Five simple ways to save money
How many times have you tried to save money? Do you feel like you could do more when it comes to saving and having a balance in your finances? If you’re between 18 and 25 you know you need to have a financial plan and that you should know how to spend your money and start your savings account.
Here are five simple ways to save more money on simple things that will help you achieve your long term goals.
1. Start cooking
Have you ever wondered how much of your money goes to eating out? Instead of hitting every fast food restaurant you could start going to the supermarket with a list and cook for yourself, not only this is cheaper but it’s healthier. Your wallet and body will thank you for this.
2. Look for deals
If you like to go out with your friends or you like to update your closet regularly, always look for the place with deals. Specially when it comes to clothing, you can find outlets with the same clothes you’ll find at Zara or Pull and Bear.
3. Small solutions equal big savings
What about bringing lunch to work, buying a reusable water bottle or avoiding ATM fees? These kind of changes may seem insignificant or too little to make a difference in your savings account but if you add them up you’ll realize that every small solutions equals a big save in the long run.
4. Buy in bulk
One of the best ways to save money is to buy in bulk, you can go to PriceSmart or Club Co with your parents or friends. Buying in bulk will not only save you groceries money but it will save you gas money since you don’t have to go to the supermarket that often. Toilet paper, cleaning supplies, frozen food etc, are great products to buy in bulk.
Zero credit card debt
If you own a credit card you should be fully informed of how they work and understand the pros and cons about having one. Credit Cards are great to build up your credit but be sure you have the funds to pay the bill and avoid having a credit card debt.
It may sound scary to think about buying a house, a car, having a family or even retirement but the future is closer than you think and having a big savings account will be very helpful for any situation.
Source: Elite Daily