Saturday, 2 February 2008
Money Matters #4 - 10 Simple Money-Saving Tips for 2008
Tip 1 - Carry cash instead of credit cards - psychologically it is meant to be harder to spend cash (and you pay no interest)
Tip 2 - Buy fewer takeaway meals - if you are time poor, use home-made quick meal options or cook 'double recipes' and freeze the left-overs.
Tip 3 - Plan your purchases to avoid impulse buying - grocery shop from a list, look high and low when shopping, they hide the cheaper items there.
Tip 4 - Cut your work expenses - take your lunch to work (at least 3 or 4 times a week will save you $500) and use public transport rather than driving or taking cabs
Tip 5 - Use tap water rather than bottled water
Tip 6 - Shop wisely - at sales, outlet centres and on the internet. Stick to a budget and compare prices.
Tip 7 - Shop around for financial products (like insurance) - get at least three quotes
Tip 8 - Pay your credit card bills on time
Tip 9 - Cut back on fees generally - things like late fees, ATM fees, bank fees. Get organised and save.
Tip 10 - Put catalogues in the bin - Don't be tempted by seductive, glossy advertising