Money saved is money earned. Let us look at 10 ways to save money in our daily lives:
1. Eat Less! (I was kidding! i meant don’t go out to eat in expensive outlets daily), Offline data entry jobs without investment in India
Many of us rely on fast food joints or hotels to eat to satisfy our food requirements. This could be due to a hectic schedule,but if you really look at the bills, it could cost us much less if we prepared food at home. Well, hotels and branded food outlets sell food at a very high cost and are also serve a lot of preserved items. For example, if you cook a dish made of rice and potatoes at home and compare the cost of a similar dish in a hotel you would be surprised. Cutting down on expensive parties also helps a lot.
2. Buy only essential items required
This tip is related to the general supplies for our home and many of the items that we buy could be just a fancy item. For example you could replace an expensive shampoo with a better and cheaper herbal alternative. Research your items before buying them because that extra price doesn’t always make it better.
3. Learn to re-use
We may have items which are either old or unfit for personal use. For example an old plastic mug need not be thrown away and can be used for something useful like holding your paint brushes and so on. We need to have a count on all items which we have in the house and either fix or re-use them unless they are totally useless. The best example for re-usability are plastic bags because they are the ones which are mostly thrown out after a single use.
4. Try to grow your own veggies in your backyard
Vegetables sold in supermarkets are stored for a long period before they can reach their destination. This increases their cost significantly and when you purchase them you are paying a premium for some veggies which can be grown in your own backyard. Why pay when you can grow them for free?
5. Set aside small amounts of money into a recurring deposit and never withdraw it (spread it across different banks)
After following all of the above tips you might have saved quite a bit of money at the end of the month. Do not even think of spending it, just look at various savings options and try to save very small amounts in different banks. After many years, you will be proud of your savings.
6. Reduce your luxury spends
Spending on Luxury trips and other stuff is good, but after spending the amount today you might find yourself disappointed in future. If you are spending for any luxury item or trip etc with credit card, then you are in for some big trouble. Because you will end up paying a lot of interest on overdue if any. Try traveling in economy class if travel is your way of life.
7. Write down every small amount into an excel sheet and analyze it.
Once this is done, you will understand where your money is going.Write down all the items or purposes that you have spent money in an excel sheet. Consider thinking on these lines – is it really required? are there any alternatives? You might find yourself making big changes to your monthly budget and possibly save huge money.
8. Wherever possible try to use free coupons and discounts
Coupons and discounts are a money savers favorite. Keep looking out for discounts both online and offline and choose what is best for you.
9.Keep yourself healthy to reduce medical bills
Health bills are the biggest threat to your budget, so you need to be a healthy person first. Offline data entry jobs without investment in India, Try some form of exercise and meditation with proper eating and sleeping habits. This will help you to avoid medical bills in the long run.
10. Try to save on Tax
Check how much tax you are paying every month and per year. List out all possible ways to save on tax and file early to avoid late payments and fines. Speak to a tax consultant in your respective country and find out how much of tax you can actually save per year. If you need to save in some savings plan to receive tax benefits, then doing so will be wise than to pay full tax on your earnings.