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How to Save Money: Tips for Smart Budgeting
24.10.2024 20:15
Many people think that saving money is a huge hassle and constant limitation of oneself in everything.
But in reality, everything looks completely different.
Nobody is asking you to change your life radically or buy low-quality everything.
This is the most common misconception. Let's look at how to save money.
Saving on food
Is it possible to save on food? Food products are needed every day. Therefore, expenses on them are the main ones in the family budget.
On average, they make up at least forty percent of total income for middle-income families and seventy to eighty percent for low-income families. There are many ways to save money.
You can buy products at the market, make bulk purchases of products suitable for storage.
Supermarkets constantly run promotions on certain groups of goods to attract customers.
And in some supermarkets you can buy homemade confectionery and bakery products, starting from eight o'clock in the evening, with significant discounts - from thirty to fifty percent.
How to save money at the supermarket and on transport
How to save money at the supermarket? Buy only the most necessary products from a pre-made list.
Look for lesser-known brands on the shelves that are just as nutritious as the more expensive ones.
Reduce your visits to the supermarket to a minimum. Buy groceries for the week ahead. It will be more economical and convenient.
Of course, this does not apply to buying baked goods or dairy products, as they do not last long. Having discount cards certainly does not hurt.
With their help, the percentage of savings can be from two to seven percent, depending on the supermarket.
Now let's find out how to save on transport. Unfortunately, many people are not inclined to save on transport.
They try to ride even one stop, rather than walk. If time is running out, it is quite possible to wait for a trolleybus or tram, rather than a minibus.
Of course, if you need to make one or more transfers on public transport, but you can get there immediately by minibus, then use it.
It will be much cheaper. And if the number of your trips exceeds fifteen to twenty per month on a trolleybus or tram, it is more profitable to buy a travel card. Please take this into account.
If you only drive your own car, then no one will advise you to save on gasoline by buying low-quality gasoline.
Just try to drive at a calm pace, and your fuel consumption will decrease somewhat. You can also save money on car washing. Do this procedure yourself, and do not use the services of a car wash.
Saving on utility bills
How to save on utility bills? Utility bills are also a significant expense item.
First of all, it is necessary to control the consumption of water, gas and electricity.
If you do not have meters for them, then you receive monthly receipts indicating the generally accepted consumption rates of these resources per person.
You should compare what will be more profitable for you: to pay for the use of these resources according to generally accepted standards, which, as a rule, include any leaks, or according to meters.
In most cases, installing meters and paying based on their readings brings significant benefits.
An exception may be a discrepancy between the registered number of people and those actually living in the apartment.
If you have a limit on your electricity consumption, it is advisable not to exceed it.
The same applies to natural gas consumption. After all, the more you use, the more you pay.
Previously I talked about how to get rid of the poor person's mindset or why the poor stay poor.
