tips to save money in regular life?

[johnt78]

Saving money doesn’t have to be a tedious mission. From shopping at lower-end grocery stores to curbing those addictive vices, our finance expert shares simple tips to help you save money every day.

[snafu]

I'm repeating disciplined saver's process...Pay Yourself First. Make arrangements with your bank/CU to transfer 10% of every deposit, no matter the source to a linked savings a/c. You will need to reduce current spending immediately. If you live beyond your means, you're piling on debt. Perhaps you can't afford your apt, car, cable, eating out, entertainment, clothes etc. Lower your standard of living or bring in a roomie to reduce housing costs for example.

[Eagle]

I am not able to do savings as per i have planned. So can anyone suggest me that how to save money in our regular day to day life?

*Pay Off Large Purchases Faster
Putting an extra $100, $200, or $300 towards you car loan or mortgage will drastically reduce the interest you pay on the loan over time. We pay every two weeks (or bi-weekly) our mortgage so instead of 24 payments we pay 26 payments in a year. We also pay an extra $120 every month towards our mortgage. This can mean saving thousands of dollars over the life time of a loan.

*Buy Quality
Buying quality products that last longer is a good idea. As an example I used to buy Polo shirts for work around $15. They didn't last long. These lasted for say 2 years. So $15/2 = $7.5 a year. Now I buy $25 shirts. While they are more expensive they also last a lot longer. These last about 7 years or so if taken care of properly. $30/7 = $4.29 a year.

*Buy Older Technology
When we buy technology on the other had we try never to go for the latest model of a TV set, cell phone, etc. Older models are often just as good as the new ones but are a better value. By buying the latest model you are paying a significant premium. We bought iPhone 4s's (for about $99) when the iPhone 5's ($300+) were out for example.

*Buy used vehicles
Buy a one year old car instead of a new one - let somebody else loose the value. Or, buy an older model right before or after a new model has been released. The value of a vehicle typically drops dramatically in the first year. I'd buy a 3-5 year old car personally if I were to buy used. The devaluation of the vehicle would've become more stable.

*Be weird, it’s cool.
Ignore the opinions of poor people or those with lot's of debt. Live like no one else today, so that you can live like no one else in the future. When people that don't know how to handle money think you're crazy you know you're doing something right. Being weird is cool. Being in debt up to your ears is not. Spend less than you make. Don’t keep up with the Jones’s. Or is it the Kardashians these days? Don’t have the latest model phones, TV’s, cars, or toys. Have money in the bank. Save for retirement, create a will, and buy life insurance. If it is available consider public transportation (train/bus) instead of driving a vehicle.

[Whass1956]

One of the golden rules of financial planning is to clear your most expensive debts first, in other words your credit cards. OK, credit cards offer a convenient way to pay for goods and services but if you can't clear the balance every month, consider a low-cost loan as an alternative.

[YolandoAmaya]

Following are the simple tips to save money on regular life:
Minimize your cable/satellite TV and internet packages.
Reduce the amount of dine out.
Buy groceries in bulk.
Teach your kids about money.
Check prices online before buying it online.

[GeorgetteSpurling]

There are various ways you can choose to save money in your daily life like to make a budge, Clear all debts as soon as possible, cut extra expenses, reduce your phone call bills etc.

[budgetingtech]

you can easily cut off your expenses to save money on regular basis but for all that you need one thing and that is DETERMINATION. First thing, your saving goals must be challenging like if you can save 8%-10% of your earnings on monthly basis, set target of 15%. This way whenever you will think of spending money ,,,the bell will start ringing in your mind. You will have to do some efforts in the start and gradually saving habit will be developed and unintentionally you will start doing cost-benefit analysis whenever you will spend your money.