Friday, December 11, 2015

How to Free Yourself from the 'I'm Poor' Mentality

Financial fears prevent you from taking financial risks, accepting new opportunities and making monetary decisions. They interfere with your financial security and freedom and hold you back from achieving financial success throughout your life.

Start Saving Early - You might have to live paycheck-to-paycheck when you start your career. However, you can start saving a small amount of money every month and put it in your savings account.

Come out from the Fear of Debt - While it may seem impossible to resolve all your debts, you can grow a large savings to cover your unexpected expenses and put down more cash while borrowing.

Look for Affordable Housing Options - Go for smaller and affordable housing options so that you have enough funds to cover other expenses. Grow a savings and diversify your investment to afford a house.

Build an Emergency Fund - You can overcome your fear of losing your job by building an emergency fund. You should save 6-8 months of earnings in your emergency fund. You should also keep sufficient funds in your regular checking account.

Protect Your Identity - You should take certain preventive measures to protect your identity. You should not carry your social security card in your pocket. You can opt for debit or credit cards which have secure payment options.

Save for Retirement - You can go for company’s retirement and pension plans as soon as you enter the employment. You can save a few hundred dollars every month which will give you more value in the future.

 Know Your Investment Options - Don’t put all your money into the stock market. You should be aware of all the low and high risk investment options. You should go for an investment option with which you are most comfort.

Friday, December 4, 2015

Best Ways to Save Money from Scratch

There are thousands of people all over the world who find it tough to save cash for a rainy day.You can save money from scratch. All you need is a few simple ideas. It will not be easy, especially in the beginning, but once you see it through with patience, you will benefit from it greatly. 

Keep a record: A smart way to save cash is to keep a record of your monthly expenditure. This way, you can make sure that you do not spend more than the last month. 

Use coupons: Using coupons when you go shopping for groceries and other household items can save you a significant amount of money.

Buy necessities in bulk: Everyday essentials like toilet paper, detergents, trash bags, etc. are best bought in bulk to help you save money.

Use coupons: Using coupons when you go shopping for groceries and other household items can save you a significant amount of money.

Create homemade gifts: Greeting cards and gifts cost a lot these days. One way to save cash is to make your own gifts for any occasion. This way, you spend less and also make a personal gift that means much more than store-bought gifts.
Entertain at home: Instead of going out with friends for a movie or dinner, stay home and prepare food and entertain your friends at home. You save a lot of cash this way!

Be frugal with kids: Kids’ stuff is expensive nowadays so you should cut down on entertaining your kids outside. Spend time with your kids at home and play games, read books, etc. together.

Repair clothes: Do not throw away old clothes that can still be mended. You can always wear them when you need to do chores around the house.

Cut down on fast food: Instead of spending money on pizzas, burgers, etc. cook at home and have a healthier meal and save money at the same time.

Give up alcohol and cigarettes: Smoking and drinking alcohol is a waste of good money. You would be surprised to know just how much money you spend on these habits every month. Do a quick calculation and you will see why it is best to quit these vices.

Save energy: Simple things like turning off lights that you do not need and switching off the AC if it is not that hot can help you save a large sum of money on energy bills. Plus, you help the environment by saving energy.

Thursday, November 26, 2015

Quick Ways to Save on Your Cellphone Bill

Owning a cellphone these days is already a necessity. Most tasks at work and even at school already requires smartphones with a data plan. These allow you to take pictures, surf the web and send emails to communicate effectively and quickly with the people you need to reach.

Believe it or not, most smartphone owners are unable to use their data plan wisely. As a result, they endure paying overcharges in their cellphone bills for months or even years. Are you caught in the same problem? Read these tips that can help you break free.

Don't sign long term contracts. Long-term contracts will force you to pay your service provider a lot of money monthly. You will be surprised that you're not actually using or making the most out of the services included in your package. Consider a month to month plan which is offered at lower rates. You can even customize a month to month plan to suit your monthly data usage.

Log on to WiFi. Most data service providers charge extra for online video streaming, app download, file upload, etc. Log on to your WiFi at home if you need to such things. This will keep you from paying unwanted extra charges.

Turn off roaming in your smartphone settings. Are you leaving the country anytime soon? Before you do so, turn off roaming in your smartphone. Smartphones are just some times too smart to connect automatically to other phones in a foreign land without you knowing about it.

