Thumb Rules of Cost Cutting
Ξ February 4th, 2008 | → | ∇ finance |
To save money first and foremost thing that you can do is:
Make Budget- Determine those areas where spending is unavoidable like utility bills and then make a ceiling for that.
Planned shopping- Take a list of items you need along with you to the departmental stores. Convince yourself not to divulge in impulsive buying.
Set your Priorities- Your list should have the items which you need and cannot do without them. Chuck out extraneous requirements.
Out of Budget- There should be an allowance for indulgence. This way your entertainment would be on budget as well.
Make Realistic Ceilings- There should be an upper limit of your spending as well as savings. But don’t promise yourself moon and stars. Your target should not be beyond your reach.
Exceptional Cases- Keep room for sudden expenses like accident or illness
