Money Savings Tips

Investments are all good and well, but saving money is more than just depositing money into an account every month. The more you can save in you day to day life, the more disposable income you will have available. These funds can then be deposited into your existing investment portfolio and then your returns will increase exponentially. So below are a few sensible saving tips that are easy to follow without having to live like a pauper.

• Get a slower internet connection. Unless you work in IT or some other occupation that requires a truly high speed internet connection, there is no need to have a “top of the line” internet connection. A slightly slower speed costs significantly less and the browsing capabilities are barely noticeable.
• Bank online. This will reduce your banking costs significantly and it will save you a tremendous amount of time and effort.
• Save electricity! Ignoring the national power crises for a second, think of all the money you can save by using electricity wisely. The pool pump, the geyser, lights in your house and air conditioners. These are all things that most people use excessively that can cut your utility account in half. Be mindful of how you use energy in your home.
• Drive your car for as long as you can. Avoid buying a new car before you have paid off your current vehicle. Drive it for as long as possible and you will save a fortune on interest.
• Don't join a gym. This may sound strange but the bulk of people that take a gym membership, never use it. Most gyms will offer you a free month. Try it and see if you go as much as you originally planned before signing away a huge chuck of change every month for something you never use.
• Try and buy generic medicines and groceries. They are often similar in taste (groceries) as the brand name product. And medical aids will usually only pay for generic medicines.

This list outlines some basic steps to trim your day to day expenditures. These little things can make a massive difference in your life and increase the amount of income left at your disposal at the end of the month.