How to Save Money Without Losing Your Mind |
Posted: July 3, 2018 |
Managing your resources is key for getting the cash you need when you need it. Most people don't realize how easy it's to free up a couple hundred dollars per month to add to savings or to spend on the things which make life worth living like holidays and entertainment. Below are a number of creative ways you can save money. There are two main strategies you can use to manage your money. You may either raise you earnings or reduce your spending. While increasing your earnings might appear difficult, it is far easier to practice tried and true procedures for conserving more of the money you earn. Saving on Transportation Lots of people who have owned a car since they got a license at 16 or 17 years old, are giving up on having a car in favor of saving money and going green. With car services such as Uber and Lyft, it is now a lot easier to give up driving. Finding a rental car for days when you need a car all day long is another way to work around owning a car. When you factor in the cost of auto insurance, repairs, registration, gasoline and regular maintenance, it is easy to see how much you can save by electing to utilize Uber or Lyft. Saving on Gifts Another way to save money by spending some time instead of money is by making presents. Nerdwallet suggests making gifts for the special people in your life. Designing your own gift baskets with all the goodies that you understand your friend or family member enjoys is a thoughtful way to show how much you care. Smart and considerate consumers collect pretty baskets throughout the year to fill with private goodies for birthday and holiday celebrations. Save by not hiring others DIY Savings Opportunities Lots of the obstacles we face as human beings relate to finances and personal safety. Living as a penny pincher is one way to make certain you're spending your money wisely and in ways that make you and your family feel safe and secure. Home Security is one investment where most people can save some cash by using DIY home security procedures. Experts have reported that 30 percent of burglaries happen without a forced entry through an unlocked window, door or garage. With that reality in mind, being careful about locking your doors and windows is a simple fix that may prevent many break-ins. Burglars are looking for the low-hanging fruit and will choose a home that is unlocked over any home that's locked. Save by being a savvy shopper Consider a few of the tips above as you search out creative ways to get more for your money. PennyBros.com suggests shopping around to find cheaper alternatives for a number of your major expenses like car insurance, cable and mobile phone services. It can be surprising to learn that you are paying 30 or 40 percent more than is necessary for these basic services. Many companies will offer you a discounted rate when you call to cancel service. Consumers are often shocked when they realize this truth. Cable services are known for doing this. Saving on Food Nothing blows a budget like eating out regularly. While most people don't want to stop eating out because of the social aspects of getting together with friends, decreasing the number of times you eat out each month can make a significant difference in how much you spend. Having snacks on hand at all times will keep you from grabbing a fast meal just because you're ravenous and away from your home. By devoting some time for research, you can reorganize your spending and save
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