Tuesday, October 27, 2015

How Living in a Tiny House Can Ease Your Financial Burden

Building and living a tiny house is the craze in many places these days. I personally enjoy watching both cable and TV programs that showcase the creation of these masterpieces from scratch. Apart from always being in awe of the finish products, i have come to a realization why living in a tiny house is practical and helpful to those who are opting to save a lot of money. Here are a few of my thoughts.

Building a tiny house is cost efficient. You don't have to hire an engineer, an architect, an interior designer and a group of construction workers to build it. If you have time and skills, you can build it on your ow. This already means a lot of money saved on labor costs. You will just have to spend on the materials. As for the design, there are free floor plans available online.

You can travel in it. Some tiny houses are built in such a way that they can be easily pulled by a mini truck. If you can travel to any location in your house, you don't have to worrying about hiring and paying someone else to guard your house while you're on a vacation.  For added comfort and usability, you can even equip your tiny house rainwater collection equipment and solar panels. Consequently, you're able to save on electricity and water.

Living in it teaches you to spend your money wisely. You cannot stuff a lot of things in a tiny house. It can only hold the basic things you need for survival and a few more for your entertainment and hobbies. Living in it will train you to think twice before you buy anything with your extra money.

Monday, September 28, 2015

Quick Tips on How You Can Save as a Couple

Money woes are a common cause of divorce or disconnection among couples. It is quite hard to stay in love when the basic needs of the whole family are not met due to poor financial management. Don't fret if you feel like your marriage is about to fail because of the latter. There's still hope to saving your marriage and  your financial breakdown. Follow these tips.

Strengthen your connection by doing some money talk. Financial or money talks are done right before couples tie the knot - ideally. But most couple put these aside because they're so much in love and they perceive that love can keep them alive. If you haven't done any money talks, it's not yet too late to start today. Sit down together. Talk about your debts (if there's any) and plan how you can get rid of them together. Even though you've been married for some time now, you will still have individual styles in budgeting and saving. Talk it all out and agree on a definite financial plan.

Reassess and realign your financial goals. As you both work through the years, pay increases will happen. You might be able to get out of debt faster than you thought. Check your financial goals and reevaluate your strategies in saving. Can you afford to increase the amount of money you wish to save? Do you have enough money to cover emergency situations? Keep in mind that your finances as a couple is a work in progress. That means there will always be rooms for improvement.

Give financial autonomy a try. To some couples, keeping their money all in a joint account doesn't work. If you experience the same, don't force yourselves to it. Keep an individual savings account and see if you can agree to have a joint bank out where you must deposit a part of your individual income.

Saturday, August 29, 2015

Manage Your Taxes with These Tips

Do you want to properly manage your personal finances? If yes, start with managing your taxes. Whether you just have a nine-to-five job or a business to run, it is a must that you learn this.

There are other classifications of taxes besides the one that delves about your income. They are local, state or federal. All four of them are extracted from wages, investments, inheritance and estate, gifts and entitlements. Study the receipts that you have at hand and identify your deductibles. If you are having a hard time labeling each of them, go online and see related websites that hold helpful information.

File everything systematically - Competent tax planning strategies rely on systematic records. And so, it is important to file all needed documents in a way that is not confusing. Arrange your deduction notices according to dates you have received them. This could be from oldest to latest or vice versa. Moreover, keep them in separate folder with respective labels like, income, real estate, health and donations among others.

Prepare your math skills - You need to compute everything correctly before you could file your taxes. Instantly search for the formulas that you need online. In fact, there are many websites that hold helpful examples on how to do proper tax computations and interpretations. Again, if you can’t figure these on your own, let a consultant help you.

File your taxes personally - This is not only for economic reasons but also for the advantage of having control over everything. You get to know where your money exactly goes to and comes from. However, it is one of the tax planning tips that is difficult to accomplish. In here, you might need a reliable software that can walk you through the whole process. You might get confused at first, but with enough practice you will be an expert on it.

Keep documents - If you are to make a computation for a specific financial year, make sure that you have documented all receipts and purchases that you made with in that year. Have them in one file with different categories. Include your anticipated income for that year as well. Observing this will make computation of tax returns easier for you.

Make revisions and record them - Whether or not it is your first time to do these, make it a practice to review all the papers you did. Correct the mistakes right away before going ahead to submit your file to avoid resubmissions. After receiving your money, record it as income gained for that year. Then. start recording all the information you’ll need for the coming financial year.

Saturday, August 22, 2015

How to Have a Stable Future with Pension Money

Financial stability is a common challenge to most retirees specifically when they have failed to do pension planning in the early years. The costs of living and health care will continue to inflate year after year and so you must take the measures to be ready for your old age today. Following are tips that can help you with the preparation process.

