Here are some useful tips on how to save money
in our everyday life:
1. Drink water: It is good for you and saves on daily cost of soft drinks.
2. Cut down on junk food: Not
good for your pocket, not a healthy choice either.
3. Shopping List: Make
a grocery/shopping list before going to the store, so that you buy only what
you need. It saves time and money.
4. Walk short distances
instead of driving: It saves on gas/fuel, it saves
environment and keeps you active.
5. Cut down
on excessive TV: Find better use for your time, something
less wasteful
6. Minimize carry-out and
eat-out food: Carry-out/eat-out is expensive and not
good for healthy eating habits.
7. Don’t need most
expensive gifts to please family:Buy something functional and useful instead.
8. Recycle: Recycling
saves resources, money and it minimizes waste.
9. Use natural light: This
helps with savings on electric bill and is better for eye-sight.
10. Cut down on
Air-Conditioning and heating: Install programmable thermostats to save
on gas bills.
11. Get your News online: Cut
down daily newspaper delivery costs if you can get the news online
12. Avoid Loans: Don’t
take a loan unless your life/marriage depends on it.
13. Avoid late fees on
bills and credit cards: Enough said, commonsense.
14. Minimize banking-fees
down to zero: Many banks offer this option with no
transaction fees.
15. Buy on-sale items: Look
for sales on the items that you need.
16. Don’t buy EVERYTHING
that is on sale:Make a list of what you need and stick with
shopping for only those items.
17. Avoid club memberships
that you don’t use: Avoid health-club or any other membership
fees for something you seldom use.
18. Shop around for
insurance: This can save lots of money on insurance
premium.
19. shop around for lowest
interest on mortgage or other loans: This can save a lot
on interest.
20. Save your identity: Keep
your checkbook, your id and credit cards etc. safe and secure from modern ID
thieves
21. Holidays shopping in
advance: Don’t wait for the last minute, look for
bargains in advance.
22. Exercise: Stay
active and stay out of hospital
23. Medical insurance: Consider
medical insurance depending on your health needs
24. Dental and vision
insurance: You may want to buy this if your eyes and
teeth need regular care
25. Don’t buy a
gas-guzzler car: A fuel-efficient car saves on gas,
it save money, it saves the environment
26. Grow your own vegetables: An excuse for active and healthy lifestyle
27. Cook at home: This
is another good excuse for active and healthy lifestyle
28. Take advantage of
benefits at job: Many workplaces offer discounts on related
(or affiliated) products and all kinds of other benefits for their
employers.
29. Find out what your
town/city has to offer: Free local parks, YMCA, any other benefits and
discounts from the city….
30. Use coupons: Look
for discount or special sale coupons.
31. Combine/bundle
services: Many services (e.g. phone, Internet,
TV..) are cheaper when bundled by using the same service provider
32. Local Library:Use
local library for renting book, renting DVDs, Internet use etc.
33. Sign up for free
reward programs: Many credit cards and other services
offer programs for frequent users that can accumulate valuable reward points.
34. Divorce is very
expensive: Prioritize your personal life. Spend time
with your family, and save your marriage. It will save you from financial
burden and heartache alike.
35. Maintain your car and
house: Regular maintenance can help with preventive savings by
avoiding breakdowns and other accidents due to negligence.
36. Budget: Track
your spending and control the urge to spend. Stick with your budget.
37. Use energy efficient
appliances: Efficient dishwasher and dryers etc. can
save lots of energy usage over time
38. Take advantage of the
tax laws: Understand the tax laws for real-estate
and other local tax-breaks to minimize taxes
39. Save and retain: Don’t
throw-out something after one or two use if it can be re-used, saved or
retained.
40. Don’t waste money on
lotteries: You have a higher chance to be hit by
lightening than winning a mega million dollar lottery.
41. Minimize hired-help: Do
your own work, it saves money and keeps you active.
42. College saving plan:Investigate
tax benefits and other options to save for future college education tuition.
43. Turn off lights,
PC and TV etc. when not in use:Be environment friendly.
Turn off computer,
lights, TV etc. when not in use, or when not
needed. it is a good money saving habit.
44. Minimize drinking
liquor: This helps in saving your liver, it saves
money and keeps you healthy.
45. Family Planning:Consider
Family planning and family size. Kids are very expensive to raise these days.
Cuteness comes with a price.
46. Take a train or a
bus: Take a local train instead of driving a car to high
traffic (and traffic jam) areas if possible; it saves on gas-money and also on
time.
47. Quit smoking: This
can save some serious money and will keep you healthy
48. Avoid compulsive
shopping: Don’t shop just to feel better; find some
other creative ways or hobbies to please yourself.
49. Minimize shopping
trips, shop online: Avoid spending excessive time in the
shopping malls and minimize multiple shopping trips. Shop online if
that is a cheaper option.
50. Needs and wants: Understand the difference between what you
really need and what you want for luxury or for fun; allocate your budget based
on your personal situation.