We all like to save money where we can, so in this article we are going to offer 10 of the best ways that you can keep your money in your wallet.
1.Don’t use your card, use cash!
If you constantly pay for any items you purchase with a card you never really know how much money you have spent until your bank statement arrives at the end of the month, which can often lead to a nasty surprise. By keeping to using cash you can keep a record of how much you have spent and how much you have left over.
2.Don’t pay to use an ATM:
Bank owned ATM’s will not charge you for using their services, regardless of whether your account is with that bank or not. Make sure that you stick to these machines when withdrawing money. ATM’s that can be found in pubs, clubs and shopping centres are normally privately owned and will charge you for the pleasure of withdrawing your money, normally this is a minimum of $1.50 but can be more. To keep your money where it belongs – in your pocket – stick to high street ATM’s.
3.Don’t impulse buy:
We’re all tempted to splash the cash when the latest gadget comes out, be it a new games console, TV, or phone. But think first: do you need it? Can you afford it? Will you get bored of it? If you can’t justify buying it for any reason other than it’s new then chances are you don’t really need it. You can save the money and spend it on something more essential in the future.
4.Look around for the best deal:
If you do decide to buy that new phone, then don’t go in to the first shop you can think of and buy it; look around first. The internet has made it easier than ever to find the best deal, with price comparison websites such as Amazon and Play you can have multiple prices listed next to each other ensuring you can get the cheapest deal for that new item you want.
5.Combine the prices of your phone, internet and digital:
Whereas in years past getting separate deals for these was your only option the vast majority of companies now all offer a bundle pack. This means that you can get your phone, internet and cable in one deal that should hopefully be at a reduced cost as they are all with the same company.
6.Take a packed lunch to work:
By taking a packed lunch to work you save the pounds by not wasting money on lunch every day. Although it may only cost a few pounds for a meal day-by-day and week-by-week that will rise in to a small fortune. Bringing food from home is not just cheaper in the long run, it’s probably healthier too than buying fast food every day.
7.Don’t shop on an empty stomach:
Shopping hungry is a sure fire way of overspending. With ‘hunger eyes’ every aisle you pass through will contain multiple items of food that will appeal to all your senses. Make sure you therefore go shopping on a full stomach, which means that you can just focus on buying what you need, and only what you need!
8.Shop with a list
Shopping with a list also helps focus you to buy just what you need. By knowing full well what you are going to buy you can just go to those areas of the shop, get what you need, pay and get out. Going in ‘blind’ so to speak, not having a great idea of what you need is what normally leads to impulse buys of things that you don’t need, or aren’t going to eat, leading to wasted money.
It may come as a surprise in an article about saving money to be told to spend money, but sometimes you do have to speculate to accumulate. By buying insurance you are protecting your self against any bad luck that may occur. If such incidents were to incur and you were uninsured the excess and costs to replace any items would be massive. With insurance you are lowering your output in such an event massively.
As stated in a previous article, budgeting is a great way to save money. Keep a list of your income and expenditure to see what are you are spending out and try to limit the non-essential expenditures. By doing so you can save a great deal of money and increase your disposable income.