Posts tagged Tiips to save money

Top 10 easiest way to save money


Decoding the secrets to save money

And to those who know the pain of earning, know well what it is to save money. Especially for the average class strata, where savings are not only inevitable but also obligatory and takes a lot of mental tolls. Viewing practically, saving some money has always been the best antidote to eschew any contingency or in cases of envisaging future crisis. It is only in the bad times that we come to know of the value for money. Developing a realistic savings plan can actually succor you out from the worst. Not every advice aimed at you is what you need to espouse to save big. Savings being a crucial part of your life, need your personal discretion and your shrewdness towards the situation, to boost them and keep more and more savings flowing in, gradually.

10 way to save money

The financial crisis is something that we all go through at least once in a lifetime. While some it back to the normal level, in time; some others find it hard to revive back and suffer from a prolonged financial crisis. Now, isn’t it worth giving a thought that we might already incept saving for such unforeseen liabilities from now? So better gear up for the future! Its way better than being a mere burden on your earning elders and building your own, personal contingency funds. Not only will this give this a kick start to a right betterment, but will also inculcate a sense of independence, self-reliance and make confront with the true worth of money.

Some tips to fill the crack and overcome the loophole

Answering the most burning questions like how do I save money or how can I save money and breaking the ice, below are enlisted some unbeatable 10 ways to save money by resorting to, when you are fighting hard to outpace the battle:

  • Recording expenses

Make a clear list of all the monetary outflows even before arriving onto money saving ideas. This way, not only you will know how much you are required to save every single day but also you get a chance to keenly reflect on your gamut of savings that can be fetched. Keep a due track of all your expenses and, check and cut down all the squanders. Rechecking and rectifying the list to taper them, works like the cherry on the cake. This step stands to be in an inevitable position. Prepare an expenditure list and then streamline it with the budget chalked down.

money saving ideas

  • Build your budget

Exactly as cardinal as it sounds, it actually is for a better financial future. Developing and arriving at a stable budget is a major must for earning individual. Just write down your total disbursements – fixed and variable and cancel them out from the total earnings. The remaining figure can be the supposed savings. This jotting down works best when framed for jiffies and amended over time. Like you might want to chalk out monthly budget over annual ones, since, the more frequently they are referred to, the better the budget can be made realistic and implemented.

  • Decide savings structure

This calls for contemplating over the fact that how much you want to save. You cannot be saving more than half of your income when half of it make up for the fixed expenses. There has to be a mandatory window for the variable and contingent expenditures. This can be deemed as a secondary step, however, this is one of the best amongst the simple ways to save money.

  • Decide what you are saving for

This works like magic if implemented the right way and fervently. Apart from highly motivating you, if you are able to decide and frame out what you are saving for; it can fetch you a really bosting future. Hereunder, one needs to decide the duration of their savings. More like, long term and short-term savings. Once you decide what you are saving for, the very destination will not let you flunk and keep you high on motivation to save. Short term savings can be college or higher studies, vacation, and trips, buying an asset like a car on down payment and likes. On the contrary, long-term savings can be aimed for post retirements, child’s education, home purchases or renovation projects and so on.

easy way to save money

  • Keep a backup always

Not each of us realizes the value of having an emergency fund unless we are made to face the one. Mull over the fact that what if there pops up some contingency and you need instant funds? Keep saving for that. Be it a petty amount or a lump-sum one; just make it a point to add some bucks to the emergency fund. This can be done regularly, at jiffies or you might want to invest, but do not skip this, I repeat, do not skip this. Backups can take up the form of savings bank account, piggy banks or even loose savings kept in the form of loose cash.

  • Save from the windfalls and tax returns as well

Make it a point to keep aside a part of your windfalls or sudden jackpots like work bonuses, as savings. Do the same for the tax returns as well. This way, not only your savings will soar up in a short period, but also you will be feeling a lesser burden to save out from your total income.

