How To Save More – Six Money Saving Tips

If you feel that everything is expensive, you are not alone. The recent rise in the cost of living has affected millions of people around the globe. Here are my six tips to save money that might help you reduce your expenses.

1. Save on grocery

• If you spend a lot on groceries each week, start comparing the unit prices rather than the headline price between different brands or sizes. Pick a standard unit of measurement like 100 gm and compare the price for 100 gm between the options.
• The supermarket brands are often cheaper. So, if available buy a supermarket brand of the product.
• Look for specials each week. Each supermarket has items on discount, special offers, and half-price quite often. Browse the supermarket catalogues, look online and see if the product you are looking for has a reduced price. You can also bulk buy items that are long-lasting like Rice, and pasta when you get a discount.
• If you are looking for an off-season fruit or vegetable, they can be quite expensive. It is often cheaper to buy frozen options.
• Buy refillable products when available. With products like hand washing or dishwasher, there are refillable options available. This will help you save money and reduce environmental waste.

2. Save on electricity

• You can save money on electricity by getting the most out of everyday use appliances such as washing only a full load of clothes.
• Turn off the power-sucking devices that you don’t often use like microwaves and printers. If you are going away for a long time, unplug the large appliances.
• If you are already cutting back on electricity usage, try switching the provider.

3. Save on clothing

• If you are about to buy clothes, look for a sale. If there is none at the moment, you might wanna wait a week and see if there will be one. You can often save a lot of money while buying on sale.
• You can also plan ahead for shopping and shop off-season. Shopping off-season will help you save a lot.
• Many stores provide discounts or vouchers on your birthday. So, don’t forget to sign up with your favorite store and grab the deal.

4. Pay off the debt

• If you have debt, first clear your debt before planning to save money. If you have extra money, use it to clear debts.
• You can save thousands in interest by clearing your debt sooner.

5. Know your money and set saving goals

• Don’t be afraid to look at your bank statements. Get a clear picture of your spending habits and identify where you can cut back and start saving.
• Set a saving goal, no matter big or small. Decide on a fixed amount and always save first on your payday and then spend the remaining. This will help you to stay focused and spend on the budget.