How to save money?

As a first step you balance your personal finances (including total revenue and total expenditure) this depends on your income, age and needs.

Remember:

+ More Revenues Less Expenses

          = $ $ CASH SURPLUS $ $

Multiplying the $ $ CASH SURPLUS $ $ for the different investments you can do, you could earn more and even become a millionaire.

Follow these tips ...

Eat at home: it is much healthier and cheaper than eating out.

Buy low, only the bare necessities: controlling your impulses take you to see every new product to the shopping market. Avoid falling into the trap of "promotion" that's just a ploy to increase sales of a product with the sole purpose of seeking financial gain to the supplier.


Buy everything you need in one visit to the grocery store or shopping center: it is important that you buy for example, all personal hygiene items that you will use for three months (remember that the price of goods rises with the passage of days) or you can buy all the clothes are going to use in a year (the fashion was imposed for fools).

Buy Wholesale: various products such as toilet paper and soap for the body are sold at low prices if you buy multiple units in a single purchase (per dozen).

Purchase discounted products: compare a product with the competition and has the lowest price without sacrificing quality (Do not buy brands, buy quality at low cost).

Take a shower as quickly as possible and avoid the hot water heater use it as little as possible or turn down the grades. Shut off water while soaping.

Avoid using your car or transport you in a gasoline vehicle a short distance, if it is close walk to work, school or university, will go down in weight and save money. 1 mile is a short distance. Use your legs!

Buy a device with multiple functions: Forget about buying a TV, computer, books, music, newspaper or radio. A mobile phone (smartphone) with various functions such as the Internet or storage of music is much more profitable than more expensive devices that take up much space. Still, a Smartphone is really expensive and incurs an expense, so it is not recommended for people with low purchasing power.

Read at day and sleep at night: Performs all activities necessary in the day to save electricity at night.

Get a job with higher income, spends most of the money saved in education, training or expertise in something, so you can have a better job or have other sources of income.

Lends money and charges interest: there are many people in need of money, provides loans to such people (I recommend that you pay money to people you trust). Although not trust too many people sometimes take advantage of trust and then turn a blind eye and do not get paid.

Exercising and eating healthy: it is essential, thus avoiding spending on health, and medications.

Saves 80% of your income: it is difficult but worth sacrificing the present to live a better future.

Try as far as possible avoid vices like smoking and / or alcohol.


Although I put it last you have to consider as a priority, always consult financial advisors, acquaintances who have investments in order, it must be rubbing shoulders with people who know (experts in the area.)