Do you constantly worry about money and are looking for tips on saving money? Are you constantly catch up with your bills payment? Many people can relate to these problems. It really comes to us at some point.
Luckily, there are a few thing you can do to ease up your situation. Here are some tips on saving money in case you are one of the millions who are stressed with some type of bills or debts:
8 Tips On Saving Money To Help Improve Your Financial Health
1. Credit Cards
Pay your credit card bills in full each month. Do not use credit card for things like groceries or dining. As much as possible, pay in cash for these kind of expenses.
If you cannot afford to pay in cash for it, you can’t afford it, period. Continuously review your credit card monthly statement to validate charges you never make do not appear.
Do business with a bank that does not charge monthly services fee. Use only ATM machines that are in partnership with your bank. Usually, you can find Mastercard or Visa logo in your ATM card.
These logos should also be seen in an ATM machine you wish to withdraw money from. There are no service charge in using those machine that are affiliate with your bank.
Examine your medical coverage and auto insurance policy. Shop around for cheaper rates and see if you can save money by getting higher deductibles. There also some times that you might be lucky enough to find a company that have promos at the time.
Did you know that insurances have discounts too? Try negotiating with an insurance agent. They can sometimes teach you tips on saving money when buying insurances. And I really admire insurance agents like that.
Do major comparison shop and only buy when you have found the lowest price possible for that item. Window shop first. It doesn’t hurt to walk around a little bit and check out the prices in other stores. Clip coupons. Take advantage of rebates or shop at store that offer instant rebates.
Go to discount stores for toys and clothes. Abolish impulsive purchases by “sleeping on it.” Especially when buying clothes or any major purchase. Or if you can, jus delay your shopping for a few days.
And if you really want to buy it and assessed that you really need it, then that is the right time to buy it. Never ever do impulse buying. Garage sales are also known to be a good choice on certain items you need.
Cancel your monthly subscription if you think you can save money by going prepaid. You only need to reload your balance when you need to have an outgoing calls or texts. Cancel that wired telephone in your home.
Everyone is using mobile phones now especially if you are using it for personal use only. Signup to promos with unlimited calls if you know that you use your phone heavily in making calls. It will save you a lot of money.
6. Electricity, Gas and Water
Reduce your use of water, especially hot water. Tips on saving money on water can also be done by turning off the faucet while brushing your teeth. Use a glass instead.
Use a basin when washing dishes. Lower your thermostat by 1 or 2 degrees to save money on electricity. If the weather is not too hot, use electric fans instead of air conditioning.
7. Food and Beverages
Here are other tips on saving money. You buy carbonated drinks by the 12 pack instead of vending machines or fast-food drinks. That will save you a lot. Brew your own coffee instead of going to a fancy coffee house.
Avoid eating out. Put the money in a fund for saved money or apply that to a bill. When eating out cannot be avoided with some valid reasons, order water instead of carbonated drinks.
When you are free of debt you can then celebrate.
Don’t subscribe to cable channels you don’t watch. Stick to the basic plan or cut out the cable for a while. Think of it as a temporary move to improve your financial situation.
Also, you may cut your cable subscriptions if you also have subscriptions on Netflix or other similar apps. Use it to the maximum for you and for your family. There are also YouTube channels you can watch. And it’s free!
So, there you have it. I hope you picked up some tips on saving money that you can apply on your daily life. Saving money is a slow process so please be patient and consistent. Partner it budgeting and you will soon be able to improve your financial situation.
Do you have any other suggestions? Drop your ideas below and I will make sure to reply as soon as humanely possible.