The Save Money Hound finds you some easy tips to save money.
Tip No 1: Set up a piggy bank and start saving
If you are serious about saving money, it’s best to have a central spot where you can start saving those hard earned pennies. Get yourself a mega piggy bank and pop all that spare change and small notes into your piggy bank. Set up individual piggy banks for the family and see who saves up the most money first. Treat it as a friendly game of monopoly. Winner takes all??!!!
Tip No 2: Set up a special savings account
The most important person is you and you want to make sure you keep some of that hard earned money for yourself before you go paying other people. Set up a special savings account and do a direct debit from your cheque account or operating account to you special savings account.
Nominate a reasonable amount you think you can save each week. If after a few weeks, you think you can save money, increase your weekly amount savings to your special savings account. This is a great way to learn how to save money quickly.
Tip No 3. Select a high interest earning account to save quickly
Select the highest interest earning account that you can find and keep that interest compounding away for you. You will be amazed at yourself when the effect of compounding interest takes effect. You will be pleased at yourself for saving lots of money.
Tip No 4. Coupon Central for savings
Go online to find the best coupon discounts and codes to save money. If you are doing it the old fashioned way, cut out and print coupons and store them in a safe place. Get a big glass jar and shove those coupons in there before you lose them. Don’t forget to keep track of their expiry dates. If they are food coupons, aim to use the coupons by the closest expiry date each time you do your weekly shopping. It’s that simple.
Tip No 5. Pay bills using direct debit to save money
Make sure you pay bills on time. Lots of companies charge penalties if you pay your bill late. Some even offer a discount if you pay your bill early. Take advantage of discounts and pay your bill early. Some enter you in for competitions to win their products or services if you pay on time. It’s a good habit to get into to save money.
Tip No 6: Cash back offers save you money
If you are going to look for best deals on the internet, you may else take advantage of cash back offers offered by discount code websites. Some of these cash back offers can be as high as 10%. Not a bad saving as long as you have done your homework and know what the product should cost you.
Other Save Money Hound articles
