clothing
| credits: File copy
| credits: File copy
You
can manage your finances better if you are able to minimise spending
and save on all expenditures made. It takes you cutting down on
unnecessary cost without lowering your standard of living
Clothes
Agreed, you need good quality clothing.
But you need not pay a ton of money to buy them. According to
www.ehow.com, purchase clothing out of season and you will be most
likely to get the best price. In addition, stop purchasing clothing you
don’t need. Take care of your clothing and teach your family members how
to take care of their clothing.
Phone bills
Purchase the plan that is
right for you, based on your minute usage. Choose a plan that provides
minutes during the time you use it. If you rarely use your phone,
consider a pay-as-you-go plan. Also, trim the excess features from your
phone and don’t download custom ringtones. It may not seem very
expensive to pay for a ringtone you love, but if you download several,
or do so on a regular basis, this cost will add up quickly. You can
actually make your own ringtone if you have the right kind of phone.
This can save you lots of money.
Television entertainment
If you pay for cable or satellite
service, then chances are good that you can find a way to save money on
your television service. The key is to continually audit your level of
service and see if the money you spend is committed to the features you
use. If you have any waste, then remove it.
If you are paying a monthly service fee
for a receiver that you use sparingly or don’t use, then you can save
immediately by removing it from your service plan. Changing service
providers can be a good opportunity to save in the short term because
most cable and satellite companies offer their best deals to new
customers. Just be sure to pay attention to the cost of the service
after the promotion period expires.
Food
Plan your food budget
ahead of time, basing your budget on local food and seasonal
specialties, and you will be able to save a significant portion of your
food costs while eating a better and more varied menu. Write both a menu
and a shopping list before your trip. A menu for the entire week or
month will cut down on last-minute trips for forgotten ingredients, and a
shopping list will allow you to estimate your total bill for the week
before you leave home. Also engage in bulk buying, it saves time and
money.
Insurance
Participate in your employer’s health
insurance plan. Since employers direct a large volume of business to the
insurer, the employer is generally able to negotiate more favourable
rates, meaning you can save money on your employer-sponsored health
insurance premiums over buying an individual health insurance policy
directly from the insurer.
Car
A properly maintained
vehicle will run more efficiently and give you better mileage, which
saves you money in fuel. If you want to spend less on your car, make
sure it is serviced regularly. If you are not that handy or mechanically
inclined, read some auto repair books or befriend a mechanic. Take care
of your car. To save cost on fuel, fill up once. It lasts longer that
way.
Jewellery
When buying, know and understand the
current jewellery prices for the weight of whatever you seek. You can
purchase previously owned jewellery since there is often wonderful
quality and drastically reduced prices on pieces that were previously
pawned. Also you can go for costume jewellery that doesn’t cost an arm
and a leg.
Electricity
For most people, the monthly electric
bill accounts for a significant part of the monthly budget, yet you can
spend less on it. Buy energy efficient devices. Don’t buy devices that
are bigger than necessary (buy and use small pressure cookers whenever
possible). Ask for energy efficient devices. Don’t forget that power
adapters (transformers for rechargeable appliances) consume energy.
Unplug them when not in use. When leaving the home, unplug all devices
and switch off the lights to minimise electricity consumption.
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