Some Money Saving Tips
It may be easy to talk about saving money, the hardest thing about it is the doing part.
I am not saying that I am the best when it comes to saving money however I have my own little ways of doing it. The following are some money saving tips that I have personally applied throughout the years:
1.) Be electric consumption conscious – This is probably one of the best money saving tips I could offer considering the rising cost of electricity. Monitoring your electricity usage could save you a lot of money. This can be achieved by turning off appliances and lights that are not in use, shifting to energy saving light bulbs, turning off your electric water dispenser and your refrigerator during the night time and buying new home appliances. Most experts will tell you that new home appliances are more energy efficient than old appliances. In our own personal experience, when we started becoming more electric consumption conscious our bill went down by almost 25 %.
2.) Save loose change – My mother has taught me a lot of money saving tips, but this is one good habit that is very difficult to break. It may seem insignificant to collect loose change at first. But if you are religious in collecting it, it will start to grow. There was one time when the loose change I saved reached more than P 10,000.00. ($200.00 U.S plus)
3.) Recycle – More than 3 months ago I started implementing this new program. I started to collect plastic, glass bottles and containers. I now have 4 sacks of recyclable materials and I will be selling them by the end of the year.
4.) Not buying from the convenience store – Filipinos have commercialized “convenience stores” but we also have our small scale convenience stores called “Sari-sari” store. This is your friendly neighborhood store where you go to when you run out of shampoo or cooking oil. This may be all right if you badly need the stuff. But if your everyday needs in the sari-sari store you might end up spending more than you expected. It is expected that sari-sari store are more expensive than the grocery stores as they have already added some profit to their selling price.
5.) Eating out less – This is one of the money saving tips that most financial experts agree upon. I think nobody would argue with me bringing lunch from home to work is definitely much more cheaper than buying lunch outside. Frequently eating outside especially in restaurants will surely make a dent in your pocket book. If you are a “leisure eater” and would like to satisfy your gastronomic cravings by trying out new restaurants, just try to schedule and limit your restaurant visits to once a week or once a month.
Do you like to know moremoney saving tips ? Visit the blog of Zigfred Diaz where he blogs about several interesting topics such as investments, money management, business, making money online and Stock market investing
