9 Simple Money Saving Ideas

9 Simple Money Saving Ideas

All of us have heard or come across a Mr Joe who won a lottery or made an inheritance that made him insanely rich overnight. But then he lost everything in the due course of time and turned into a pauper again. But we don’t want that to happen to us, do we? The trick of being wealthy is not only to get rich but to hold on to your riches as well and that is something that everyone is not capable of. Thankfully, we are there to help. All you need is some money saving ideas that are listed here.

1. Don’t rush into buying anything

You might have woken up one fine morning from a dream with a deadly desire to buy a Porsche, but wait before you head off to the dealer. Always wait for at least a fortnight before making an investment and think on whether you really need it or not. Besides, it will also enable you to make an informed decision about the brand and dealer, in case you decide to go ahead and buy it.

2. Stick to the shopping list

Buying things on impulse should be avoided. Hold on tightly to your shopping list and don’t make any unwanted deviations from it. If an Armani suit or a diamond necklace catches your eye, just look away.

3. Hold a get-together at home

You can have the same fun at home with your friends at much less cost than heading out to a posh restaurant. Avoid eating out unnecessarily and prefer celebrating at home.

4. Prefer public transportation

Public transport is not only cheaper but sometimes it gets you faster to your destination as well. Besides, you’d also be saving the planet for future generations by saving on fuel!

5. Avoid luxury

Do your own work instead of getting someone else to do it for you. Prepare a cup of coffee rather than heading to Starbucks. These will do wonders to your savings.

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