Know your funds - Do you know where your future funds would come from? Fund sources usually come in the form of contributions that you make while you are employed in a company. Identify your contributions and see if they meet your fund expectations. Keep in mind, the amount you will be able to save today will determine the allowance that you will receive come your retirement.

Those who have been bouncing from one job to another may find it difficult to know their fund sources. Herewith, tracking old contributions would help. Any amount that you have previously saved can increase the amount that you are building up at present. Also, check out for any entitlement you might have for a state pension.

Have an assets and income assessment - Other sources of future income are investments, savings and equity releases. Investments may be generated from businesses while savings is a part of income that is put aside for future use. If you own properties, take advantage of equity releases which could be great additions to your fund. You can also engage in a part-time job and safekeep all your earnings in the bank.

And to aid you with the creation of an objective retirement plan, here are the four factors that must be taken with utmost consideration.

Time - Financial stability is definitely not achieved overnight. It takes years of preparation. Have a definite starting date or year when it comes to investing for your old age. As they say, ‘the earlier, the better.’

Commitment - Say, you already have in mind your yearly plans and your target amount. What you would need next is strong commitment to ensure that all these are properly observed by you. This could be the second greatest challenge you might have; next to having sources of income.

Adjustments - These adjustments must be based on the yearly inflation rate. Prices of commodities today would definitely not remain the same in the coming years.

Keep records - Keep a file of your expenses, income and investments. This is a good practice in avoiding waste of money.

Saturday, August 15, 2015

How to Secure the Future of Your Child with Special Needs

If  you have a child who is differently abled, you will agree that leaving your child with no financial support in the future is very daunting.  Believe it or not, you can prevent this from happening by securing a special needs fund for your child as early as now.

Because a child with special needs may be disqualified for public benefits, the aim of this type of trust fund is to give a convenient lifestyle to them without limiting their access to all available benefits. Generally, the creation of this fund is structured to supplement any assistance the government may provide concerned children in terms of clothing, food and shelter.

The four important components of this trust fund are the asset, the beneficiary, the trustee and the purpose. The asset is the special needs resources that will be placed in a trust. The beneficiary is the concerned child while the trustee is someone who will be in charge of the disbursement of the funds. Meanwhile, the purpose serves as the guideline on how the funds must be distributed.

Gather information - In order to prepare the trust, you need to present your lawyer all pertinent information about your child. Define your child's limitations and distinct needs. Define too his likes, dislikes, habits and capabilities. Documents which provide medical diagnosis, social security number, funding sources and trustee information must all be forwarded to your lawyer.

Select a trustworthy trustee - Talk to a relative whom you think can take charge of the disbursement of the funds that you have prepared. Successor trustees must also be selected to ensure that your child is getting the resources due him. Advocates are additional people whom you can talk with the regarding the disbursements that will maintain the same quality of life the beneficiary is used to. Advocates and trustees are expected to follow the detailed directions of the trust fund's purpose.

Work with a specialist - Although you must gather as much information that you need, never try doing this one your own. Ultimately, the regulations behind special needs trusts are complex. They change frequently as well. Moreover, expert lawyers in this field can give you an overview of better options which might have overlooked while planning your child's future. For one, he can tell you what to do in legal terms should your disabled child passes away and there is still remaining money in his funds.

Saturday, August 8, 2015

Overseas Retirement - Preparation Tips You Must Know

Nothing beats the pull of overseas retirement for some people. This happens whenever they think of peacefully spending the rest of their old age after years of hard work. The good news is this dream can be realized as long as you take the necessary steps one at a time.

Decide on where to retire – Would you be staying in the rural or urban area? This is key in overseas retirement. As much as possible, do not limit your knowledge about the country of your choice to online researches. Take weeks of vacation over there. Observe how daily activities of living transpire in that side of the world.

Research about your future taxes – This overview is in consideration of your future sources of income when you retire. Would be relying solely on your pension release trust and your social security funds? Are there other funds you are counting on? Expect that your future tax responsibilities in that locality will be dependent on your source of income. Never go through the process without consulting legal assistance.

Decide how long you live offshore – This is more than just a personal concern to ask yourself. Your answer to this will determine the procedures you need accomplished to acquire a foreign residency visa. Probe about the laws of the country of your choice regarding this matter. Take note that there are countries with strict rules on this.

