Saving money is one of the first simple solutions to earn money. Indeed, this is a quick way to increase the usable portion of the income. This article will provide you with the basics to save without changing your lifestyle with respect to savings.
Think about all the expenses that do not vary from one month to another. Rent, electricity, water, telephone, internet, insurance (house, car, etc), mutual funds, bank charges, transport or parking fees, credit refund, etc. In general, they are characterized by their operation in the subscription. You pay each month a fixed amount in order to obtain the required service in return.
Variable expenses are all other forms of expenses like food, clothes, etc. or accessories like a meal at the restaurant, the latest smartphone, etc. They will require more effort to be modified.
First, focus on fixed expenditure. On a notebook make a table with 3 columns. The first will contain the name of the various fixed expenses, the next the amount of the latter. The third column will be used, later, for the amounts on which savings have been made to see the difference and thus know how much you have extra. Do not forget to add a “total” line at the bottom of your table, as well as a box at the bottom right of the table in which we will indicate the total savings. Fill in the table. Here you can see all the categories of your expenditure altogether.
• Telephone and Internet
For several years now we have seen a decrease in rates for both mobile telephony and Internet access. The offer is vast and varies from simple to double depending on the package that operators offer. But if you take a closer look, most of the items in these offers are not really useful. So maybe this is time for you to change the operator.
• Bank and bank charges
Does your bank charge you for services when you want to see your account online? Recent studies have shown that most banks over-charge their customers. There are banks that offer you free services online. The account transfer is often carried out directly by these online organizations – which therefore take care of all the formalities – and which sometimes offer you the closing costs requested by your bank. Avail these online services to reduce the expenditure on bank charges.
• Insurance and mutual insurance
Each insurance company offers a completely different range of services. It is therefore sometimes difficult to compare offers. The simplest is to go back to basics: for each type of insurance, you make a small list of the services you really need. Once you have selected your criteria, go to insurance comparators.
• Gas and Electricity
There you can play on two aspects, on the one hand – as for Internet or banks – change provider and thus lighten your subscription costs; on the other hand pay attention to your consumption to reduce your bill. The second step will be a little more restrictive than the first, but the savings will undoubtedly be greater. For the change of supplier, know that the only step you will have to perform is the signing of a new contract. The new provider then takes care of everything. In addition, you can always return to your original supplier if the services of the new do not suit you.
Controlling your consumption of water by taking showers rather than baths, shooting a little less hunting, filling a little more washing machine to make a single machine instead of two, are small simple actions that will allow you to lighten your bill. Unfortunately, much of the bill does not depend directly on personal consumption. The savings will probably be quite small but cumulated with the rest.
Saving money on this type of expense seems less interesting. It’s not that that changing your lifestyle to suit your income level is not a good thing; it’s just that playing on variable expenses will take more effort than spending on fixed expenses. Indeed, they will force you to change your habits. And there, saving without changing one’s lifestyle is much more difficult than it seems.
Here are some simple tips to follow. They will allow you to save money in your daily life. And that, without upsetting his way of life:
- Stop all subscriptions to magazines, collections, and others that are not useful to you anymore
- Control your shopping on impulse.
- If you have to take your car every day to work, public transport will come as cheaper to you than your monthly fuel expenses. Otherwise, there is still the option of your two-wheeler which will lighten your fuel bill a little.
- If you spend a lot of money on cigarettes, cut short on your expenses by stopping on this habit.
Once you have implemented some or all of these habits your usable budget (the money you can use once all of your fixed expenses have been settled) will increase. It’s up to you to see how you will use these extra sums. If you have credits, try to use some of the extra money to repay them. Set aside some or all of this money to create a small reserve to use in case of an emergency. If usually, the ends of the month are difficult to complete and you really have to tighten your belt, the money saved will be a reliever for your monthly budget.