How to Save Money - Ways to Save Money

LJPearce By LJPearce, 12th Sep 2011 | Follow this author | RSS Feed | Short URL
Posted in Wikinut>Money>Saving

Saving money may actually be easier than you think. This article provides you with 7 ways you can save money.

7 Ways to Save Money

Now being in the recession/credit crunch almost everyone is looking to save that extra bit of money, so here are 7 ways you can save even more money.

Now being in the recession/credit crunch almost everyone is looking to save that extra bit of money, so here are 7 ways you can save even more money.

1. Buy Items in bulk.
Rather than buying items, such as food products individually why not buy them in bulk, the cost or price per item is reduced, and you can save yourself petrol and fuel by buying in bulk as you wont have to visit the supermarket as often.

2. Create yourself a budget .
Identify how much you earn and spend, break it down weekly if possible, making a budget will help you cut down on any un necessary spending. Sticking to a budget in the long run will help you save even more money.

3. Buy reusable items and products.
If possible, buy and use reusable items as they are cheaper in the long run and better for the environment.

4. Buy second-hand items.
You don't need to buy or have anything brand new, and sometimes second hand items are just as good as brand new items, especially as they are cheaper. Buying second hand items such as furniture and clothing, will help you make more and save more of you money.

5. Whenever you go shopping create a shopping list, and stick to it.
Creating a shopping list will help ensure you don't buy any unnecessary or unwanted products.From clothing to food, if you write lists for everything you want to buy, and stick to these lists you will soon notice how quickly your savings can build up.
You don't always have to have the latest gadgets, gizmos or designer goods, duds and labels. By buying own brand goods, products and services you will be saving money, as you will not be paying for all the fancy packaging and advertising that goes on top of designer duds, goods and labels.

6. Consider own-brand goods
For example when you go food/grocery shopping.

And Finally

7. Why not Get a pay as you go mobile.
Get rid of the costly contracts, you don't really use all the minutes and texts they offer you anyway do you! Getting a pay as you go phone will allow you to see how much you are spending. Getting your spending under control will help you save even more money.

Hopefully these tips and ideas, and ways will help you save even more money. Remember when you out buying, always stop and think - Is it necessary? And Do I need it? If the answer is no to both of these then don't buy the products or services in question and instead save your money.


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Meet the author

author avatar LJPearce
Entrepreneur, Personal finance writer and business owner who has over 10 years business experience.
Interested in and always working on creating multiple online and offline income streams.

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author avatar David Reinstein,LCSW
12th Sep 2011 (#)

A good way to be sure to have $500. is to start with $1,000. and then spend only half of it :-}

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