The world we live in today is being run by mega corporations. Internet gurus and ultra-successful entrepreneurs who invested their money, time and efforts in prudent business options are ruling the markets. Everything that we use at home, in office and even in restaurants is the result of someone who had sacrificed his/her savings and decided to use it in a business. If you are one such visionary business mind aiming to start an organization that would help billions, yet finding it hard to save money, here are a few tips that can help you build up that capital.
Save Energy to Lower Bills
Things like heating water constitute up to the third-largest portion of the usual family’s energy bill. Try heating to 115-120 degrees to reduce power consumption and thus the bills. You can also do the same with other items in your home consuming loads of water or electricity or anything that increases your utility bills. Similarly, when it gets cold, grab a sweater instead of using the thermostat. You will end up saving 3% of your heating bill.
If you are living in a house on mortgage, try paying your mortgage twice a month o order to reduce payments. It is called the accelerated payment program. Many mortgage companies and third party vendors offer such services at a low or no fee at all. The money can be automatically debited from your bank account. This will help you get rid of it easy and save on extra costs.
Use only Cash
Stop using your credit cards to buy things. Use cash only and if you don’t have the cash, you don’t have to buy it. If it is something necessary like food, it fine but other than that, you don’t have to whip out your check card or credit card for it.
Cut on Coffee
Coffee is something we can’t work without, but you will be amazed how much you can save if you are making it at home. You can treat yourself to Starbucks once a week, but every day is not good.
Don’t Spend Extra on Cars
Try driving your car as long as it can keep running. There is o need to go for a new model every two or three years. People are known to keep their cars maintained for 20 or 30 years. It saves money and makes you appreciate things you have brought from your hard earned money. Try buying a reliable car and take care of it.
Use that Kitchen Often
If you have a kitchen at home, use it to cook food and stop ordering food from restaurants. You can also bring the leftovers to work for lunch. This will cut your costs on the food you have to buy for lunch and help you get a healthier meal as well.
Stay Away from Bars
Having drinks in bars can be very costly especially if you are there with friends. Try staying out of the bars as drinks are much affordable when you pour them yourself. It goes without saying that alcohol is more economical at the liquor store than at your favorite pub.
Try these little things and you will be amazed at how much money you can save by doing these little things. Good Luck.