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5 Tips To Save Money Daily

Updated on August 5, 2012

Saving money is something that we all try to do on a daily basis, whether that be not purchasing an item that we want to looking for discounts on items that we deem as essentials. In this article I will give you 5 tips that I personally use on a daily basis to save money. So let's get started shall we?

1) The first tip is to research an item before you purchase, by this I mean get to know all you can about an item before you decide to purchase, do you really need a certain model of item? do you really need to spend the extra for the item? This tip is essential on more expensive items and isn't too prolific for small purchases but can still be taken into consideration. Check each local store before buying to see who has the cheapest price, look for promotional deals etc.

2) The second tip is to restrain yourself from unessential purchases, don't spend your last bit of money on something that you don't need just because you feel as though you have to spend all of it in one go. Try to walk away from places you know that sell items that you may be tempted to purchase. Once you have finished your shopping go straight to your transport home!

3) The third tip is to keep an up to date record of what food you have in the house. You can make a list of the meals that you will be cooking for the week and the ingredients needed, this way you can make sure you spend minimal money on the essential items that you need. If you have a little money left over from your budget it's okay you can save this or purchase extra for the following week.

4) The fourth tip is to purchase items when they are in promotional deals that are buy one get one free, buy one get two free etc. I usually buy most of my toiletries and longer lasting items when they are on sale. You can spend your left over budget money on these deals and spend a little extra to save more in the future.

5) The fifth tip is to consider store brand items. Very often you can find store brand items that are extremely close to the more well know versions. Items such as rice, pasta, beans, sugar etc are all items that should be purchased at the lower store brand price. They are usually made in the same facilities and by the same companies as the leading brands.

Those 5 tips are some of the more common well know ones but are very often overlooked! I hope that you can pick something up from these tips or they have jogged your memory to try and save money where you can. There isn't a better feeling than knowing you can provide for yourself and your family and these tips allow you to have that extra spare cash to spend on things that you want to do.


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    • Adamowen profile image

      Adamowen 5 years ago from England

      @nanderson500 thanks!

    • nanderson500 profile image

      nanderson500 5 years ago from Seattle, WA

      Good tips!