The prices of commodities are zooming up as fast as the bullet trains. We should take considerations on saving money, petrol, electricity and water and take advantage the free health and community services offered by the government.
On buying thing like clothes or gadgets, we must first ask ourselves if we really need it. Are you familiar in impulse buying? Sometimes, we only buy things just to spend or we think it look good to us. Not clearly thinking if it is essentially important. A typical example, as we walked across the mall, we saw a well-made shirt or dress displayed in a clothing shop. The following day, you saw it again and you're itching to purchase it only to find out that it's expensive, an equivalent to your 3 day rate. You have to ask yourself over and over if we really need it. Do I really need it? What other important things that I could buy with my money right now? Unless if it a birthday present for yourself then buy it. Just kidding...
Tell yourself, yes I want it but I don't really need it right now.
One of the best ways to save up is to a lot 10% from your salary and have it deposited in separate savings account. It would be best not use this money for spending on things rather for emergency purposes only. At least, when the tough times comes, you'll not over-stressed to borrow money from your friends or relatives. You can get from your own savings.
It sounds simple, but having a piggy bank (where you can put a few coins everyday) is another good way to save up. You'll never notice that the coins you invested could turn to a hundred bucks in a week. I have been doing it since I was a kid. I can say it really works.
These are some of simple ways to save money. It's up to you if you want to try it. I believe everyone wants to be financially stable. Aren't we?
Do you have other ideas that you could share to me and to other members? If yes, that would be awesome....
Comments
Excellent post as always Robert! Great use of vocabulary!
You gave some really great advice here. One way I save money is to carry around a reusable coffee cup. I only buy a coffee about once a week. It's amazing how much money (and trees) you can save by not buying coffee or tea from a disposable cup every day. We have also lived with one car for almost ten years now. I'm itching to get a car this year because we don't live in a small town anymore and my husband always has my car!
English challenge: Can you fix up these phrases?
take advantage the
Are you familiar in impulse buying?
Hi Roberto,
thanks for sharing your ideas with us, but I have a question for you; if your country's inflation would be so high that saving money leads to decreasing its cost, even during one year, how can you encourage people to save money?!
While reading your blog, I remember my friend who cannot do away from spending money. She left her job here in our country and even sacrificed her family just to escape from her responsibilities ( paying large amount of money from many borrowers she had borrowed).She thought that going to other country can permanently erased the stress she had have when many payment collectors were asking her to pay her debts. Knowing her status before she left, I told her that the only way she can solve her problem is by disciplining herself not to buy anything that is not so important and spend money not beyond her salary limit. Our friends also told her the same things. She did n`t listen to us so she ended up having a pile of debts which she cannot completely think of how she can pay it. What a pity!
My friends always told me 'you are single but why are you frugal with yourself?" I told them I have important things to use with my money. My family suffered a financial crisis when my mother had been hospitalized and undergone medication for almost 5 years. Together with my brother and father, we helped each other just to pay those people we have borrowed money. We almost payed our debts. That experienced gave me an idea that i should have save money just in case when tough times come I don`t have to borrow money. Anyway, it is easy for me to save money because i`m not a materialistic person , at the same time i`m a wise buyer. I don`t always go along with the new trends.
Hi jajat,
It's OK if you purchase something very important to you. Cellphones nowadays are important for business, studies and to connect with our friend and family. I think it is a good investment especially if you use it carefully and know how to use its applications. Thank you for your response. Keep on learning as you use your blackberry phone....
Hello Addel,
I'm pleased to read your response and I'm glad you listened to your parents. They only want us to be financially responsible in every cent we spend. They worked very hard so that we grow up and reach our potentials. Thank you so much for being thoughtful and for responding on this blog. Should I say I'm proud that through this blog someone have listened to this...Take care!
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