  • The loose change is always the best recourse

Amongst scads of money-saving ideas, this one the most clichéd, with its best quirk being that it can be used for the non-earners as well. Keep adding coins and the change amount to your piggy banks. Ask your little ones to do the same. Besides inculcating a sense of savings at the early age, this will help the little ones know the true value of savings.

money-saving ideas

  • Take part in local Investment Development Account (IDA) program

In case your income is low, you might be eligible to become a part of the Investment Development Account (IDA). This is indeed the best answer to how do I save money or how can I save money for, here is where you can actually inflate your savings, and that too expeditiously. Participants of this program have a choice to attend the financial education sessions, where they are edified and suggested simple ways to save money and in return, the attendants receive at least $1 for every $1 they have saved. Managing to save up to $25 per month, you can end up into saving hundreds of dollars towards the all of the years. Find and locate the IDA provider near you and get registered as soon as possible. Also, do not omit to scan through the terms and conditions and the policy providing section.

  • Reminders are secondary yet important

Just in case you are in habit of forgetting things but pretty fervent to save, you might want to keep a weekly or a monthly reminder. It will work best if the reminders and the date on which you receive your salary collide. Put up some sticky notes around your place or the place that frequently come in contact of your vision, or opt for mobile phone reminders, so that you do not forget to transfer some amount, towards a better future planning.

easy way to save money

Yet another exemplification of this can be made in a little-flipped way. Just put a sticky note reading “do I really need this?” and before making any purchase, have a look at it and ask yourself if you really need it or not. This will not only help abstain from the wastes but will also help you regain a stable, overall financial balance.

  • Compare the price with the hours worked

Whenever you are planning to buy a high prices asset, just compare its plushy cost with the hours you have worked; rather your hourly income. Suppose you want to buy shoes worth $500 and your income is around $10 per hours. Now just compare how many hours you will have to work to buy those worth $500 and above all, contemplate over that fact that is it really worth it. Definitely, you will have a better decision before you and you can then work accordingly.

It takes a lot of efforts to earn these days; especially for the middle strata, as aforesaid. There can be no better reason to save than to buckle up against the contingencies and unforeseen liabilities in future that may occur and jeopardize our entire financial balance at once. The saving sorcery also works when you are broke; just withdraw some money from the savings box and there you are, all replenished and back on track again.

Howsoever you work, what matters most is the amount saved and not the recourse opted towards that accomplishment. Will it not be utterly useless to earn thousands of dollars but be absolutely broke when you need some funds urgently; it’s more like everything you have earned stands to be a big zero before all. Hence, try to eschew from such abashing and flustering scenarios and incept saving right away. Hope these 10 ways to save money help you in the near future. Happy savings people!

Tips and Ideas to save money hassle free from everyday

At some time in our lives, we all reach a point where the financial crisis hits us really hard. Those are the days when you curse yourself for having spent so extravagantly and not saved for such times. Others of us are prudent enough to know the importance of money and imply some of the Tips to save money in their lifestyles. Money saving in itself is a task that the mere thought of it fills you up with righteousness and individuality. Reality checks take place when you realize that even after your best efforts you’re not ending up with your goals. Haven’t you been wondering what sets apart those who live their lives with a disciplinary expenditure style? Well, the answer to this is simple. The difference lies in their determination. The hardest thing about saving is the initial step to start. Getting started with the money saving ideas can be a tough deal. And to find out the Tips to save money can be even tougher. If you are a prodigal person who just cannot stop his/her hand from spending, we have this article just for you.

Tips to save money

How to save money? The biggest question which arises when you are on a budget or the sense of future security strikes you. You will surely find not a few but many articles and tips on how to budget and save money. But surely ascertaining the best amongst them can be a hard deal. It seems almost impossible when you actually want to save money. Ironically, studies show that people often spend more when on a budget or with a view to saving. Spending more than intended is always a thing which usually perturbs. A lunch date or a little shopping spree, one always spends more than what was intended.

Savings does not really mean that the expenses should be cut off. Rather saving focuses on how to curb on the expenses and sort them as per priorities. And deal with them accordingly. You can surely transfer the not so urgent expense to the next month’s budget and so on. This certainly goes helpful saving a bit from every day.

Why savings?

A certain amount of money kept aside from the present income for future consumption is known as savings. It is pooling of money in a lump sum or either gradually to meet the future needs. Savings are put in a process usually that is invested to grow. Savings are actually directly proportional to investments. Have a look at why the Tips to save money are a must:

Tips to save money

  • Reduces insecurity especially in old age

Usually, after retirement, the income of a person drastically reduces. In order to cope up with the reduced income, savings is a necessity.

  • Emergency

In this unpredictable world, you never know when the emergency may arise. Savings are useful in an emergency. Till the income is stabilized, the family can fall back on the savings.

