Tips for Efficient Money Saving

K A Vasan
2 min readJul 21, 2022

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Tips On How To Save Money Efficiently

Keep Your Bonuses Safe

When you earn a bonus or hike, don’t spend money on impulse. Save it or put it to better use by investing in it further.

Recurring Deposit

Set aside a portion of your monthly salary as a regular contribution to your account, since it will grow over time with interest.

Shopping Lists

Always make a shopping list before you leave. This allows you to limit your purchases to basics and avoid purchasing items that you do not require, you will see a significant difference as a result of doing so.

Prepare Meals at Home

Reduce the number of times you eat out in a restaurant or takeouts because it might be expensive at the end of the month as well as it might affect your health. So try a home-cooked meal instead.

Discounts

Look for discount deals on apparel, movies, and other types of entertainment since it will save you a lot of money.

Major Purchases

Examine how much money you’re spending on significant purchases and cut back as much as feasible.

Online Shopping

Cut down your online shopping costs because here is where large purchases are made nowadays.

Subscriptions

Choose low-cost subscription plans that you truly require. Otherwise, just simply cancel or remove them.

Budget

Maintain your budget, stay true to it. Don’t spend money outside of it. Soon, you’ll notice a change.

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K A Vasan
K A Vasan

Written by K A Vasan

I enjoy writing about my experiences and understanding of many random things I’ve learned over the years.

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