The practical way to save money (10+ simple money-saving tips)

Money is the very need for our survival. It is very important to inculcate the habit of saving money in ourselves. Nobody knows what might happen to us or our source of income in the near future. Our goal should not be to save money, it should be to save money in an effective way. Sounds interesting right?

𝑾𝒉𝒂𝒕 𝒊𝒔 𝒕𝒉𝒆 𝒑𝒓𝒂𝒄𝒕𝒊𝒄𝒂𝒍 𝒘𝒂𝒚 𝒕𝒐 𝒔𝒂𝒗𝒆 𝒎𝒐𝒏𝒆𝒚 ?

You need to follow some footsteps ( money-saving tips ) and yes you’re done. You’ll be on the path to saving money and achieving success. It is very important to distinguish between the most urgent and less urgent needs.

It is also very important to understand our spending priorities. Rich people are rich because they know the real value of money. According to our ancestors, it is said that money will remain in the hands of people who know it’s worth and know how to respect it.

Don’t be a lavish spender, be a lavish saver. Dedication and determination to save money pushes oneself to reach success. Poverty will never be your guest, if you save money. The legitimate and easy way to increase money is to save money

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Are you ready to learn the simple money-saving tips ?

Here are the top 15 ways to save money?

1. 𝑹𝒆𝒅𝒖𝒄𝒆 𝒚𝒐𝒖𝒓 𝒃𝒊𝒍𝒍𝒔

Reducing your electricity bills, telephone bills , LPG bills and so on is the easiest way to save money . You have to take efforts to reduce your bills and to consume less energy charges by using fans instead of AC’s , led lights instead of tube lights, avoid unnecessary cooking, avoid unnecessary talking over telephone / mobile phone, etc.
These are some measures which might help you in reducing your bills.

2. 𝑩𝒖𝒚 𝒈𝒓𝒐𝒄𝒆𝒓𝒊𝒆𝒔 𝒊𝒏 𝒃𝒖𝒍𝒌

Buying groceries in bulk is an another easy way of saving money. Bulk buying is always cost-effective. Try to buy groceries from wholesale kind of markets where the prices are relatively low as compared to locality markets, street markets etc.
Avoid going to malls to buy groceries.

3. 𝑻𝒓𝒚 𝒕𝒐 𝒂𝒅𝒋𝒖𝒔𝒕 𝒃𝒚 𝒃𝒐𝒓𝒓𝒐𝒘𝒊𝒏𝒈

In case of a less urgent need, try to borrow things from your neighbours instead of buying. Suppose you don’t have a peeler so do not buy that product immediately. You can borrow it from others and get your work done. Do not think of prestige or status since it distracts you while saving money.

4. 𝑨𝒗𝒐𝒊𝒅 𝒆𝒂𝒕𝒊𝒏𝒈 𝒐𝒖𝒕𝒔𝒊𝒅𝒆 𝒇𝒐𝒐𝒅

One should avoid eating outside food since it hampers our pocket as well as our health. Always carry your tiffin to your workplaces. Don’t get influenced by what others eat or are eating .

5. 𝑺𝒌𝒊𝒑 𝒈𝒐𝒊𝒏𝒈 𝒕𝒐 𝒎𝒐𝒗𝒊𝒆 𝒉𝒂𝒍𝒍𝒔

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In order to save money, try to skip movie halls. Be patient.
Sooner or later , the movies will be telecasted in the television itself.

6. 𝑼𝒔𝒆 𝒍𝒊𝒃𝒓𝒂𝒓𝒚

Try to avoid purchasing books. Make use of library.
You can also take the help of your internet regarding books. E-books and Audiobooks are also available. Think wisely before buying a book.

7. 𝑫𝒐𝒏’𝒕 𝒍𝒐𝒐𝒌 𝒇𝒐𝒓 𝒃𝒓𝒂𝒏𝒅𝒔

The most important money-saving tip is to stop looking for brands. Our youth gets flattered by the word “brand” that shouldn’t be the case.
Go for local products. Local products are economically viable. Some local products are also durable.

10+ simple money-saving tips
Image Source: Pixabay

8. 𝑺𝒂𝒚 𝒏𝒐 𝒕𝒐 𝒔𝒖𝒃𝒔𝒄𝒓𝒊𝒑𝒕𝒊𝒐𝒏𝒔 𝒂𝒏𝒅 𝒎𝒆𝒎𝒃𝒆𝒓𝒔𝒉𝒊𝒑𝒔

Don’t take online subscriptions and memberships. It is a sheer waste of money. Everything is available over the internet. Do proper research and avoid unnecessary subscriptions and memberships.

9. 𝑺𝒂𝒚 𝒏𝒐 𝒕𝒐 𝒐𝒏𝒍𝒊𝒏𝒆 𝒔𝒉𝒐𝒑𝒑𝒊𝒏𝒈

Avoid online shopping. The costs of the product are relatively high. Sometimes the quality is below cheap. The online sites charge un- necessary shipping cost.

10. 𝑭𝒐𝒍𝒍𝒐𝒘 𝒂 𝒏𝒖𝒕𝒓𝒊𝒕𝒊𝒐𝒖𝒔 𝒂𝒏𝒅 𝒂 𝒔𝒊𝒎𝒑𝒍𝒆 𝒅𝒊𝒆𝒕

Don’t look for tasty vegetables . Do not let your taste buds hamper your pocket. Follow a simple and a nutritious diet consisting of rice, cereals and so on.

11. 𝑩𝒖𝒅𝒈𝒆𝒕𝒊𝒏𝒈

It is definitely going to help everyone to save money. Allocation of money as per you budget enlivens you to save money in an effective manner. Make weekly budgets. Allocate money for food, rent and so on.

12. 𝑨𝒗𝒐𝒊𝒅 𝒖𝒏𝒏𝒆𝒄𝒆𝒔𝒔𝒂𝒓𝒚 𝒑𝒐𝒍𝒊𝒄𝒊𝒆𝒔

Do not ever fall in traps by insurance agents. Sometimes the policies are not worth the premium. Be careful and avoid purchasing unnecessary policies.

13. 𝑨𝒗𝒐𝒊𝒅 𝒕𝒂𝒌𝒊𝒏𝒈 𝒍𝒐𝒂𝒏𝒔

Loan is the most deadliest word. It has sometimes destroyed lives. It has also helped people. Read the terms and conditions properly. It is said that who falls into the debt trap, never comes out of it. Be careful regarding loans.

14. 𝑻𝒓𝒂𝒏𝒔𝒑𝒐𝒓𝒕𝒂𝒕𝒊𝒐𝒏 𝒄𝒐𝒔𝒕𝒔

Be smart regarding transportation. Do not end up taking taxi’s or rented cars while travelling to your workplace, markets, etc. Use public transport. It is cost-effective and help you in saving money.

15. 𝑻𝒓𝒂𝒄𝒌 𝒚𝒐𝒖𝒓 𝒆𝒙𝒑𝒆𝒏𝒔𝒆𝒔

Last but not the least,
tracking expenses regularly helps you to save money.
It guides and gives you a detailed record regarding day to day expenses.

So these were the simple steps to save money. Always remember time and tide waits for none. Be careful regarding money.

Saving money play’s an important role in everybody’s life. You never know what can happen next. Be prepared and start saving.

SACHIN AHIRWARhttps://personal-finance.in/
Hey, I’m Sachin. I’m a Blogger living in India. Guide for Personal Finance Planning & financial planning, Tax, Investment, Managing Money, Insurance, Retirement, Real Estate and Loans & more.

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