I try every now and then to save or “manage” money; so I thought I’d better share this with you. Believe it or not, not everyone can actually save money and not everyone knows how to manage their money. I will give you some of my personal tips on how to save, this will be interesting! J
Put quality in mind: Go for quality as quality lasts longer than quantity.
Make a budget: Try and make budgets whenever you are going shopping and try and stick to it, this way you will be in charge of your spending.
Shop around: Check for the best prices of products by “window” shopping around before making a purchase.
Cook at home: Home cooking saves your money, cook in bulk and store in individual containers (glass and plastics).
Separate “needs” from “wants” – If you intend saving some money, it will be ideal to separate your needs from your wants. If you really want some stuff that bad, you can as well wait till when they go on sale. J
Pay off debts: Try and pay your bills as at when due.
Invest into your future: Debt is not so bad, when investing in the future.
Plan for unforeseen circumstances: Put some money aside for emergencies.
Set personal goals: Set goals when it comes to saving and paying off debts.
Educate yourself: Learn some basics of financial management, learn how to save and invest.
Know and understand your level of debt: Know how much you owe.
Income source: Above all, have a source of income; you can’t save when there is no money to be saved.
Review your progress: Set a timeline to see how you are doing.
What are some ways that you save money?
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