Today’s high gas prices are giving many of us added incentive to go out there and find ways to reduce our spending to be able to balance our budgets and reach our financial goals (even if said financial goal is simply survival). But some money-saving measures are harder to implement than others, thus easier to fall by the wayside once we decide we “deserve” to be living comfortably. In this spirit, here’s a list of 10 relatively painless and best ways to save money. They’re the best and easy to implement, which makes them easier to stick to, and this way your money-saving plan has a better chance of standing the test of time.
Online banking is everywhere, use it. Keep track of your bank balance and avoid overdraft fees. If you use you frequently dip into your checking account or have some bills that are on automatic withdrawal from that account, make use of online banking to know what your balance is and avoid paying those hefty overdraft charges.
Avoid ATM fees. Call your bank or better yet, drop by or visit their website to know what they charge for ATM withdrawals. Some banks waive fees for all ATM transactions on any ATM, but most don’t. So it’s in your best interests to only withdraw money from ATMs where your bank will not charge the fees, or withdraw directly from your bank.
Automate your savings. The very first thing you should do is direct deposit your paycheck. Since your money goes right into your account, you shift your decision-making from “how much money should I deposit” to “how much money should I withdraw.” That’s an entirely different dynamic. Odds are, you’ll be more reluctant to withdraw too large an amount, and you’re likely to end up with less cash in hand and more in the bank. The second thing to do is to automatically set an amount that’s to be deducted from your checking account to saving that shouldn’t be touched unless there’s an emergency.
Manage your electric utilize.: When not being used, unplug electric machines. Perused up on standby power utilization and vampire machines, and you’ll understand that, for instance, unplugging the TV rather than simply turning it off can spare a considerable measure of power! When leaving a space to guarantee to turn off the lights and the fan. Utilize a programmable indoor regulator to control your A/C and radiator use. If you utilize it to set back the temperature by 10 degrees for eight hours consistently, you’ll bring down your warming bills by 10 percent. A $50 advanced indoor regulator can pay for itself in vitality investment funds in under a year. Change to glaring conservative lights, they utilize 75% less vitality than normal brilliant knobs and last up to 10 times longer.
Make a list before going shopping to eliminate (or at least curb) impulse buying. Without a list, it’s possible that you’ll buy items that you don’t need while forgetting to purchase the actual item you do need. So you should make a list before you go grocery shopping. Get everything you need in one trip and avoid additional unnecessary trips and temptations.
Go grocery shopping while you are in a hurry. The less time you have, the more likely you are just to go in, grab what you need, and be on your way. With the guidance of your list, there will be very little occasions for you to deviate from what you need.
Buy generic products whenever possible. It doesn’t matter whether your cereal or milk is the store brand. Depending on your personal tastes, you might want to stick to brand names for particular products, but for others, generic store brands will save you money. Find what works for you and switch to generic brands for at least a part of your grocery list.
Realize your rebates. Save the money you get from rebates, shopping sales or using coupons and club cards at grocery stores. Grocery stores make this easy by printing on the receipt precisely the amount you spared. You can exchange that correct add up to an investment account, if you still write checks, you can make one out for the amount of the savings and deposit that — or simply round up.
If you like watching movies at the theater, go before 6:00 pm. Instead of paying ~$10 a pop for the ticket, you can go before 6:00 pm when the tickets are a little less expensive. For movies that you don’t want to watch right away, just wait until it screens on a discount theater where the tickets are $2 a pop.
Cooking your food and minimizing eating on restaurants and fast food chains will give you lesser expenses on food. You can also begin bringing packed lunch at work rather than eating outside. Overall, be excited about saving. Don’t think it more like an obligation rather think of the better benefits if you pursue on how to save more money.
Ask for a raise. If you do get it, it goes without saying that the additional income you receive should go straight from direct deposit to your savings account or investment. Also, prepare some work-related justification of why you deserve a raise. Just wanting to save more money won’t be enough for your boss.Make a saving goal every day. By carrying a list with you regarding your goals, place it in a more visible place or put it in your wallet to remind you every time you make purchases. You can also do a daily spending goal by making clear how much you are expending on a day to day basis on the average.
Of course, those are merely suggestions, as there are hundreds of different ways to save money, some easier to realize than others. All you have to remember when trying to save money is to turn it into a habit that you’ll try to incorporate into everything you do, on a daily basis. Those dollars saved here, and there will quickly add up.All the best as you try out the above possible ways of saving.