There are several ways to cut costs and save money even if you are earning minimum, average or high wage. Managing your money is important and here are some of the best ways to work out your budget.
Create a budget
It is the time of the month; you receive your salary. List down your basic necessities, expenses and savings. Think carefully about how much you need to set your money aside to save or invest for rainy days. Once you list them down, it will give you a clearer image of where your expenses are.
DIY – Do it yourself lunch
Eating out daily can cost you a lot of money for the long term. Think about it, the cost of one Jolibee meal cost P89. Let’s say you dine out frequently for lunch outside the office, it could cost you P445 in a week! In a month, altogether it would cost you P1,780. That amount of money could be spent on the groceries household for 30 days.
Utilize the environment amenities
Signing up for a gym membership can be extremely costly especially if you do not consume it wisely. Instead of spending an average of P2,000/month for a membership, jog around your neighborhood and work out with your community. The cost is absolutely P0!
Quit buying coffee
Make your own! Brew your own coffee at home and purchase a bag of beans at an average cost of P200. Starbucks and Coffee Bean could cost you up to P200 per cup while a bag of beans could last you a month.
Call it cheap but it doesn’t hurt paying it little less than the original price. There are deals online whereby you can dine and travel at a bargain. You might just save a bit more.