Tips To Save Money

If you want to be a millionaire or want to save your money there are some tips for you As you incorporate more and more of these tips into your life, the savings add up and it wouldn’t surprise me if you could save thousands over the course of a year. Each of these tactics are simple little moves you can make to improve your financial situation. Some of them take just a few minutes, others might take an hour or two, some of them require a bit of regular effort, but they’re all incredibly simple (anyone can do them.) not all of these tips will apply to everyone. Just go through the list and find ten or fifteen that do apply to you and use them in your life.

• If you have a credit card, pay it off as quickly as possible. (It’s good to establish credit, but a bad credit score follows you everywhere.) clear your most expensive debts first, in other words your credit cards. OK, credit cards offer a convenient way to pay for goods and services but if you can't clear the balance every month, consider a low-cost loan as an alternative.

• Set a goal Pay off credit card debt and then come up with an actionable, realistic plan for achieving it .

• Humans simply have a very tough time resisting the temptation to purchase extras while shopping. Without a list you will buy items that you simply do not need. Even worse is when your forget to purchase the actual item you came to the store for in the first place. If you plan on cooking at home, pre-plan a rough menu and make a list before you go grocery shopping. Getting all that you need in one trip can help avoid another unnecessary trip and temptation.

• Most people don’t track what they spend and may not realize when expenses add up to more than their budget can handle. To keep track of what you spend, put what you think you should spend for the month on transportation, food, entertainment, etc., into envelopes. This will help you avoid buying things you don’t need, and what’s left over can go into saving.

• Average gas and electricity bills now stand at around £1,500 a year. In exchange for one fifth of a state pension, you get completely incomprehensible bills and guff from the chief executive about how everyone else is to blame. But that doesn't mean you need to be ripped off. If you’ve never dumped your original supplier you can still save more than £300 a year. If you have switched before, you can, as a result of this flawed privatisation, switch again to any number of companies that will charge you about the same. If you believe that gas and electricity prices won't fall in the near future, you can fix your bills for up to four years. It is very easy to switch. You can do so with a few clicks of the mouse. Your new supplier will take care of the formalities.

• Get organized about your regular bills. If possible, automate the payments. Most utilities and other recurring bills can be set to be charged to a credit card or deducted from a checking account these days. Also, many banks offer free bill pay programs. So there really is no excuse for forgetting to pay a bill on time and forking out the late fees. Say, by chance you do forget a bill, if you are a first time offender, call the company and request politely to waive the late fees, and more likely than not, they will oblige.

• Leave the cigarettes, illicit drugs, and excessive 30-racks of beer. This stuff is not only a detriment to human health, but it’s a huge money waster.   

• A reliable, energy efficient washer and dryer might cost you quite a bit now, but if it continually saves you energy and lasts for fifteen years, you’ll save significant money in the long run. When you need to buy an appliance, research it start with back issues of Consumer Reports at the library. An hour’s worth of research can easily save you hundreds of dollars.

• Every once in a while, go ahead and buy something you don’t really need (perfume, another bottle of nail polish). Regularly treating yourself will help you feel less restricted, so you don’t go on a spending binge down the road.

• To keep your financial progress on-track, try budgeting out your income at the beginning of each month. Assigning a set portion of your income to all of your major expenses ahead of time can help ensure that you don't waste money, especially if you actually divide each paycheck according to your budget as soon as you get it. 

• Save money by buying items online, in bulk. Some companies even offer free shipping on large orders. Clearance items are sometimes available, and good savings can be found on non-perishable groceries and diapers. This saves time and money.

• Make a spreadsheet on Microsoft Excel totting up every household expense you will have to pay, including mortgage/rent, groceries, transport, utility bills, insurance, phone bills, and everything else, to ensure you don't overspend .

• If you feel like you’re treating yourself to an unnecessary purchase, it probably is unnecessary . Write the item down and wait thirty days. If at the end of that time you decide you still want it, then go for it..

• Sit down and go through each item on your bill and see if there’s anything there that you don’t use, like a surfeit of text messages or web access or something to that effect. Then call your cell phone company and ask to have those services eliminated. Boom, you’re saving money.  

Most people don’t track what they spend and may not realize when expenses add up to more than their budget can handle. To keep track of what you spend, put what you think you should spend for the month on transportation, food, entertainment, etc., into envelopes. This will help you avoid buying things you don’t need, and what’s left over can go into saving. - See more at: http://www.americasaves.org/for-savers/make-a-plan-how-to-save-money/54-ways-to-save-money#sthash.tBNF8mNS.dpuf

Most people don’t track what they spend and may not realize when expenses add up to more than their budget can handle. To keep track of what you spend, put what you think you should spend for the month on transportation, food, entertainment, etc., into envelopes. This will help you avoid buying things you don’t need, and what’s left over can go into saving. - See more at: http://www.americasaves.org/for-savers/make-a-plan-how-to-save-money/54-ways-to-save-money#sthash.tBNF8mNS.dpuf

• Assess your need for life insurance coverage. If your children are now on their own, or if your spouse works, you may not need as much life insurance protection. The annual premiums on a term life policy would typically fully fund an emergency savings account.