Since the crisis began, saving has become a maxim for government, companies and of course, domestic economies. This is why you should know a few money saving tips to save on your domestic economy.
What are the methods that you should know?
Establish a budget is important that you take into account your monthly fixed expenses to calculate a saving goal. If you do not really like the numbers, get a spreadsheet to keep accounts up to date. Thus, you can control the quantities that you can save. Do not forget to include a percentage for variable expenses. You do not need to go from one supermarket to another looking at the prices. You can ask your relatives, friends, and coworkers where they buy and compare the quality-price ratio of the products. Probably when you know what others are saving, you start to get more interested in what you spend each month.
Avoid impulse purchases
Many times you buy things for a treat under the motto you are working for something. Impulsive consumerism is the worst enemy of saving and can alter your budget without you noticing. If you do not need it immediately, wait at the end of the month and invest part of your savings. Leave the credit card safe. It is for what it is. With online shopping it is true that on the internet you can find outrageously good offers of up to 75% or why not 90% in products of all kinds. Of course, before clicking without measure, consider yourself if you really need it. Any unforeseen expenses not reflected in your monthly budget will directly affect your ability to save.
Reduce expenses at home
You can save water and energy with efficient and ecological appliances. You will notice it in your balance of invoices. To keep the house at a suitable temperature by reducing consumption in heating or air conditioning, remember not to let heat in summer and cold in winter with good enclosures. The help of a professional in the field can help you not overlook your monthly budget.
Combining debt and savings
Although you have outstanding payments, keeping a part of money safe is essential. That is, you do not stop saving some money because you have to face certain monthly debts. In your opinion, there have never been more options to start investing. The minimum deposits that are requested to invest in investment funds are increasingly affordable to almost any pocket. If you are well-advised, you can achieve higher profitability of our savings in the medium and long term.
What if you can avoid all these machine coffee, the middle menu and the sandwich of the late afternoon? Yes, without looking at the change, you live very well but have you stopped to add how much you invest in these micro-expenses per day? All these expenses are avoidable with prior planning, if you always carry a thermos with coffee prepared at home, a bottle of water and something to nibble on or if you reduce the practice of smoking, the savings that occur are remarkable.
Establish a monthly budget
If you know how much you earn, why not venture how much you should spend? By making a list of expenses and fixed income you will more easily detect how to order the items’ better. And as soon as you receive the income and before carrying out any expense, allocate to savings the percentage that corresponds to you based on the total savings you have 20% if you have not saved a third of your net annual income or the 5% if you have saved more than a third of your net annual income It is very important that you save that percentage before and not after, the chances of you not achieving it if you leave it by the end of the month are greater.
Conclusion: Buy out of season
When you buy out of season, fashion has passed and there are a lot of garments that companies have a harder time storing than selling for a price that is much lower than the value of these garments. Value for the market that follows fashion which is the majority, it also applies to technological devices. Currently, scheduled obsolescence among other factors implies a greater rotation of the technology as a whole and this rotation is the that allows buying out of season with ease, acquiring the products of previous versions to very reduced prices to which they have the last versions. But remember, just reading any online articles regarding how or save your money or money-saving tips will not work unless you properly implicate all these tips and try to save something after a month.