There are billions of people all around the world and while we might differ in culture, race, the language we speak or even the things we believe, it is set in stone that we all need money to survive. All of us experience similar things regarding our finances. These include bills such as mortgage, gas or transportation and buying the daily commodities such as food.
Though some are more-wealthy, and others might not be so wealthy, there are also things all must be mindful of and that is saving money. While some might see it as negative, we’re all going to age one day, perhaps but hopefully not, our medical bills will increase or maybe, we’ll miss out on buying that thing we really wanted just because we couldn’t afford it at the time.
Saving money might seem like an incredibly difficult task but it is one that will be helpful and add to the overall wellbeing of your life. Just how can you save more money?
Move your bank account to take advantage of added benefits and earn a higher interest
If you’re paying a monthly fee for either your savings or cheque account, you could potentially benefit reading up about offers that your bank and many others have to offer. Some banks even offer sign up bonuses when opening your account and allow you to deposit money directly at any time without added interest. One must make sure to choose the right bank though, as some will charge you interest every time you either deposit or withdraw money.
Turn off the television
How do you save more money? Possibly not by turning off the TV, right? Wrong. Cutting down on the time you watch television will one, reduce your utility bill and two, perhaps most importantly, avoid you from seeing everything you want to buy. By watching less TV, you are also allowing yourself more time to focus on things like work which will also benefit you financially both in the present and future.
Stop collecting and start selling
Are you a collector? Chances are you have a lot of things that you just don’t need. Perhaps you are one of those who thought collecting things will bring you wealth one day and well, it hasn’t worked out quite as you thought it would. No fret. Hence the internet, you’ll be able to sell those collectable items in no time. Thanks to sites such as Craigslist, people will buy almost anything and you’re the lucky person to become their seller.
Master a 30-day rule
Could you stop spending money for 30 consecutive days? Here’s a challenge for you. We’re not talking about bills and food but spending money on things you don’t need, such as four dinners a month.
Think about it, it all adds up.