How to save money

Everyday expenses is always what we worry about, especially when we have a big family and not fortunate enough to have much money that we need. Monthly bills, everyday necessities such as groceries for food and drinks, tution fees, school and office supplies, house maintenance, garbage collectors, and many other expenses to mention. Because of these expenses sometimes you cannot even budget your leisure times for vacation, and you can't even go out and eat in a restaurant and shop clothes. But being smart financially is very helpful and you can save a lot of money and buy the things that you want even become super wealthy. There is answer to all of these money burdens and you will find out that it is effective.

Difficulty: Moderately Challenging

Instructions

1. Have a writing note for budgeting and write all the things that you need, ex. gas for your car, electricity, water, groceries. Write the necessities first.

2. Manage your money, obtain a savings account.

3. Turn off lights take advantage of natural light, turn off appliances when not in use and set refrigerators to 40 degrees (F), and freezers to 0 degrees (F)

4. Unplug chargers, and certain appliances

5. Wash with cold water whenever possible. Wash and dry full loads to maximize efficiency (both clothes and dishes)

6. Drive less - walk or use public transportation. Do not accelerate to red light, stop sign, or traffic jam ahead. Drive at the speed limit and accelerate slowly to save gas. Perform regular maintenance on your car. Plan your route to avoid traffic jam and save gas.

7. Cook or order just enough food and eat out less

8. Protecting Your Credit Score
   Your credit score is the number by which financial institutions-insurers, lenders, even employers these days-gauge your responsibility. You want it to be as close to 800 as possible.
   
   Here are two things you can do right away to improve your credit score:
   1. Pay your bills on time.
   2. Pay down the balances on your credit cards, particularly the cards that are nearly maxed out.

9. Use Your Savings to Pay Off Credit Cards. Take money out of your savings or money market account to pay off high-rate credit card debt. This makes sense as you're likely only earning 3 or 4 percent (max) on your savings, while you're paying 16, 18, even 24 percent on your credit card. By eliminating the debt, you gain an instantaneous 12 or 14 or 20 percent. Why? Because you're no longer spending the money on interest.

10. Save some money on auto, homeowners, and life insurance. How? Call your carriers and ask if you're getting all the discounts (for safety precautions, proximity to water and fire stations, good driving records, etc.) to which you're entitled. Take their best quotes; then shop three other carriers. If your health has improved-maybe you've quit smoking or lost weight-use that as a rationale to buy a new term-life insurance policy (you could save thousands). Use the money you save to buy insurance that you need-renters, disability, etc.

11. Use a debit card, not a credit card. That way you don't risk getting in over your head in credit card debt-a problem that plagues more than half of adult Americans these days.

Tips & Warnings

• Save more and spend less. When you see something in a store or in a mall, pause and think if you really need to buy. Think a million times. If you're gonna buy these unnecessary stuff you cannot buy that things that you need and that will ruin your budget and savings. $10-20 sale clothes or many other stuff for sale are very tempting to buy but it's not a very practical investment. Saving small dollar bill a month can become big money in the future. Don't waste your money at present, always save money for the future. Take responsibility for the future.