are back to square one! Many people spend more than they save, leaving little or practically no monthly savings. Not only is this practice unhealthy and irresponsible, but it also creates unnecessary tension during times of emergency, when you desperately need money but don’t have any. The good news is that there is still time to change all that start saving money. The bad news is that you are still unaware of the numerous ways to save money. Read on for useful money saving tips for a frugal lifestyle!

Do not keep credit cards with you. With credit cards, we often end up spending more than we should.
Prepare a budget for your expenses in the beginning of the month and make sure to stick to it as much as possible.
Before going on a shopping trip, prepare a list of the items that you want to buy. This will help you in not forgetting the important ones and not getting the ones that are not there on the list.
Before shopping, scan the newspapers and magazines to look out for stores that are offering discounts. This will help you save quite a lot.
Never ever throw away any discount coupon. You never know when it might come in handy.
In case of things that you didn’t go shopping for, postpone your purchase till the next day. It will help you make a better decision.
If its only e-mail and chatting that you do on net, get a bit slower internet service. It will cost less, while you will hardly notice the difference.
Save on your electricity bill by going for a gas water heater instead of an electric water heater.
If you love reading books, go for library membership instead of buying new books every now and then.
If you cannot go without reading your favorite magazine, it is better to go for yearly subscriptions. They cost you less.
Buy things over the internet, especially under the bidding system. You will be surprised to get good condition items at dirt cheap prices.
Replace incandescent bulbs and tube lights with compact fluorescent light (CFLs) bulbs.
The insurance that requires you to pay half-yearly, quarterly or monthly often cost more. Go for the ones that charge annual premium.
If you have a cell phone and remain outside the home for most of the time, it is better to get your landline connection disconnected. It will save you on the monthly rent.
Switch off the lights and fans when you go outside a room. It helps in reducing the electricity bill.
Take lunch from home everyday. Eating out during lunch is not only costly, but also unhealthy.
Stop smoking and drinking. It will not only cut down on your monthly expenses, but also give you a better health.

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