You might think that you’ve done all you can to save more money, but there are some pointers here that could change your mind. If you really want to start cutting back and putting more money away, whether your goal is to simply have a comfortable retirement or do save for a new car, you can use the ideas here. Read on to learn more:
Take A Close Look At Your Budget
Start by taking a close look at your budget. Is there anything that immediately jumps out at you for being a little too much? Maybe there’s a bill that you appear to be spending too much on. Maybe you’re splashing the cash on fancy cappuccinos each day. Knowing exactly where your money is going will give you the power to know where to cut back when you want to save some cash.
Call Up Your Suppliers
If you haven’t already negotiated a better deal with your bill suppliers, now is the time. You should be checking out new prices each year, and if you find a better deal, call them to negotiate. They will want to keep you, so they will likely match or better any deal that you find.
Whether you’re looking for the best motorcycle insurance or a better deal on your phone bill, this is a surefire way to get one. Some people like to take it one step further and say that they are going to leave the supplier, as this usually scares them into offering an even better deal. However, you can’t guarantee that this will work.
Pick A Coin Or A Note And Commit To Saving
If you use cash to buy things, pick a coin or a note, and then commit to saving every single coin or note that you get. Buy a piggy bank, or one of those money pots you can only smash open with a hammer. Don’t be tempted to save the coin or the note, just put it straight in and wait until your pot is full.
Use Cashback Sites
Cashback sites are great because they help you to get money back on things that you would have purchased anyway. Find a few that have good reviews and see if you can use them next time you make a purchase. It can take a while for your balance to build up, but it will, and eventually you should have a nice chunk of cash.
Really Think About Purchases
The issue most people have today is that things are so easily accessible that they just buy them without really thinking about it. You should make sure you think about purchases properly before you are tempted to buy. Whether it’s a new coat or a musical instrument, wait at least 3 weeks to think about it. A lot of the time, the urge to buy will go away and you will have saved money and that annoying feeling you get when you know you’ve bought something you’re not going to use!