Top 10 Easy Peasy and Smart Ways To Save Money

Saving money does not have to be a tough and impossible ordeal. In fact, as long as you have some ideas on how to get started, you can begin growing your savings fund in no time. It is all about having the right attitude and an effective game plan to let you achieve your goal of becoming financially independent for a secure future.

We have prepared here for you a list of easy and smart ways to increase your savings, which we believe the average person can do without a problem at all. Check out this list and find out which among the items here works for you best.

1. Choose a bank that offers a higher interest

Not all banks are created equal. There are those that offer a number of rewards, perks, and a good interest rate. This is why before you place your hard-earned money in a bank for your savings or investment account, make it a point to check first the interest rate being offered. Checking out Singapore’s most profitable savings accounts for the past year can help you in choosing the bank you can trust. Not only can you learn more about the performance and product offerings of the bank, but you can also determine if you are comfortable putting your money there after knowing more about its background.

In Singapore, you can find a number of commendable banks when it comes to their profit and rewards. OCBC, UOB, and DBS are among a few others, which have been doing quite well when it comes to wealth management. But it is also worth looking into their competitors and how they have been performing for the previous years. As these banks are highly competitive, they want to make sure they have more attractive products and services that will appeal to prospective clients who may want to open an account with them.

2. Get into couponing

Whenever you shop, the goal is to spend wisely. This does not mean settling for items with the cheapest possible price and compromising quality, but it is more about doing what you can to get the best value for your dollar. After all, with the high cost of living in Singapore, it is only right that you make an effort to stay practical while living comfortably and getting all your basic needs met.

Couponing offers a smart and effective way to shell out s smaller amount of money for your groceries, pets services, health and beauty products, and even movie tickets. You can check out or to learn more about the current offerings to give you more savings on various items.

3. Come up with a shopping list

Heading out to the supermarket for your groceries? Before you do so, it may be wise to check the fridge and the pantry first to make sure you do not end up buying what you already have. Making a list and sticking to it is another great way to stay disciplined since you have to admit that a trip to the supermarket can be a huge test of your willingness to stay with your budget. Although there are cool finds at the store, you still need to be aware of how much you have allotted for your groceries instead of acting on impulse and buying items on a whim.

In addition to having a list, you should also consider saving your previous grocery receipt. This is a way to determine if the current item is still priced as it was or if it is already on sale. Then, it may be worth checking out different grocery stores since the pricing may also vary from one place to another.

4. Be inspired by your friends

The people we hang with have a huge impact and influence in our lives. This goes without saying that if you are friends with frugal, practical, and disciplined individuals, then it is ultimately possible for you to acquire their notable habits when it comes to spending and saving. On the other hand, being friends with those who do not prioritize wealth management or practicality with handling their money can be detrimental to your own financial situation.

But if you really cannot avoid having friends whom you do not share the same principles with when it comes to finances, then be sure to know your own limits. Do not give in to the desire to buy what you don’t need since you must always prioritize your future instead of collecting nothing but “stuff” right now.

5. Make your health a priority

When you check out the prices of sweets, chips, and all those food items in the junkfood section at the store, don’t you realize how expensive these are? As compared with whole foods and fresh produce, you will be surprised to know that these processed snacks come with a higher price tag. So, if your goal is to save money, then why should you even continue buying them?

But you see, it is not just about the price. More than anything, these foods do not contribute in any way to your health. So, along with spending more money on them, you are also putting your own health at risk because of the unhealthy food choices. Next thing you know, you are not just allotting money for food, but also for expensive medication.

6. Sell underused collectibles while they still have their value

Minimalism can do you a great deal when it comes to growing your funds while decluttering at the same time. If your closet barely has any space left for your clothes and other personal items because your collectibles are taking up so much room, then it is time to let them go. Selling them online can help you grow your funds while allowing you to organize your more important belongings. After all, do you REALLY need to keep those decades-old baseball cards or trinkets? It could be time to dispose them by featuring them on global online marketplaces including Gumtree and eBay, to name a few.

7. Never throw the leftovers out

If you have to bring with you some takeout food from leftovers, then be sure to consume them when you get home. Do not ever those these out since you spent some money on them. The same holds true when you ended up cooking more than you should for the day, and you could not finish it all in one meal. Put the cooked food in the fridge and heat it for tomorrow’s meal, which could also spare you from the length of time and so much energy you would have spent on making another batch of dish for you or the family. But if you absolutely hate eating leftovers, then be sure you cook or order food that is just right for your needs. This way, you can save money on food and avoid consuming leftovers at the same time.

8. Turn off and unplug

Leaving your electrical appliances running even when not in use is a big no-no if you want to save money. Why would you even leave the TV on when everyone else is outside the house? Or do you really need to cool the room and keep the AC on, yet no one is even staying in there? Make it a habit to check fans, lights, AC, and other household appliances that are still running when not in use. Turn these off and discover an improvement in your electric bills, which should allow you to save more in the long run.

9. Avoid shopping for unnecessary items

Just because your shirt is missing a button, that does not mean you should throw it or donate it right away. All it needs is some minor repairing, and your shirt should be good to go again. The same works for your bags, shoes, and watches that may only need some fixing instead of discarding them.

If you get into the habit of repairing broken items and not heading out to the store right away to replace them, then you are on the right track. You can save money this way while preventing any unnecessary headaches that come with collecting a ton of items you barely even need.

10. Opt for open-source and free software

You probably need some editing, accounting, or other types of software for work, studies, or leisure. But the thing is, purchasing these tools can cost you a few bucks to several hundreds of dollars. In the end, it is not really worth it because you may not even use it too often. Outside of the issue on whether you plan on using the software regularly or not, the price is still the main factor. Since there is an option to choose free or open-source software, then why not go for it, right? This can offer significant savings in case you have a few types of software in mind that you initially wanted to buy.


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