Money saving advices - Simple but crazy steps/advices to save serious money

For many people saving money is always a rocket science to master, but from my experience I will show what crazy things I do to save my money.

Saving money is for me a part time job, because I know you should work to get more money, but here I am the boss, so if you are looking for a part time job to earn more money then you are in the right place.

Tell me honestly how many of you know how much money you spend monthly including personnel and house hold expenditure? If you don’t know the exact answer to the question then, please spend some time to read all below steps then you will save money for sure.

Budget:

First off all, you should know how much money your spending for a month, so take a pen/pencil and a note book and do list out all your expenses from day 1 to end of the month.

 Make sure your monthly expenses cover the below list,

·         Grocery shopping weekly

·         Mobile Phone bills

·         Landline phone bills

·         Internet

·         Credit card payments

·         Personnel loans repayments

·         Car insurances
·         Mortgage repayment  

·         Weekends shopping expenses

·         Drinking Alcohol beverages

·         Smoking

·         Travel

·         Hotel rooms

·         Electricity bills

·         Car maintenance

·         Child care expenses

·         Fuel expenses

·         Boiler cover

·         TV subscription

·         Monthly clothes shopping

·         Miscellaneous, this should be at-least 5 % percentage of you overall expenses

Ok, now you should have the budget amount with their expected pay dates. If you have this then you have successfully started to save money. By following the next steps, you will know exactly how much money you are going to save.

 

how to find a cheap credit card

The heading appears cheaky, isn't it? Yes, it is infact that is the intention because most of the credit card companies are very cheaky, they want people to spend more money via there distribution channel.

To save our money while scratching our credit cards, firstly we need to ask why on the earth banks are providing credit cards by saying you can use the credit limit with out charging any upfront cost, but at the same time when apply for a personal loan there will be upfront cost involved? because basically banks will not approve credit cards to people with the poor credit history (click the link to find why it is important to check your credit history).

It is simple because poor credit history means low income profile or with bad financial behaviours which means you can't afford to repay the money in time. Therefore, banks want to attract customers who can afford to repay the loan but not as a complete repayment. Here is the tricky game play by most of the banks providing credit card services.

If you mis a payment then first comes first, late charge fees? what is this? it means if you happen to mis any payment then this will bite you with over due payment or late charge fee, then next your credit history will have the consequential impact which means you will lose some credit scores. Infact banks would welcome the customers who would likely to mis thier payment but will be prepared or can afford to repay the money or the minimum payment. On the top, a higher interest charge will also incure of your overdue  balance and so on. So be it, the delay in repayment or repaying only the part payment or repaying only minimum payment that is where the banks can get thier maximum benefit from the customers.

There are a few banks that would provide very generous amount of credit limit to thier account holders, with a very good credit history or income etc, but any how beware of what I have mentioned above and act wisely; because it is always "better be safer than sorry".

Click here to get the tips to save money when your travel.

Credits : Google pics