Smart Savings

Tough times come in everyone’s lives and money isn’t something that flows freely to everyone’s wallets. Many of us spend more than we need be it out of cravings or for necessities. If you think saving money is very hard think again, it’s not that hard to save a few bucks even in times of recession or a bad cycle of debt in anyone’s life.

Street smart tips to handle money better:

Smart Savings

•    Re-use your stuff:

As the saying goes, don’t fix it if it isn’t broken – don’t buy something new if it can be re-used or repaired. You need not splurge on a brand new smartphone just because a corner took a chip on the pavement. Learn to re-use containers, bottles and other household products and create new useful items out of things you already have.

•    Cut on food costs:

No, you don’t need to starve to save money but consider being moderate on the olive oil and other expensive ingredients you put on the food. You can make your favorite fast foods at home instead of spending some hard earned cash at Taco Bell or Starbucks. There are plenty of healthy meals you can prepare for under 5$, just look them up on the internet.

•    Dress sharp for cheap:

A big party coming up and you need to get a tuxedo? Why not just rent one,don’t splurge on expensive brands at malls, go for cost effective clothing which don’t sacrifice on quality.

•    Work for yourself:

If you can create your own startup and work for yourself, the returns are sure to be greater. You don’t need to work all your life for someone else when you can work for yourself and make much more money with smart and hard work.

•    Cut the cable:

If you have a good internet plan you don’t need to invest in cable, you can stream TV for cheap from various streaming sites and catch your favorite TV shows for cheap. It’s a great way for some seriously Smart Savings.

•    Reduce cell phone costs:

Reduce your cellphone costs by relying on internet telephony, there’s no need to spend unnecessarily on phone bills when you can use apps like Skype and Whatsapp for communication at no cost with Wi-Fi being available nearly everywhere.

•    Better your career:

You may consider pursuing higher studies so your status increases in the workforce and you can get to better avenues and find better jobs. Sometimes to make money you need to spend money and investing in yourself is never a bad decision.

•    Tell yourself to spend less:

Dieting and saving money are nearly the same process you need to stay motivated and keep telling yourself NO whenever you want to spend on a luxury and stick to only things you must have.

•    Ask:

Sometimes all you need to do to reduce bills is just ask for a discount. Bargaining is not a difficult art, it just takes practice. You may find these small bargains accumulate into large savings at the end of the month.

•    Trading: You can get serious about trading on sites like Craigslist or eBay. Find deals for cheap and sell them at a small premium. There are plenty of situations when people need to sell things urgently – maybe even a card if they are moving away. Find such deals, bargain to get a sweet deal and sell them at a higher cost to make some quick cash. It requires hardly any effort, all you have to do is keep an eye on such website. You can also start purchasing from wholesale websites like Alibaba or Aliexpress and open up your own online store on sites like eBay and Amazon who allow partnering to small and large businessmen alike for sales.

You will be very surprised with how much you can save following these Smart Savings tips and you will most definitely be saving a lot more than you do now. All it takes is a bit of perseverance and patience. Happy savings!

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