What are your top five tips to save money?

[You]

What are your top five tips to save money? Are they setting a budget and tracking expenses, cutting back on unnecessary subscriptions and habits, taking advantage of sales and discounts, investing in long-term value, or something else entirely? Share your most effective strategies for building a safety net and achieving financial stability!

 

[Sanjeev]

Here are my five ways:

1. Save electricity
2. Save wastage of water
3. Reduce eating out and going out for entertainment.
4. Reduce extra expenditure
5.Make budget and spend as per plan

 

[Stardom22]

The most that l use is cooking my own food and use the most affordable source of fuel like the wood.

 

[nomad]

deduct at least 10 percent form your income and put the money in a saving account, after some months, withdraw money from saving accounts and start investing

 

[King Belieal]

For, me I believe that cutting back on things that don't enhance your financial life is the best strategy to save money.

 

[cherry123]

Do it yourself is one for me as I save money. Biking instead of taking public transport. Eating healthy meals to avoid falling sick.

 

[Fidelia]

For me, emergency funds are non negotiable. They save me from falling into unnecessary debts in emergency situations.

 

[Passiveearner]

For me, emergency funds are non negotiable. They save me from falling into unnecessary debts in emergency situations.

This depends on what you call "emergency funds". Many people do not even believe in this concept and they tend to have a different savings plan.

 

[freelancermaria]

1. Prepare home-cooked meals and avoid eating out as much as possible.
2. Turn off appliances that are not in use.
3. Buy in bulk if possible.
4. Conserve water.
5. Adopt the “savings first” approach.

 

[cherry123]

You just have to find out the hacks that works for you. Do things yourself, trek if you can.Buy things in bulk. preserve what you have to save money

 

[Stardom22]

Trying to wisely spend your money by sticking to your budget and embrace on the saving.

 

[eldavis]

For me it's just simply cutting my coat accordingly to my size. I make use of what I have and I manage it.

 

[Ratine]

Avoid luxuries, live within your means, control your mode of spending and embrace saving for that matter.

 

[Rubz]

My top five tips to save money are;
- first of all, avoid buying on impulse
- avoid carrying a lot of cash on you - avoid borrowing or only borrow when necessary
- always try to be consistent with your savings
- always stick to your budget.

 

[Kerryjoy]

By using all the resources wisely and disciplining yourself on how to spend money, especially on luxurious things and yet you are on a budget and investing as much as possible.

 

[Hate2Wait]

I follow most of the ways to save money and don't like to waste anything and even try to look for ways to reuse and recyle things and save the environment too

 

[Springtime]

I put a portion of my earnings into a fixed deposit account every month; I always look for good deals such as buy one get one free; I join free loyalty program which rewards points which can be converted into cash when you make a purchase; I use credit card to get cash back. I never paid any interest for the credit card because I paid the bill on time. And, I never spend more than I earn.

 

[Ratine]

-Economize on the daily basis needs
-Minise spending on the luxuries
Leave the most frugality life and make some savings.

 

[Passiveearner]

I save money by purchasing necessary items only. I always avoid purchasing items that I do lot need at all.

 

[Hate2Wait]

We should compare prices before buying, should recycle, look for bank offers, if possible buy in bulk and also look at cashback related offers