If you are afraid of the coming winter and rising prices, it means that you are interested in more effective ways for how to saving.
1. You can not stand to wait the market to save you
If you don’t afford your house, you need to know what you got to do. You have to make a plan and you can not expect the real estate market to recover and save you. Similarly, if you find a house that looks like a good deal, do not buy unless you can give an advance of 20% and pay taxes, mortgage from your salary and your job is safe.
2. Pay with cash
If you pay with cash for acquisitions, you will not accumulate debt. If you have a credit card overdraft, pay it as fast as you can, because interest paid on the loan is money thrown in vain.
3. Men have to admit they are not good at financial planning
Nowadays, men feel compelled to pretend they know what to do in family budget financial planning. Women, however, have no problem to ask someone to explain again why they do not understand in terms of finance, so it’s better to learn from them.
4. Save all you can
It is recommended to have in the bank an amount you can cover eight months, in case you loose your job. If you think you can just pay the bills and you cannot save ask yourself how you will continue to pay your bills if you lose your job. That would be a strong enough reason to put aside every penny you can.
5. Spend Less.
This is not over simplifying the best way to save spending less! It is essential if you are serious about being a long term money saver and being able to save more every day. Review what you spend and look at ways you can reduce. 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!
6. 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.
7. 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.
8. 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.
9. 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.
10. Shop Wisely.
Consider markets, superstores, farmer’s markets, local shops, marts and stores. Anywhere is worth checking out to see if you can save money. Farmer’s Markets can be particularly good places to save money. Typically you are buying direct from the producer of the product so the savings are passed on to you. Use your bulk buying strategy here – farmer’s markets often offer opportunities to save money by buying larger quantities of staples, for instance potatoes, rice or corn. Save money and shop wisely.