Tips in saving money
Its one thing to talk about how to save money it is another thing to actually do it. Taking action may probably be the hardest between both.
I don’t claim to be the ideal when it comes to saving money, but I do have some trick up my sleeves. Here is some money saving tips that I’ve personally experienced and applied throughout the years:
1.) Be electric consumption conscious – With the rising cost of electricity this is probably one of the best money saving tips I could offer. Simply monitoring your electricity usage could save you a lot of money. This involves turning of appliances and lights that are not in use. Shifting to energy saving light bulbs will definitely help. We turn off our electric water dispenser and our refrigerator during the night time. Buying new home appliances makes a lot of difference in electric consumption. New home appliances are more energy efficient than old appliances. In the long run you save a lot on electricity. When we started becoming more electric consumption conscious at our home, our bill went down by almost 25 %.
2.) Save loose change – Mom has taught me several money saving tips, but I believe this is one is the most important one she has taught me. At first collecting loose change may seem insignificant. But when it starts to grow, you’ll realize it’s value. At one time the loose change I saved amounted to more than P 10,000.00. ($200.00 U.S plus)
3.) Recycle – This is a new program that I have started to implement. More than 3 months ago I instead of throwing away plastic, glass bottles and containers I started collecting them. Now I’ve 4 sacks of recyclable materials waiting to be sold. I am placing this in my garage and will be selling this at the end of the year.
4.) Not buying from the convenience store – Filipinos have commercialized “convenience stores” but there are also neighborhood convenience stores which we call as “Sari-sari” stores. This is where most Filipinos go to when they run out of shampoo or cooking oil. If you badly need the stuff and you do this once in a while, that may be all right. However buying your everyday needs in the sari-sari store might prove to be more expensive. Sari-sari store are definitely more expensive than the grocery stores because they buy their stuff from the grocery stores.
5.) Eating out less – Most financial experts would say that this is one of the ideal among all the other money saving tips. Bringing lunch from home definitely helps cut down the expenses. Frequently eating in restaurants is sure to empty your pockets. If you are in the habit of consistetly satisfying your gastronomic cravings by trying out new restaurants try to schedule your restaurant visits.
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