The Complete Guide To Tips And Tricks For Saving Money

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The Complete Guide To Saving MoneyMarch 22, 2017

These days, in our world of instant gratification, its more important than ever to be able to stay focused on saving money any way you can.
So to help you monitor your spending habits and cut expenses, here are 10 easy ways you can save every day—starting right now.
Hows that for instant gratification?

1.Make A weekly "Money Date"
Commit to sitting down with your money once a week for a money date.
During this time, update your budget, review your accounts and track your progress against your financial goals.
Like any relationship, if you want your financial life to improve, you must spend time with your money.

2.Plan Your Purchases
Has the Rs 1,000 spent on a dress for freshers night left you broke? Simple mathematics and a bit of planning could have helped you avoid the situation.
Cutting down your expenses by Rs 250 every month would have saved you Rs 1,000 in just four months and made the dress affordable.
Planning ahead is an easy way to prevent bankruptcy.

3.Pay Yourself First
Set up an auto debit from your checking account to your savings account each payday.
Whether its $50 every two weeks or $500, dont cheat yourself out of a healthy long-term savings plan.

4.Write A List Before You Go Shopping – And Stick To It
One of the easiest ways to save money is to only shop when you have a list.
Because when you’re without one, you typically end up making impulse buys and unplanned purchases – all things that cost money.

Creating a list before you go to the grocery store is especially important.
Not only can it help you buy items that fit with your meal plan, but it can also help you avoid buying food you might waste.
Always create a list and, more importantly, stick to it.

5.Finders Keepers
We all run into the occasional found money: that rebate check you forgot about, the $20 in your winter jacket from last year or that larger-than-usual tax refund. Instead of blowing this money at your local store of choice, put it into savings.
You wont miss the money, and itll get you closer to your goal if you put it in your savings account, accruing interest.

6.Automate your savings(Use Your Bank)
The easiest thing ever: Set up an automatic transfer from checking to savings each month.
Better yet, transfer from checking into an online savings account, since you can’t dip into on a whim.

7.Calendar Challenge
Put aside $52 in the first week of January.
The next week, $51; the week after that, $50. And so on.
This smarts at first, but keep your eyes on the prize: the $1,378 you’ll have amassed by the end of the year.

8.Part-Time Positions
Get a part-time job to supplement your pocket money.
There are various profiles, such as content writers, BPO executives, transcriptionists, to choose from.
You could also opt for unusual roles like a city tour guide or recruitment agent.
Then there are the home-based online jobs, but you need to be careful before applying as many are scams.
Job search sites like searchmycapus.com and firstnaukri.com, which are specifically designed for college students, can be helpful.
You can also seek advice from your college placement cell.

9.Find Debit Cards That Round Up Your Purchases
There are a host of credit cards and debit cards on the market today.
You can find cards that provide you reward points, frequent flyer miles, double miles,

membership in elite clubs, and the list goes on and on.
One interesting type of debit card rounds up your purchases to the nearest dollar.
Your bank then deposits the amount rounded up into a savings account.
At Bank of America, the programs called Keep the Change.
Using such programs, your painless savings can quickly add up to a couple hundred dollars or more over the course of a year.

10.Shop Online
If youre not accustomed to shopping online, you should give it a shot.
You can use the Internet to do comparison shopping and can quite often find deals and coupons online that you can use.
Prices for shipping are usually very reasonable and in some cases free, which will save you money on fuel and possibly save with parking costs as well.
More and more people are using the Internet to do their shopping since it has become a safe and secure experience if used properly.
If you only shop with trustworthy retailers and look for sites that have a security presence on them, you can use your credit or debit card without worry.