Money is that thing that is unavoidable in life. It is always a difficult decision that how money can be saved. So let us now examine the tactics that can be used for saving the money.
It often happens that we are in urgent need for money and cannot find any with us. And at this time we end up taking a debt or borrowing some from any of our friends. And of course, money if borrowed creates great tension for both the parties.
The first thing that we can do to save more money is
1. MAKE A LIST OF THE NECESSARY THINGS. Sometimes we fail to understand which spending is that is necessary to us and which one is just expenditure. For understanding this we have to create detailed list at the start of the month itself. Understand the things that is of due importance to us, note them down first and then spend money only per the list. If we spend money this way, it is not only that there would be saved money, but sometimes we may get a golden chance to help others.
2. PAY YOURSELF FIRST. This is an innovative method, where you pay yourself before making all those payments. The benefit is that you will use only that money which you used as a payment for yourself.
3. HAVE DIFFERENT METHODS TO SAVE YOUR MONEY. You should save your money by different methods like, saving it under your pillow, saving it as changes in a coin box, give it at someone’s hand that you can trust. But we should always e careful that we use different methods every year to save our money.
4. The time we mostly need money is during our retirement. Now, everyone have variety of plans to enjoy the retirement life rather than to stay idle at home. So one method to save your money is to SAVE MONEY FOR A BETTER RETIREMENT.
5. There are times where you get extra income other than the income you regularly get as a salary. This extra income can be from bonuses, tuitions, and prize winnings. WE SHOULD KEEP A PLAN TO SAVE THE EXTRA INCOMES.
6. PURCHASE THINGS THAT ARE NOT EXPENSIVE. Some often have a habit of spending money on things that are heavily extravagant. Many people think that only expensive things are to be used. But this is often a negative idea. So we should be careful not to spent money on expensive things.
7. PAY BY CREDIT CARDS. It is a easy habit to use cards everywhere instead f money. But this habit makes us to use a lot of money. The difficulty of carrying more money helps everyone to choose cards instead of this money. And with card we don’t exactly understand the amount we purchase at shops. On the other side, if we are using money at shops, we will only purchase for the amount at hand.
8. PLANNING YOUR MEALS and making it from restaurants only occasionally is also a good routine to save money.
9. TRY TO USE COUPONS that you get at stores.