Simple Tips To Save Money That Will Blow Your Mind


Saving money is among those tasks that are easier said than done. Most people talk about the best tips but they actually fail to save. This is because of their day to day spending and lifestyle that makes them forget the importance of putting aside money. Making minor changes in your lifestyle and way of life can make a huge impact in ensuring that you save some penny. The following are tips to save money that should be followed by anyone who is financial sensitive.

#1) Loose Change

Save on your loose change

Most people disregard the need to save money or putting aside those cents and coins that remain after buying grocery or after making your daily purchases. If you can manage to put aside at least fifty cents a day for a period of one year you will definitely have saved quite a good amount of money that can be directed into taking care of other important things in your home.

#2) Spending Tip

Keep track of all your expenditure

To ensure that you have a record of what you buy and how you spend your money will enable you understand your spending trend. For instance if last month you spend about $ 100 on your grocery, you will try to cut down on that the next month and further down for the other months to follow. This will allow you to save money in considerable amounts every month.

Tips to Save Money

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#3) Impulse Buying

Always have a budget

Before you go out shopping or buying something always have a budget. Put down a list of things you consider important according to priority. This will eliminate the tendency of making impulse purchases whereby you buy something simply because you have seen it or liked it. On top of that a budget will help you plan for the little money you have wisely.

#4) Discounts and Other Incentive Programs

Take advantage of discounts offered at different convenient stores

Different supermarkets and convenient stores offer discounts on different items at specific times of the year. If whatever you want to buy is not an essential or a basic item, you can wait for the season whereby the stores offer discounts on their items. You can also check out what items are offered on discounts during certain times. You will be amazed with the amount of money you can save by purchasing items at discounted rates.

#5) Saving Goals

Have saving goals both short term and long term

Having a goal will force you into saving some amount of money on a regular basis. For example you can decide to save $20 per day just to buy an LED TV at the end of the month or year. This will give you a motivation to save each day. It is a very good habit that by the end of the year you will achieve almost all your goals without straining yourself.

In summary, the above money saving tips are easy to practice and very achievable try them and you will be surprised with how effective they can be.

I am sure that you’d have find these tips useful and can save you a lot. For more tips keeping reading http://www.freemoneywisdom.com/

Written by Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER
and FACEBOOK
. Happy investing 🙂

Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER and FACEBOOK . Happy investing 🙂

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