You’ve read about people investing spare money in schemes that have brought them great rewards – cryptocurrency is the current popular option, and can only get better as the market grows – and you want to join them with a bit of an investment of your own. But, and it’s one of those buts we all come across, where do you get the money? So, Looking for more money on your bank account or in your pocket? Here’s a short guide of where you might have gone wrong. These tips will save you some cash that can later turn into a profit: https://ihodl.com/analytics/2018-08-21/top-money-saving-life-hacks/
Now, we’re not talking get rich quick here, we’re talking good old common sense ideas that will save you money on an everyday basis, and that are things you can do right now, that you might not have thought about. Think, to begin with, about your regular and necessary expenditure: what can you cut back on that you might be losing money on? Here’s a few ideas:
Energy Costs – you need gas and electricity to light your home, heat it and for cooking, but do you need so much of it? Those lights you leave on carelessly? Switch them off! Invest in a thermostat that is more efficient and that will manage your energy usage better, and you can save a good percentage of your regular outgoings. Turn the heating down a notch – you probably won’t notice the difference! All these are little ideas that can save you money that you can put aside to invest.
Subscriptions – make a list of everything you subscribe to: consider magazines, newspapers, and most of all, TV and entertainment channels. Then there’s gym memberships, club memberships and more. How many of these do you use on a regular basis, and how many once in a blue moon? Cancel those you don’t need, and that are there for one time use; you may be surprised how much you save.
Food and Drink – do you eat take-outs regularly? Cut back by a couple of days, and cook at home – there are many cheap and tasty dishes that you can knock up in a few minutes. Do you enjoy a few beers, or a few glasses of wine a couple of nights a week? Of course you do, but think about this: if you go out regularly, have one less than you normally would each time. Or, knock one night out on the head, and get a bottle in from your local store. There are some great bargains to be had on quality wine, and it’s cheaper by the bottle!
These are just a few ideas; we’d also suggest planning your spending more carefully and using the car less for short journeys – ride a bike, it’s great exercise – so why not start making a list of ideas now, and very soon, you could have set aside a nice little bunch of money to invest in those lucrative deals your friends are already in on, and before it’s too late!