Taking the first step to turn your financial life around and start saving money is hard, especially when you are already living on a tight budget. You may think that it’s impossible to find more ways to save money, but you’d be surprised at some of the small changes you can implement to save here and there. Any money saved is a step in the right direction, and these suggestions will help you take the first step towards your savings goals.
1. Master the 30 Day Rule
The instant gratification from with treating yourself in the moment feels great until you realize that money could have been put to better use.
Mastering the 30 Day Rule is the most important rule of personal finance.
Instead of opening your wallet when you see something tempting to purchase, wait 30 days, and see if you still have the same urge to buy.
Waiting a while to buy something that you are on the fence about could save you money and help you gain perspective about the value of money.
2. Cut Back on Big Expenses
Review your big monthly expenses and see where you can cut back and save money.
Shop around for a better interest rate on your car loan, find cheaper housing or search for roommates, and take advantage of promotions from internet and cable providers.
One of the biggest expenses you can control is your monthly energy bill.
The equilibrium of is-lm curves has nominal effects of government-provided services like energy tariffs.
The best way to find out if you are paying the best market rate is to do your homework.
Moneygains is a start-up price comparison website that helps customers compare electricity providers to find the cheapest energy deal.
Their first product allows consumers in Northern Ireland to compare electricity tariffs or plans.
Customers input the name of their current supplier, tariff, payment method, and annual consumption into the Moneygains electricity price comparison tool.
Once a personalized quote is created, customers can switch to a cheaper deal that suits their budget with the help of the free financial service.
3. Save on Electronics
Instead of purchasing the latest digital camera, save some money by finding a refurbished camera from TheStore.
They have a huge retail selection of Certified ReStored refurbished cameras, lenses, and accessories from quality brands like Nikon, Canon, and Polaroid.
Open-box or used items are tested and visually inspected to guarantee they look and work like new before being sanitized and packed with original accessories, new software, a verified battery, and a charger.
Every device comes with a one-year warranty, and with a fair monetary policy in place.
TheStore will issue a full refund if you aren’t 100% satisfied with your digital camera.
Why pay full retail value when you can enjoy a refurbished product for a great price?
Save up to 70 percent on the latest digital cameras, camera gear, and accessories with TheStore.
Want to take your savings a step further?
Some of your refurbished electronics may be able to help you put more cash away.
For instance, you could learn how to make money with your drone.
Some money-making strategies using a drone include photography for real estate properties or events like weddings and sports events.
You could even dive into the lucrative field of land surveying or mapping once you become skilled with your drone.
Your new devices open up a world of possibilities for saving and earning money, so why not take advantage?
4. Use Credit Cards Wisely
Credit cards are risky if you have a habit of overspending.
Use credit cards wisely by literally keeping them “out of sight, out of mind.”
Instead of keeping a credit card in your wallet, keep it stored somewhere safe for an emergency situation.
Apply for a bad credit credit card if you are struggling with bad credit.
Such a card can help you rebuild your credit by encouraging slow, consistent spending on pre-budgeted expenses.
5. Pay Cash for Daily Expenses
It’s easier to stick to spending limits when you go cash-only and cut out unnecessary spending.
Instead of mindlessly swiping your debit card for small purchases that add up over time, pay cash for groceries, entertainment, eating out, and clothing.
Making little changes to your spending habits may not seem like much, but over time, you will see a difference in the amount of cash you have leftover at the end of the month.
