Strategies to Save Money

Today I thought it would be good to look back on some strategies used to help people save money. We have covered many different aspects of how to save money and provided multiple strategies to save money over the last year and thought it would be great to revist the most popular articles for our newer readers.

Here is the top 5 most read articles and appreciated by our community on this topic;

Strategies to Save Money

1. Shopping around
   Always shop around for the best deal. If you give in and just pay the first price you get given for anything, you can almost be certain you have lost out on money potentially saved. Some of the items we have helped people save lots of money on are;
   • Cheap Laptops
   • Cheap CTP Greenslips
   • Cheap Travel Insurance
     
     
2. Minimising your debts
   If you have debts over your head, your ability to save extra money for investments and rainy day funds goes right out the window. Minimising your debts will allow you to save more money, and focus on creating and maintaining wealth. Of course, saving money tips that are found on this site are perfect for enabling you to put more money towards your debt by not spending as much on other items in life. Some key articles to help those with debt are as follows;
   • Reducing spending to start saving
   • Review of Fox Symes Debt Consolidation
   • Pay Less Interest on Debt
3. Personal Budgeting
   In order to fully understand your financial commitments and standing, one must create a way of identifying problem areas and areas that could be improved upon. A personal budget is the perfect way to save money, utilising a strong understanding of tips of budgeting we have written a number of articles to explain how to best go about it. Personal finance budgeting is very important the following articles will help you get under way;
   • Creating a budget spreadsheet
   • Setup a budget in 9 easy steps
   • How to budget and why to budget
4. Start a nest egg
   People forget just how important it is to save money and ensure they have a nest egg for the future. Yes we have superannuation for this, but at the same time we need to build up some rainy day funds to allow us to have substantial cash flow when we need big ticket items, like cars or propertys. Here are the best tips on how to create your nest egg;
   • Open a High Interest Savings Account
   • Save all your coins, they add up!
   • Don’t use ATMs other then your own
5. Start thinking about Superannuation
   Our last but not least topic, is Superannuation, otherwise known as Super. Everyone must realise just how important superannuation is, it is the backbone to our retirement, it is the key to a prosperous old age. Considering that at our current 9% super rate we will NOT have enough money to retire come 55 years of age, we should be making every effort to try and add our own super contributions and locate our lost super before we lose it. Here are our top superannuation articles;
   • Locate your lost super
   • Super co-contribution scheme

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