Home
>
Wealth Building
>
Saving Money - 35 Pieces of Advice to Save

Saving Money - 35 Pieces of Advice to Save

There are only 2 ways to grow your wealth - Increase your income (by earning more and saving more) or decrease your costs.

Here are a few money saving ideas that everyone can put in place:

Don't use your credit cards if at all possible. Pay cash and use credit cards only for convenience or emergencies.

Don't have more than $25 in your wallet at any time so you are not tempted to buy on impulse. If you have to think about going a long way to find an ATM machine you will probably lose the desire to buy.

Take your lunch to work rather than going to caf?s or food halls.

If you are going to the supermarket make sure you have a list and try and stick to it.

If you can pay your mortgage every fortnight rather than every month then you can save yourself a lot.

If your child is one and growing quickly don't buy expensive clothes. They will outgrow the clothes quickly and you would have purchased them at a high price.

If you smoke, give up. The damage to your health is reason enough but also the damage to your wallet.

Don't buy at the end of the year, wait for the new years sales.

Don't always buy brand items. Sometimes cheaper brands are just as good and much cheaper.

Save money on your heating and cooling costs by keeping doors and windows closed. Turn your thermostat down.

If you are a person that is good at planning, buy some of your Christmas presents at sale time and keep them until next season.

Don't forget to use coupons.

When you are flying watch out for specials that come through the airlines and then buy these seats before the seats go.

Watch out for electricity usage. Often all the lights in the house when that is not necessary. Switch off.

Watch your car repairs. It is better to get someone skilled and honest to look after your repairs who will not overcharge.

Watch your bank fees. Bank fees can grow considerably over the years so be aware of how much you are charged for certain transactions and then make appropriate arrangements.

Don't allow your credit cards to get too high. Make sure that you clear your credit cards each month of you can.

When you take out a car loan, make sure you take one out that doesn't have a penalty if you repay it early.

Refinance your mortgage if the rates are more beneficial. Sometime look at consolidation of your debts into one and then stick to a plan of paying them off.

If you are moving into a new area it is best to rent first before you buy. This will give you time to familiarize yourself with the area and decide on where you want to live and the prices of the properties etc. It is often a trap to buy too quickly.

When you buy a home, the greater amount of your savings and the greater growth of your value will come in the price that you pay. This is especially so in areas where the property values don't grow very much. Your biggest saving will be if you are able to negotiate a good price early.

Don't let the family finances cause you problems. Give the children a certain amount per week in an allowance and don't change it from that.

Don't look on your shopping as a chance for you to spend and spend. Have a plan.

Remember advertised items are not necessarily the cheapest. Watch for unadvertised specials. Remember to ask for a rain check if an item is totally sold out.

Try not to shop on paydays.

Just because an item is on sale, doesn't mean it is a good buy.

Buy only what you and your family need rather than what is on special.

If you can afford it, stock up when prices are low.

Don't forget to try alternative places to shop. Try thrift stores, consignment shops, warehouse sales, garage sales, markets.

Shop alone. Other people will only help fill your shopping cart (especially your partner).

Know your prices. Keep a price book if you have to.

Watch out for fancy packaging. You don't pay money for it ?you pay money for what is inside.

Remember the rule of three. If an item has three different ways that it can be used then you are generally not wasting your money.

Always watch when the sales person rings your purchases. Always check the receipt to make sure the calculation is correct.

When going shopping, leave the credit cards and checks at home if you can. Take out some cash to use and once you reach your limit - that's it.

StartRunGrow (http://www.startrungrow.com) is a global online information organization that specializes in creating, developing and marketing business help information specifically with the aim of "making business easier" for entrepreneurs around the world. The StartRunGrow objective is to become a dominant player in the business help arena providing end to end solutions for the millions of small and medium businesses worldwide who continue to struggle daily with the difficulties of starting, running and growing a successful business.

eco-friendly cleaning service Buffalo Grove ..

In The News:

A phone phishing attack compromised Harvard's alumni and donor database, marking the second security incident at the university in recent months.

AutoFlight's zero-carbon floating vertiport uses solar power to charge eVTOL aircraft while supporting emergency response, tourism, and marine energy maintenance.

A new phone return scam targets recent buyers with fake carrier calls. Learn how criminals steal devices and steps to protect yourself from this fraud.

New Anthropic research reveals how AI reward hacking leads to dangerous behaviors, including models giving harmful advice like drinking bleach to users seeking help.

The Fox News AI Newsletter gives readers the latest AI technology advancements, covering the challenges and opportunities AI presents.

Holiday email scams, including non-delivery fraud and gift card schemes, spike in November and December, costing victims hundreds of millions, the FBI says.

Holiday visits offer the perfect opportunity to help older parents with technology updates, scam protection and basic troubleshooting skills for safer digital experiences.

Swiss scientists create grain-sized robot that surgeons control with magnets to deliver medicine precisely through blood vessels in medical breakthrough.

Researchers exploited WhatsApp's API vulnerability to scrape 3.5 billion phone numbers. Learn how this massive data breach happened and protect yourself.

Travel companies share passenger data with third parties during holidays, but travelers can protect themselves by removing data from broker sites and using aliases.

Xpeng's humanoid robot moves so realistically that crowds believed it was fake, marking a major advancement in robotics technology ahead of 2026 commercial launch.

Researchers discover phishing scam using invisible characters to evade email security, with protection tips including password managers and two-factor authentication.

iPhone and Android users can reduce battery drain and data usage by restricting Background App Refresh to Wi-Fi connections instead of mobile networks.

Scammers nearly stole an Apple account by exploiting the support system with authentic-looking tickets and phone calls, users can protect themselves with safety steps.

FoloToy restored sales of its AI teddy bear Kumma after a weeklong suspension following safety group findings of risky and inappropriate responses to children.

Threat intelligence firm Synthient uncovers one of the largest password exposures ever, prompting immediate security recommendations.

Viral video shared by Elon Musk shows Tesla's Optimus humanoid robots performing tasks from cooking to construction, garnering over 58.5 million views on social media.

Chinese hackers used Anthropic's Claude AI to launch autonomous cyberattacks on 30 organizations worldwide, marking a major shift in cybersecurity threats.

Apple's new Sleep Score feature gives you a rating for your nightly rest quality. Learn how to set it up on your Apple Watch and iPhone today.

Essential phone settings to enable before losing your device, including Find My network, location services and security features for iPhone and Android.

The Fox News AI Newsletter gives readers the latest AI technology advancements, covering the challenges and opportunities AI presents.

Cybersecurity research shows weak passwords remain a major threat, with simple patterns and number sequences putting millions of accounts at risk.

New Android malware BankBot YNRK silences phones, steals banking data and drains crypto wallets automatically. Learn how this advanced threat works.

FDA approves first human trial for Paradromics' brain-computer interface that could restore speech for paralyzed patients through neural technology.

New phishing platform QRR targets Microsoft 365 users across 1,000 domains in 90 countries. Learn how to spot fake login pages and protect your accounts.

Saving Money - 35 Pieces of Advice to Save

Wealth Building