Saving money was quite essential and it became more crucial after we witnessed the effects of financial crisis on common man. Here are few tips on saving money for young adults. Have a budget Young adults don’t have much responsibility as most of them aren’t married and don’t have kids to take care of. This is probably the best time to inculcate the habit of living with a budget. It’s quite simple to start with. At the beginning of every month, determine the amount of money that will be flowing in. Then, deduct the amount you will be spending as necessary expenses and think about how you will invest the left over amount. Gradually, start reducing the amount you spend on various things. Start saving early Probably there isn’t any right age to start saving. However, starting early [...]

Exactly a year ago, my electricity bills were more than three times it is now. Every time I had a look at my bills, I used to get a minor heart-attack. Hence, I decided to cut down on these bills before it becomes a major reason of my death. Yes, these minor attacks could have transformed into major ones and I could have died. However, I created a live-saving, or rather electricity-saving list that helped me regain my health and my heart. Let’s have a look at few best ways to save money on electricity bills. CFL Bulbs Also known as Compact Fluorescent Bulbs, these bulbs are quite useful as they save loads of energy. I have replaced all the bulbs, including the one in my refrigerator, and have successfully cut down my bills. My bathroom used to have four bulbs. However, one CFL bulb [...]

Times are tough and it has become quite crucial to save money wherever we can, to survive and fight the economic battle. We don’t really realize how much money we spend on phone until we have a closer look. Here is a list on how to save money on phone bills. If most of your outgoing calls involves international calling, it’s advisable to ask your service operator to provide a ‘pay per second’ or ‘pay per 10 seconds’ plan. This has proved to be a much cheaper plan than ‘pay per-minute’ plan. Many times, your conversation time is as short as 10 or 15 seconds, and you have to pay for the whole minute. Sometimes, the person on other end is not able to hear you clearly. In such cases, you disconnect the call within 10 seconds. However, you pay for the whole minute. Hence, it’s [...]

Wedding is definitely a pleasing event. However, the cost involved to arrange a wedding is quite high and unmanageable. But if you think intelligently, you can have a cheap but very beautiful wedding. Here are top 10 ways to save money on your wedding. Fewer Guests With every name you add in your guest list, you are increasing the budget considerably. It’s not just food cost, but you also spend more on rentals, centerpiece, favors, etc. It’s not really important to invite people whom you haven’t talked since last 3-4 years. And don’t compel people to bring a date, if they are single. Save Postage cost Avoid having a blotted paper or inner envelopes in your invitation. Get a cheap but decent envelope instead of an expensive one. It’s really unnecessary to have a reply card. [...]

Dividends, bonuses, and paychecks don’t last long. Hence, saving money regularly is a difficult challenge for most of the people. However, it isn’t much difficult if you have the right approach. Here are 10 most effective money saving ideas that can help you to accumulate a huge amount over a period of few months. Track your spending We come across many things everyday and we spend money on them casually. Later, at the end of the month, we wonder where we spent so much. Hence, tracking money is an effective way to know your spending habits and your attitude toward saving. This will also help you to know which expenses are important and which can be avoided. Do you, for instance, purchase coffee every morning when you can get it for free in your office? Pay Yourself Time and again, [...]

It’s quite easy to pull out you wallet and pay money for useless things. The reason why I am saying it’s easy is because people are now habituated to make certain expenses every month unconsciously. Hence, rather than looking at other difficult opportunities to save money, let’s have a look at how we can save money every month easily. Here is a list of expenses which we generally incur every month and how we can cut it down. In short, this list provides help on how to save money every month. If you have a cell phone, you don’t really need a home phone. Actually, a mobile phone is better than a land line phone in every way. I don’t still understand why people need it at home and offices. Get rid of them and save some money every month. Yes, I understand internet is an essential [...]

Capital is what you need to start a business. However, if you indulge in splurging your capital, you would never be able to run a successful business. However, by saving money, you can invest twice the amount of your capital. How is that possible? Here are few money saving tips you must remember if you start a business. If you are starting a new business that requires office space, don’t buy it. Ask your friends, colleagues, relatives, etc., for free space till you start earning from the business. This will save you a great deal of money. If you don’t get free space, go for a cheap place and don’t get fancy furniture for your office. This is an exception, if your business involves clients coming at your office. However, you can ask them to meet up at a neighboring restaurant [...]

Big amount of money can be saved if you can hold back the consumer in you. Instead of saving money by cutting down on little things, it’s quite important to recognize things that can save big money. Quit Smoking Obviously this isn’t for those you don’t smoke. But for those who smoke, it’s a huge money saving opportunity. If you are addicted to smoke a pack each day, quitting smoke can easily help you to save around $5 per day, which equals to $1,800 every year. Along with gaining this amount, you also save money that you probably would have spent on health issues like insurance, medicine costs, etc. This is one of the best ways to save money. Purchase used items You can reduce your overall expenses by around 25% merely by purchasing used items whenever possible. Various [...]

No doubt it’s an idiot box, but it’s the major source of household entertainment. There’s no way you can escape from its attraction even though you know it costs a lot in terms of money and time. Yes! The television is such a gadget. Now, with satellite television being an almost mandatory household feature, you cannot really avoid spending a significant part of your monthly income on it. But here are ways in which you can enjoy your cable TV without burning a hole in your pocket. Bundle up your cable services with other services from the same company if applicable. For example, take cable TV connection from your telephone and internet connection provider. When you take two or more services from the same provider you’ll be getting cable service at a lower cost. Many cable TV companies [...]

Reading books is a passion for many, but this recession might have prompted you into slashing that extra expenditure that you make on purchasing books.  Don’t worry; here are some cost saving ways for you to pursue your intellectual interest. Join a purchase rewards program- Barnes and Noble; Book a Millionaire, Border’s Rewards are all bookstores that offer you attractive reward programs once you buy books from them. Watch out for their coupon reward system which is going to offer you discounts. But these discounts are profitable only for regular buyers of books and not occasional purchasers. Barnes and Nobles and Book a Millionaire offer 20 % to 40 % discounts. Border’s Rewards prizes you with $5 on purchasing books worth $ 150. Along with rebates you get emails and offer letters [...]