In keeping with my New Year's Resolution of saving money in 2010, I thought it wise to share a few more ideas on just how I am trying to live up to my resolution.
First, although I have to admit that I cannot live without a cell phone, I have learned that I can do without the latest (and quite expensive) cell phone models in the market today. When I was still single, I used to change cell phone models as soon as I lay my eyes on a newer model equipped with more features, which, more often than not, I don't really get to use. But since I became a mother, I've realized that I could be spending the money on my daughter's needs instead of on newer cell phone models. I just need one that will enable me to send SMS and call my loved ones whenever I want to. More so, I have long stopped subscribing to mobile post-paid services. With pre-paid, I can budget my monthly cell phone charges. Simple, functional, and affordable!
Second, I try to pay in cash than charge it to my credit cards. If it couldn't be avoided, I make it a point to pay my credit card bills in full, or at the very least, much more than the minimum amount due. And if possible, try to ask your credit card company to cancel your annual membership fee. If you try, they would at the very least deduct a certain percentage to the annual fee. Less charges, more savings!
Third, I research and look for more ways on how I can save more. The web has many resources from handling personal finance to investing. MSN Money is just one of the many sites that offer news and ideas on managing your money.
And lastly, I came across Billshrink.com, a website that inspires people to save money. With free tools to help you realize your monthly bills, and suggestions on how to make them lower, Billshrink can be your own personal financial advisor. Moreover, BillShrink business credit cards are a businessman's partner in maximizing earnings. Check it out, and you might just find your own ways of shrinking your everyday bills!
2009 is coming to an end, and as we welcome in 2010, let's be thankful for the blessings of the past year and welcome in a brand new year of more blessings, greater opportunities, success, and wealth!
So, after all the holiday expenses, it is just but fitting to start 2010 with a resolution to save money. Here are just a few of my suggestions on how mommies like me can do just that. :)
1. Make a grocery list, and stick to it.
It is always wise to make a grocery list before heading on to the supermarket. That way, you are focused on buying only what's on your list. It is also good practice to schedule your trips to the grocery. Try to schedule it for example an hour before your scheduled time to pick up your child from school. This way, you are time-constrained and do not dilly-dally inside the grocery store (more time inside the store tempts one to buy more than what's needed). Aside from money, you also save time and car gasoline. Oh, and by the way, get those coupon codes for even more savings!
2. Cook at home.
It is much cheaper to cook meals at home than to eat out at restaurants or order from fast-food chains. It is a healthier option, too! :)
3. Iron clothes once a week or twice a month only.
Schedule ironing of clothes to just once a week or twice a month only, so that you can save on electricity costs.
4. Go green. Recycle.
Instead of buying garbage bags for your trash cans, recycle used plastic bags from the grocery.
5. And the best advice I can give: Save first!
Once you get your family's monthly income, immediately put at least 10% of the total amount to your savings (if you can afford to save more than 10%, much better!). Then, budget what's left for your daily expenses. This way, you are sure to save some amount monthly. Try to think of it as an "expense". Once you've put it in your savings account, forget about it and make do with what's left. Then you are not tempted to buy unnecessary things and you are able to save up for something more important like your child's education, your health, or your house/car insurance.
These are just some simple ways on saving money this coming year.
Want more tips? Check out 30 Ways to Save Money.
I wish you all a year full of peace, happiness, and prosperity!
Happy New Year, everyone! =)
