rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Want to save money? Read these tips

Want to save money? Read these tips

Last updated on: May 20, 2011 10:09 IST

Want to save money? Read these tips

     Next

Next
bankbazaar.com

You don't have to play Uncle Scrooge to be penny wise and hoard for the future.

The journey is the key. We will discuss how to exercise a bit of restraint in a number of small-yet-effective ways, so that you can maintain your lifestyle, discover new and better habits, as well as save along the way.

Where do you actually spend your money?

Typically, if you are an earning member of the family, and assuming that basics have been taken care of, then your outlay will range over expenses to do with food, entertainment and shopping.

Click NEXT to read more...


Image: There are many ways to cut spending.

     Next

Want to save money? Read these tips

Prev     Next
Prev

Next
Eating out

When you eat out, you expect high standards in terms of quality, ambience and service. So how do you make the most of it?

Try eating out at lunch instead of dinner. There are some great deals and great value to be had at lunch time set menus and buffets.

Ask suggestions from friends and relatives. The best bargains are usually discovered by word of mouth.

Enjoy a drink at home before you head out to the restaurant. This is a good option if you want to cut your bill by half.

Click NEXT to read more...


Image: Try eating out at lunch instead of dinner.

Prev     Next

Want to save money? Read these tips

Prev     Next
Prev

Next
Cash in your vouchers. Many places offer deals on meals - scope local magazines for the latest on what's hot, when.

Eat out in a group. It will be more cost effective.

Many restaurants offer discounts to prospective customers via SMS. Read your message carefully before discarding it.

Order an appetizer as a main, or split a main course with a friend. Ditch dessert.

Skip the fancy places and check out the neighbourhood dhaba.

Click NEXT to read more...


Image: Eat out in a group.

Prev     Next

Want to save money? Read these tips

Prev     Next
Prev

Next
Be sure to ask for a doggy bag for anything you can't finish. Leftover restaurant meals make great lunches for the following day.

Fill up on the extras. Snacking on the complimentary peanut masala or bread sticks means more of your meal will go home with you. And to complete the experience, drop by earlier to identify the best table, reserve in advance and don't forget to tip well, so they remember you the next time.

Or you could just forget dining out and order in.

Click NEXT to read more...


Image: Fill up on the extras.

Prev     Next

Want to save money? Read these tips

Prev     Next
Prev

Next
Entertainment

Check your paper and local magazines for events in the city. You will be surprised at the number of cultural, literary and spiritual happenings that occur on a weekly basis, and a lot of them for free, or a fraction of the price of your movie ticket.

Indulge in a hobby. Not only will you learn something new, or revive a past craft, but you will also derive satisfaction from it and meet new people at the same time.

Click NEXT to read more...


Image: Look for local events, such as theatre.

Prev     Next

Want to save money? Read these tips

Prev     Next
Prev

Next
Rediscover your city. Whether it's the local park or library, or a visit to a museum or an architectural site, revisit places you'd taken for granted until now.

If you can, catch a movie on a weekday. Ticket prices could be cheaper for morning shows, Monday to Thursday.

Entertain at home. But be smart about it. Suggest a pot-luck and BYOB, throw in a good movie and you have the makings of an excellent evening with friends.

Click NEXT to read more...


Image: Visit a museum.
Photographs: Reuters
Prev     Next

Want to save money? Read these tips

Prev     Next
Prev

Next
Shopping

Go generic. Don't always opt for branded products. There are savings to be had when you choose the in house store brand, to a national one.

Buy in bulk. This saves you money if you shop smart and buy those items that have a longer shelf life.

Don't shop when you're hungry. Avoid the ready-to-eat trap. They are expensive and not healthy.

Don't shop with the family. If you have young children, all those extra goodies will add to your bill. Try discount and seconds shops, and the factory outlets.

When shopping for clothes mix and match.

Click NEXT to read more...


Image: Don't always opt for branded products.

Prev     Next

Want to save money? Read these tips

Prev     More
Prev

More
Online shopping

Shop online for bargains. You save on the cost of the product, as well as on petrol, by shopping through the Internet. However take care not to compromise to security.

Here are some tips: Shop from a secure computer which has up-to-date anti-virus and security features. Use only specific trusted sites.

Try alternative payment methods. like a virtual card, which is a one time card with a specified credit limit that you need to use within a specified time frame, usually 24 hours. Or try a prepaid credit card.

Go ahead and adopt some of the ways suggested above and optimize your resources for maximum fun.


Image: Shop online for bargains.

Prev     More

Powered by
BankBazaar.com is an online marketplace where you can instantly get loan rate quotes, compare and apply online for your personal loan, home loan and credit card needs from India's leading banks and NBFCs.
Copyright 2013 www.BankBazaar.com. All rights reserved.