subject: Top Techniques To Stretch Out Your Wage [print this page] Top Techniques To Stretch Out Your Wage Top Techniques To Stretch Out Your Wage
Everyone battles with their finances at the end of the month or just before payday. Most months you could find that you just about scrape through, which could mean that you have to dip into your overdraft or savings, which could be costly.
So, How Can You Save Those Pennies?
Make Sure You Don't Spend Your Pay All At Once
I know this tip does seem quite obvious but nothing beats that feeling when you get your pay into your account. It is definitely very appealing to splurge all your pay on a shopping spree, but this can be risky because you might leave yourself in a tough situation if an surprise expenditure pops up.
Savvy Shopping
Something that does take out quite a lot of your budget is shopping for necessities. Don't panic though, there are a few ways to make sure that your money lasts longer. Many big stores have customer loyalty cards where you can get points or rewards for spending in store. In many cases you can earn bonus points for particular products, so these are well worth keeping an eye out for.
Be conscious of smart product positionings designed to tempt you to purchase more than you need. A way around this is to make sure you make a list and stick to it. Also going on a full stomach is always a good idea, as shopping on an empty stomach is just asking for unnecessary purchases to be made.
Be Wary Of How Much You Are Spending
Keeping a spending budget is a great way to keep on top of your spending. To ensure you are not overspending, try to set out a budget at the start of the week, or month if you are feeling more bold. Also, when you get your pay packet, in the first week, why not try paying off all of your big expenses, like rent and bills before you think about buying anything else. It's probably a good idea to also keep some of your money aside in case of emergencies, but if your salary still doesn't stretch out, it might be time to cut out on unnecessary expenses.
Cut Back On Your Fuel
Things are certainly dismal right now relating to petrol charges, but I am sure most of us are guilty of jumping in your car when we could easily be saving cash and fuel by walking or using our bicycles. So, it's high time that you ditched the extra journeys and save your cash.
Be Careful With Automatic Renewals
With things that renew per year, it's usually a good approach not to always accept the quote that you are automatically given. Companies that offer things like health or car insurance appeal to our laziness and offer a new price that isn't competitive, so by checking the quote, you might be able to get a better deal.
Get Rid Of Subscriptions You Don't Use Anymore
This mostly relates to gym memberships, but it can apply to any monthly subscriptions that you simply aren't using. It's all too easy to tell yourself that you will certainly go, but if you honestly know you won't, it is money that you could be saving. It's better for the money to be in your pocket instead of theirs! Other common ones are magazine subscriptions and DVD rental memberships.
Seek Out Products On Sale
To try and help you get a better price in the future, try buying things in bulk as many supermarkets can provide attractive reductions.
Consider Free Things To Do
I understand that it does seem like you have to spend a lot of money to do anything, but not everything needs to involve you spending money. Why not go for a walk in the park in place of a shopping centre?
You could even save money by having friends over to your place each bringing a dish, instead of going out for a meal.
