Life is expensive! It seems that all costs are higher than expected and you have spent all your salary before you realize it.
If you want the money to be more durable, this article will definitely suit you.By cutting overconsumption and looking for a more economical alternative, you can save a lot of money on all fronts.
Whether you want to change the whole lifestyle or just make a small change, saving money is good for you and your future.
1 Determining maximum expenditure
Classifing your consumption patterns
Most people’s expenses include housing, water and electricity, entertainment, clothing, food, travel and medical care.Starting with checking cheques and credit card statements issued over the past few months.Add up your expenses and other special expenses in the above classification.
Credit card companies and online banks will summarize your spending over a given period of time based on the consumer name.
If you don’t have to borrow money or credit card, count your monthly expenses carefully.Records, for example, include food expenses for grocery purchases and restaurants.
Analyze your consumption
After collecting the information, we compared the total expenditure.Does the result, especially as a percentage of wages, seem reasonable?
Make a budget
Establish monthly expenditure targets.
Even at the beginning, it is necessary to set a retirement savings target. You can use 1% of your salary as a retirement savings, and then you can gradually increase the proportion, you can gradually adjust the distribution of this expenditure. The more you save in retirement, the better your old age will be. (If you think this is not important, you can talk to the retired.)
General financial experts suggest that housing expenditures can not exceed 30% per month. In some areas, this is unrealistic. If you are in such a situation, you may need to consider changing a neighborhood.
In addition to retirement savings, you have to prepare a contingency fund to set aside half a year’s living expenses to prevent unemployment or incapacity to work.
Find ways to save money
When the budget is set, you will find out what needs to be cut.Start with the biggest consumer and find ways to save money.
If your monthly rent is $900 and your food expenses are $300, consider changing to a cheaper house.If you have a mortgage, consider refinancing the mortgage with a lower interest rate.
At the same time, it is necessary to reduce the cost of food, do not go to restaurants, and use the raw materials of nutrition and not expensive to cook their own.
2. Reduce food expenses
Cook by yourself
Cooking at home can save money on food.
But many people even cook at home and buy food prepared in advance, which is convenient but relatively expensive. It is better to buy raw materials and cook by yourself.
Buy the main materials instead of precooked food, so that you can make more food with less money. For example, buy a bag of rice instead of a microwave oven to heat the cooked rice.
If you eat a lot, you can save money by eating less. Try to save some of the food for later meals and freeze the food you can’t eat for a while.
Try new spices and spices.Adding a new sauce or dressing to a fish or chicken breast will make the taste more exciting.Try unfamiliar spices or ingredients from Asian, African or local farmers’ markets.
Go shopping by list
Make a list of the foods you need and buy only the items on the list when you go shopping.
Buying things you shouldn’t or don’t need will cost you two or three times more.
Don’t shop when you are hungry.
If you have a weekly menu, you can make a shopping list according to it. The menu is strictly enforced this week.
Use coupons. One good way to save money is to find a store coupon or product coupon and plan your diet accordingly.
If the round is on sale, you can have the round for dinner.If you have bread coupons, you can buy bread pudding or French toast.
Buy food supplements
Some cheap and healthy foods make dishes more important, such as potatoes that are more likely to be eaten in beef stew.Others such as rice, pasta, buckwheat and grits.
Reduce the number of meals out
Eating in a restaurant is much more expensive than eating at home, and it will increase expenses quickly. It saves a lot of money to prepare lunch by yourself and to cut back on eating out. The same is true of coffee. Don’t go to a coffee shop or a vending machine and make your own coffee.
Look at the menu before eating so as not to embarrass yourself because the price exceeds the expectation.
Pack up the leftovers home so that they can be eaten again.
Looking for a special. Some places offer free or discounted children’s meals. Other places may also offer daily specials to police, elderly or military personnel.
Drinks, especially wine, may be the most expensive part of a meal. Reducing alcohol consumption can help you reduce restaurant consumption. You can drink boiled water instead.
Bulk purchases of items that are not perishable can save money. These include foods such as pasta, canned foods, moisture-proof packaging, common spices, cooking oil, frozen foods, and daily necessities such as toilet paper and paper towels. In the United States, bulk purchases can be made at wholesale shops like Costco.
Share membership card with friends. Wholesale stores generally charge a small membership fee, and you can share it with your friends.
Another way is to work with nearby families to save money by combining purchases and bulk purchases.
Grow your own food.
If you have time, planting food by yourself is the cheapest way to save food expenses.
Simple crops such as lettuce and other green vegetables can be grown easily indoors by the window.
Perennials that are produced every year save more money, including fruits, herbs and berries.