10 most ignored money saving tips
Droplets of water, although they look tiny, however, when combined, they turn into a river, sea or even the ocean. Tiny little things are not always as small as they seem; at times when they are combined into a single whole, they can lay the foundation for something big, and sometimes grandiose.
Trying to save money, we may lose sight of some of our expenses, which look very small against the background of larger expenses. Usually we ignore small expenses, because we think that they will not give us anything and will not affect the final balance of funds. However, this is fundamentally wrong judgment!
Here are 10 tips to save money that at first glance seem small and inefficient, but in fact will help your savings account in the long run become very impressive.
Avoid Credit Cards 1. Avoid Credit Cards
Credit cards really bring quality changes to our lives: they eliminate the need to carry cash, provide unhindered shopping and even provide us with funds when all our funds are depleted. Among so many highlights of credit cards, we often tend to forget about the darker aspects of owning these cards. Meanwhile, these dark aspects can cause significant inconvenience, despite all the obvious advantages.
These cards are provided with some hidden fees, as well as penalties in case of non-payment. From time to time, when we are not able to repay the amounts to our banks, they charge an additional percentage from us, and it can be much higher than what we expect. Paying these percentages can definitely reduce the thickness of our savings account and even once will lead to a financial crisis.
Get financial lessons 2. Get financial lessons
Most people earn and spend money by inertia, without asking too many questions. Meanwhile, it would be highly desirable for many to learn how to handle at least the basic tasks associated with finances. Learning some financial tricks can improve your understanding of how and where to invest. Most importantly, these lessons will help you understand how money can be invested and spent in the right direction.
Training in investing techniques and a reasonable approach to spending will undoubtedly help you to have a solid savings account.
The beginning of the month is the best time3. The beginning of the month is the best time.
Prepare a list of all your payments, including all your household bills, fuel costs, insurance premiums, credit card replenishment, and so on … BEGINNING THE MONTH! As a rule, at the beginning of the month everyone still has cash. This is the best period for paying all accumulated bills.
If it makes it difficult for you to go to the bank or to the post office each time in order to personally pay, you can arrange automatic payment of bills by consulting your bank first. Choose any date at the beginning of the month and activate automatic payment of bills, which will save you not only time but also nerves.
Home-made food is the best 4. Home-made food is the best
It is considered normal when in especially solemn occasions we go to expensive restaurants inviting with our lights; and sometimes without reason, we have lunch or dinner not at home. And after all, we usually do not notice how much it costs and how much we overpay, although everyone realizes that restaurant food is a priori more expensive than that prepared at home. In fact, the difference in the cost of home and restaurant dishes reaches 50%, or even all 75%! With this in mind, is it really difficult to avoid the additional cost of going out with an indispensable ritual of gluttony? ..
Walking is good for health 5. Walking is good for health
As we all know, daily walking is good for our health. It improves our fitness by reducing the risk of many diseases.
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But few people realize that walking also significantly reduces our monthly expenses. If your office is not far from your residential area, instead of using your own or official vehicle, you can walk to the office! Even while shopping, instead of taking a taxi or your car, walk better – it will improve not only your health, but also your bank account! After all, you certainly won’t be able to get too much, having only two hands instead of the trunk and rear seats … And how much you will save on fuel, and do not count!
Accumulation in case of emergency is mandatory! 6. Accumulation in case of emergency are required!