2 Oct / 2015

Ten Tips to find extra cash!

You need to put at least 10% of your income into a reliable savings program. You need to save automatically to a savings account that you can use to invest in whatever you wish in future. If you can’t see it you can’t spend it. Yes, you can’t spend money that you can’t see. You need to search and find a good savings program such as 401(k) to start putting aside some money immediately.

Pay yourself first:

You need to put at least 10% of your income into a reliable savings program. You need to save automatically to a savings account that you can use to invest in whatever you wish in future. If you can’t see it you can’t spend it. Yes, you can’t spend money that you can’t see. You need to search and find a good savings program such as 401(k) to start putting aside some money immediately.

Get out of credit card debt the soonest you can:

You need to clear your credit card debt fast because it is expensive and unnecessary drain to you hard earned cash. If you must borrow do go for an ordinary loan that cost you 6% other than a credit card debt’s 15% interest. If credit card debt is expensive why go for it? Click here to read more info about clearing of credit card debt.

Develop a simple but workable budget:

If you enjoy a regular income you need a budget to help manage your money efficiently to help meet your desired financial goals. A budget if properly developed will work to your advantage because you will avoid unnecessary money wastage. A good budget will help direct your spending habits positively ensuring a secure financial future. It is important to seek the advice of a financial advisor to help draw a proper and a meaningful budget that is easy to implement and follow. Read more https://www.newsday.co.zw/2015/09/25/parly-budget-consultations-must-be-meaningful/

Ten Tips to find extra cash!

Earn extra cash:

You do have some free time every day of the week. You could find some work to make extra money to supplement your regular income. The more money you make the more you can put into your savings program. You can use the internet to find a way of making a little money on the side.

Shop in wholesale to save money:

When you shop in bulk at wholesale dealers the cost of goods tend to be cheaper than when you buy on retail outlets. To save money you need to shop in wholesale outlets once per money for your groceries in order to save on retail prices which are always more expensive. The idea is to buy in bulk to benefit on lower pricing of goods. This is a fantastic strategy of save money.

Eat at home most of the time:

Which ever way you look at it, home meals will always be cheaper than eating outing especially if you learn how to cook using nutritious but inexpensive ingredients.

Do it yourself:

It is good to learn new things that will help cut out unnecessary expenditure especially in your house. Why not take a plumbing course at you local college to cut out the need to call a costly plumber when there is a small plumbing problem at home? Why not wash your car at home instead of spending money at the local car wash shop. Learn how to save money by doing ordinary shores for you instead of hiring.

Cut your mobile phone bills:

Instead of buying minutes why not buy a pay-as-you-go-phone? This way you will be free to only pay for the odd call as and when you need to. You don’t have to give hundreds or thousands of dollars to a phone company for minutes and texts that you don’t actually need. You need the cheaper option that gives you the freedom to make calls as you wish according to your needs.

Avoid buying designer labels:

Designer labels are expensive and a drain to your finances. You can do without them to save a lot of money if you go for workable local designs that make you proud but are cheap. A designer label bag may cost you $600 but you could easily find a decent and smart bag of the same quality at or less than $100. Why waste $500 for a label?

Sell items that are not in use:

If you don’t need it why not sell it? Sell your clutter on eBay to make some money. This way you are able to recover part of the cash investment put in these items when you acquired them. Again, you will be creating space in your home when you sell old stuff that is no longer needed.

These are the 10 small tips to save money and it’s my sincere hope that you’ve found this discussion useful my friend.

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