If you struggle to save money and frequently find yourself spending the vast majority of your paycheck, simply continue reading to discover how to save a greater percentage of your income.
How to save money:
1. Use price comparison sites on a regular basis in order to find the items you desire at a competitive price
In order to ensure that you purchase items at a competitive price point, take the time to visit trusted price comparison sites, in order to find the physical store or online store which offers the best price on an item that you’re shopping around for. As the price, each store places on the same exact item can vary greatly, so it’s well worth shopping around for the best possible deal.
2. When it comes to shopping online, place your orders with friends and family members
If you enjoy shopping online but hate having to pay expensive shipping and handling associated costs, it’s well worth placing orders with friends and family members, so that you’ll be able to share shipping and handling costs. Better yet, in some cases, you may even be able to qualify for free shipping by placing all of your items in a single order.
So if you enjoy the convenience of shopping online, it’s well worth talking to your loved ones, to find out whether anyone is interested in placing an order at the same online store.
3. Pre-plan your meals in advance in order to save money
If you frequently purchase takeaway meals because you can’t be bothered cooking or have no ideas about what to cook, it’s well worth pre-planning your meals in advance. As you’ll be able to save money each week, by cutting down on the number of occasions that you purchase takeaway meals.
As an added bonus, you’ll also be able to save money by placing meals on your weekly menu which are cheap to prepare and which boast a low cost per serving. If you’re stuck for ideas, it’s well worth searching Google for inexpensive recipes, which your household will love.
4. Leave your credit card at home
While you may want to carry around a debit card in order to purchase goods with your own money, you should never carry around your credit card, as you’ll be highly tempted to purchase items which you don’t have the money to pay for. Or which you haven’t budgeted for.
5. Make sure to create a realistic budget to follow
One easy way to take control of your finances is to create a realistic budget which you’ll be able to follow, in order to ensure that you save a reasonable portion of your paycheck. As it’s definitely crucial to save money for a rainy day as well as for your retirement.
6. Make sure that your bank accounts offer high-interest rates
In order to increase the amount of interest which your bank accounts accumulate, it’s well worth comparing your current bank’s interest rates with the interest rates of their main competitors’ interest rates!
So if you’d like to be able to save a greater percentage of your income, make sure to try out all six money saving tips listed above! You can also click here, to learn about trading in the stock market.