Put Money Back Into Your Wallet In Simple StepsPosted at by ifydcat on category Personal Finance
Saving money isn’t something that has to take a lot of effort! By exercising some simple common sense money saving tips, you can be well on your way to saving money and putting more back into your wallet. The advice in the article below is sure to save you some hard earned cash!
Banks are ten a penny and they can be picky towards you, so you should be wise in picking the bank that’s right for you. Choose a bank that offers a free account without any obligations or monthly fees. Some banks are sneaky and claim that the bank accounts being offered are free; meanwhile, they require you to make certain monetary deposits each month or use the account a certain number of times or a fee will be posted to your balance. Make sure to read all of the fine print and understand exactly what type of account you hold.
Shopping is always fun and tempting. This is probably the most dangerous pastime as it can lead to more money spent than intended. The best way to work around this problem is to make a shopping list and don’t stray from it. Decide to only purchase the items that are on your shopping list and nothing else. It may seem hard at first, but you will get the hang of it once you do this a few times.
Eating out is an easier approach than having to cook your own meals, but it can also prove costly. Most fast food restaurants not only hinder your health but your wallet too! Cook your own meals whenever you can and store them in your freezer. Consider dedicating your weekend to cooking your meals for the week ahead. This can save you money, give you a healthier lifestyle and have your meals prepared for a week.
Understand the importance of do-it-yourself or DIY projects. Many of the things that you see available in stores, you can make yourself for one third of the cost. A good example of this would be holiday decorations. Don’t pay ridiculous amounts for a Christmas wreath or a gift basket. Be economical and personal, and do it yourself!
You have probably walked down the aisle at your local supermarket and noticed the generic versions of many popular products. Listerine, for example, is pretty pricey in and of itself because you are paying for the proven brand name. However, by reaching for the generic store brand products you can get the same effectiveness for half the cost. Don’t think that just because you are paying extra you are getting a better product. Remember, toothpaste is still toothpaste and so are baby wipes!
Reading is a favorite pastime for many, but it can also become costly. It is hardly a wonder that so many famous bookstores are closing their doors. Meanwhile, Amazon Kindle may have something to do with that, and it’s quite clear that so do their prices! Get a card to your local library and check out some books that are of interest to you. Most libraries have bestsellers available to check out as well as magazines, music and DVDs.
Sometimes you are faced with a catch 22 option. Should you sacrifice the reliability of one product over the idea of spending less? In some cases this may not matter. For example, purchasing a paper towel or plastic cups will rarely hinder the performance of anything if purchased at the lowest price. However, cosmetics and beauty products should not be purchased at the cheapest price. Stick to what you know and love. Don’t pinch pennies to the point that you end up using an inferior product or one that can cause an allergic reaction for you.
Pinching pennies doesn’t always have to be literal. Making some well informed and wise decisions about your spending can go a long way in keeping money in the bank or your wallet. Follow the tips from the article above and you are sure to see an improvement in your personal finance!