9 Useful Money Saving Tips to Help You Get Out of Debt
According to free money blog in a blog post, “a penny saved is a penny earned” and that is true. Setting aside the money instead of spending it on something that you don’t need, is like paying yourself, and most of all, you are also setting aside for the future. Through saving, you can also get out of debt. No one can predict the future, but we can prepare ourselves for it. Let me give you some practical money-saving tips.Change Internet Speed Subscription
One of our expenses is our Internet subscription that we have to pay monthly, and all of us always go for the faster, type of service. Did you know that mostly, you can’t make use of the fast Internet Speed? Especially when you are just browsing and you only have 1 to 3 devices uses the connection and sometimes, they don’t connect to the Internet simultaneously. Change your subscription type, and choose the one with a slower connection, while you don’t have to choose the slowest, go for the ones that fits your needs. A 2 to 3mbps connection is enough for browsing and they are the most affordable subscription type.
Switch to Prepaid Phone Subscription
While communication is important, there are unnecessary and impractical uses of phones especially when we are at home. Going for a post-paid subscription will make you pay more at month end than if you are using prepaid. Prepaid can also be a hindrance when it comes to emergencies, but if you are aware that emergencies comes when least expected, you would save your phone credits for important messages or calls, only. You can even stop subscribing for your home phone, and stick to prepaid cell phone subscription. This will save you more than you can think of, but if you are running a business, this might not be suitable for you.
Get Services in Bundle
In today’s world, cable service providers expanded their business and now they provide telecommunication services, and most importantly, Internet services. When you ask a company to provide you with bundled services, they are going to give you advantages, and one advantage is that you are going to pay lesser amount, than subscribing cable, telephone, and internet from separate service providers.
Heat Water Using a Gas Stove
It’s common that we take hot drink when it’s morning, when it’s cold, or when we want to. Sometimes, we even heat water to take a bath. While heated water is part of our daily routine, we can save up to 30% when using a gas stove to heat water, than usual electrical heaters or water dispensers because gas stoves are far better in supplying heat than electric stoves.
Use Energy Efficient Appliances
While fire has been used widely – meaning to almost anything when it comes in the kitchen – there are also appliances that works only using electricity, like lights, microwave ovens, blenders, mixers and so on. Choose the ones that are energy efficient.
Minimize Drinking Alcoholic Beverages
Some people got used to drinking alcoholic beverages, but minimizing this can help us save money. Most alcoholic beverage is unaffordable or cost more than soda drinks. (Though soda drinks are unhealthy and you should avoid em!)
Choose Subscription over Newsstands
If you love reading, you will find it hard to live without your favorite magazine. Subscribe for your favorite magazine than buying them in newsstands. This way, you can save more because they offer discounts to their subscribers.
Pay Annually if You Can
If you have life insurance, it’s common that you will have to pay monthly, quarterly, or annually. Obviously, you are going to pay bigger amount than the monthly payment or quarterly, but if you are going to calculate, multiply your monthly payment equivalent to twelve months, still, paying annually saves you more.
Switch Off Appliances Totally
Putting your electronic appliances in standby mode, still consumes energy. The best example is your television. Once you turn it off using the remote control, it won’t totally switch off, but it goes to standby mode. Pull the plug to ensure that it won’t consume energy, any more.
You can start saving with these practical tips and the more you start thinking to save rather than waste money, you are going to discover more tips, like collecting your unused or junked things, repair them, and resell. It was said, one man’s junk is another man’s treasure. Learn how to do this by getting the Free Money Book, by Kevin Trudeau.
Thanks for sharing these nice tips to get out of debt. This is going to be very beneficial for the one who is fed up of debt... debt consolidation help
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