Some Money Saving Tips

Talking about how to save money may sound easy, what is most hard about it is when you start to do it.

I do not claim to be the best when it comes to saving money, but I do have some trick up my sleeves. Here is some money saving tips that I have personally experienced and applied throughout the years:

1.) Be electric consumption conscious – With the rising cost of electricity this is probably one of the best money saving tips I could offer. Simply monitoring your electricity usage could save you a lot of money. This involves turning of appliances and lights that are not in use. Shifting to energy saving light bulbs will definitely help. We turn off our electric water dispenser and our refrigerator during the night time. Buying new home appliances makes a lot of difference in electric consumption. New home appliances are more energy efficient than old appliances. In the long run you save a lot on electricity. When we started becoming more electric consumption conscious at our house, our bill went down by almost 25 %.

2.) Save loose change – My mom has taught me a lot of money saving tips, but this is one that really stuck in my mind. Loose change may seem insignificant. I started collecting my loose change and after more than a year when my piggy bank was full, I saved more than P 10,000.00. ($200.00 U.S plus)

3.) Recycle – I have just started to implement this program. Instead of throwing away plastic, glass bottles and containers I started collecting them. Currently I have 4 sacks of recyclable materials that I am planning to sell at the end of the year.

4.) Not buying from the convenience store – Aside from the regular “convenience stores” Filipinos have small neighborhood convenience stores which they call as “Sari-sari” store. Normally, this are the stores where people buy stuff that they badly need. Doing this once in a while might be all right. But buying everyday needs in the sari-sari store is sure to cost you more. Sari-Sari stores buy their stuff from the grocery stores, making them more expensive than grocery stores.

5.) Eating out less – This is one of the money saving tips that most financial experts agree upon. I think nobody would argue with me bringing lunch from home to work is definitely much more cheaper than buying lunch outside. Frequently eating outside especially in restaurants will surely make a dent in your pocket book. If you are a “leisure eater” and would like to satisfy your gastronomic cravings by trying out new restaurants, just try to schedule and limit your restaurant visits to 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

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