Here you will find 10 good ideas to save money. Use them, and you’ll experience some amazing changes in your life.
1. Plan your budget.
Think how much easier is to be in control of your finances, when you have clear vision about your incomes and expenses. Total control is the most important taks you have to do. Please, sit down and think about how much money you have for this month (you can start now!). Write down everything you buy or want to buy. Make notes about your expenses. You can use a sheet of paper on (the best idea!), personalized Balance Sheet. For me the best way is to use balance sheet, because I carry it always with me (google drive / docs). I’m trying to write every evening my daily incomes and expences. I can control my budget month – by – month this way. This leads to some good ideas. When you finish writing, check your chash flow column (incomes – expenses). Think about your score. Can you do something to increase your incomes and decrease expences?
2. Check all your expenses.
Take a look at your monthly costs Can you do something with them? Advice: maybe I’t better to buy a substitute product or don’t buy it at all? If you don’t buy this product, what will happen? Something tragic? We all doing the same error during shopping: buying food without list – we will often take more things we needed. After some time you can spend lots of money for things you don’t need.
3. Find another source of income.
Each moment someone makes a milion dollar. It always takes time, but you can do this too. To start, find new, profitable source of income. If you work 9 to 5, you can do something before / after work.. You can eather find new job or make your own. Remember – at work you make money for living. After work you make millions.
You have some skills? Be a freelancer. You can make movies for living. You can start a company in garage and expand. You can make websites / SEO / consulting etc.The possibilities are infinite. Don’t be lazy – stay active.
Always remember the rule: work smart not hard. Paraphrasing Robert Kiyosaki – if you can’t make 30 dolars more a month, you will never get out from the Rat Race.
4. Find your goal, what for you need to save money.
What is your target? It should be clear, comprehensive and precise. You need to ask yourself, how much money you need to have, and in what time you want to achieve this financial goal.
Let’s say we want to earn solid 10 k in a year. In order to achieve your goal, you’ll need to save monthly 10 000/12 = 833,33. If it’s too much lower your desired amount or take more time. This is one of the ideas. You can earn everything in one month and don’t work for the rest of the year. Can you dig it? To achieve any goal use money and time as units.
5. Always save 30% of your income.
This is a method I’ve red from R. Kiyosaki’s books. It works fine for me and will definatelly works for you. The idea is very simple. Every income you receive (no mather from who and when), you cut 30% and transfer this money to your savings account. Do this all the time and no matter what will happen. Even when you need to pay bills – you save 30% and figure out how to find more ways to make money. This way you save more money and you are more creative person.
6. Treat every penny as your soldier.
R. Kiyosaki writes, that every money you receive is like a soldier. You need to treat him well and don’l let him die (don’t lose money)..When he is ready, you take him to a battle (investment) and check every time how he’s doing.
7. Don’t pay for something you can have for free.
You have a bank account and you pay for it every month? Change it as fast as possibile – transfer your money to bank account you won’t pay for. This idea is good for everything in life – your ISP, TV, apps etc.
8. Buy useful things to decrease your monthly expenses.
Maybe it’s time to change fridge / washing machine / dishwasher for the new one – more energy efficient? You spend money once and \overall after some months / years the costs pays back and you are spending less money for bills.
9. Quit smoking / drinking. Change bad habits into good ones.
Cigarettes and alkohol are expensive. When you use them at the daily basis, you throw your money into trash. Life wihout bad habits is better (and cheaper). Instead of smoking / drinking do some sports. You will be healthier and have more energetic.
10. Learn, read, analyse.
Right now (thanx to the Internet) you can be expert at everything you imagine. Why not be an expert in personal finances? Please take at least one hour a day for economy, ecology, personal development, or law. It’s sad that average person in the world don’t t read books. Be better than average!
This is a list of 10 most important ways to save money and create income.
Please stick to this ideas all the time. You should use them daily.
Remember – when you will go towards your goal, sooner or later you will achieve it. Follow your path! Good luck and please tell me how do you do…