I think it is very important for me to expose some financial management tips that simple and can be done by everyone. I acknowledge the importance of money because it is Lord gifts that we should managed well without waste. In this regard I am pleased to disclose 10 simple tips to save money:
1. Practice tactics ask price discounts or consultative (Negotiate) when purchasing physical goods at any suitable place. I tried one, and if you can discount the price is lower than the original then it is a bonus benefit to us. I always ask when you buy discounted goods in Rantau Panjang or even Danok, Thailand. Bring back the goods with low price and then you can sell it back with a better price. This technical or consultative discount price method can be use for the benefit of us all.
2. Using online coupons to buy online in the Internet. For those who like online shopping can really use various types of coupons in online shops such as Retailmenot.Com, DailyDeals.Com, MyCoupons.Com and others. I also often use discount coupons for online shopping domain, hosting and any related digital products. Buy low price and save money to be saved for use in other aspects.
3. Purchase of goods during the initial campaign or seasonal nature. This is important when we want to buy products in the campaign season celebrations. For example during the Malaysia Mega Sale has many items given discounts of up to 70% in selected areas such as Sogo, Jusco, Parkson, Carrefour and others. I had to buy L shape sofa, desk workstation with 4 cabinet drawers with 30% discount during the initial campaign. It simply means that the model is very beautiful and durable. I take this chane during strategic time which offers lower price where there is no way on normal event we will get that cheap price.
4. Save electricity bills by using the LCD monitor crystal / plasma (thin) compared to CRT monitors (shotgun) that use much power. Please ‘unplug’ or remove all electrical plug (tv, pc, laptop, charger etc.) when leaving the house or electrical current is not used and this can save up to 2% or over RM100.00 a year.
5. Save petrol consumption by ensuring your car tires car always has enough pressure every week and was able to save on gas mileage up to 2%.Also less use of aircond will give the same results. I always close the aircond car earlier when i almost reached my destination.This is also able to influence for lower use of petrol and it’s good for your money.You Can also try the public transport (bus + LRT + monorail) once in a while to avoid the congested roads, expensive parking fees and other. For those who have motorcycles or bicycles are also encouraged to use it if possible and practical in terms of time, cost & energy.
6. Save money by using second hand or auction items. I think this is quite practical as many web-related auction or sell second hand goods with a very affordable price. Can be tried in Mudah.My or Lelong.Com.My the list provides a list of many items such as warm hp, jam, game ps2 / 3, wii, xbox, books and other very attractive. My friend has bought a new model of Nokia mobile phones with low price and is far more savings from buying in the ordinary shops. However be careful when making purchases online make sure the seller is known reputation as a precaution.
7. Stop damaging your body with eating out in restaurants or fast food McD, KFC, Pizza Hut etc. .. Learn cooking and eating homemade food which is more organic and natural. This is a positive approach for good healthy life in the long term. Food nowadays full of chemicals, flavorings, flavors, colors that can lead to diabetes, kidney damage and even more severe cancer. Look at those food at any fast food restaurants certainly have a high sugar content, excessive salt and Ajinomoto flavorings and chemicals that can affects your body. That’s why trying to stop or Minimize reliance on fast food and eat more homemade food. Bring own supplies if possible.Why not start eating good food from now onwards. Don’t ever waste food that you eat .
8. Always monitor your utility bills such as telephone expenses, electricity, water, parody, and other Internet-related. Astro is sometimes unnecessary but why not switch to Internet where we can watch the tv or listening to radio online throughout the world. You will certainly find free download movies & musics over the Internet. I suggest alternatives to make bold decisions to close the Astro and save you money by using Internet Broadband optimum for your area. This is just my personal opinion where i spent most of my time on the Internet more than TV. Entertainment on the Internet already been able to replace the tv soon. I can now see the Internet becoming One-Stop-Center where it is also very cheap. While the use of water, electricity and telephone can be saved in many ways more practical. Avoid wastage that’s for sure. When we know our monthly spending bill we will certainly find a lot of space how to saved. I’m always obsessed with bills and money flow out. Learn where your money goes and we will find holes that can be closed in part to ensure that your money can be saved more from time to time.
9. Stop smoking, shisar, or too much entertainment such as movies or other form of ‘fun’ in which it does not bring benefits for the long term. If you can stop smoking it will give advantages to save more money each month and plus, your body more healthy and independent chronic diseases SPT cancer, high blood pressure and others. While tgk movie ni think I can reduce it further because more waste when we can download the movie on the Internet.We need to find a cheap and practical alternatives and make your home or workstation one-stop-center entertainment movie / music with lcd / plasma tv and karaoke sets etc. (like the current campaign mega sale) .. thus we do not have to dispose of money each month on cinema and in karaoke in a RedBox etc.
10. Use credit cards wisely and collect points to redeem the valuable goods. While credit cards are not good because it causes the ‘overspend’ in financial management, but we need discipline to make sure it became a good financial tool. I do not encourage you to own many credit cards. However, I recommend you to have 1 or 2 type of credit card only whether Visa or Mastercard.
If we calculate the cash flows and have the financial aspect of the budget fixed monthly groceries (kitchen items) and payment of bills, then pay with a credit card tactics where you can redeem points.Plan your monthly budget per purchase and not more than that, for example, I prepared the budget for groceries is RM150 for two weeks and enough ice in the box without having to commute much time going to market or shop. Similarly, the fixed expenses can be paid with credit card for broadband internet, electricity, water, petrol and so on. With credit card facilities, we can facilitate the flow of finance at the same time so we do not exceed our budget. Pay full Credit card balance before the credit card statement came out (normally in a time of not less 20 days), through online banking.
Be sure to pay full and not only the minimum payment on credit balance for each month. This is a big mistake for credit card users. Always Discipline yourself to pay full before the statement out and you will not be charged any interest charges. This is an advantage in addition to credit cards where we can redeem points with valuable goods offered by the credit card issuer.
Make use of credit card as a helping tool instead of extra money. If not, you better cut off your credit card because it is not financial tools that helps. Or else it will lead to bankruptcy. There is Pros & Cons using credit cards, but it is important to know the cash flow (cash flow) each month to facilitate financial planning and using it in good ways. Credit card can actually redeem points up to RM50 petrol voucher which can save you petrol cost.So, i don’s see why credit card can’t be helpful to us.So,think wise guys!
Original content:By code7 edited by Pokjat
Very good information ! great blogs, it really helps us in our everyday activities in practical ways. Thank you