Ways to save money

money - Saving money is fun
Philippines
August 19, 2012 9:06pm CST
It's fun Buying up-to date electronic gadgets, fashionable clothes,accessories,shoes and many more. Whether we have been affected by the decline in the world's economy or not, we can benefit from considering ways we can save as well as ways you can spend wisely. Wisdom is for a protection the same as money is. But money can't protect us if we have not saved any. So How can we save money?. First, before buying an expensive item, consider whether it's really necessary. Second, if you need something search for new items that are on sale or for good used items..:) Third, don't be impulsive, sleep on the matter. If you still feel that the item is vital,you may consider looking for something similar is a discount or second hand shop. Fourth, consider that it usually costs less to buy ingredients and cook meals than it does to eat out. If you have school-age children, why not teach them to prepare sandwiches instead of giving them money to buy more expensive food? To be a happy saver, we must know how to manage your money...:)
1 person likes this
19 responses
@DoctorDidi (7018)
• India
28 Aug 12
The only way to save money is to cut down your expenses so that your expenditure is always lower than your earning. There is no other way known to me.
• India
31 Aug 12
Yes, I repeat again; it the only way to save some money.
• Philippines
30 Aug 12
Hello DoctorDidi Glad to hear from you.. I totally agree with that. I tried to manage my expenses so at the end of the month I still have some coins and bills in my pocket.:). Thanks for your advice.. Have a great day
• Philippines
20 Aug 12
yes i agree with you, very well said, we need to save money for our future and for emergency cases. we need to think consider first before buying something, we need to buy according to our needs,and also in order to save money,we need to find extra income aside from our salary.
• Philippines
21 Aug 12
Thanks for dropping by. Yes that's true, finding extra money is a big help. Have a great day and enjoy saving..^_^
• China
20 Aug 12
Yes, I agree with you. In China we say kai yuan jie liu(????) it means increase income and reduce expenditure.
@cher913 (25782)
• Canada
26 Sep 12
good for you for knowing where and how to save money! buying the latest and greatest of anything may be fun but not if you are using a credit card. i would cut them up except one which you would need to book hotels, etc. also, see what free services your city offers. for us, it is the library where we can borrow books, movies, games, music, etc all for free!
• Philippines
31 Oct 12
Hello cher913 For now, I don't have credit card.:) By the way you absolutely have a good idea, we can check for free services or good offers to save money. Thank you for this idea. Have a great day ^_^
@williamjisir (22819)
• China
31 Oct 12
It is a very good discussion and I have learned so much from it. One of my ways to save money is to do online shopping for some cheap things. You can always find something cheap online and you can easily compare those things that you plan to buy. Thanks very much for the discussion.
• Philippines
31 Oct 12
Thank you for sharing your own ways to save money. A lot of people go for online shopping these days because it saves time and money. I will keep this in mind. Thanks for sharing.. have a great day
@mermaidivy (15395)
• United States
20 Aug 12
Since I have become a home maker, I realized it is a lot of expenses every month. I like to cut coupons, I collect them from the newspaper, on the internet; I find samples here and there. I don't have the air conditioner stays on all day, I shut off the light when it is not needed etc and that way it is good for the environment also. Besides, I keep an eye on the sales, I go food shopping and household shopping where it has the best price for dollars each week.
• Philippines
30 Aug 12
Hello Oh,,you are indeed a wise buyer..:) Keeping an eye on the sales can helps us to save money. Yes shutting off the light when not in used is a way to minimize the electric bill for the month. That's helpful..^_^
@roshigo58 (4859)
• Pune, India
30 Aug 12
Hi, We should save money for future. We can save money by reducing expenses in small things. You are rightly mentioned the ways of reducing expenditure and managing the money. We unnecessarily spend our money on expensive food, going to movies, buying costly clothes. Going to shops which are offering discounts is a good option for saving.
• Philippines
30 Aug 12
Hello friend, Thanks for dropping buy. Before, I spend my money to any expensive food,and buying costly accessories and dress but now I've come to realize that I'm spending my money in an unwise way.. Thanks and have a great day..