Research about your medical care options – Have you purchased local insurance policies for your health? Think hard whether you will purchase a new health insurance policy in your offshore residence. Most of the time, retirees choose to grow old in a country where hospitalization costs are relatively low. You can do the same if you do not want to buy another health insurance.

Calculate your future needs – Overseas retirement may come with more expenses than what you expect. Before selling your current assets, make a rough computation whether the entire amount would be sufficient. It would help if you know exactly how much your monthly budget should be. Include also the emergency money you must have at hand.

Saturday, August 1, 2015

Why Invest in a Mutual Fund

Having a secured old age, a convenient lifestyle and limitless opportunities to travel are just a few of the things you can enjoy during retirement. Needless to say, this requires an early preparation on your part. How? You can prepare by investing on a mutual fund today.

The first stages of creating mutual funds will not give you all the rewards it promises right away. Mutual funds do so  in due time especially when the economy is doing well. Profits will richly flow and the initial amount spent for the purchase of the stocks will be returned hundred fold.

What is so good about mutual funds is that even investors with small money to spend can invest right away. This can lead to periodic investments as long as the purchase of small amounts is continued on a monthly or regular basis. You need not wait to have a great sum of money before they could invest on the stocks of their dreams. Also, you can immediately sell their mutual funds even without much difference on the sale price and the present value.

When it comes to the management of investments, an investor can hire a professional manager who will do all the research for him. This specialist will also be responsible for carrying out the techniques needed for a profitable investment. If you are inexperienced in the buying and selling of securities, you can take advantage of this as you spend your time and resources taking care of your personal business.

Observance of the correct processes is key to enjoying the benefits of mutual funds. However, there are inexorable factors like market fluctuations which will keep you from reaping profits no matter how you try. At times, even your best will just give you returns that are way below. Perhaps, you have already gained ample profits. Do not forget that they entail annual responsibilities which must be paid. You can just withdraw your investment prematurely as it will cost you penalties.

Saturday, July 25, 2015

Five Things You Need to Do Before Borrowing Money

You can't just borrow money blindly. Ignorance and lack of planning can be very expensive when it comes to your finances. If you're considering to get a loan, read these insights first.

Define your reason for borrowing money - Are you borrowing money just to satisfy an immediate desire or to support a budget shortfall? Borrowing money to solve any of the two won't be beneficial for you. You will end up with unnecessary interests and into a cycle of debt respectively.

Define your capability to payback -  Can you  make periodic payments later? Even though you're going to use your loan for business purposes or to make more money, you must make sure that you will be able to pay or else you will have an outstanding debt.

Be aware of all the costs of borrowing money - How is your loan going to be calculated? What about the interest rate? If you don't know the answers to these questions, you will be surprised that you could be paying more than you expected.

Study the loan terms in your contract - Don't sign your contract until all of its contents are clear to you. Your finances will be jeopardized if you do so. If you don't understand the words used in the contract, consult a lawyer or a professional who can help you out. Don't be embarrassed to make changes if you think the contract doesn't include the things you have agreed about. Keep a copy of the loan contract for your protection.

Check other options besides borrowing money - Borrowing money will definitely mean a debt which you must payback.  For example, consider getting a second or third job to extra and save money for the small business that you're looking forward to build. It might take you a couple of years or more to save but you will spared from a debt with interest.

Saturday, July 18, 2015

Learn Which Debts You Should Pay First

Do you have several debts or loans to pay? Are you wondering which ones to pay first? This can be very challenging especially when a couple or more credit card companies are hunting you down every month. Most people go paying just the minimum on their debts. This may seem like a good opportunity for you to save money but the truth is this will just extend your debt much longer.

Some finance experts recommend paying off the smallest debt first. This is like just paying off debts within your means. As mentioned above, this won't create much savings for you because it has a snowball effect in the long run. For all you know, a small debt can have an extraordinarily high interest. If your goal is just to get one loan erased from your debts spreadsheet, this will be a good strategy then.

If you want to save the most money possible, it is best to pay your credit card loans with the highest amount you can afford. Your loan balance will be smaller this way and so the interest will be much lower too.  Regardless of what experts might advice, it is important to stick with the plan that you can consistently observe until all your debts are erased.

Saturday, July 11, 2015

Four Steps to Reducing Your Debt

What are the things that you want to achieve with your money? Identify at least two objectives with regard to this and you will be able to find ways to reduce your debts and improve your financial conditions. If you need strategic ways to be debt-free this year, read the following insights.

Highlight the reason behind your debt - Why are you borrowing money?  If you're borrowing money to pa'y bills or purchase your basic needs, you will have a hard time getting out of the cycle borrowing money and paying it back.  Borrowed money can fill in the gap temporarily but it can worsen your debt.

