20 July 2011

5 Steps to Save Your Money

Your wealth is not dependent on how much you have earned, but how much you have accumulated. But the first step to accumulate our wealth is through saving. In this post, I am going to state five steps I have used to save my money.

1. Never Trust the Salesperson.
Generally, all salespeople have some sort of conflict of interest about our money. The duty of salespeople, of course, is to close a sale or deal as quickly as possible in order to maximize their income. Nevertheless, if salespeople who only get month paycheck without any bonus regarding their sales performance, then most of the time this salesperson will not so hardworking to pursue you to buy their products. In short, we must think twice about the words from salesperson specially who has conflict of interest about our money.

2. Bring your shopping list to avoid unnecessary expending.
Before we go to shopping, we must make a shopping list first to ensure that it is necessary for us to go to shopping now. Otherwise, we may lost our precious time and spend money on unnecessary things.

3. Compare the price of goods.
It is a good idea to know the latest price of specific product which we have been used in our daily life. For me, I will buy lots of those essential product during promotion. But we must check the expire date to avoid unnecessary lose.

4. Choose a right place for shopping.
Remember, the higher the cost of goods, the higher the price you need to pay for it. Cost such as rental fee will always be transferred to consumers. Therefore, buying a thing in a place which has lower rental rate will always give you a good price. That's why you can always find cheaper thing in street market.

5. Never pursuit the latest technology device unless it is necessary.
For example, you are a programmer or graph designer, buying a latest technology can help you to improve your work performance in such a way to earn more money. If not, you are simply make our money depreciated faster than inflation.

What you have save is what you have earn. That's all for today. More fascinating articles and sharing will be updated from time to time in Xaivier Blog. So, you are welcome to subscribe our feed, look at our sitemap or simply visit our Homepage.

Written by: Xaivier Chia


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