Monday, January 7, 2013

Money Saving and Personal Finance

Many people in this generation are in trouble and much concerned about money and on ways to save it. There are a lot of people who are spending more money when compared to their income and they lack financial knowledge. There are lots of ways to save your money and with the exception of any emergencies which can be used in critical situations. The most common way to save your money is to plan before making the deals and expenditures. Most of you might have made a New Year resolution to save money and stay stress free during emergency situations.
Here are some tips help you to save your personal finances that require proper planning prior to your expenses and can save for emergency needs.
  • Food & Shopping: There are lots of things need to be planned before buying or purchasing anything. This goes with food and shopping. Many people spend a lot on shopping as there are different things which are unnecessary and excessive. You should try to avoid those things and make a difference in your savings. Also you should check on food as there are a lot of luxuries. Every time when you make an outing try to plan your expenses.
  • Personal Expenses: These include personal and emergency expenses. There are lots of things to be planned before every expense and some people don’t follow which leads them to unwanted situations. You need to look on everything for your savings from cable provider to your utility bills. Always compare your prices and packages with your plan operator and by this way you can save on your expenses which are unnecessary.
  • Automotives: This is also an important area where your personal finances matter. Always make sure that your car parts are working properly especially the air filter and spark plug as with this you can save more. Also you need to look at the speedometer and avoid driving fast as this saves fuel and money. There are a lot of new cars which decrease their power and mileage in first two years. You just need to maintain the vehicle and see the change in the savings.
  • Entertainment: There are many ways to spend on entertainment and you should always look for offers and discounts. You can go for memberships which saves a lot of your money. Many people subscribe entertainment magazines which are such a waste of time and money, if you want information regarding anything you can take help of internet and it saves lots of money. Wasting money on DVD’s of your favourite movies is also the same instead of buying you can watch it online for free.
  • Household: This is also other important issue you need to look on as you need to purchase electronic appliances by their power saving ratings. By this way you can save lots of money as well as electricity. You also need to check with the daily used appliances as switching the TV, PC or your coffee maker. If you are going out, turn off all these appliances which save a lot of electric power and can also control your expenses.
About the Author:
This article has been posted by Maria, a professional content writer and blogger who is writing articles on
PPI claims and shows keen interest in finance. You can reach her at finacneport