When it comes to saving money, most of us end up drawing the short end of the stick. With daily expenses and the end number of taxes on almost everything at an all time high, it is impossible to squeeze in some savings into your account. Despite all your valiant efforts to push money into Systematic Investment Plans, Recurring Deposits and Fixed Deposits, you find yourself penniless at the end of the month. So how exactly do you save money?<\/p>\n
We\u2019re here to tell you that every effort counts. We\u2019ve taken the liberty to list out 5 easy things you can do to save your precious money.<\/p>\n
What is the first thing that you do when you get your salary? Do you go out with your colleagues and friends to celebrate? Do you buy those lovely shoes you\u2019ve had your eye on since last month? Do you buy new clothes? If you\u2019re doing any of these things, we\u2019ve got bad news for you – You\u2019re not going to save anything! Instead, if you\u2019re keen on saving, invest a specific amount in savings. You can do this by transferring money to another account, putting it in a FD, SIP or a RD. Before you save, ensure that you\u2019ve paid your pending bills. Set aside a budget for your daily expenditure. If you\u2019re left with anything, that becomes your leisure money. Planning your finances in advance can literally save you from going broke in the future. Which brings us to the next point\u2026<\/p>\n
Whether you\u2019re broke and want to have a drink with your buddies or if you\u2019re tempted to try out the latest eatery in town where all your friends are going this weekend, avoid borrowing money from them with the hopes of paying them later. It can hit your next month\u2019s budget really hard and you may find yourself in a constant loop where you\u2019re always borrowing money. If you don\u2019t have the bucks to pull the trip, don\u2019t do it. Sacrificing a little now can help you save a lot later. Let\u2019s face it, you don\u2019t want to be that person who is always borrowing money now, do you?<\/p>\n
Do you use mobile apps to track your expenses? If not, start using one now. Living in a digital age has its perks and mobile applications are one of them. With the growing competition in the market and the endless number of apps, companies are willing to give you a discount on almost everything. You can use applications to order food, clothes, shoes, accessories, cell phones and you can even use it for traveling or tracking expenses. There are times when you will find that booking an Ola or an Uber is much cheaper than taking an Auto Rickshaw. The best part about these apps is that they\u2019re always giving away discounts, more so on special occasions. All you need to do is keep an eye out. Also, check online for third party coupons to avail the benefits of living in a competitive economy. But remember, online shopping is just as much of a boon as it is a bane. Don\u2019t overdo it.<\/p>\n
The more money you have in your wallet, the more likely you are to spend. Carry only a fixed amount that you will need for the day. This will help you keep impulsive buys at bay<\/strong> (rhyme intended). In addition, you can even avoid carrying your credit card and only carry enough money when you\u2019re going out to buy whatever it is you need. It\u2019s a fact that we\u2019re more likely to overspend with plastic than we are with real money. Following this drill keeps your impulses in check and helps you work within a fixed budget.<\/p>\n Do you have this habit of picking up the first deal that pops up on your screen? How do you know that\u2019s the best deal? Just because a little label under the picture says \u2018best price\u2019 doesn\u2019t mean that it actually is. It\u2019s the same while visiting stores. Don\u2019t rush into the first thing you see. Check different websites, compare prices and we\u2019re sure you\u2019ll find the product you\u2019ve wanted for a far cheaper price. You may even find a discount. Trust us, these little savings help a lot!<\/p>\n Another trick to saving money, if you\u2019re an impulsive buyer, would be to play the waiting game<\/strong>. Once you come across something you want to buy, don\u2019t go head on and swipe your card. Instead, request the store owner or seller to keep it for you. Wait for 24 hours and contemplate your choice. Is it really worth buying? Is it really worth the money? If after one entire day, you still want it, it is yours to buy.<\/p>\n Sounds easy, right? Yet people usually end up spending more than what they earn unless expenses are being tracked with care. Spending within limits of you earnings with eliminate building up of any debts thus keeping your stress in control and also encourage you to save more.<\/p>\n Try these tested techniques and you may actually save more than you had hoped for. Do you have any tips you\u2019d like to share? Let us know in the comments section below.<\/p>\n","protected":false},"excerpt":{"rendered":" When it comes to saving money, most of us end up drawing the short end of the stick. With daily expenses and the end number of taxes on almost everything at an all time high, it is impossible to squeeze in some savings into your account. Despite all your valiant efforts to push money into […]<\/p>\n","protected":false},"author":1,"featured_media":1354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[29,36],"class_list":["post-1348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money","tag-earnings","tag-money"],"yoast_head":"\n5. Wait and\u00a0Compare Prices<\/h5>\n
6. Spend less than what you make<\/h5>\n