Worrying about your savings in aftermath of inflation and recession in 2011? Here, I have highlighted main money-saving tips that will see you through your worries. I hope this article is helpful you get back into your savings plan.
Saving money nowadays is like baby-sitting, at one point you are lively but the second minute you are angry. So, what can be the best way to save money in this economic swinging-pendulum era? Recovering economy should influence us to save more money than how we did before. How do we go about it then?
a) Provided that most of us are recovering from the downfall of global economy- inflation that recorded the worst performance in global markets, that caused high rising of human essential needs. What if you continue assuming you are paying high rates on essential needs! Saving extra money. At the end of the day, you will have a good sum of money in your savings. However, it needs a hard struggle to maintain this.
b) Going for cheap but quality products at the market is another way to have some money to save. If for example you go to you favorite store to buy a certain item at $10.23, but the same item can cheaper in another store, say going for only $10, then you will have a few cents to save when buying in the latter store. Here it is just a matter of calculation to help you have something in your savings.
c) Little by little makes a chain. If you have a few cents in your hand that you do not have anything to spend them on, have them counted in your savings. These few pieces of currency we neglect are the one that makes up big money that we have in our savings account. By the way, it is very easy to save few coins and notes than taking a big amount into your savings. In most cases, one can easily be tempted to stretch his/her arm into the saving basket- breaking the rules of saving money for future.
d) Being patient and focusing on your saving-plans is the right way to see you succeed in saving money. We all know it is not easy since things we need in life can exceed the money we have, hence overspending. However, that should not be a hurdle in money saving practice; in fact it should give us morale for saving more for future acquisition of what we do not own- even though we need one.
Be fully focused in real life and avoid competitions of acquisition. This is a major problem when it comes to savings and push-and-pull of lifestyle. If you want to save money for future use, then be disciplined on what to buy and what to ignore. Some of us would go for an item just because someone just bought it, what you do not know is what he/she did to own that commodity. Just be on your own in the world of nobody, and the future will reward you for your efforts.
Published in: Family