Categories
Finance

Ways to Save Money

There are numerous reasons why someone might want to save money, whether it’s for an upcoming vacation, or if it’s to buy something expensive. It also never hurts to have a little bit of extra money on you at any given time, the trouble is finding ways to actually save the money in the first place. Saving money is easy if you have a little bit of self control. Here are a couple of tips on how you can save money:

Save-Money

Set a monthly budget

Before each month begins, you should have a budget of how much you need to spend and how much you have to save. For example, you will definitely need to spend money on bills and utilities, so add up all of your monthly bills and write that number down as money you absolutely have to spend in a month. Next, write down the amount of money you will have to spend on your monthly groceries and if you have a car, write down an approximate amount for gas money. Finally, whatever is left of your paycheck should go directly into a savings account either in a bank, or you can even save it in a piggy bank at home. Any extra money you have should be saved, if you want to have some extra money.

Don’t spend money excessively

Spending money excessively is the worst possible thing you can do if you want to save money. There are a lot of ways you can cut down on your spending habits, such as not going out to eat with your friends at restaurants. You can also not go on spending sprees and buy clothes and electronics you do not need. If going out to eat with your friends is the only way you get to socialize, you can always invite them over for a potluck dinner. Alternatively, you can go on a picnic with them in a nearby park, as that will be much cheaper than going out to restaurant to eat. If you want to buy new clothes, consider selling some of your old clothes beforehand. You can sell your lightly worn clothes to charity shops, you can sell them online, or you can even host a garage sale. The point to remember is that you should always make the money you want to spend on clothes, by selling some of your old ones first.

Categories
Entertainment

Having Fun on a Tight Budget

People often equate having fun with spending a lot of money, but having fun really only comes down to what you do and who you do it with. By thinking you have to spend a lot of money to have fun, you are not only limiting yourself, but you are also probably spending more than what is necessary in order to have a good time. Here are a few tips on having fun on a tight budget:

Go to free events

If you look up the name of your town or city, you will find that there are a lot of free events going on at any given time of the year. For example, there could be a carnival coming to your city that might not have an admission charge, so you can enter for free and spend a small amount of money to stay entertained for the whole day. If you are a student, there might also be free days for students to go to museums or art galleries. If you spend a day in a museum or art gallery, not only will you be occupied for the whole day for free, you might also learn something new. Free events are especially popular during the summer months, so remember to keep checking the local listings.

Take advantage of nature

Gather a group of your friends, load into a car and go enjoy the beauty of nature. There are so many wonderful things you could be doing outdoors, for example, you can go to the beach, you can go hiking, or you can even go for a lovely picnic on a sunny day. If you don’t want to spend money on overpriced food at the beach, you can take a portable grill with you and grill up some hotdogs and burgers for you and your friends. Going for a hike can be an adventurous day to spend the day as well, as you can explore the area and perhaps even discover a hangout spot for you and your friends.

Stay indoors

You don’t have to leave the house to have fun, all you have to do is invite your closest friends over, order a couple of pizzas and watch a movie. You can even play some board games you have lying around the house, play karaoke at home, or play charades. The only thing you need to have a good time on a budget, is a good group of friends.