Gomestic > Personal Finance

How to Save Money

Some tips based on my experience.

By cost cutting we can save a lot of money.

When we have much money but if we do not know how to save, it is just like we putting it in a basket that has an open hole at the bottom.

Do not buy expensive things.

Spend money wisely. There are quality products that can buy in some stores at lower cost. Be patient in price canvassing.

Buy the needs first before wants in life.

Prioritize which things you would buy. If you need dress or pants then buy it first. If you have complete what are necessary things in your life then buy what you wants for example ball, chessboard, etc.

Open a bank account.

If you have an input then you can get an output. It’s not only saving your money but also earning interest.

Prepare your future, save your money.

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Comments (1)
#1 by Zak, Oct 17, 2008
Very excellent points indeed. A lot of us do not realize how important it is to spend wisely and save for a rainy day. I'm a university student and I see the wisdom of this article :) Keep 'em coming
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