Times are getting tougher and the future is uncertain.With the oil price is plunging down and inflation is getting worse year by year,people have to realized that sustainability is the key to survive in this brutal world.Well,sadly those politicians do not care about us,and frankly no one even cares about other people.People are preoccupied with the uncertain future whether there will be food on the table for their kids or the jobs that they are holding now are safe.No one knows the exact answer.Honestly,everyone can become a millionare.In fact,if people keep track on their spending and save wisely at the age of 25,they can become millionare at the age of 65 years old!It's not possible but it requires high discipline and you will face hurdles along the way.Here,we have got some easy tips for you people out there who are struggling to save money.
- Pay Check Deduction(AUTOMATIC!)
Most people always have a problem to this situation as they would say ''I cannot save as my salary is very low''.''When I buy this and that,I am left with nothing''.Actually,whether our salary is dirt cheap low or just on the border of the permitted paycheck,we can save if the will is there,For example,let's say my salary is 1000 dollars a month. Once you get your paycheck,deduct 10 percent of your payslip into your savings account which is 100 dollars. So you are left with 900 dollars to live in a month.For some people,they even ask their human resource department to automatically deduct a portion of their salary into savings account which is good as people will have to adjust or adapt for what they have.The common mistake is that most people tend to save after they have purchase goods or whatever for a month.If there is any leftover money,the money will be transfer to the saving accounts.I am not saying that this technique or method is bad but people tend to spend beyond their needs once they see a lots of greens on their hands!Nevertheless,it does not matter whether you want to save 10 percent or 20 percent or any percentage of the portion,just make sure you deduct you paycheck into a certain portion into your saving account.This way,you will have plenty of money for your future needs.
- Cut off Unnecessary Spending
We humans tend to buy things that are attractive to us or convenient to us.However,we sometimes overspend that is beyond our needs.For example,there are tons of people who would spend 15 dollars for a cup of coffee or 100 dollars for a normal t-shirt design.Come on,do you really need that coffee to live?err..no,yes,I let you to decide.That's 10 dollars a day in a week for a cup of coffee.Imagine if you continue doing this for a month.ITS A FREAKING 40 DOLLARS A MONTHS AND 480 DOLLARS A YEAR!Therefore,there are a lot of DIYs in the internet so just freaking use the internet to save money.SIMPLE.Whether you drink expensive coffee or lavish coffee,the end product would be ''yellowish urine''=)There are gazillion things that may have done a lot of costing in your budget so it's your job to revise your budget plan and cut the things that you don't need.It's time consuming but it certainly pays off.
- Changing Smartphones Often (BIG NO UNLESS YOU ARE FILTHY RICH)
Whenever when you walk around the park,or strolling along a pavement,there is a high chance you see plenty of gadgets fanatics holding the latest smartphones of all times.It's not wrong to have a smartphone and it depends on the individual whether he wants to buy it or not.My point is that,most people love to change their phones eventhough their old phone is still in good condition.Some people change their phone twice a month and a smartphone will cost you the cheapest is around 300 dollars depending on the brand.You see,for example,you bought a smartphone that cost you 600 dollars and you change your smartphones every year. Lets calculate shall we:
600 to 1000 dollars per year
2 years=1200 to 2000
3 years= 1800 to 3000 per year!
Simple math.Simple calculations.A phone can last many years if a person take good care of it.That 1000 dollars can be used on other things and the remaining can be deposited inside the savings account.Isn't that good?Why waste a lot of money on things that you don't need.As long the phone can download some important apps and can be used for texting and calling,it's already good enough for everyday use.We need to discipline ourselves.You will be surprised on how much you can save if you cut down on this ridiculous propaganda or adverts from phone companies.
- Borrow Books instead of Buying
This in entirely true as a good book would cost you around 80 to 100 dollars.That's a lot of cash.Alternatively,you can search the nearest library in your area and borrow books from there.You would be surprised that most of the expensive lavish books are also available there!hehe.So why waste money if u can borrow books and gain tons of knowledge!
Nowadays,most people love to send their car for car wash.The truth thing is that people are lazy to wash their car themselves. These car wash shops are making money out of these lazy people. Do you know that 1 car is about 12 dollars.Multiply that with 4 times which equivalent to 1 month.Then times 12 months for a year.IT'S 576 DOLLARS PER YEAR!So before you send your for a car wash,think twice. Is it worthwhile. Of course it's faster and efficient but you can save a lot of money by washing it yourselves.Think again guys.
- Use Electrical appliances sparingly
The reason why I'm saying this is because most of use love to switch on air conditioner,lights,fans,heater,dryer,laptops,and television for hours!Don't you know that these can contribute to whole lot of waste in electricity bills. Use them sparingly and when only situation forced you to use it,then u use it.If it's not,better don't waste your precious green notes.You will see wonders if you practice this habbit
- Cook Your Own Meal rather Than Buying Food Outside
Of course some people would say that buying outside is much more cheaper.Well,that depends on what you are cooking what kind of dishes you are preparing. For a decent healthy nutrition meal,you just need some vegetables,a protein based substance such as chicken,meat,oats or beans and a multivitamin rich substance such as fish,corns and others.There are tons of ways you can serve and cook a healthy decent meal and it's definitely cheaper. Why spending more on something that is not healthy whereas you can cook your own healthy meal yourselves and save tons of green notes.It's tiring and time consuming but think about it.Your health is much more important as health is the one that brings you alive in this world=)
This definitely reduce the cost of the groceries in long term as buying items in bulk are much more cheaper rather than buying in small portion.The disadvantage about buying in bulk is that you have to pay a hefty amount of money in the first place.But think about it in a long term.When you calculate back.it's actually cheaper. Look for special discounts or promotion when buying groceries as some markets offer promotion to those who buy in bulk quantities.
- Carpool to Work or Anywhere
Yeahhhh baby yeahhh..carpooling time.Before I elaborate further,can I ask u guys 1 thing?How often you guys carpool to work?Majority would say''NO WAY MAN''.Well, 30 percent of our salary is actually spend on petrol!It's freaking a lot guys.Eventhough the oil price is currently at it's lowest level,the cost for the 'Black Gold' cannot be denied.Without petrol,you are paralyzed.It's like having car but it cannot move.You need petrol in order for you to drive to your designated location.It's a need for many humans in this world.Thus,carpooling is an excellent way to save the amount of money spend on that black liquid.Make it a habit.Ask your colleague to be a part of a team 'CARPOOLING'.It may be awkward at first but you will see wonders in your budget later on=)That I promise you.
- Make it a Habit to Save 10 Dollars a Day or More in a Jar(OPTIONAL)
Sounds like childish stuff right?10 dollars a day?For what?You would be surprised that this childish savings can amount to 300 dollars per month. How about 15 dollars per day?=)Well,you can yourselve.After a month, put the money inside your savings and let it grow.There is a saying 'It's the small things that actually give miracles in our lives''.Everything has to start somewhere=)
Using public transport is an effective way to save cost.Its efficient,environmental friendly,cost effective and convenient. Of course by using our own transport,we can have our own sweet time to drive around but think about the petrol price.Think about the maintenance that you have to pay for your car every 3 months.Imagine the insurance and blalal...so on and so forth.Having our own vehicle can be a headache.Thus its better to use public transport as an alternative.
- Make a Budget(Daily is better)
Making a daily budget is a crucial way to save money in a long term run.Record every purchasing in your daily routine even the smallest purchase that you bought in the candy store. In this way,we can analyse and limit our overspending in certain areas. Remember,every small things can lead up to big things. So be frugal in your spending. Make a daily budget plans and stick to it!
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