Prep for USMLEPrep for USMLE
         Forum      |     Resources New Posts   |   Register   |   Login





 Why save money?  



Post Reply  
  • 0/5
  • 1
  • 2
  • 3
  • 4
  • 5


Author7 Posts
  #1

AVOID UNNECESSARY EXPENSES
You’ve probably heard this a lot by now. That’s because this is the most important rule if you want to save money. It’s okay if you want to treat yourself to a fancy restaurant on your payday, but it’s not okay to keep spending lavishly every day. Unnecessary expenses also include buying things that you don’t actually need. For example, buying a new notebook, when you’ve already got several other blank notebooks at home. Or even that fashion magazine that you’ll only read once, and then dump somewhere in the house. These small expenses will pile up and take a heavy toll on your salary.

WALK OR RIDE A BIKE TO WORK
Is your work just a couple of blocks from your house? Then you should just walk or ride a bike to work. Not only is this eco-friendly, but this also saves you a lot of money on gasoline. You could also use the public transportation as an alternative, since it is a cheaper method in going to work. Especially if your salary is not that large yet, I recommend lessening your transportation allowance in order to save up a lot.

MAKE INVESTMENTS
If you have a small salary, you probably wouldn’t think of investing your money yet, and that is wrong. After receiving your salary, you should immediately separate a portion for investments. That way, you can ensure that your money will grow in the future. If you keep your money in a bank, then it will remain stagnant. The money will not decrease, but it will also not increase much.

Another great investment are on household objects that will make your everyday life easier. An example is investing to get that high quality stove that cooks your food better. Another example is saving up for those branded shoes that are sturdier and more comfortable to walk on.

PLAN YOUR WEEKLY MEALS
A large portion of our salary goes out on food. We eat at an average of three meals a day, plus the occasional snacks in between. Learning to plan and budget our weekly meals would cut off a lot in our expenses, thus being able to spend them on other thing.

No, instant noodles and dollar store food do not count. You need to save up and remain healthy at the same time. When I say, “plan your meals”, this means investing your time on preparing your own food. You can look up on the internet on some simple recipes that you could whip up before you go to work. You could also write down a list of food that you want to eat throughout the week, so you could go to the grocery to buy your ingredients. Not everyone may be a great chef, but anyone can cook.

RECYCLE
Learning to recycle your things would be a great way to cut off unnecessary expenses, which were mentioned above. Recycling also includes making DIY objects for your home, which usually cost less than buying them at the store. For example, you could recycle used paper to create decorations for your home.

Recycling your food also counts. For example, if you have some leftover roasted chicken, you can shred these and add to your pasta. Not only does it enhances the flavor, but it also saves you some money.

START A SMALL BUSINESS
Everyone has a hobby or skill, and wouldn’t it be better if you could make money off of it? If you are artistic, then use these skills to earn yourself some extra cash that you help you extend until the next payday. It doesn’t have to be a big business that requires you to focus on it full-time. It could be something simple, like selling handmade bookmarks, making small paintings, or sewing dresses for little girls’ dolls. Not only do you make money, but you also get to do what you love. It’s a win-win situation!

KEEP TRACK OF YOUR EXPENSES
Last but not the least, you should keep track of your expenses. It’s good to know where you spent your money, and you’ll learn how to save up better for the next time. There are a lot of applications in your phone that helps you keep track of where your money went, but my personal preference is having a small notebook that I carry with me all the time.

Be sure to list down everything that required you to spend money, or even when you earned some. As I said before, even the smallest expenses can do a lot of damage on your salary in the long run.




  #2

Information are from www.thepricefoundation.com


  #3

How to protect company data well? What is worth remembering? Use the company's services https://cloudferro.com/en/ - data processing in the cloud. It is a simple tool for storing and securing corporate data. Modern solutions, modern technology.


  #4

Hello, has anybody already made money from the bitcoin course? I believe it was simply a fantastic way to profit from the price differential. I used https://digitex.io/futures to store my coins in a safe place. It seems to me that the most important thing is to save money rather than making it. This is an excellent facility, in my opinion.


  #5

Yes, saving money is a good thing, but in the end, we all die, right? Is saving money worth it then? No. So, let's just for once, leave the thought of spending less and do everything that you want to do. Buy that new phone, or avail those Supply chain management proofreading services in UK, get that new dress, or invest wherever you want to. Life’s fun when you forget the future and live in the present! On other hand, this blog would be really helpful for a lot of people. Good work!


  #6

Thanks for picking out the time to discuss this, I feel great about it and love studying more on this topic. คาสิโนสด


  #7

Thanks for sharing an amazing post, It's really a nice and helpful piece of information.

dissertation help UK





Bookmark and Share





Login or Register to post messages








show Similar forum topics

Got interviews?? Save some money!
Tips to save money on a wedding
money wise tell me about the money
show Related resources









Advertise | Support | Premium | Contact