@suspenseful (40193)
• Canada
20 Aug 12
I think it is that you buy something because it is useful and do not listen to those who think you are buying it because it is the latest thing. My take is if you want something to do a specific thing or things, you wait until that has been invented and then you buy it. First however, you save up for that. For instance, if you want something that you can carry around with you, get information, and also can do writing on it without plugging in a keyboard, and it was several years ago, you do not get something that can carry with you, but only shows pictures, you did not buy the first iPad, but wait until the one we have now. I also think that when buying something on sale, often at the end of the year, they put things on sale, for instance, electronic items, but it is something that is going out of stock. So the best thing to do is toe buy when the item is introduced. You get it cheaper. Of course, you have to research it first.
• Philippines
29 Aug 12
Thank you for sharing your tips on saving money..:).. Yes I totally I agree with you that we need to think the things are essential not just for fashion. Getting the right information for the things before buying is an important thing to do.
@myfb2009 (8296)
• Malaysia
20 Aug 12
Litville, thanks for sharing some useful ways to save some money. That's what i am doing right now, since things are getting very expensive. I am trying my best to save as much money as possible for emergency purposes. Nowadays, money are hard to find, so better think twice before spending the money.
• Philippines
30 Aug 12
hello You have a good attitude in saving your money. That's good. Me too, I'm starting to save money for the future and of course for emergency purposes. Keep it up and enjoy saving your money..^_^
@arielfu (58)
• China
20 Aug 12
I tried to make the bookkeeping everyday, even if i bought a bottle of water, i wrote it down in my cellphone. One month later, i indeed knew clearly of each cost.But the action was no effect on me. Finally, i opend a savings account in bank, kept my idle money of six-month or one year maturities. It saves money!
• Philippines
29 Aug 12
Hello I think saving money in the bank is a wise decision.:).. Like, you I tried to open a bank account and I found out that it's a great help to save money..:) Thanks and enjoy saving your money
@katrinapaz (2436)
• Philippines
20 Aug 12
i like to save money too. like one of the mylotters here, I think twice thrice and almost up to ten times if i want to buy something. I think for the things that I want and I dont sacrifice to buy the things that I need. money is difficult to earn because we dont have salary increase so I have to spend it wisely
• Philippines
29 Aug 12
Yeah,,true. Our economic situation is down so we need to use our money wisely.. Thanks for sharing and have a great day..:)
@chum24 (569)
• Philippines
20 Aug 12
hi.. saving money is difficult for me before. but now i know how to save money i just only buy my needs and forget my wants. i saved my money in the bank i have credit card and debit card.
• Philippines
21 Aug 12
I started to save my money in the bank now. I also try to save my coins in my piggy bank..^_^.. Yeah I agree it's really difficult to save money especially girls want to buy new trend clothes but if we try to disciplined our self then there is no doubt we can save money. Thank you chum.. Have a great day..^_^
• India
20 Aug 12
We all are working hard for money, some times our earnings are not enough for us and we work hard to earn more. We have the ability to live a happy life with our earnings, if we organize our spending in a good way. We must be wise and spend our money for the needy things to live a happy life. We must think twice before buying a product, there is nothing wrong in buying necessary items, but some persons will buy some modern items to show their status, we must surely avoid this kind of unwanted expenses. If we need a modern equipment and we don't have enough money to buy it, we can go for second hand items, it is for better than getting loan or borrowing money from other person to buy the new thing. There is nothing wrong in buying second hand items and we can find a lot of good things with it. We must avoid unwanted expenses. Lot of deals and discounts are available during festivals and important time, we can buy our product in such times to save our money. We must avoid unwanted dinning outs and prepare food by our own to enjoy our self cooking activities. There is nothing wrong in dinning out once in a while, but some people are interested in frequent dinning out and spending a lot of money in fast food center we must surely avoid this habit to keep our health in a good manner. Preparing budget and spending within the budget will help a lot in savings. Be wise and spend your money in a good way, don't spoil your health to increase your earning, if you organize your spending, you will save a good amount every month without more strain.
