10 Best Ways to Save Money

PT wrote 104 ways to save extra money in "how to save money" and published in PTmoney.com. I read them and selected 10 best ways to save money out of them. Many of them, I also use for saving my money. You should also follow these for saving money.


1. Use CFL Bulbs – Compact florescent lamps (CFLs) cost more on the front-end, but they will save you money and energy in the long-run.

2. Don’t Forget to Ask – Ask for a discount. We always ask about discounts and have found that many places we wouldn’t have thought of give unadvertised discounts. For example, our preschool offered a discount to pay in full. And our plumber gave us a discount when we asked.

3. Quit Your Bad Habits – Be they eating out, smoking, or going out partying. Every time you stop yourself from doing it, put the money you would have spent into your savings.

4. Daily Spending Goal - Set a daily goal for yourself: how much money your going to spend during the day.

5. Early to Bed, More in the Bank – Go to bed earlier. Saves light, heat (in the winter) and late night nibbles.

6. Cut the Cable TV – Move all your TV watching to online services like youtube.com/edu. It’s free and has fewer commercials.

7. Avoid the Deal Websites – Don’t visit online shopping or deal sites unless you have a plan for buying something you need. Doing so will tempt fate.

8. Diversify Your Investments – Do not put all your eggs in one basket. Invest in stocks, mutual funds, bonds, real estate, etc.

9. Truly Save, Not Spend Less – The best way to save money, is to deposit money in any bank as savings deposit for use at a future time.

10. Turn Off the Lights – Make it a habit to turn off the lights when you are the last person to leave a room.