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rhyski > Intel > Ways to save cash

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Ways to save cash

In the past, I published a couple of posts on savings tips. I thought I'd spend a few minutes to think of a few more good ideas to assist in savings those extra funds required to meet increasing mortgage repayments due to increasing interest rates:

- budget regulary and stick to it
- review your budget to assess under & overs and make adjustments accordingly
- use shop-a-docket vouchers when buying petrol
- monitor petrol prices and buy on the cheapest day, even if your tank is not empty (Tuesdays and Wednesdays are usually best)
- shop-a-dockets are great sources for deals, two for one meals, free muffin with coffee, discounted carpet cleaning are just a few examples
- review your mobile phone plan to ensure you're getting the best deal and rates
- buy alcohol that is on special or buy from places like Dan Murphy's
- quit or cut down on the cigarettes (a pack a day at $10 a pack, that's $3,640 for a very unhealthy habit)
- exercise outside instead of paying gym membership, training in the fresh air is better for your muscles
- cook a bit extra each night and take the left overs for lunch the next day ( a $6.50 sandwich and $2 soft drink each day will add up to about $2,000 a year)
- make a shopping list before heading out and try to stick to it
- if possible, don't go shopping when you're hungry as you end up buying more because everything looks great when you're hungry
- at the end of the day, put the coins in your pocket in a coin jar. At the end of the year, the money can be used to help Christmas presents ($2 a day is a approximately $500 at the end of the year)
- check out the internet for deals on holidays, flights (www.wotif.com, www.needitnow.com), cosmetics (www.strawberrynet.com), clothes shopping
- buy flights and accomodation early and get the best deals
- factory outlets, cheaper and you can get some good stuff if you look hard enough
- cinema on a Tuesday is half price....dvds are even cheaper

These are just a few short and sharp savings tips that I though of in 10 minutes. I'm sure if you sit down and think about it, there are many areas of your life you could change to cut back on unnecessary spending.

Individually you may think it's not worth the bother but added up together, applying a few of these tips could save you quite a lot of the period of 12 months.

Contributed by rhyski on March 6, 2008, at 4:28 PM UTC.

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