• Philippines
22 Aug 12
The above mentioned tips are indeed true. In my case I try to spend my money wisely because I wanna enjoy my earnings. I have to think twice the things that should be buy so that at the end of the month I can still save money. Saving money is rewarding.. Thank you and have a great day..^_^
• India
20 Aug 12
putting money in recurring deposit and fixed deposit is the good way of saving money. The money is also safe.
• Philippines
30 Aug 12
Oh,,Yeah,,thanks for sharing your wonderful thoughts. I tried my best to deposit money in the bank every pay day.. Thanks for sharing..^_^
• China
20 Aug 12
I like to buy some electronic gadgets very much, but as you say,for save money,we can go to the second hand shop.
• Philippines
29 Aug 12
Hello I'm happy that it helps you a lot in saving money..:).. Yeah,I tried it already, buying things in secondhand shop is helpful to save money. Some of them are fashionable and branded.. Have a great day
@toniganzon (72317)
• Philippines
20 Aug 12
The latest item I bought is actually a macbook pro which of course costs a lot than any other laptops. I've been saving for this for years and though my sony vaio is still working well, I thought a lot whether it was really necessary for me to get a new one. To justify this expense, I gave my sony vaio to my son who has a computer class and he needs it plus the fact that I might be leaving the country soon and when I checked out the price of macbook pro in that country, it's about 30,000php more expensive. So there goes my justification. I'm trying to save as much as I can though.
• Philippines
21 Aug 12
I think you've made a wise decision toni. It's indeed helpful in your part especially your planning to leave our country.
@ashu770 (36)
• India
20 Aug 12
first of all you need a strong determination to save the money and also one piggy bank :P.you need to make plans for your money like bills,etc and leftover money can be saved.don't buy unnecessary things and eatables,this will help a lot to save your money.you can do par time job to have some cash for your desired product to want to buy..hope this will help
• Philippines
21 Aug 12
Thank you for your useful tips ashu770. This is indeed helpful. Determination is absolutely necessary to save money.. Have a great day..^_^
@bLadeee (403)
• Philippines
20 Aug 12
the simplest way to save money is to know your "needs" and "wants". We know that needs are basic things that a person should have therefore which are his/her priorities like food. Wants are only external things which is optional in our life. An example would be a cellphone, it's better to have a simple cellphone to save money since your only going to use it for calling or texting important things to your friends or family, if you're going to buy an expensive one and you're only gonna use it for entertainment like games then you can't save money.
• Philippines
20 Aug 12
That is indeed true bLadeee. I agree that knowing the things that we "need" is more important than spending money all our "wants".. Thanks and have a great day
@Daisy_22 (1229)
• Philippines
20 Aug 12
As of now what makes my expenses really big is the bookings of my travel. In fact I can say that travelling is one of my greatest addiction nowadays.I already shedule for a two travels for a week within this year.It's really expensive but I'm doing that to relieve my stress and enjoy life...
• Philippines
21 Aug 12
Oh...wow! traveling!! I think you have to treat yourself as well. Yes traveling is expensive but if you try to save money for your vacation I'm pretty sure there is no doubt you can go and travel within this year. Just try to manage your money well. Have a great day ^_^
• China
20 Aug 12
Yes, with the ecnomic downturn sweep the globe, more and more people find the money is not enough. For example, in my family we must pay for mortgage, car loan and necessiaries of life. we cannot save any money before. But we don't know where is our money? we don't buy luxury goods and not travel. But nothing to left. What's wrong with my money? After the baby came to our family, we decide to cut down our expenses. Firstly, keep accounts,(Sorry for my broken english, hope you can understand, it means write down the money you spend). for one month, you will be surprised that you spend so much money and perhaps more than you might think. Analyse the spending and find the part is not necessary. Reduce the extenses month by month. I hope it can be useful for you.
• Philippines
21 Aug 12
hi serena_lee Thank you for your wonderful advice. I appreciate your time sharing your experience about how to save money. Yeah,I agree with you. I think we have to reduce our expenses, and analyzing things because we didn't think that we spend a lot of money by our wants not our needs. Thank you and have a great day