List down all your debts - Take note of all the money you owe other people or lending companies. Total all your debts. Create a spreadsheet so you can clearly see the monthly payments required, the loan interest rates, and the time remaining for payback. In another spreadsheet, create a debt reduction plan that will suit your financial capabilities.

Push yourself to your limits just to pay your debts - Nobody else will pay them and clear your name but yourself. Do something drastic that can earn extra dollars for you in order to payback your debts in time. Make sure not to take another loan just to cover your previous loans. Engage in extreme sacrifices like selling some of your priced possessions - car, computer, mobile gadgets, appliances or pieces of jewelry - so that you can come up with extra money.

Quit depending on debt - Change your attitude towards borrowing money. Never think of borrowing money whenever a certain need arises. Learn how to attend to or supply for that need within your means. Evaluate which methods will work best with your limited budget.

Saturday, July 4, 2015

Five Reasons Why You Should Try Community Banks

Are you having second thoughts about putting your money in a local bank? Yes? Read this post and you might be enlightened with the many benefits of investing in community banks over national banks.

You can experience the same services at lower costs - It is a fact that small financial institutions offer better interest rates as far as savings is concerned. You don't have to worry about spending a lot of money for debit card, credit card and online bills payment charges.

Your deposits will stay in your locality - Bigger banks lend the money deposited to them to other states. On the other hand, a community bank only lends its money to its local neighborhood.

You can be qualified for a loan through your personal credentials - Large banks usually carry out impersonal rules and regulations when it comes to their loan processes or systems. Conversely, community banks are open to taking into account your family history and personal character or credibility when deciding to lend you money. Individual circumstances actually matter to local banks. This explains why they spend time to consider them.

Your loan request can be approved in less time - Apart from considering your personal qualifications, community banks aim to work in your favor. They are able to decide on loan requests immediately because executives and employees are located locally. Loan approval committees in bigger banks lengthen your waiting time.

Your condition is understood by community banks - A community bank is a small business that understands fully the circumstances of a small business. Big banks operate in the same way big corporations operate. They will shut down branches when money gets tight.

Saturday, June 27, 2015

How to Teach Your Kids to Handle Money Effectively

Do you have kids who spend  money like crazy? It is not yet too late to teach them how to manage their money effectively regardless of their age. As a parent, you just have to be determined to teach them financial skills from which they can benefit for the rest of their adult lives. So, how do you start with this? Here are some ideas.

Introduce piggy banks - Instead of buying the toy they want from your spare money, encourage them child to save up in a piggy bank. Use the toy as their goal for saving up. This will teach them a lot of skills and virtues as well like delayed gratification, patience, self-control, frugality, planning and budgeting.

Teach your kids the value of earning their own money - When they get older, kids cannot spend their whole lives depending on you for their needs and financial problems. Is there a chore that they are capable of doing after school hours or during weekends? Encourage them to accomplish those chores regularly in exchange for a few dollars. You can also recommend them to your friends, co-workers or churchmates who might need babysitters or helpers for the day. They can gain confidence about earning money on their own through this.

Open a savings account for your kids - Open an account for each of your kids with the least amount needed. Teach them that their bank accounts are for saving money for future expenses. With the money that they're able to save, they can buy their first car or pay for their college tuition. Instruct them to deposit a part of their earnings in their bank accounts, but it will be better if you model it in front of them too.

Talk about money with them - Well, you don't have to let your kids know everything about your money or personal earnings and savings. Just give them an overview about your family's monthly expenses and budget. This will open their eyes to the reality that they can't buy just anything that they want and to prioritize the things they need to spend on.

Saturday, June 20, 2015

Six Steps to Managing Your Low Income

Dealing with a low income is challenging but doable. There are a series of practices which you will need to observe with regards to this. These practices will require you to make huge adjustments that can change your lifestyle and spending habits.

Plan ahead for bills - No matter how big or little our income is, we'll definitely need to pay bills monthly. Save for the payment of your bills as soon you receive your paycheck. Paying your bills promptly will keep you from paying penalty fees which are added expense.

Budget your income - A budget will show your exact earnings and your expenses. A budget will show you if you're spending more than what you earn. Hence, it will be easier for you to check if you're about to be in debt. Create a monthly budget and stick with it.

