Raguragavan Sreetharan | Save Money – Easy Tips That Can Benefit You Right Now

Raguragavan Sreetharan | In many budgeting articles, you often see instructions that everyone should make a budget. That approach appears imply that overspending means there is no budget in place. It may be more helpful for people to gain input on how to realign a budget into one that makes more efficient use of their money. This approach would allow you to review your budget for ways to free up money that you can save.

Creating a budget allows you to see where your money is going. Then if you can find $30 each month to cut in expenses, it gives you another $360 in a year that can go to either a debt or savings. (Raguragavan Sreetharan) Sometimes people do not think about cutting expenses in small amounts here and there. But these small amounts can add up. How much money are you wasting? Here are just a few easy saving tips that can re-direct money you may currently be wasting to paying a debt or adding to savings.

Raguragavan Sreetharan

One area where you can cuts expenses is with your telephone service. Many people are turning to their cell phones. Here are three points you might consider as easy ways to save money with your telephone services:

Save Money – Easy Tip 1. Do you currently have a cell phone with minutes you never use? Would a track phone work better for you where you only pay for minutes as you need them?

2. On your home telephone service, do you make enough phone calls to warrant unlimited dialing or would a 65 phone call (or less) a month plan work just as well?
3. Do you need to use the long distance service on your home phone or do you have built in cellular long distance you pay for but do not use? Another area worth reviewing is your banking habits. Unlike days in years past, people are (Ragavan Sreetharan) finding benefits in not staying with banks for longevity. Consumers are looking for service, convenience, and savings. Additionally, the modern day internet has changed the face of banking services available. These are six tips that can save you money on unnecessary banking and transaction fees:
4. Balance your debt elimination with saving hidden banking costs. Transfer your money to a high-interest online bank. Many only require a dollar to open an account.
5. Find a bank that offers free ATM withdrawals. If you use an ATM regularly and you are charged to use your own money, it’s time to change banks.
6. Order your own checks on the Internet and not through your bank. You can find the same check online for about half the price. All you need is your account number and routing number.
7. Close accounts you no longer use. Inactive accounts are usually charged fees after 90 days – why give your money away?
8. Set up direct deposit of your paychecks. This can often be split deposited to 2 or 3 accounts and saves associated fees if you fall below minimum balances.
9. Balance your checkbook, since banks do make mistakes. Finally, maximize your own treasures. There is still truth to the saying “One man’s junk is another man’s treasure”. (Ragavan Sreetharan) There may be other places you can find money you may not have thought about. You may have valuable dollars sitting around your house of which you are not aware. Determine what you may have in your house that can be of use to someone else. Search the internet as well as local phone books. Here are 5 Tips to Find Hidden Money by Utilizing Consignment, Other Re-sale Shops, and eBay:
10. Identify CD re-sale shops in your area. Many take CDs, DVDs, and may go from $4 for 2 years or younger, to $3, to $2 for older. But if you have 10 or 50 CDs to sell, that is potentially $20 – $200 you can put towards a bill or savings.
11. Identify, furniture consignment shops. Often you create an account and get 50 percent of the sales price. There are also consignment shops that increase the percentage paid as the amount increases (60 percent for over $50 for example). If the furniture item is heavy consider taking a photo to show them and most have pick up available for a small fee.
12. Identify books re-sale stores or other consignment shops in your area. A high-school collection of English Literature classics or hobby instruction books, classic cookbooks, or other items are great items to sell at face value if you can find a shop like this in your area.
13. Find a computer re-sale store. There are also computer re-sell shops; eBay is a great place to sell a computer or collectibles you may have.
14. Check out your local antique or collectible districts. Pick up any free papers that may have want ads. Coins, baseball cards, dolls, can be sold on eBay if not at a local antique or collector districts.

Raguragavan Sreetharan – There are many more ways you could find to save money but these can get you thinking. It might be an enjoyable exercise to take an average day or week and see where you can cut expenses that you have become accustomed to by habit. Test yourself and see how much you can save.