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Be in control of your finances. Here are tips on how you can put something aside for a rainy day
IT doesn’t matter how old you are, what you do or where you work — we are all trying to find better ways to save. Thoughts and considerations about money are always at the heart of our decisions and actions.
As it is, necessary monthly commitments like bills and car or home loans are already a challenge.
Life is fresh, new and exciting and the world is your oyster. You want to live it up but sometimes, you don’t even have enough left for that year-end trip to Bali with your friends.
What about unexpected emergencies? If your car breaks down and you need money for repairs, do you have extra to spare? If you are not careful with your finances, you will soon be saddled with credit card debt and endless loans.
While it’s cool to spend and be up-to-date with the latest fashion trends and technology gadgets, it is much cooler to be in control of your finances.
Want some tips on how to manage your finances? Begin with the small areas. Most importantly, start somewhere.
Here are five simple ways to cut down unnecessary expenses and save money for that getaway with friends.
1. FUN WITH FASHION
It’s the weekend and you are walking past shops wondering if you can afford to buy any of those lovely shoes and clothes. Don’t be fooled or pressured by the fast-moving fashion scene.
Fashion constantly changes, every two to three months. It can be costly if you want to keep up with the latest trends.
Here’s an idea: How about recycling old items into new, fashionable ones? With a pair of scissors, a glue gun, needle and thread as well as some creativity, you can transform old garments into the latest fashion items. For ideas, watch fashion reality shows and get some inspiration.
2. HOME AND HAPPY
Your home is your nest, comfort zone and personal sanctuary. It should not look dull and empty. It is nice to have bean bags, paper shade lamps, lava lamps, wind chimes, photo frames, key holders and other household accessories.
But before you head out on a big shopping spree, try a fresh coat of paint, buy cheap photo frames and insert creative pictures as part of your decoration. Changing the position of furniture can help create a different ambience in the home environment. Line up tea light candles to create a cosy feel.
Not only will these small projects save you money but they also give you the opportunity to spend quality time with your loved ones.
3. SNACK SMART
It is 4pm in the office and your stomach is growling. It’s time for tea break. You’re thinking of making a trip to the nearest mamak stall to get a quick fix. Stop. Think again. Not only is the food unhealthy but it can be expensive if the bingeing is a daily habit.
Next time, spend an extra 10 minutes in the morning before leaving for work, to whip up quick and easy snacks that not only saves money but are healthier choices.
Munching chips and eating chocolates in the office can cause weight gain and it is money spent unnecessarily.
4. CAR TIPS
Car maintenance is important. Don’t compromise on safety. Aside from car instalments, fuel and toll charges are secondary costs which can burn a hole in your pockets.
There are ways to be fuel efficient. It’s not difficult. Drive smoothly and avoid idling, over-revving and speeding as these can make a huge difference in making your tank of petrol stretch further.
5. TYRE CHECK
Do you know that 20 per cent of fuel consumption is due to the condition of the tyres? Tyres are the legs of your car. Checking of car tyre pressure should be conducted regularly to avoid under-inflation which can be the main cause of wear and tear.
Always ensure your tyres are inflated to the right pressure. For a start, shop around for tyres that offer value for money and the best safety.
Goodyear Assurance Fuel Max tyres with fuel—saving technology provide four per cent greater fuel efficiency and 15 per cent longer mileage than conventional tyre technology.
With the Goodyear Assurance Fuel Max tyres, you are assured of value-for-money tyres for maximum fuel efficiency and tyre protection.