Some Tips On How To Save Money

It may be easy to talk about saving money, the hardest thing about it is the doing part.

I am not saying that I am an expert when it comes to money savings. But I do have some experience in doing it. The following are some money saving tips that I have applied and I believe can be applied to your life too.

1.) Be electric consumption conscious – Considering that electricity cost is very expensive nowadays, this is probably one of the best money saving tips I could offer. By simply monitoring your electricity consumption, you could save a lot of money. All it takes is turning of appliances and lights that are not in use. Other measures include shifting to energy saving light. What we personally do is that we turn off our electric water dispenser and our refrigerator during the night time. Buying new home appliances certainly helps reduce electric consumption. It is a well known fact that new home appliances are more energy efficient than old appliances which enables you to save electricity in the long run. Our bill went down by almost 25 % when we started becoming more electric consumption conscious.

2.) Save loose change – My mother has taught me a lot of money saving tips, but this is one good habit that is very difficult to break. It may seem insignificant to collect loose change at first. But if you are religious in collecting it, it will start to grow. There was one time when the loose change I saved reached more than P 10,000.00. ($200.00 U.S plus)

3.) Recycle – More than 3 months ago I started implementing this new program. I started to collect plastic, glass bottles and containers. I now have 4 sacks of recyclable materials and I will be selling them by the end of the year.

4.) Not buying from the convenience store – Filipinos have commercialized “convenience stores” but there are also neighborhood convenience stores which we call as “Sari-sari” stores. This is where most Filipinos go to when they run out of shampoo or cooking oil. If you badly need the stuff and you do this once in a while, that may be all right. However buying your everyday needs in the sari-sari store might prove to be more expensive. Sari-sari store are definitely more expensive than the grocery stores because they buy their stuff from the grocery stores.

5.) Eating out less – Among the money savings tips, this one is sure to save you money. Instead of eating outside why not bring lunch from home. Eating outside more will surely make a dent in your wallet. I am not saying that you can’t eat outside. If you are a “leisure eater” and you are fond of trying out new restaurants, schedule your restaurant visits at least once a week or once a month.

Do you like to know moremoney saving tips ? Visit the blog of Zigfred Diaz where he blogs about several interesting topics such as investments, money management, business, making money online and Stock market investing