How to save some money in easy way?
It is said that money can't buy happiness, but it is most definitely an essential part of our everyday life. We all work prettey hard to earn enough money to get by every month, but some people tend to struggle to make ends meet. In many cases however, saving money is really possible, especially if you have a strong will and you are ready to devote yourselves to it. So what can we do to spend less? Here are some useful tips.
1. Review Your Expenses and Set the Budget!
First of all, you need to review your monthly expenses, which are usually seperated into two main groups. These are fixed expenses, that are more or less the same every month, and flexible expenses that varies. We should also consider, which of these are essentail for us, and cannot be omitted any way, like rent, electricity or insurance. Nowadays, you may easily download apps which may help you with tracking your day to day spendings. They are really useful and user-friendly, so you won't have problems with entering all the data and making necessary calculations.
When you know how much you spend every month, you can set your budget and work on some savings. Here's how you do it:
- The base of the budget is your monthly income (paycheck minus taxes).
- Determine 10 percent of your income, as this is how much you should save, and subtract that amount from your income.
- Now, you should also subtract all the fixed expenses you established earlier.
- What is left is the budget that you should try to manage.
At first you may think that it is not possible to reduce your expenses to such amount, but with a little bit of an effort you will succeed.
2. Reduce Your Electricity Bills
There is no doubt that most of us spend a lot of money on electricity every month. It can be avoided if you start a kind of energy saving plan in your home. You may want to insulate your house better, and that way reduce expenses linked with heating in the winter and air conditioning in the summer. However, there are also easier ways to influence the amount of the bills, like unplugging appliances that we do not use or buying those which have saving-energy modes.
3. Change Your Service Providers
Today there are many phone, Internet or even insurance providers, who try to win their clients with low prices. Take some time and go through their offers, as you may easily save a lot of extra money every month. You can also try to negotiate your plan with the current provider, and find out if he is able to lower your payments.
4. Spend Less on Entertainment
We all like to eat out with friends, go to the cinema or work out at the gym, but if you want to really save some money, these are the expenses you will have to limit. Instead of meeting at a fancy restaurant invite some people to your house and prepare dinner by yourselves - it's cheaper and can be a lot of fun. You can also make popcorn and watch movies together in front of a TV. And go to the park or work out at home instead of paying a lot of money for gym membership. In other words, try to find as many ways of spending less as possible.