Monday 26 September 2022, 9:30 pm
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2786 readings
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Price hikes are announced at all levels and many Romanians with low incomes think with horror of where they can raise funds to pay their bills. Especially when winter comes and large heating costs are announced.
First, we can also save money by saving energy. Specialists say that investments in low-energy appliances pay for themselves faster. Although they are more expensive, they actually reduce the cost of your current bill.
However, there are other methods that can help us save more money from our salary, even if it’s small. And we are not talking about “financial engineers” but a little attention to expenses.
Don’t shop just because they’re “on sale,” but because you need them
If you don’t really need a certain thing, or don’t want it much anymore, don’t buy it. Applying the “test of time”, generally recommended for purchases of higher value, but which applies very well to any purchases during this period, according to an interview with Irina Chiţu, director of the comparator bank FinZoom.ro.
Postpone the purchase to the next day or even to the following days.
If you go to the supermarket, shopping list it is absolutely necessary. Otherwise, when you get to the products you need, fill the cart with many other things that have caught your attention. Even if in the store you find that you need products other than those on the list, limit yourself to only a few absolutely necessary.
Look for stores with the best price offers. Also take advantage of promotional offers, because they can also represent a saving tool.
Pay by card more often than cash or keep small amounts in your wallet
There are very few payments that you can only make in cash. However, whether we keep the money in cash or on card is a personal decision. The general recommendation would be to diversify, keep a smaller part of the money in cash and the largest part “on paper”. There are pros and cons to one of the 2 choices. Financiers recommend paying electronically for several reasons, according to an analysis published by atlas.app.
- the security offered by the banking system and the protection of transactions through various methods
(use of PIN code, need to sign transactions, phone notification when a payment is made, etc.)
- very simple tracking of monthly expenses
- get a history of transactions very easily
- the ability to quickly make reservations / payments for different products or services, both in the country and abroad
- for higher value payments it is safer to pay by card
- you can make contactless payments much faster and without using the PIN code, for small payments
- you can also pay with your phone or smartwatch, without the need for a physical card
- you no longer have to wait for the change in cash for payments made in cash, which for small and very small amounts often no longer arrives
- your wallet is no longer full of bills and coins
- different types of cards can give you free access to airport lounges
- instant payments between different people
Go more by public transport or on foot and avoid food or coffee kiosks
Taxis and the use of your own car can cost a lot. You can avoid these costs by choosing public transport, cycling, or if you decide that a walk to work is exciting. This will not only save you from taxi and fuel costs, but will also maintain your health, he writes Wall-street.ro.
Also, if you’re used to grabbing a coffee or a mouthwatering “snack” from the convenience store on your way to the office, try doing it less often or even giving it up for a while, opting for a coffee from a thermos at home instead. And for snacks you can prepare them the night before.
You can also prepare lunch for the office. In addition to saving money, you will also eat healthier. If you prepare your casserole the night before, when you are no longer hungry and no longer craving fries or burgers, you can also have lunch in the office and without the risk of adding unnecessary calories.
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