Save Money Make Money: Episode 4

Concept 4: Look at All Your Bills Carefully

You have to pay lots of bills these days. You get bills frequently for the items like:

• Mobile telephone
• Land line telephones
• Electricity/power
• Water
• Cooking gas
• Equal monthly instalments (EMI) for loans taken for vehicle, house etc
• Property tax

etc.

Go through these bills for their amounts carefully. If you see an upward trend in the billed amounts, that definitely raises the alarm. Even if they are not going up, you have to think in terms of how you are going to cut down the billed amounts in the next bills.

You will have do a bit of cause and effect study. By this, you will be able to find out the causes of unnecessary consumption. Go in to their details and work out the solutions to consume less of those things.

Start with an aim of reducing bill amount by 10% and achieve it in the decided time line. Then, become a bit more ambitious and try to achieve another 10% cut and so on.

You will see amazing results in your savings. Best luck.

Also refer: http://home-tips-tricks.blogspot.com/

Save Money, Make Money: Episode 3

Concept 3: Make Do With Less

As a starter, decide to do with 10% less of everything than you are at present used to. Do this particularly with those items that seem to be non-value adding items. For example, decide that you will save 10% of edible oil consumption. Consuming excessive oil is not really good from health point of view (that's why it is non-value adding). Having decided, now start thinking about ways and means of reducing the oil consumption by 10% and implement them. Then increase it to 20% and then to 30% and so on.

Do the same with other items of this nature.

You will amazed to see the savings you start making. Start now.

Also refer: http://home-tips-tricks.blogspot.com/