Wednesday, November 20, 2019

Some smart ways to save money


  •  Read Rich Dad Poor Dad. The best lesson I learned from the book—assets are what put money into your pocket, liabilities are what take money out of your pocket. That said, your prestigious house and luxury car are not your assets.
Image result for Read Rich Dad Poor Dad. The best lesson I learned from the book—assets are what put money into your pocket, liabilities are what take money out of your pocket. That said, your prestigious house and luxury car are not your assets."
  • Budget your rent at 10–15% of your income. If it’s too low, live in a smaller place or stay with your parents.
Image result for Budget your rent at 10–15% of your income. If it’s too low, live in a smaller place or stay with your parents."
  •  Organize your living space and things, so you don’t buy things you already have.
  • When you feel like buying something immediately in first sight, walk away for 10 minutes. That 10 minutes help you to figure out whether the purchase is a need or simply an emotional urge to buy.
Image result for When you feel like buying something immediately in first sight, walk away for 10 minutes. That 10 minutes help you to figure out whether the purchase is a need or simply an emotional urge to buy."
  • Plan before you move to a new place. Do some research on the public transportation available? In most cases, you don’t need a car.
  • Learn to cook for yourself. Even better, come up with 4 lunch and 4 dinner recipes, cook the same lunch and the same dinner for a week.
Image result for Learn to cook for yourself. Even better, come up with 4 lunch and 4 dinner recipes, cook the same lunch and the same dinner for a week."
  • Stop dating materialistic people.
  • Only when you make sure your partner is okay to live frugally, live together. This helps to cut many expenses down to half such as electricity bills, internet bills, house maintenance, etc.
  • Image result for Only when you make sure your partner is okay to live frugally, live together. This helps to cut many expenses down to half such as electricity bills, internet bills, house maintenance, etc."
  • Set up an auto-transfer of part of your monthly earnings to a locked saving account. Make it a habit of saving before you spend.
  • Donate money for charity purposes which can feel an immense sense of satisfaction and happiness that is indescribable in mere words
Image result for Donate money for charity purposes which can feel an immense sense of satisfaction and happiness that is indescribable in mere words"
  • Never buy any products by seeing the only discount, buy only based on your usage.
  • Avoid Credit cards or taking loans unless you are making more profit than paying interest
Image result for Avoid Credit cards or taking loans unless you are making more profit than paying interest"

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