Tips on how to save money

Why to save and how to utilize it?

09:14 30 August 2013

Have you ever encountered wanting something so badly let’s say a mobile phone maybe or a new tablet? But you don’t have money to buy it and suddenly you tell yourself that you’ll start saving money so you could afford it? Each one of us may have been in such a situation. You may tell yourself that you are going to save but then you may go out shopping with your friends and your decision to start saving may just fly right out of the window. Saving as easy as it may seem is a difficult thing to accomplish considering all the temptations around. Impulse buying is something that most of us if not all is guilty of doing. Saving money takes a lot of effort and self-control, nevertheless it is achievable.

There are simple yet effective ways on how you can start saving money. First, avoid impulse buying by making a shopping list and buying only the ones that are on it. Only buy the things that you really need, and make you’re shopping quickly because the longer you stay in the shopping stores the greater the possibility that you may commit to impulse buying.

Second, shopping when items are on sale can also help you save a lot of money. Keep updated with the dates that the shops will have sales because you can buy some of the items you want for a much lesser price compared to its original retail price. Eating out less frequently is also one of the most effective ways of saving money. Instead of perhaps eating out every day with co-workers and friends you could try cooking/making your food and packing it for lunch. By doing this at least two or three times every week you can save a bit money.

Finally, if you really want to save keep away from checking your savings account every single day so you will not be tempted to withdraw them every time.