Sunday, June 8, 2014

A Guide For Beginners On Money Saving Tips

By Wanda Rosner


People love money, and would love to hold on to it for along time, except for the fact that it is very hard to do it. Ironically, there are countless little steps to save money that people tend to overlook. Having said that, there is a great probability that you too have overlooked a couple of them from time to time. Below are some money saving tips to help you in future to save some money if put in discipline and effort.

Switching your bank account from a bank that charges too much maintenance fees to one that offers cumulative interest can help you save a lot of money. Saving money involves a lot of sacrifice and self preservation, and you should not let your hard earned money be degraded by the banks. Change your account to a more profitable one.

At home, you can switch the television off when you are not necessarily watching anything specific. Besides that, it may also prevent exposure to addictive adverts and instead focus on more positive things in life. Finding an outside hobby may be a better option to relax in the evening and interact with others.

Take a look back at some of your collections. Many people collect things, depending on their use and their benefits. Some have negative impacts, while others may prove to be quite positive. They may tend to bring different atmospheres to different people, as they can be joyous or just some random habits collected with time. If you have a hobby that you do not think highly of, you could probably gain more by cutting it off, rather than let it cost you money.

While shopping, make a point to prepare a shopping list before you get out of the house instead of randomly taking things from the store. Make sure that everything you put in the cart comes from the list and not an urgent surge. This will help you plan well for your money by budgeting on your expenses and limiting yourself to unnecessary luxuries.

For those who love going out with friends, try inviting them over for a change. Have a cook out, take a few drinks and play something, be it some cards or billiards pool if you have a table. You will find that everyone will have some fun and it will be less costly. With time you will find that some of your friends will follow through, and you can change venue from one home to another.

Additionally, if you have some damaged clothes, you can try and repair it instead of throwing it away. Sew in a broken button from a shirt, patch in a hole of some pair of torn pants and use them when you are at home. Anyone can do simple sewing as it does not involve a lot of skill.

Engaging in some antisocial habits such as cigarette smoking, alcohol abuse and drugs can be very costly. If you try and give up on these, you will find that you can save a lot of money that would have otherwise gone down the drain. The benefits of quitting these habits can also improve your health and help you keep fit.




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