Home    Subscribe    Write for Us    FAQ    Contact    HubGarden    Login

Money Saving Ideas

by jussiecatwriter (follow)
Saving (5)      Budgetting (3)      Finances (1)      Spending (1)     

Spend and save on a computer keyboard
Spending can definitely seem easier than saving...but saving might just give you the money to spend when you need it! Image courtesy of Stuart Miles at freedigitalphotos.net

I don’t know about others, but for me saving money is an inherently difficult achievement. There are just so many fantastic items to buy. Everywhere I go, I am faced with clothing, jewellery, digital items designed to make life easier. However, if I did spend money with reckless abandon, the repercussions would be difficulty in paying my rent, bills, groceries and feeding my beautiful cat. So here are ten top tips to save money.

1. Write a list of what you need versus what you want. For example you need food, to pay the bills, and other expenditures which are quite self-evident. You may want that gorgeous skirt, but you don’t really need it.

2. However, this is not to say that we should never spoil ourselves. I believe that if we have a ‘scrooge’ mentality for too long, we are at risk of one day diving in the deep end and may have a crazy spending spree. Of course we may not! However, what’s great about saving money as in 1. is that over time, we do have money to spend on what we would like without the attendant guilt. We can fully enjoy the pleasures of our purchases.

3. Invest in a savings account with a decent interest rate. This may take some research. You may even want to look at other banks to invest in, which may feel uncomfortable if you’ve been with the one institution for years. Different accounts are designed for people with different needs – whether you are a frequent withdrawer or wish to keep your savings put for a long time.

4. Pay your bills straight away. I know from painful example that when I leave my electricity bill, there is always a surplus to pay for my lateness.

5. Keep a budget book of your income and expenditures. At first glance this might seem like a painful and time-consuming process. However, since doing this, I feel clear about ‘where I am at’ with my finances, and so much more in control.

6. See a financial planner regularly. They have had years of experience in the budgeting business, and have spent many years seeing all kinds of people. They may be particularly helpful for long-term plans such as superannuation and retirement.

7. Invest a certain amount of your savings, which you don’t touch. This may come in handy for when you least expect it. Don’t just make sure for what will ‘probably’ come up. It may also be worthwhile for your health future to belong to have health insurance. If you have pets, you may also consider pet insurance.

8. Be careful of loans and credit cards. The interest you have to pay back can be a hundred percent of what you borrow in the case of loan sharks: for example cash converters.

9. Every penny counts. When you go shopping, always look for the brand the supermarket is selling for cheaper, for example “coles milk” is much cheaper than other brands.

10. In summer, watch for how long you have on fans, and air conditioners. Turn off lights when you are not using them. In winter watch out for heaters. However, we all need these appliances from time to time, so use them judiciously.

# Saving
# Finances
# Spending
# Budgetting
I like this Article - 7
More Articles by jussiecatwriter
According to the Australian Pocket Oxford Dictionary, confidence has been defined as 1
One of my two favourite movies is The Neverending Story
If you’re afraid of rejection causing you to shy away from people to avoid dealing with the pain...
It will consume you
With life often rushing by so that that time seems almost blurred with how fast the days seem to...
%% It's been a while, but I completed half of my first Zumba class - and I'm proud of myself%% %...
view all articles by jussiecatwriter
Articles by jussiecatwriter on Other Hubs
The bond that grows between human and pet over the time when we are introduced can be attested to by...
Upon Suzie's recent vet visit, we were given a chicken and a tuna sample of Advance especially des...
When considering introducing another cat into a pre-existing family of one or more other felines...
1 like
My Google Plus Profile
ID: 39101
[ Submit a Comment ]
The best way I'm using at the moment to build up my savings is to have money taken out of my fortnightly payment and put into a higher interest account. I'm trying really hard to build up the amount of saving there so I can then invest it into an even higher rate account.
That is a really fantastic idea - I will definitely consider implementing it myself!
Trending Articles
I lived the city life and I’m sick of it
Our senses make us more aware of the world around us, sometimes warning us of danger
When people hear the word 'amnesia' they worry because they know it means forgetting things and th...
Sometimes you just feel bleah
New words are constantly coming into existence
Whether you are thinking about goals to get things done or making a difference in the world, the l...
Many of us fear to speak our mind because we care about what others might think of us or say abo...
Money gives us all more choices in life, and is a tool to serve other people
In this day and age, many people hire professional escorts because they what to try something ne...
Are you missing something in your life and you don’t know what you want? Are you lost and unsure...
Copyright 2012-2018 OatLabs ABN 18113479226. mobile version