We unconsciously throw away money on a daily basis and this in turn leads us into a nasty and unforeseen financial mess. It is relatively easy for your daily budget to spring some leaks that can be easily overlooked. I’d like to believe that you will have the correct mindset about budget planning and how to block excess or minor leaks in your budget after reading this article about Best Way To Save Daily & Monthly Effectively.
Remember, an extra 100 Naira saved in your bank account is an extra 100 Naira, regardless of how small or how it got there.
- PACK YOUR LUNCH FROM HOME
Making your lunch from home would save you a whooping N120,000 Naira yearly, if you buy lunch at work at 500 Naira from Monday’s to Friday’s. That is enough cash to buy a plot of land in Ibadan, and also enough to be kept in a treasury bills investment, which will in turn generate additional returns for you.
- MAKE DETAILED SHOPPING LIST
Whenever you make a detailed list, you will be afforded the opportunity to pen only the important things which are your “needs”. Not making a detailed shopping list will only throw you off budget by purchasing what you think you “want”.
- TAKE YOUR TIME WHEN BUYING
It will help you make better choices : Don’t be in a haste to pick and pay. Take your time to check prices, as you may find a better and cheaper brand. There are a lot of products out there that are not as good, and we still get to pay a fortune for them. We often pay for the brand and not the product, so learn the difference by taking your time to make better choices.
- USE DISCOUNT CODE
A lot of people miss savings opportunities by not using discount codes. I used to be guilty of this until I realize how much I could save by using discount codes. I’ve once written down my savings on discount codes for a year, and I was surprised to have raked in over 60,000 Naira.
- DON’T WASTE MONEY ON ATM FEES
Try to always use your bank: The automated teller machine usage fees might look so little, but it would also be better if it’s sitting pretty in your account. Every cent you save counts towards a bigger buck, no matter how little.
- DON’T RUSH TO BUY NEW THINGS
When the old one breaks, get it fixed. Have seen a lot of people throwing away or giving out irons, fans, mobile phones and lots more whenever they are bad, when they can save money by fixing the old ones. It’s time to start saying no to the “buy now bug” and begin to say yes to “savings for the future”.
YOU CAN ALSO READ Get Rid Of Leaks In Your Finance
Remember ; financial intelligence is the gateway to riches