Controlling finances can be difficult, especially if you have a lot of reasons to spend the money. It is always a great habit to save up for the dry days, just in case something happens. It is also wise to own some money that will be put to some good use – which might be a bungalow in the suburbs, or the most desired holidays in the states, or whatever it be. Here are some tips and tricks that you can keep handy, just in case you would need to save:
1. Save The Change
If there are a few changes lying around, do not neglect them. Remember that every penny matters. Stray coins need to be collected, duly deposited, and then saved up. A penny saved everyday can give you 365 rupees at the end of the year. Imagine if you collect 10 coins a day, where you can be at the end of the year!
2. Cut Down Unnecessary Expenses
This may sound tough, but it is not impossible. Think of it this way, you don’t need what you are buying. This will stop you from unnecessarily splurging on useless items.
3. Make A Grocery List
Keep a strict grocery list and stick to that. Do not keep buying items on the aisle. Leave off extra indulge items and stick to the schedule.
4. Price Comparison
Check out different kinds of products, weigh which one is cheaper and pick the cheapest. This is a great way to save your cash.
5. Invest In Long Term Savings
Transfer your cash to the bank, and see that you get a good return percentage. That will help you get a lot of money during the dry days.
6. For Your Clothes
Go to the store only when there is a sale, and buy what you like, nothing more than that.