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10 Money Saving Secrets You Should Know! by Nobody: 12:02am On Feb 25, 2013 |
Many of us find it very difficult to save. I have had this experience too. I wanted to share a few tips that will help fellow Nairalanders save some bucks. Here are some tips you can start applying now: 1. Pocket Change Keep a jar or some type of container handy and each time you come home, drop in your change. Every time you break a bill, put the change in your container. You will be amazed how quickly your money will build. 2. Squelch the Smoking This is probably the hardest habit to break but in addition to saving your health, you will also save money. Cigarettes have become quite expensive and if you can quit smoking, you will enjoy breathing easier and having more to put away for a rainy day. 3. Dinner Guests Invite friends over for dinner as a potluck. People love sharing their favorite recipe and by splitting dinner, everyone enjoys variety while saving money. In fact, make this a tradition amongst your friends. 4. Live Within your Means The quickest way to get in debt is to live beyond your means. Sure, most people want more than they have but life is not all about spending money. Be thankful for what you do have and learn how to enjoy the financial position you are in. This is where your budget will help identify the amount of money coming in against the amount of debt going out. 5. Coordinate Efforts If you are married, make sure you and your spouse are working on the same agenda. If one is trying to save money while the other is busy spending, what is the point? When you work as a team, you can encourage each other to keep on track with your saving. 6. Borrowing Money Unless you have an emergency, avoid those enticing advertisements to lend you money at incredible rates. Banks and lending institutions make it much too easy to borrow money and especially during the holidays, they flash all their great advertisements drawing people in. Afterwards, you have borrowed money that you could have done without and now you are locked into a five-year repayment contract. If you want a new car or boat, it is better to save. If you do need a new car, avoid brand new cars, which lose massive amounts of depreciation the minute you drive off the lot. Instead, look for something a year or two old where you will still have a nice car but much more in line with an appropriate cost. 7. Automobile Care Keep your car oil changed, tires rotated, and overall care up-todate. First, the $30 for your oil change will save wear and tear on your car, which could result in significant money. Second, you need your car to get to and from work. By not having your car in top working condition could put you in a bad position when it comes to required transportation. 8. Good Health You need to make sure you take care of yourself physically. Missed dental cleanings (every six months) can lead to gum disease or tooth decay that can cost thousands to fix. The same is true for your health. After trying home remedies or over the counter medications, if you still do not feel well, see a doctor. It is far better to pay the doctor visit than to let your simple summer cold turn into pneumonia. 9. Turn your Hobby into Money Everyone has a skill – find yours and turn it into money. For example, if you have a skill for woodworking, start creating children’s toys, or curio cabinets to sell. Perhaps you are computer savvy and could teach a class at your local community college. Find something you enjoy and sell it. 10. Life Satisfaction Learn how to enjoy life and nature rather than possessions. The next time you feel like spending money, head to your local park where you can enjoy the warm sun, green grass, and towering trees without spending a dime. Being happy in life is far better than buying item after item. Having an inner peace is better than having a house filled with “things.” That does not mean you cannot enjoy some of the finer things in life it just means learning how to be happy with yourself and not “things.” Thank you for reading... |
Re: 10 Money Saving Secrets You Should Know! by bigt2(m): 1:04am On Feb 25, 2013 |
Where the mods at? This is a fp material |
Re: 10 Money Saving Secrets You Should Know! by koksybrown: 10:09pm On Feb 25, 2013 |
Nice Post |
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