Budgetting a Family Budget

Time is money and how long you think you must work for money?
Some people quoted that he will work until such a time when money works for him.... money makes money!!!

This is very much capitalism and what I am about to share with you is the first stem to make sure one day money works for you.... finally!

Is it difficult to save money? Well many would think so but that’s not true. Saving money is not as difficult as it seems. Here are a few practical tips that you can use to begin saving money, without changing your lifestyle.

You can try to incorporate it into your family budget too.
Here goes.....

1. Change incandescent bulbs with compact fluorescent (CFL) bulbs. CFL bulbs consume 80% less energy than incandescent bulbs, but give the same brightness and illumination. Make sure to buy only light bulbs that have the Energy Star rating to ensure quality compliance.

2. Purchase online, whenever possible. Online stores pass their savings from rental costs and warehousing to the online consumer, thus they can afford as much as 70% off their rack price. When buying items online, go to Google first and search with the word, “discount code”. This can give you further reductions on the item you want to purchase. Try also online bidding: they offer at least 75% off the original purchase price, for practically new (slightly used!) items.

3. However avoid shopping to de-stress. Try walking around the beach, park or go watch a movie instead.

4. Make a list when going to the grocery and stick to it! Anything that is not on the list is not a “need”, but merely a “want” so avoid spending money on unnecessary items. When possible buy non-perishable consumables in bulk to benefit from bulk discounts.

5. Use coupons or offer vouchers when available. Take the time and have the patience to clip and organize grocery coupons. When added together, savings from using all coupons in one grocery trip can be as much as RM20-RM30. Purchase dining and shopping coupons online and print them at home. Doing so can save you at least 50% on the face value of the coupons.

Well, that's only the starting few points to think about and try. I will post further in my next posting. Stay tuned and see you again in my next posting.

Cheerio....