It may be easy to talk about saving money, the hardest thing about it is the doing part.
I am not saying that I am the best when it comes to saving money however I have my own little ways of doing it. The following are some money saving tips that I have personally applied throughout the years:
1.) Be electric consumption conscious - This is probably one of the best money saving tips I could offer considering the rising cost of electricity. Monitoring your electricity usage could save you a lot of money. This can be achieved by turning off appliances and lights that are not in use, shifting to energy saving light bulbs, turning off your electric water dispenser and your refrigerator during the night time and buying new home appliances. Most experts will tell you that new home appliances are more energy efficient than old appliances. In our own personal experience, when we started becoming more electric consumption conscious 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 will 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 - I have just started to implement this program. Instead of throwing away plastic, glass bottles and containers I started collecting them. Currently I have 4 sacks of recyclable materials that I am planning to sell at the end of the year.
4.) Not buying from the convenience store - Aside from the regular "convenience stores" Filipinos have small neighborhood convenience stores which they call as "Sari-sari" store. Normally, this are the stores where people buy stuff that they badly need. Doing this once in a while might be all right. But buying everyday needs in the sari-sari store is sure to cost you more. Sari-Sari stores buy their stuff from the grocery stores, making them more expensive than grocery stores.
5.) Eating out less - This is one of the money saving tips that most financial experts agree upon. I think nobody would argue with me bringing lunch from home to work is definitely much more cheaper than buying lunch outside. Frequently eating outside especially in restaurants will surely make a dent in your pocket book. If you are a "leisure eater" and would like to satisfy your gastronomic cravings by trying out new restaurants, just try to schedule and limit your restaurant visits to once a week or once a month.
Do you like to know moremoney saving tips ? Visit the blog of Zigfred Diaz where he blogs about several interesting topics such as investments, money management, business, making money online and Stock market investing
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