The right blend of earning, spending and saving will help you to live life without any regrets. No matter what, it’s the money that eventually brings happiness in life. Therefore, you should ensure to take your budget planning seriously and think of some smart ways to save without compromising on your lifestyle spending. You don’t need to do anything extra to save money, but, you just need to focus on your daily activities and make some adjustments to bring financial stability in your life. We bring to you some of the coolest hacks to save money that will not even cost you a penny.
If you start using your home electrical appliances in a judicious way, you can at-least save Rs. 500 to Rs. 1000 on a monthly basis. Following simple things such as defrosting the refrigerator regularly, turning off the devices when not in use, reducing the temperature of water heater, cleaning the filters & keeping the temperature moderate in ACs and planting trees to keep the home cool can do wonders in saving your electricity bill. You can save that money by opening a recurring or fixed deposit account.
Always try to take care of the fuel usage and ensure to use public transport at-least twice in a week. You can optimize the fuel usage by not changing the gears frequently, maintaining perfect tyre pressure, switching off the idling engines and cleaning out the junk accumulated in car. This will increase the efficiency of your car. In addition, if you are opting to travel by public transport twice in weak, it is not only going to save money for you but also will give some rest to the traffic. By follow these commutation rules; you can save up to Rs. 1,500 per month.
Rather than going for high-end branded store, you can buy vegetables and fruits from weekly and local stores, which are 10% cheaper than the earlier. Also, try to buy non-perishable food items in bulk to save at-least 15% on the grocery bill. Next time, you go to buy pulses and cereals, make sure to buy packaged food item rather than going for loose as it will save you Rs. 5 to Rs 7 on every kilo you buy.
Lifestyle and Entertainment
Well, entertainment is an integral part of everyone’s life, and cannot be compromised in any sense whatsoever. However, you can at-least play smart and stay conscious while spending on lifestyle and entertainment. For example, you can order food through app (those who give discounts) rather than going out for dining. Also, you are planning to have party with your friends, make sure to wrap up your drinks at home and then go out to have food. Remember to visit restaurants and bars in group as the bill gets split. In addition, don’t fall prey to do unnecessary shopping just to suit the glamour and ambience. Keep these things in mind, and we guarantee, you can at-least save Rs. 2,500 per month on entertainment bill.
If you can restrict the spending on drinking and smoking to an extent, it will be of great help to you. Almost, you can save Rs. 3,000 by limiting yourself from drinking and smoking. It’s not only going to save money for you but also will make you stay fit and healthy. Other than this, try to use Skype and What’s App while making international calls as it save your phone bills.
Go online while making payments
Try to use e-wallets as much as you can while making payments as in this process, you may discounts, paybacks and cool offers. Therefore, next time, you want to buy apparels or consumer electronic products, make sure to use e-wallet and start saving money in the process.
And, use all these saved money in making investment in mutual funds, fixed deposits, stocks and PPF to let your wealth grow exponentially.
Hope these cool money saving tricks will help you to lead a wealthy and prosperous life. In case, you have something to say, please feel free to write down your comments in the below mentioned box. Further, don’t forget to share this article across your circle to let your friends know about the money saving tips.
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