a. Do not take Credit cards for Grocery shopping or Clothes shopping if you feel you may overspend. Take the Budget Amount(in cash) and carry 100 or 200 rupees extra. b. We do not see the Price of each item before we place it in the cart and we finally just pay the total Amount. Spend some time in knowing the individual Price of each item. This would create more impact and results in thinking twice before we drop it in our shopping cart. c. Weekends doesnt necessarily mean going to the Malls. Once in a while you can take children to the Park, Temple for a change.(Not much cost associated with this). d.Make a note of every Penny you spend . Either in the conventional way of noting in a Diary or in a Spread sheet. CAtegorize the spendings as Investment(eg: Gold/EMI for Land Loan),Necessary(Groceries,laundry), Recreational(eating Out, Movies), and Completely Avoidable(It depends on you). Take the Cumulative sum for each category and see which budget is more. Plan accordingly.
Another kind of savings is reducing the wastage.My son uses this logo often (learned from his school). Reduce. Reuse. Recycle. In kitchen: ------------ Yesterday's left over rice is a problem we face.For instance,if 1 cup of cooked rice is left over,add 1 more cup of soaked uncooked rice with required water together and pressure cook as usual.You will get rice as fresh as new. Unused cotton shawls: --------------------------- My unused shawls take different avatars according to the quality and requirement such as pillow covers,screens,TV ,computer ,telephone cover,hankies,hand towels and even bath towels--excellent absorber of moisture from scalp. Use from waste: ------------------- Once in a while I go to a nearby waste paper shop.I get old magazines,books for just Rs.1 per book.After reading all the books, again I sell the books to the same shop in kg basis. My neighbors followed the same idea and guess what? The waste paper sales man has expanded his shop by adding new house hold utensils section aiming the lady customers and a toy section for kids .His business is flourishing. :goodidea: Please,share your methods of reusing and recycling.
These tips i got from google: Save Money Tip 1 Spend Less. This is not over simplifying the best way to save money! It is essential if you are serious about being a long term money saver and being able to save money every day. Review what you spend and look at ways you can save money. Consider making telephone calls for instance only at off-peak times. Do you really need to have newspapers and magazines delivered? Can you do without those coffees you buy at break time everyday - would a flask of coffee taken to work save you money? What about using the public lending library instead of buying books or music CDs or DVDs? Try to never waste money and make every purchase a considered purchase. Once you start looking for little ways to save money and spend less you will quickly become an expert and really save money fast. Spending less means you value every penny of your money - you will not be so quick to throw that money away on impulse - after all you worked so hard to earn it!
Save Money Tip 2 Establish a personal budget. This is essential for families and individuals and can be the fastest way to save money. You will instantly see your incomings and outgoings once you create your budget. You will not be able to save money unless you know how much money you have coming in, and how much money you have going out. Once you have prepared a budget of incoming money and outgoing money, you WILL be able to identify areas where you can save. It is MUCH more difficult to save money over a long period of time (the rest of your life?) without a budget.
Bulk is good. Think about shopping and buying in bulk. Save money grocery shopping by planning meals in advance and bulk-buying. You can also save money by cooking in bulk. This is a real way you can save money with little preparation and almost no extra outlay. Always purchase generics when you can. Prepared foods and convenience foods will always be much more expensive than the generic ingredients needed to make the food. Preparing food in bulk and in advance also gives you the opportunity to plan ahead and be more accurate in your budget. Save Money by buying in bulk whenever you can. One thing to be aware of when buying in bulk is to be sure that any product you buy will get used before it goes bad - you won't save money if you have to throw stuff away. Buying in bulk is not only a good way to save money it is also a good strategy for coping with and surviving emergencies
Make sure a sale is a sale. By this I mean do your price research before you commit to making an expensive purchase in a retailers money-off sale. You have to be sure the sale really is a sale and not a creative marketing strategy of the store to encourage you to spend your money without thinking. Once you have researched the true price of a product (any product) you are in a good position to take advantage of a sale, special offer or discount and really save money. "Buy one get one free", "50% off", and "Huge Discount" will only help you save money if the actual price you pay is lower than you would pay somewhere else for exactly the same product
Save Money. No, I mean really save some money. Each week or each month get into the habit of putting an amount, however small into your savings. You could start by saving a very small fixed amount each time and then move to putting in larger amounts once you begin to save money from your other money saving strategies. You will find that by saving money on a regular basis you will quickly build up a store of reserve money and also feel motivated to save more. The hardest part is to take the first step and start saving money - so START TODAY and save some money NOW! If you find it impossible to save money once you have it, consider having money deducted from your paycheck direct each month. This can be a great way to save money rapidly as once it is set up you will not notice it is being collected and your savings will grow with no more effort from you.
Eat in rather than out. This is a huge area where you can save money. A cup of coffee taken out could easily cost you TWENTY times (or more) what it would cost you to make it at home. So think before you drink when you are out. Eating is the same. Fast food restaurants are counting on you eating food that you perhaps don't really need at that time but buy just because it is quick. Why not wait until you get home and have a more nutritious meal and save money at the same time.
Use less. This money saving tip is a lesson we all need to learn. We live in a consumer society where waste is a huge problem. If we could all use and consume less there would be less waste, less power consumption, and the benefits for you are SAVING MONEY. Consider using less shampoo when you wash your hair, this may not mean washing your hair less effectively it means not flushing the excess shampoo and your money down the drain. What about saving on heating? Turn the thermostat down or put on extra clothes when you are cold. Turn off lights, the TV and the computer when they are not in use. Each little saving you make will build up and enable you to save money. Huge savings in energy can be made which will save you money and be good for our planet and the other people on it.
