You and I knows someone without savings has no defense, because money they say is defense. It is really very awful when you don't have money at a time you need to. I have been broke when I ought not to lack because I lacked saving culture. This is more dangerous when you have no steady income.
Having savings is the only way you can escape being broke and unable to meet up with your bills when you need to, but if you wish to be free from being financially down the you just have to follow these money saving tips I am going to give out to you.
1. STAY AWAY FROM PAID TV
In fact, I decided to pack up my television at some point in time. Have you ever wondered how much you spend on your GoTv, DSTV, startimes or multichoice subscriptions? You and I know you spend so much on paid cable Television.
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Also, you get tempted to attend shows and make purchases from those adverts you see on TV. Yes, you see some kind of adverts on television telling you to attend the next AY live show and you feel you need to attend.
I advice you trim down your Television subscription or even turn it off.
2. Join shopping reward programs
According to entrepreneurshipsecret, there are several customer reward programs including hundreds of apps that help you save money when you shop for specific products from certain stores. Some of the apps will even let you earn hard cash. Some of these apps include:
Google Opinion Rewards
Here is the deal.
If you save $100 from these reward programs, you’ll save $1200 in a year. This is not an ignorable amount, right?
3. BEFORE YOU SPEND, SAVE
Ensure you have a spending plan, draw a scale of preference and ensure you keep your savings in a different savings account.
If you really want to save ask your bankers to deduct the amount you wish to save automatically when your salary comes in. With this you can't tamper with what you wish to save.
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4. THE 30 DAY RULE.
This is probably the most important saving rule. This saving rule can be of help when you are in a really bad situation. I call it the Diamond rule of personal finances.
If you want to purchase something, don't be in a hurry, wait for 30 days! yes wait for it. In the course of waiting for over 30 days you may realise you need something more important or you don't really have the need for it no more. But if after 30 days you still feel the need to buy it, then go ahead and make the purchase.
The 30 day rule is very helpful because it makes you avoid frequent visits to the market, the more you visit the mall the more you wish to purchase.
Lastly, spend time with your family over movies and home made coffee. If you ever want to vacate, vacate somewhere that is no to expensive.