Even if you aren’t an accountant or financial person, you can still maintain a healthy financial record provided you take these minor steps at changing yourself.

A lot of people face difficulty in starting savings. When comparing what we earn with the cost of living, there is rarely anything left over by mid or end of the month to put into a savings, and more often than not, years go by without any type of savings or emergency funds, and so when the time of need comes around, we are left destitute and most often have to borrow and get into debt in order to get out of these situations. What no one can comprehend is that a few minor changes can create a big benefit, if only adhered to. Here are a few ways to get yourself saving in no time.

 1. Cutting your spending habits by 30%

To start off, and start small, evaluate your expenses and see where you are spending unnecessarily, or rather where you can afford to avoid spending on, for example, as a male, you may require haircuts every fortnight, which could cost you from 2 to 4 USD per cut, instead why not invest in a shaver, so you can do it at home yourself, hence saving this cost in the long term. Places, where you could cut down, can be in food, luxury items, unnecessary journeys that could burn fuel, washing the car at home instead of at a car wash, even choosing public transport over your own car. Start small, and save the money you refrain from using.


 2. Record your expenses

Unless you record every expense in a journal to be reviewed, you will never know how much of wastage you are incurring by the small and insignificant purchases. Every smartphone offers many apps that will help you to record these expenses. A good financial portfolio will have every single expense detailed into his books. You can also review the differences in each month’s expenses to see if you are saving or not, and where your main expenses are. Once again, if you save in any aspect, put it away.


 3. Pick the right tools

Making sure that you are using the correct options to give you maximum benefits is the key to making quite a bit of saving. For example, money back offers, banks that give you the best rates, negotiate credit card rates, go for installment schemes, supermarket point schemes, etc. Once you start saving, look at fixed deposits that give you good interest rates. Wait for seasonal offers on electrical items. Wherever you can get back the money, that’s the way to go.


 4. Buy in Bulk

Instead of spending money daily on groceries, buy in bulk. Usually, a bulk price will benefit in value, as opposed to buying several times to match the quantity in the end. Make sure to check expiry dates though in order to enjoy the full advantage. However, being disciplined to grocery shop to a list that you don’t deviate from will help you to be in control of your money since you can predict the costs and cater to it by keeping it separate as soon as you receive funds.


 5. Adjust to low-cost events

In general, catering to a night out for the whole family to watch a movie would cost a pound of flesh since it includes the cost of clothing, travel, movie tickets, food, and then travel back home. However, if you can adjust to buying the same movie on DVD and watching it with homemade goodies as a family, will give you the same experience for almost 2/10 of the cost. While a once in a way outing wouldn’t impact negatively, adjusting occasionally wouldn’t hurt much.


Saving doesn’t have to be a tedious task. Even if you aren’t an accountant or financial person, you can still maintain a healthy financial record provided you take these minor steps at changing yourself. Saving is not just for the rich and doesn’t come only as a tangible return.






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Dec 31, 1969
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