If I ask you how to save money? Either you would be confused or overflowed with hundreds of money saving ideas. There are some common ways to save money applicable to the masses and there are some exclusive money-saving ideas researched and applied to you only. Things are good and effective so far as you apply your tips and tricks properly. Here I am enlisting 25 realistic and simple money saving tips for the readers. Please note that all these money saving tips may not have the fullest implications in one’s life, but a few out the of money saving ideas listed below have a qualitative impact on your pocket.
Pay your debts on time
Try to pay your debts on or before time. Be it credit card bill or loan interest, paying on time not only saves you from additional interests and penalty but gives you a high creditworthiness. You can also make arrangements with the bank for automatic debt payments. This is also a great way to save yourself from a debt-trap.
Consume less meat
What? Yes, you read it right. But, how to save money by consuming less meat? Well, this is simple. If you take less meat in your food or goes vegan, the direct impact is in your pocket. Animal proteins are costlier than vegetables. But a much bigger impact shows on your health. Researchers found that large animal protein intake in our foods have an adverse effect on our health. A non-vegetarian is prone to more decrease in comparison to a vegetarian. And nowadays health issues cost us much.
Withdraw from same bank’s ATM
This is a simple but effective money saving tips to follow. As you know, if you withdraw from other banks ATM (where you don’t have an account), after a certain number of transactions the ATM bank charges extra fees per transaction. So, whenever possible, do ATM transactions with your home bank only.
Try to buy air tickets from the company’s site
Whenever we travel by flights we do a comparison over the internet reading freights and services. There are many online travelling sites that give you the freedom to compare flights of different companies on the same platform. But I would suggest that rather than buying the tickets on their sites it is advisable to go the native company’s sites. The charges would be certainly lower than the previous one.
Save at home
Make a piggy bank at your home and save whatever possible on a daily basis. Even ask your children to do the same out of their pocket money earnings. It inculcates the saving habit in you and your children and creates a fund with the passage of time, helpful at the time of your emergency.
Find a roommate
If you are living in a rented house and single, then this would be the best way to save money. If you have a roommate you can not only save your portion of room rents but other household expenses too. Moreover, you and your partner can share daily household works, so that the life becomes less stressed.
Keep your house clean
This is one of the good money saving ideas, I think works great. When we keep our house clean, it directly impacts our health. In addition to that, when the house is clean, it indicates that our staffs within the house are arranged too. This will help us in finding our requisite items at arm’s length. Misplacement and unattended staffs left us with no option but to go for a new one, which can be avoided at large.
Shop higher or lower than eye-level
Marketers are intelligent. They place high valued items at our eye level. So try to buy products below or above the eye level. This way you can save a lot of bucks while shopping.
Take a health insurance or mediclaim
Whenever you sit with your financial budgets, you must include health insurance in it. Medical bills are capable enough to tremble your financial stature. It would be really foolish to take chance by not taking health insurance or mediclaim. By paying a small amount of premium, you save yourself and your family from financial jeopardy.