What are some of the best ways to save money?

[Good-Person]

Saving money is very important if you want to become successful or if you want to have enough money in the end to start a business. So, what are some of the best ways to save money?

 

[Salt]

We need to only buy the things that we really need and should buy those things in bulk that have higher shelf life and these are some of the ways to save money

 

[Good-Person]

We need to only buy the things that we really need and should buy those things in bulk that have higher shelf life and these are some of the ways to save money

Not all the people could buy in bulk. This is because there are many people who have a really limited amount of money in the first place.

 

[Salt]

Its our choice and yes we all have a different mindset and ways to save money and I prefer the bulk purchase method

 

[Bisolami]

Its our choice and yes we all have a different mindset and ways to save money and I prefer the bulk purchase method

Same here
That is also what I do because we get things at cheaper rate when we buy in bulk.

 

[Salt]

There are things that have no expiry date or have very high shelf life and can be stored easily so we can go for its bulk purchase

 

[Kane]

In my experience, food is the biggest contributor to your expenses, the second biggest contributor is rent. If you can minimize your food and rent expenses, you will be able to save a lot of money. You can cust food bills by opting cheaper foods, growing your own foods, and eating home cooked foods. You can cut your rent by moving to cheaper locations

 

[Debashis]

Some ways to save money include creating a budget, cutting back on unnecessary expenses, shopping for deals, using coupons, cooking at home, and saving a portion of each paycheck. These methods will definitely help in saving a lot of money.

 

[Grant]

Save in a credit union or bank account, maybe multiple accounts so you collect on interest. You could also save money in a safe, or hidden location. Of course this way, you don't make any interest on that.

Don't spend money on things you don't need, spend it only on necessities and needs.

 

[saoussen57651]

Save in a credit union or bank account, maybe multiple accounts so you collect on interest. You could also save money in a safe, or hidden location. Of course this way, you don't make any interest on that.

Don't spend money on things you don't need, spend it only on necessities and needs.

Multiple bank accounts means one thing multiple fees applied on all of these accounts and it is not suitable for someone having low budget or to save little money he could even save such money at home and avoid banks.

 

[Good-Person]

Some ways to save money include creating a budget, cutting back on unnecessary expenses, shopping for deals, using coupons, cooking at home, and saving a portion of each paycheck. These methods will definitely help in saving a lot of money.

Creating a budget is one of the main challenges. This is because you may need to make sure that you do not end up creating a huge budget because if you end up creating an incorrect budget plan, then you may end up spending more money as well.