This is a Guest Post:
Easy Ways to Save Money
Many people around the world are struggling financially. Sometimes it is difficult to save money, but you should make it a priority. There are several steps that can be taken to increase the amount of money in your pocket, savings account and investment accounts.
Eat out less– Eating at restaurants can be costly. Try cooking meals at home most days of the week. You can stock up on groceries, or you can pick up the ingredients for a meal the same day. Homemade meals are less expensive and more nutritious. Make sure that your diet is balanced. You should include proteins, starches, fruits and vegetables in a repast.
Homemade coffee– Americans spend an exorbitant amount of money on coffee drinks every morning. If you invest in a basic coffee brewer, then you can prepare a cup or two at home. There are even machines that prepare one perfect cup of coffee. Keep cream and sugar in your kitchen cabinet. Relax and sip your joe at home.
Organize your bills– Review your expenses, and consolidate bills. A debt consolidation loan usually has a lower interest rate. Another benefit is you only have to remit one payment to one company. Pay all other bills on time in order to avoid late fees. You should have most recurring bills deducted directly from your checking account. This method is secure and convenient. Keep track of your checking account online or by text alerts so that you can prevent overdraft fees.
Public transportation– If buses, trains and subways are available in your area, then take advantage of the services. Purchase monthly passes that are less expensive. Using public transportation saves money on gas and auto maintenance. Let the professionals do the driving. Sit back, relax and enjoy the ride.
Avoid lavish friends– Do not surround yourself with people who spend money frivolously. They may be nice people, but you should keep your distance from them. Spend time with like-minded people who enjoy life’s simple pleasures. The money you save can be used for more important things.
Use the library– A public library is a treasure trove of entertainment. Members can check out DVDs, magazines, books and even museum passes. The library has computerized card catalogs and Internet service. Everything is free as long as you return items on time. Visit on a hot summer day to cool off and catch up on reading!
Disconnect landline– If you do not have small children or elderly people at home, then disconnect your landline. It is obsolete in the age of mobile gadgets. Very few households have dial-up Internet connections in 2012. Access to a cell phone gives you enough telecommunication coverage.
You can save money by investing and depositing part of your income into a savings account. You can also find ways to economize so that you have more disposable income. Try to comparison shop and find discounts. Cook fresh foods instead of eating at fast food restaurants. Get organized so that you can keep track of spending.
Alex Greggs like to write about finance and frugality. He’s a contributing writer at creditreport.org.
Perfect. Thanks so much!