Engineer Your Finances

A Systematic Approach To Money

  • About Us
    • Disclosure
    • Privacy Policy
  • Contact Us
  • Toolkit
  • Security
    • Credit & Debt
    • Banking & Saving
    • Psychology
    • Other
    • Optimization
    • Education
  • Self Discipline
  • Improve Returns

6 Easy Tips to Manage Your Money Cleverly

Share

Managing your money doesn’t necessarily mean that you have to live frugally. All it means is that you should think and act and not splurge when it comes to using your money. Money management is not difficult once it becomes a part of your everyday life. Read on to know some simple tips that will help you to save money and thus manage your money well.

1.  Pay your bills on time

It is extremely important that you pay all your credit card bills on time in order to avoid late fees. Paying late fees is a waste of money.

2.  Cook at home frequently

Eating out at fancy restaurants or even ordering food home from restaurants can cost you a lot. Along with these frequent visits to fast food joints for a burger, hotdog or pizza can make your wallet considerably lighter. It is advisable that you cook at home as much as possible and pack lunch to workplace.

3.  Make a list before shopping

It is advisable that you make a list before you go out for shopping. In this way you can stick to the things that you need and not end up buying extra. In fact once you go to the mall and see so many things around you, you tend to feel impulsive. At such times you may even forget to buy what you actually require. Hence you better make a list of your requirements and carry it with you for shopping to avoid these.

4.  Do grocery shopping in hurry

It may sound silly, but it is true that if you shop in a hurry you don’t get to look around much and the urge to buy extra things doesn’t arise. When you go for grocery shopping, if you don’t have much time in hand you will naturally go directly to the counters where the things that you want to buy are available, and as a result you won’t see other products which you may feel like buying.

5.  Buy generic products as much as possible

There are quite a number of products for which brands really don’t make much of a difference. All you do is end up paying more for similar products just because it is from a known brand. When it comes to milk, cereals, juices and other similar items, try to buy generic products. Once you start using them, you won’t even find any difference.

6.  Try using public transport

This is a very good way of saving money. You should use public transport as much as possible. In this way you end up saving money on the cost of gas and also on parking charges.

If you follow the above money management tips, you will be able to live much more comfortably.

Contributed by Debtcc community member. You can follow us on http://twitter.com/debtcc

Comments

  1. krantcents says

    September 15, 2011 at 2:19 PM

    My wife routinely does 1-5. If she took public transportation, it would limit how much she bought. She generally shops locally so th ecost of using a car is nominal.

    Reply
  2. 20's Finances says

    September 17, 2011 at 6:21 PM

    Great tips. Surprisingly, I do all 6. Keep up the good work.

    Reply
  3. Valentina Wilson says

    July 13, 2020 at 12:14 AM

    Being well organized will save you money, time, and headaches. Take the necessary steps to craft your personal financial strategy and manage your money the right way!

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FOLLOW US

Join Our Newsletter
  Thank you for Signing Up
Please correct the marked field(s) below.

1,true,6,Contact Email,21,false,1,First Name,21,false,1,Last Name,2





Our Favorite Posts

  • How Much Interest Does 1 Million Dollars Earn Per Year? by Trey LaRocca
  • 3-Month Performance Review by Fin Engr
  • Rooting Out The Devil: Kathy Kristof Interview by Fin Engr
  • Money Hackers Carnival #117: Wedding & Marriage Edition by Fin Engr
  • Interview: What’s it all about? More than Money! (Part I) by Fin Engr
  • How to Compare Rates for Mortgage Refinancing by Fin Engr
  • Want To Erase Bad Credit Instantly? 6 Hacks That Work Fast by Trey LaRocca
  • FinEngr Joins The Million Dollar Club by Fin Engr

Blogroll

  • Blonde and Balanced
  • Budget and the Bees
  • Cash Cow Couple
  • Cash the Checks
  • Clever Dude
  • Dinks Finance
  • Enemy of Debt
  • Get Rich Slowly

Categories

Our Friends



Great Investing, Simplified: Get Stock Advisor for Just $99/year!

Need to find a loan? Got a Car? Compare title loan offers near me and get the best rate.

private real estate investors

Order custom essay from professional essay writers.

Visit 123 Term Papers and you’ll receive help from the qualified writers.

Thesis writing help for all the students!

Copyright © 2021 · Runway Pro on Genesis Framework