Simple Ways To Save More
Simple ways to save more
When the budget is tight, saving money becomes a natural instinct. Whether it's ensuring bill payments or saving for a vacation, car, or special meal, these 5 simple tips can help anyone achieve their money-saving goals. With careful planning and smart choices, financial stability is within reach.
1. Move bank accounts
For anyone whose checking or savings account is subject to a monthly fee, considerable savings could be made by moving them to another bank. Many offer sign-up bonuses when customers open a new account and set up direct deposit. Even better, some offer very attractive interest rates for new customers - and although interest rates are not what they were, it's certainly worth hunting around. Look online, as a little research could save more than a little money.
2. Reduce energy bills
Television is addictive, and many of us spend more time than is good for us watching it. Cutting down viewing times will not only shave money from the domestic energy bill, but also reduce exposure to the temptations of TV advertising. While leaving lights on in the home won't break the bank, the cost mounts up over time, so switch off and save. Alternatively, consider switching to energy efficient light bulbs. Don't use your heating when you don't need it, and try some DIY insulation to help keep out the cold. It might all sound obvious, but the savings are real.
3. Shop with a list
Never go shopping without a list. We've all done it, of course, and inevitably it costs us money we hadn't budgeted for. When shopping for groceries a list is essential, and more importantly, it needs to be stuck to. Many of us enjoy an impromptu visit to the mall or supermarket, but impulse buys and unplanned purchases need to be off the agenda for anyone serious about saving.
4. Eat more healthily
A fast food takeway or delivery can be a treat, especially for the kids, but the profit margins on food make it an expensive option. Big savings can be made by adding some key ingredients to the weekly grocery list and making healthy meals at home. Burger and fries can still be on the menu, but create home-made patties, add salad to the bun and use oven-cooked fries. Rather than spending precious money on dining out, invite family or friends over and show of those new culinary skills. Baking your own bread is a lot of fun, too.
5. Clear out and clean up
In most people's homes there are items in every room that are no longer used or needed. Old toys, faulty furniture and out of date clothes all fall into this category. Sort them out room by room, then hold a yard sale or put the items on eBay (or better still, both). The things we no longer need may be just what someone else is looking for, and it's also a great way to de-clutter the home. What's more, every dollar made can go straight into the savings jar.
