5 Simple Ways to Not Go Broke Each Month

It’s almost the end of the month and all salaried people – irrespective of how much their salary is – are left with hardly enough to meet the last 10 days without going totally broke. Yes! That’s the story of most households including may be yours; but it doesn’t have to be this way! Have you ever thought how, by altering your life style just a tad bit you can save more than 40% of your monthly earnings? Here is a list of 5 simple ways to save yourself from going broke next month!


1. Cook at Home

May be the chef at your favorite restaurant cooks the most magically delicious food but visiting him often also magically deteriorates your bank balance! So, make it a habit to cook at home at least 6 out of the 7 days to avoid spending the greater part of your salary on merely eating out.

2. Visit the Cash and Carry When Short on Time

This is a simple trick that will help you in saving a lot of hard earned money that you would otherwise end up spending on items that you don’t really need. Leisurely time spent at the cash ‘n’ carry often ends with a bill that far exceeds your monthly budget so always visit it when you have to rush through the shopping to make it to an important appointment.

3. Don’t Drag Debt for Too Long

Whenever you need to borrow, make sure that you return the debt the moment you receive your salary. Dragging unpaid debts for too long only adds to the pile forcing you to borrow still more to pay off old debts. Avoid this vicious circle at all costs!

4. Avoid Unnecessary Surcharges and Fees

Whether its the ATM surcharge, bank draft fee or penalties for paying your bills late – avoid them as much as you can. These added expenses are completely unnecessary and you would be surprised to calculate how much money you can save just by hoodwinking them.

5. Regulate Your Electricity

Leaving electrical appliances on stand-by or not switching off unnecessary lights, fans etc. not only adds to your electricity bill for no reason but also puts the appliances at risk of being damaged in case of an electrical voltage instability leading to added repair costs. Make sure that all lights and electrical appliances that are not being used at a given point in time are switched off and then enjoy the pleasant shock of receiving a reduced electricity bill!

There you have it! Now be sure to spend wisely from today!

Article publié pour la première fois le 19/02/2012

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