Modern Ways Of Saving Money: 3 Tricks That Can Make You Rich

September 7, 2010 Leave a Comment

The habit of keeping a certain amount of money for future use, or savings has always been a way of life for those who truly believed in saving to create a better future.

However, as time goes by, more and more people find it hard to save money. They contend that saving is no longer a way of life but a resolution that they have to strictly adhere to just to salt away some amount of money.

Some people even insist that it is no longer possible for a person to save more money because most of them are already living paycheck to paycheck. With all the high-prices of commodities these days, saving more money is no longer workable.

But the point is that people can indeed save more. How? Here is a list of some modern ways that will let you save more money:

1. Save some percentage from your salary

Prudent money savers will take at least 30% off their basic salary each month and stove them away somewhere. The idea is that we will always find a way to spend everything we own, sometimes more, as such stashing away the money will force us and limit us to smaller expenses.

2.Paying everything in cash, not credit

Credit facilities and credit cards are no doubt a very popular and comfortable way that most consumers choose to live, in fact it is so extensive that the average household will owe their credit cards as much as $7000, and have been paying an extra $1000 on interest alone each year. With the convenience of credits, they just forget to keep track and will no doubt spend more than what they can really afford.

3.Goals setting

Goals setting is a powerful tool when you use it wisely, as such when you are setting goal, do not be fickle-minded about it and be specific. Instead of saying I want to save around $5000 in a year, you should be saying I want to save $5000 in a year. Set your goals based on your priorities and also make sure there is a deadline for every goal set.

With that said, savings is not just a resolution, or a way of life, it is about getting the best gratification for the fruits of your labor.

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Filed Under Environment Tagged With education, Environment, family, Finance, Green Business, investment, money, money saving, money tips, personal finance, save money, society

Save More Money On Your Utilities

August 28, 2010 Leave a Comment

One of the items that you will no doubt need to pay at the end of the month in order to keep surviving is your utility bills, and that is for good reason as nobody wants to live without them. However, that does not mean you cannot find ways to lower them, and this article will tell you how.

If you prefer to pay a set amount of money each month for convenience on your budget wise, you can actually seek for payment plans that charges you a set amount of money based on your past 12 months usage. This way you can expect to pay the same amount of money every month, and any excess will be tabulated at the end of the year to be paid by then.

Do you know that you consume more energy than normal when you use hot water instead cold water? Not only hot water can raise your water bill, it also involves your gas and electricity! Be a smart user and choose to use cold water instead of hot ones when possible.

As technology advance, there are many electrical goods and items that can tremendously help you with your utilities bills. One example is your refrigerator; choose those that have auto power save to lower the cost of living, although initial investment is high, it should be reflected in your bill after a year or so, and effectively paying itself off.

Although you are advised to not spend too much time in the shower, we still like to pamper ourselves once in a while. If you are one of those who like spending time in your shower, do consider installing faucet aerator which actually helps regulate the flow of your shower head and promote more efficient water consumption.

One more money saving tip on your bills is to make sure that your house do not have a leak window and that your house is fully sealed and shut when you want them to be. The energy cost will no doubt go up when you have a leaked window when you turn on the air conditioning, as they need more power to get to the desired temperature that you have set. As such check around the house to make sure that you are using your electricity efficiently.

Lastly, always check your bills for usage to have a good idea of whether you’re actually using so much without realizing it. Look for areas where you can cut down on usage when possible.

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Filed Under Environment Tagged With budget, Environment, family, Finance, finances, money, money management, personal finance, saving money, Social Issues

The Money Saving Benefits Of Solar Panels

August 22, 2010 Leave a Comment

Energy prices have risen higher than ever in recent years, and forecasts suggest they are set to rise higher still. Amongst household expenses, heating and lighting your home can often be the highest bill. Increasingly people are more aware than ever before of their CO2 emissions and the environmental impact of nuclear power.

Investing in solar power is a great way to tackle the problem of soaring energy prices. Solar PV is solar photovoltaic power. Solar PV panels create energy for your home or commercial building by translating sunlight and the suns radiation into energy, which can cover most of your household needs.

Energy bills are set to rise by up to 60% every year for the next decade, so there has never been a better time to invest in solar technology. Solar PV panels will cut your household bills significantly, allowing you to generate your own power. Should you decide to sell your house, installing solar power can add 1% to the final selling price.

As of April 2010 solar power users have the chance for even bigger financial benefit. The tariff gives users the opportunity to sell the utility companies the surplus energy generated by their solar panels, at a higher rate. So for the rate of 36p per unit, you can sell your unused energy back to the national grid, for example if you go on holiday.

To set up your own solar PV panels in your home or office requires only a one off purchasing price and installation fee. However, the panels will significantly lower your household bills, lower your CO2 emissions, and even give you the ability to make money off your excess energy, and the panels themselves require very little maintenance. With the energy prices rising, there is no better time to invest in solar PV panels to reduce your household costs.

Find out more about solar pv panels

Filed Under Environment Tagged With electricity, Environment, green, green energy, home electricity, home power, money, power, renewable energy, solar, solar electricity, solar pv panels, utilities
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