Prioritize your necessities - Label your basic needs in life. You will definitely need food in order to survive and be able to work daily. So, place it on top of your list. If you're taking medications, you can place it next to food. If not, list down shelter next. Don't forget your utility bills and  your transportation allowance for going to work

Be organized - Try a budget planner in order to manage your finances effectively. If you get your budget intact and organized, stick to it. Never put your dollar on trivial things.

Stay away from unnecessary spending - Avoid shopping randomly or impulsive buying. Spend only on the things that are important to you. Oftentimes, unnecessary spending springs from boredom. Make yourself productive and you will forget about spending your money.

Unnecessary spending springs from boredom...Make yourself productive.

Invest on value - When at the mall, look around for some value in your shopping.Shop for the best price. Wait for  a sale if you need to purchase a major item that will cost you much money. This is quite time consuming and stressful but this will allow you to save money.

Friday, March 13, 2015

Effective Ways to Save Money on a Tight Budget

Payday is a couple of weeks away and there are only a few dollars in your bank account. Yet, you still need to save money. Saving money is more than just putting away a few dollars for a rainy day. It involves a change in lifestyle and spending habits that leads to a higher level of saving.

Don't feel entitled to all the merchandise available in stores. Do you need multiple cell phones, televisions and other gadgets? Will these make you feel better about your financial situation? They might make you feel rich at the moment but they can leave a scar to your financial status.

Learn extreme couponing and save thousands. Extreme couponing is very famous for good reason. Men and women across the United States are saving thousands of dollars on everyday items like paper towels, toilet paper, dish detergent and laundry detergent. These are the everyday things that may seem small but adds up to your monthly expenses.

Doing potlucks at church and family gatherings helps save food budget. Do other people usually gather at your house for fun, relaxation or sharing? Your wallet need not carry the burden of the food shopping. Do potlucks and you will save on food costs.

Drive only when necessary. Gas prices are soaring. If you want to save on gas, consider buying a quality bike and take it to the road. Some families choose to spend the entire summer within a few miles of their home just to spend less on gas.

Friday, February 13, 2015

Six Easy Steps to Save Energy at Home

Do you want to trim down your electricity bills at home? There are several alternate ways to save energy at home. In this post, I listed a few of the alternative ways in the past months. Read on if you want to try them.

1) Cleaning or replacing the filters of air-conditioner units at least once a month. This minimizes electricity consumption because the unit can produce a free flow of cold air to the room inhibiting any extra force input from the appliance hence requiring lesser energy. Less energy input means lesser electricity consumption.

2) Lowering the thermostat on your water heater to 120 is also helpful. More so, the heaters must be shut off whenever you will be away for quite some time. It does not only conserve energy, it keeps your house safe from short circuits while you are away.

3) Turning off the lights when nobody is using. Use only lights when necessary. Refrigerators may be set at a temperature of 36 to 38 degrees and the freezer at 0 to 5. These are simple or should I say minimal but when summed up may equal to a relative amount of savings on your part.

4) Minimize opening oven door when in use. Every time it is opened the temperature drops to 25 to 30 and will increase consumption every time it closes to get back the correct temperature required hence, consuming more electricity.

5) Unplug all unused appliances. The most commonly neglected appliances are televisions, computers, sound systems and gadget chargers. They're usually forgotten because they're just small items. People think they will not contribute much to your bills.

6) Consider using a power saving device. This unit reduces the amount of power drawn from the utility and stores it to the unit and then supplies it back to the appliances decreasing demand from the utility. This means that when the utility has lesser demands it also require less usage and lower electricity bills.

Wednesday, January 14, 2015

Small Ways to Save Money This 2015

Everyone is looking for ways to save money. Some need to save a lot while some just need to save a little for an immediate need. Whether you need to save for your kids' future or for a purchasing goal in mind, here's a list of simple practices to try.

1. Don't snob the leftovers. Whether you have leftover food from eating out or leftovers from cooking at home, don't throw them away or feed them to your pets. Eat them the next day. It will prevent you from wasting food because you won't need to buy more groceries. It will also help clean out the fridge so mold doesn't grow.

2. Drink less soda and lattes. They can be very useful when you need to keep yourself awake and finish a lot of work. However, they're not good for your health. Drink water. It's healthy and free.

3. Buy off season clothes. Stores mark their off season clothes at deep discounts. Mentally it can be hard to buy a winter coat when it's 80 degrees out, but financially this is a smart idea. If they don't have your size of some things, buy bigger. For items like pants that can be easily hemmed, you'll save money in the long run and have a great pair of pants for pennies on the dollar (including tailoring work) when it gets cooler again.