10 CrackingMoney-Saving Tips for Tech-Savvy Millennial
Image Source: Canva
Image Source: Canva
1. Track Spending
Start by tracking expenses for a month or two and categorise them into essential and non-essential spending.
Image Source: Canva
Image Source: Canva
2. Set a Budget
Once you know your essential spendings, stick to a budget for essential expenses, utilities and cost of groceries and dining out.
Image Source: Canva
Image Source: Canva
3. Cook at Home
By making meals at home, you will not just save money but will use high quality ingredients for cooking. This will also promote better eating habits.
Image Source: Canva
Image Source: Canva
4. Cut the Cord
Cable TV and other subscription services is an add up to monthly commitments, unsubscribing the subscription services which are not in regular use can save money.
Image Source: Canva
Image Source: Canva
5. Shop Smart
Look for sales and discounts when shopping for essentials and use the best offer, cards and apps for the best deals.
Image Source: Canva
Image Source: Canva
6. Use Credit Cards Wisely
Use credit cards only for essential purchases and pay off the balance in full each month.
Image Source: Canva
Image Source: Canva
7. Automate Saving
Set up automatic transfers from your salary account to your investment accounts.
Image Source: Canva
Image Source: Canva
8. Use Public Transportation
Save money on fuel and car maintenance by using public transportation or carpooling.
Image Source: Canva
Image Source: Canva
9. Find Ways to Earn More
Take on a side gig or freelance to earn extra income. This extra income can help you save more and pay off debt faster.
Image Source: Canva
Image Source: Canva
10. Be Mindful of Your Money
Prioritise your financial goals and keep track of your progress to celebrate milestones along the way.