Budget Tip

In: Business and Management

Submitted By leo0720
Words 680
Pages 3
Budget Tips

Very few of us are disciplined budgeters. We are used to spending our income and not really ever checking how much is being spent.

This is a list of tips to help control and/or tighten a budget. This list is not exhaustive and its purpose is to show some of the mechanisms you can use.

A. Groceries/Housekeeping etc. * When you are going shopping write a list of the items you need. Do not fall for the “impulse buy” when you are in the supermarket. Additional purchases should be limited to items genuinely omitted from the list. If much-used items, such as toilet rolls etc. are on sale at bargain prices then purchase a supply of them. * There is no denying that “fast food” and pre-packaged meals are quick and easy, but they are also very expensive. Cook a larger amount of your own food and if necessary freeze it. * Rather than buying lunch at uni or work take a home-prepared meal. * Look at the store brands as these can save you a lot of money. Most are just as good as name brands. * Watch for the 'use by date’ mark down. Especially in the meat or dairy sections. * Bulk buying can be a good way to save money if you can store and use the goods before spoilage. Maybe you can share the costs with friends or relatives. * Widen the variety of fruit and vegetables you eat so that you can take advantage when prices are seasonally lower. * Try and buy your petrol on those days when it is cheaper.

B. Telephone/Internet * Use cheap international calling cards. Savings can be more than 50%. * Compare mobile and internet deals and make sure you are comparing oranges with oranges. * Make sure you can check your usage on the internet. Or at least request monthly bills. * Call at 'off-peak' times.

C. Larger Items * Always comparative-shop, especially for expensive items. Let…...

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