Ways to Cut Spending

Christian j By Christian j, 19th Dec 2013 | Follow this author | RSS Feed | Short URL http://nut.bz/2i64mc58/
Posted in Wikinut>Money>Money Saving Tips

Way to Cut expenses and save your money that help you to save your money

Save your money

Practice self-control. To avoid making a quick decision to buy something just because you saw it featured on display or on sale:

Make a shopping list before you leave home and stick to it.
Before you go shopping, set a spending limit (say, Php 500 or Php 1000) for "impulse buys"—items you didn't plan to buy but that got your attention anyway. If you are tempted to spend more than your limit, wait a few hours or a few days and think it over.
Limit the amount of cash you take with you. The less cash you carry, the less you can spend and the less you lose if you misplace your wallet

Research before you buy. To be sure you are getting a good value, especially with a big purchase, look into the quality and the reputation of the product or service you're considering

Keep track of your spending. This helps you set and stick to limits, what many people refer to as budgeting. "Maintaining a budget may sound scary or complicated, but it can be as simple as having a notebook and writing down what you buy each month," said Janet Kincaid, FDIC Senior Consumer Affairs Officer. "Any system that helps you know how much you are spending each month is a good thing."

Think "used" instead of "new." Borrow things (from the library or friends) that you don't have to own. Pick up used games, DVDs and music at "second-hand" stores around town

Take good care of what you buy. It's expensive to replace things. Think about it: Do you really want to buy the same thing twice?

i hope it help you a lot saving your money...

Happy Holiday To wikinut

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Saving Money, Saving Tips

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Comments

author avatar Sivaramakrishnan A
19th Dec 2013 (#)

We should know what we need and should be careful about impulsive buys. Good tips - siva

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author avatar Christian j
20th Dec 2013 (#)

Thank you for the comment

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author avatar Retired
21st Dec 2013 (#)

Thank you for this great article.I has an idea of creating free sitemap http://www.xml-sitemaps.com/aff/idevaffiliate.php?id=1650

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author avatar Retired
29th Dec 2013 (#)

Good tips. Thanks.

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author avatar SmartGirl
19th Jan 2014 (#)

Well-written. I will surely try them out! :)

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