It is well-known that saving money is very important to help you deal with some expensive events in life, like marriage ceremony, childbirth, healthcare, and purchase of new home or vehicle, even the job loss…etc . Even if you try to have some money transferred into your savings account once you get your earnings after the payment of all your expenses and taxes, you still think that is not enough to set up the nest egg large enough to cover all necessities. In this way, saving more money needs your action in changing your lifestyle, so that you should do something immediately to decrease your wasteful spending in order to save more money as much as possible.
1. If you want to save some money, you now need to stop paying fees related with late, surcharge and overdraft in your bank and credit card. When it is possible, you should ask the banks to have due dates changed to be coincided with your paycheck deposits. It is also suggested that you should go for the automatic bill-pay services provided by the bank for your monthly bill payment before the due so that it would avoid forgetting your payment on time. In addition, you are kindly advised that you use ATMs of your own bank or those with surcharge-free, or get your cash from the debit card when you want to buy something so as to save on surcharges.
2. If possible, you should negotiate the new contracts to get the lower rates each year. You had better check out current rates that the company offers to new customers, if you find that it is lower than yours, you should go and require for lower rates. If you fail to get what you want, you could turn to the company which offers better service with lower rates. When you are having several loans at the moment, it is better to combine them with one company, which would enable you have a low interest rate. At the same time, you should consolidate all your contracts related to different services, like your insurance, into one big contract so that you could get the multiple services with some discounts from such company.
3. If you like read books and watch movies, they would cost you some money. In order to reduce your expense in entertainment, it is kindly suggested that instead of purchasing the new or latest items, you should get free or low-rental-fee videos or CDs, books and magazines from you local libraries or on Internet. For saving more money, you could share the cost for movie rentals with your family members and your friends. Furthermore, you should participate in some inexpensive or even free events, like free outdoor community concerts or sport meetings sponsored by your local organizations, which would also help you save some money you could expect.
4. As you know that the gas and maintenance vehicle is the big expenses in your household spending. So how to reduce them is something needs your considerable attention. It is kindly recommended that you should take away extra weight from the trunk to consume less gas. When you drive out for several errands, remember to plan your trip well and do then in one trip. In addition, you could do something more to save money, such as having tires inflated and aligned, changing the oil regularly which would make your vehicle go in a more efficient way so as to avoid the costly breakdowns. Another way to save money in using vehicles, you could try carpooling with your colleagues on the weekly basis so as to reduce vehicle wear and cut down expenses on gas.
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