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How much you earn a month, doesn’t matter. Most important thing is how much you have saved for your future. Saving means income, so from today start saving a small part of your earning. Here we have different ways to save money. Even though it'll not change your life all of certain but it can bring big differences if you implement them in your life.

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General Saving Tips

  1. Build an Emergency Fund: Sometimes small saving can diminish your big problem. The emergency saving fund is best for low-income families. As per the research, Low-income families saving at least $500 in the emergency fund have better financial option comparing to a moderate-income family with less saving.
  2. Establish your budget: Most of us have the problem with overspending. When you don’t know how to manage you're earning then surely you’ll hit the problem in coming days. So, it’s time to begin. On the first day of the month, get a receipt from everything you’ve received. At the end month, calculate all the money you have spent then you’ll surely find out in which place you need to control your money.
  3. Make a saving plan: People with the saving plan are more likely to be successful in future. There are peoples who became rich through their wages only. It’s really surprising, is it really possible? So set your goal and make a plan to achieve success in your coming days. People of young age with the saving plan are happier during their retirement days.

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Entertainment Savings Tips

  1. Take advantage of your library: Modern technology has revolutionized the world. Even libraries around the world are using advanced technology. Nowadays, you don’t need to visit the person for books, libraries are offering e-books. They even loan books with minimal charges. You can also borrow tools like a sewing machine. So, you can easily save a small portion.
  2. Enquire for unadvertised theatre ticket: Check through mail and call, whether theatre nearby is offering an unadvertised ticket or not. Most of the theatre offers seats for adults, a youngster with a minimal offer. Sometimes they also offer a rush discount, before the show.
  3. Volunteer at a local festival: Be active and participate in cultural festival and events as they offer free admission to program volunteer. Enquire about the event you are interested and contact the event organizer to ask about volunteer opportunities and benefits.

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Banking, credit and Debt Saving Tips

  1. Use only the ATM’s of your bank or credit union: Most of the time, people use the ATM and credit card of another financial institution. At that time that doesn’t seem to be a big deal.  But if the bank is charging about $3 dollar per transaction then it would be $150 per year. Wasting about $150 just for nothing is really costly.
  2. Pay all of your bills on auto-pay: Paying your bills and loan on time could save your money. Make ensure that you pay your bill on time, in order to avoid late fee or fine. Many loan companies and banks offer small portion of deduction or discount if you pay the bill on time. So it’s better to choose this option for better savings.
  3. Start with a goal of reducing your credit card debt by just $1000: Deducting $1000 debt would probably save your $150-200/year in interest. You can save more than that if you’re paying plenty rates of 20-30 percent.

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Food Saving Tips

  1. Brown bag your lunch: Every year, we spent lots of money for food. Brown bag your lunch is best option to save money on your food account. At work, your lunch may cost $5 but carrying lunch from home could reduce half of its cost, that’s $2.5, then in a year, you can save about $500 or more for your emergency fund.
  2. Save money and time by doubling the recipe: If you are making a family favorite, then just double the recipe and freeze half of its portion for next. That will surely save your time as well as money. While making two meals, you’ll surely use fewer ingredients and next thing; you’ll use less gas while cooking.
  3. Make an advance list while grocery shopping: It’s obvious, people who do shopping by making a list will probably spend less amount of money compared to those who decide to buy on the spot. Most of us plan to buy when we get into the market. So, make a list and stick to it that easily save hundreds of dollars in a year.

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