Tell me some working-methods to save some money from salary
That's a really hard one. It depends on what you spend money on but my mother-in-law (who is Scottish and therefore canny with money) always used to say "look after the pennies and the pounds will look after themselves" so my advice is small economies can add up to big savings.
I think it's a great thing that you want to save, so many people seem to live on credit with no thought on how they are going to repay anything. In order to save more you need to spend less.
The first thing I would do is take stock of all the things that are costing you money at the moment and see what you can pare down.
Start with your bank account. Are they charging you for transactions or other fees. Many banks don't, so go to a price comparison site to find a better bank. If you have a mortgage, see if you can remortgage on better terms. I would advise you to go to a mortgage broker or financial adviser. They often have products that are unavailable even if you went to the company directly and often it will not cost you anything as they will get a commission from the company (you need to check first and make sure they are accredited).
Next look at your utilities provider. You need to re-examine every single one of your fixed expenses to see if you can get a better deal. Make sure you read the fine print though. It's no use getting a great deal that lasts 6 months and ties you up for 2 years with a big hike in price on the 7th month.
Transport is another big expense especially with the price of fuel going through the roof at the moment and we are all affected by it, see if you can car-share with other people at your work.
I don't know if you have other expenses but basically you need to sit down with all your bills and see if there is any way to get them down.
Food is another big expense. The price of staple foods has rocketed but look at what you throw out. I think it is time to use the freezer again and batch cook when things are in season and freeze for later. Vegetables lose none of their vitamins by being frozen. Freeze sliced bread as soon as you buy it and you will never have to throw out another mouldy loaf, freeze rice in portions ready to eat. A great tip for defrosting is to put the frozen item on a stainless steel surface such as your draining board. Always make a list before you go to the supermarket and try to stick to it. Better still have your groceries delivered, that way you avoid temptation. It goes without saying that smoking and alcohol are obvious huge not to mention unhealthy expenses which would immediately boost your savings. Not easy to do but not impossible either.
Look around your home and your wardrobe. Are there things that you don't use and don't need. De-clutter your home and sell what you don't want on ebay, amazon or a car-boot sale. It's easy to do and remember that one person's junk is another one's treasure!
Before you make any purchase whatsoever (even a small one like a newspaper) stop and think long and hard "do I really need this or could I live without it". You will be amazed at the number of times you put the item back on the shelf and feel no loss. Don't forget to give yourself a pat on the back every time and it will make you feel good.
You could also try increasing the amount of money you earn by doing overtime or finding a better paid job.
Finally, you have now made all these glorious savings, you have to find a way to make your money fructify. You could take out a regular savings plan. That's a good idea as it will give you the financial discipline to save a regular amount every month and top that up by opening a high interest savings account. Again use a financial comparison site, some of the better deals are from on-line accounts but make sure there are no tie-ins. I would also say that you will find saving easier if you have a particular goal in mind. I'll give you an example. I am saving to buy a flat and every time I stop myself buying something frivolous or I sell something or I put money in the bank, I visualise that I have just bought the front door, the bath, the tap or even a single brick! and I can tell you that this flat is not just building up in my head, it's also building up in my bank account because I am much more focused on what I want to do with these savings.
Well good luck and good savings!
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