,No matter how much you earn and what your monthly income is, making ends meet is a problem in almost every household.
Do you find yourself broke before the month ends? Do you have anything in the name of savings to help yourself when an urgent crisis falls on you?
Managing personal finances is no doubt a skill we all need to master. These little tips can actually save you a lot of money in the long run.
1. The grocery shops near your home are mostly high priced. Go to a market and buy your groceries in bulk
It may cost you some fuel to get to the market but if you buy all your week’s groceries, the money saved will be worth it.
2. If you are buying clothing, go to factory outlets instead of retail outlets.
Factory outlets have factory rates and are much cheaper than retail shops.
3. Declutter your life and start selling the unwanted stuff you have been collecting for so long
There are many Facebook pages where people swap, buy and sell used items. Selling useless junk and old clothes will not only help you save money but will declutter your home as well.
4. Buy stuff from end of the season sales and use next year
End of season sales offer discount of up to 70%. You can basically get a sweater priced at Rs. 4000 at a discounted price of Rs. 1500.
5. If you are going to buy vegetables, try to buy in the evening when the seller is trying to sell off all his produce and get new one for the next day
You can get amazing discounts in the evening.
6. Buy tomatoes in large quantities when they are cheaper. Puree them and freeze for later use.
You will find this tip extremely useful when the prices skyrocket.
7. Cut down on your grocery budget by making your own homemade detergent for washing clothes.
It’s extremely simple to make it.
8. When you need a haircut, go to some beauty training salon and get a cut from a hairstylist-in-training.
You will get amazing discounts or maybe even a free haircut.
9. Increase the temperature on your AC during the summer; it will substantially cut down electricity bill.
This is good for the economy as well.
10. Recycle old items and make new stuff.
Remember how the mice in Cinderella made a dazzling dress with just rags?
11. Avoid instant gratification from shopping. Whenever you are tempted to buy something, delay it for 30 days.
You might change your mind during the 30 day wait or find some cheaper or better alternative and save a lot of money
12. Take your kids to a Park instead of the Mall
You will not only save money but make them more active and healthy as well.
13. Get in the habit of eating vegetables. Not only are they healthier but veggies are much cheaper than meat.
Leftover meat can be used to make potato cutlets, gravy can be used to make pulao and Chicken Tandoori can be used to make BBQ sandwiches.
These little things can go a long way. A little bit jugaar, a little bit bargaining and you will be saving a lot.
