What are some good tips on how to save money?

Hi,

I agree with those that recommend keeping track of all your spending first. Carry around a notepad and keep track of every cent you spend. Do this for about a month. You will be surprised how much money you waste.

I wrote a hub called "Cut the Fat from Your Budget". You can read here:

http://hubpages.com/hub/Cut-the-Fat-From-Your-Budg

It may be of some help and give you some ideas for saving money. Good luck in your quest!

To know that first thing you need to learn about your expense. Once you identify a pattern in your expense, you can try to see if those expense can be minimize somehow.

For instance, I know that my expenses are mostly related to traveling since I use taxi alot to and from work. Hence, to save money, I reduce the taxi fare by using bus and other public transport instead.

After all, saving is what is left after your expenditure...

It's best to try to reduce your everyday spending. Try growing some of your own fruit and vegetables, to save on your grocery bills. Cut down on unnecessary items such as Magazines & Takeaway Coffee's. Go somewhere cheaper for haircuts and clothing. Put the money you are saving from doing things like this into a seperate bank account which doesn't have a key-card attached, so you can't easily access it.

Anything you buy, try researching online on popular discussion forums. here are some examples:

fatwallet.com forum is very effective to find common deals...

I go there often and read user posts. have been able to lower a good amount of money. For example, my friend told me about magicjack phone service from fatwallet.com (that is how I came to know about it)and I now pay only $20 per year. Have been majicjack customer for 10 months. a very effective local U.S. service

When buying electronic, I do price research a lot. Bestbuy, frys, officedepot and what not. I often use salescircular.com that gives you one stop summary of all deals.

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Learn the art of living below your means.

Well a few off the top of my head:

Do you buy lunch everyday? If yes stop and make your own butties maybe just treat yourself once a week on a friday to something from the shop. You will find this saves lots.

Are you a smoker? Sorry but it does waste a lot of money just add up what you spend monthly and you will be shocked!

Do you club a lot? Why not try and get tipsy before you go out, this is a great money saver. Sometimes if i am not getting searched in a club i will even take a small bottle of spirits and just buy coke. (a lovely trick i learnt in my student days)

Are you a fan of Labels? Try cheaper brands they are just as good

Do you only buy labelled food? I have smart price stuff in my trolly everytime i shop, they taste as nice or even better sometimes

Well off back to work i go, hope this helps even a little

First you should perform an audit on all of your income and expenses to see where you're at. Then you just need to cut out the things you don't really need and figure out a plan for the money you'll be saving. You should have some extra cash in no time!

First find out where you are spending your money. I use a computer program for my monthly bills and things I pay for by check and credit card. It can be a shock to see the monthly, quarterly, and yearly reports on how much you spend on things like utilities and food. The little things really do add up to so keep track of those things that you pay cash for. If you can keep track for a few months and know where it is going, you will know where to save. Coupons and trying store brands for groceries. Changing the type of light bulbs you use and shutting off lights etc for utilities. Walking when you can, for gas. Do you have to get your nails done every week. Really look at your spending before making changes.