  • For needs

Needs like children’s education, home, car, etc. may arise in a person’s life. And these require a huge financial backup thus, the savings come in handy so that the family doesn’t feel any financial strain and can also fulfill their desire.

How to save money each month?

Each month you plan to save enough to go on that trip to your favorite destination, buy the phone you have your eyes on, or renovate your home to the latest trends. What are you left with on the last few days? A mere hope to save the next month! So you finally decide to go on a budget but here too you are unsure of whether you’d be able to do it properly or not very important question arises that how to save money each month because small savings lead to a good pool which acts as a backup for emergencies and requirements.

How to save money each month

If a small sum is saved every month, there can be a good amount of accumulation and a good interest can be gained on the same. Here are some Tips to save money that would help you lead a different life. Of course, if you imply.

  • The first idea to save money is prepared a budget. A perfectly designed practical budget will certainly help the family to clearly chalk out its expenditures and expected income. The budget should be practical enough to be carried out and the needs of all the members should be met.
  • Know the time value of money. If an expense can be postponed and is unimportant, just forget it. Focus on the important expenses in your life.
  • When you are pro at postponing unimportant things, you’ll realize that you can now easily ignore them for good.
  • Know that your budget wouldn’t apply itself to your life. It’s you who has to take actions regarding it. So prepare a budget that is feasible. Don’t try to be a miser. IT will lead to discomfort and in a short time you would be done with the idea of savings.
  • Next tip is that one should try excepting payments from cheques and online transactions directly to the bank. Human tendency of spending more with cash as compared to bank account exist. Thus, for those who carry an irresistible tendency to spend cash, can simply use this best way and save a good amount.
  • Before buying any durable capital item, compare prices and check exchange programs. Exchange programs certainly help out in getting a good deal in comparatively low amount. Sites like OLX, Quikr, etc. offer used products. While for refurbished or unboxed gizmos, Amazon, eBay can be given a look.
  • If you wish to get a high valued product say a car, try considering sale periods. Festive offers, year-end sales, etc offer a good deal for such luxury good and can help you get the item in your budget and the surplus can be put into
  • Next in the list of Tips to save money is “do not jump the gun”. What does this mean? It simply means that do not buy anything and everything just for the sake the billboard says that it is on sale. Certainly, you can buy the item if that is of sheer necessity but do not bring it home if it is just to lie in the corner and get dusted. Researches show that a lot of money is spent vaguely just because the buyer saw something on sale though that wasn’t on the priority list.
  • Economical shopping. What does that refer to? Go by the list. Get only those items which you really need. If you are in a family of four, you can buy a family sized grocery item. But it would be a waste certainly in a family of two. Go economical while shopping. Try comparing prices. Remember there is bargain capacity even on some MRPs. You can give a polite try. This will certainly help you save some amount from your monthly expenditure and help to pool your future finance.

Tips to save money

  • The most important point if you have a lot of friends. Yes, you tend to spend a lot over luncheons, outings, etc. how about inviting your friends home. You can certainly look at the online tutorials and cook some delicious spaghetti rather than spend over the cheque. Movie dates can also be planned home and they can be fun in budget too. Another way to save on lunch bills is, take tiffin from home for your office. That is really economical and helps you increase your savings.
  • For money saving ideas on bills, try using LEDs, they consume much less power than the usual bulbs. Switch off the lights and fans when not in use.

money saving ideas

  • Use public transport and try carpool. These two are really economical rather than driving alone and spending extra bucks.
  • This is some pro tip. Try to withdraw from the ATM of the same bank because other banks ATM charge some fees extra which is deducted from your bank account. Really? Yes, still there are a few banks existing with this principle.
  • Online travel sites though claim to offer low prices, but you can surely get a good deal at the company’s online site. Try booking air tickets from the company’s site using an incognito Why Incognito? Because incognito window’s IP address isn’t tracked down making it easy to offer low prices. Its seen that on usual usage price of travel sites hike.
  • Keep your house clean and look after regular maintenance and service of gadgets and appliances. This will save you from any heavy maintenance burden.


There are still many money saving ideas and tips that can be put to daily use and tackle the issue of how to save money each month. If these tips are put to practicality, the habit can lead to a huge saving which was rather spent on wasteful expenditure.

It’s always uber cool to save right? So, try to put these tips to use in your daily life and enjoy the perks of savings.