Money, the second most important thing on Earth after happiness. Rather, happiness too sometimes depends on money. But exactly how much money is sufficient for a human being? The answer is difficult to find because the thirst to earn more never ends. However, to earn as much money as you want, legally, is not easy. The right way to make the best out of the money you have is to save the money.
Money is not of stagnant nature and tingles your desires. You fall prey to it and thus, the bank balance soon falls short. The mantra to maintain your bank balance and to live a happy life lies on the perfect way to save money.
Lets look at some ways to save money -
1.Divide Your Money – The day you get your salary, divide the money for your bills. Make separate bundles for different bills and pay them off before you use them for your own purpose. This will let you know exactly what amount you are left with and how will you run the number of days left before the next salary comes.
2.Make A Shopping List – Make a list of what all you want in the month. Divide the list into most important things and the not so important things. This will give you a clear picture as to what to concentrate at first.
3.Buy In Bulk – People tend to buy in small quantities looking at the small amount he has to shed at present. Well, one of the most important way to save money is to buy in bulk. Generally, buying products in bulk costs less than when you buy in many times in small numbers.
4.Saving Bank Account – You should always have two bank accounts. One from which you spend and one where you save your money. Money should never be withdrawn from the account in which you save money. The amount you decide to save should be deposited into that account at the starting of the month.
5.Daily Expenditure – Calculate your daily expenditure and try to stick to it. If some day you save some amount from your daily expenditure, then keep it aside in a piggy bank. You will be surprised to know at the end of the month the fortune you would have collected.
6.Differentiate Between Need And Desire – There are things you need and there are things you desire. Don't compromise on the things you need but try to control your desire. This will help you to save a lot of money.
7.Avoid Loans – It's best not to take loans from friends. To repay the loan becomes an additional expense and gets carry forward to the nest month too.
8.Cut Down Expense Where Possible – Some expenses are self imposed. Try to track them and avoid them. If you can carry lunch, no need to buy it. If you have four pair of jeans, no need for the fifth one etc.
These are few simple ways to save money. Saving money soon becomes a habit and you will be surprised to see, how much you can cut down on your expenses.
Wednesday, September 15, 2010
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