Hey steemers!
There are two ways to save money: One is to earn more money, the other is to spend less. Of these two options, the more accessible is definitely to spend less. And there are some tips to save money by spending less!
It is clear that you certainly must have heard of the advice that follows, but I am sure you are not making half of them. By reading them try to think about your typical week, and how each of these tips will allow you to make some savings. Feel free to take a paper and pencil to make an estimate of the money you could save.
Use cash
Most people spend less money when they use cash rather than their credit card. The average difference between the two is even quite large. There are several reasons for this, the main one is that it is easier to realize that cash is limited while the credit card makes us forget this problem. If I have 100$ in cash in my wallet and I spend these 100 $ in cash I have nothing left. If I spend 100$ with my credit card I always have my credit card even if I only had 100$ on my account.
Keep track of your expenses
If you keep track of your spending you will make it much easier to account for unnecessary expenses. Now these (sometimes) small expenses make you lose a lot of money at the end of the month. Do you realize how much you spend on the coffee machine at work? So note these small expenses over a period of one week and you will realize much more easily possible savings.
Eliminate unnecessary subscriptions
We always have subscriptions that hang around and you pay every month when you do not use the good you buy. We all have a subscription to a magazine that no longer takes the time to read. Remove it! A mobile phone subscription that is not fully used. Reduce it! The monthly economy may not be extraordinary, but what does it represent in a year?
Walk or cycle
Walking or cycling is not just a gesture for the planet you make, it is also a gesture for your savings. Not only the gasoline you save, but also the parking spaces and the wear and tear of your car.
Borrow instead of buying
Why buy an item that will serve us once or twice a year? For example why buy a hedge trim while the neighbor, friend, or loved one has one? Borrow it and make an arrangement by lending it one of your tools or by paying him a can of gasoline for his hedge size. Similarly, why buy a book while the municipal libraries are filled with books that are waiting only for borrowed?
Eat more often at Home
If you are like me, lunch at work you go down to the local cafe to buy a sandwich before you go back to eat it in your office. Why not make small homemade dishes that you take with you in the morning and warm up on the spot. Search for the microwave at your job!
Repay your loans at high interest rates
One of the big money leaks are consumer loans quickly subscribed but long to repay. Your first savings must absolutely go to the repayment of these credits. You will see that once repaid you will breathe better financially speaking.
Become the "budget minister" of your family
Find out about your expenses, ways to reduce them. Someone who is interested in its economies is a person who can make decisions. Inquire, seek to be able to take good ones.
What are your ways to save money? Thanks for reading!