We all have a monthly budget around which we plan all our finances. And at the end of every month, we always end up analyzing how we lost all that money. I am no exception to this list and as a normal human being, I too started analyzing how much extra I was spending and where I could save some money. You just won't believe my findings. I was shocked to realize how much I was wasting on really silly things that could be well avoided. So here are some things that you could do differently to keep your bank balance happy!
1. Water bottles
Is it so difficult to carry a bottle of water in your handbag/backpack? Each time you purchase a bottle of water from the store, you end up spending 20/- Just imagine if you did this 5 times a week.
2. Fancy coffee
Do you really need a super tall glass of coffee loaded with chocolate and cream and cookies and what not? All you really need is a hot cup of filter coffee that will wake you up and keep you active throughout the day. Glamorous coffees cost a bomb and yes, along with all those ingredients, it is also loaded with high calories.
3. Carry bags
How many of us have a collection of shopping bags stacked in our houses that are worthy enough to be displayed at a museum? Most of them are bags from supermarkets where we do our monthly shopping. Each bag costs nothing less than 7/- It is wiser for you to take some bags along with you when you decide to go shopping. This way, you would not only save some money but also help the environment by not collecting more plastic at home.
4. Share your cab
Why pay the whole amount when you can share it with a travel companion. You not just save money, but also get a travel buddy to chat with if he/she is interesting. If not, then you still save money.
5. Carpool
If you drive your own machine to work, you could look for options to share fuel cost with other co-workers who could travel with you in your car.
6. Public transport
If your house/office is connected through public transport, then why not use it? It's cheaper and faster most of the times.
7. Imprudent shopping
If you're a shopaholic, then you need some rehabilitation for sure. Don't shop unnecessarily. Only buy what you need. You could really forgo a Gucci purse and take a lesser priced variant that would still serve your purpose of carrying cash and cards.
8. Save electricity
Do you switch off lights and fans when you walk out of any room? Ensure that you do, because these simple practices could save a lot in future.
9. Credit Card payment
Did you know that by not paying your credit card bill entirely, you are losing credit points along with an increased interest rate that gets levied on you? You could easily avoid that by paying the whole amount before the prescribed due date.
10. ATM cash withdrawal
Each time you withdraw money at the ATM with your debit card, you incur an additional fee. Plan your finances well in advance and make minimum trips to the ATM.
11. Bill payments
Make sure that you pay your telephone, electricity and other bills on time to not incur an additional delayed payment charge.
12. TV channels
You all must be paying a huge sum on internet connection that offers great speed and connectivity by now. Why not connect your smart TV on WIFI and watch your favorite shows on Hotstar or any other similar app, rather than paying extra money on every channel?
Well, there's my list. I practiced most of these points and found a major difference in my savings. Go ahead and try them yourself to know how well it could work for you!
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