(Post 72/week 48)TipforThought:10 financial tip,tricks and hacks

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Saw some saving tip in an article in the magazine and would like to share here

Here are some tips that will helps you manage your budget and add to savings..

1.Create your monthly budget

You are most likely going to spend more then necessary if you do have a pre-planned monthly budget.Keep a clear record of your earning and spending habits, and plan budget accordingly.In my case,i do not have a pre planned budget but i have a fixed amount of cash in my wallet that i put at the start of the week allowing me to keep track of my expenses easily.

There is no doubt that credit and debit offer you an easy way to make payment. However, using cash will help prevent spending more as you will budget accordingly. You will also be protecting yourself from potential credit card theft and other fraudulent activities.

2. Get a piggy bank

It may seem childish, but starting a piggy bank is a great habit that will enable you to add to your savings. You can either fix an amount to put in your piggy bank daily or simply empty your pockets into it at the end of each day.In my case,i empty my coins out into the piggy during the weekend.You can also opt for an auto transfer from your main bank account to your sub-account(money cannot be seen are money that cannot be spend)

3.Try shopping at thrift stores

Thrift stores are a great place to buy inexpensive yet decent secondhand household item that people have donated.Talking about second hand item,do visit my carousell page for second hand books:carousell.com/eric996

4. Find the way to happiness and life, not to spend

Rather than finding happiness in shopping which is temporary and a never-ending cycle,you should do healthy things that you love to do. This will allow you to enjoy your life better along with adding to your saving accounts.For me,I love doing side business such as blogging,investment,carousell whatnots etc

5. Automate your bills

Bill should be automated so that you do not forget to pay youur bill and incurred late payment,besides it is easy to keep track trought your bank transcation

6. Stay away from the catalogs

If you have subscribed to catalogs and emails for different brands to he.,…ar about their latest launched then unsubscribe, the engaging advertisement will tempt you to buy the item you have no true need for.

7.Borrow books from the library

Hard copies of books are too expensive and many of these books are such that you would not read them once exams and classes are over.So instead of spending money on these books,you can borrow them from the library.You can also try EBook. It is quite common for publisher to sell both the eBook and hardcover copy now.What’s more,they can be downloaded for free online(Google is your best friend).If you are an avid reader,you should try reading eBooks as it is a convenient and economical way to learn.Also,EBook is very convenient as you can download many book and store them in your tablet.

8.Buy product that come with a warranty.

There are plenty of products for which some companies offer a warranty.It will not only give you confidence in the quality but will also save you money on potential repair if they happen within the warranty period of time

9.Don’t spend much on trendy clothes

Trendy clothes may help you gain popularity but most of the time,they are a waste of money because you may not wear them since the trend fades out.So try to buy clothes that are timelessly trendy.

10. Exercise daily from home

Exercise should be a not-to skip part of your daily routine as it keeps people healthy and saves on money that otherwise you would spend on medication and hospital bills.This does not mean you should join a gym.You can easily practice exercising at home and avoid  paying a monthly bill to the gym

None of the above mention task are difficult,you can easily become adapted to them by making small effort.I am sure that these method collectively will hep you save a significant amount of money

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