Page 112 - May 2018 - December 2018 Issue

Old-Fashion Tips

On Saving

By Obella Ronsairo, Supply Chain Management

There is no magic or formula for saving money. What is really required — a deep
focus, a plan and discipline to stick with it.

We sometimes wonder how our grandparents were able to save money then
and until now. Some of the most valuable advise my grandparents shared with
me about money is how to make and save money, how to build our credit, and
how it will affect our future.

As an adult, we come up with the realization that saving money is easier said
than done. Added to this is saving money becomes harder when we live from
paycheck to paycheck. We would rather spend the money on things we want
rather than the things we need.

These throwback techniques are not rocket science nor can it bring has back in
time. But it could help us reduce our expenses and save at least an ample
amount of money. Just what we need to meet our savings goals.

1. Use a piggy bank. Save your spare money and put it in a piggy bank.
2. Save your coins. Save all your spare change.
3. Turn the lights off. Make it a habit to turn the lights off when you leave the
room.
4. Cook at home. Eating out every night adds up to your expenses. Save
money by cooking at home. You don’t have to cook every night. Instead,
you can prepare meals on weekends. Meal prepping is when you prepare
multiple meals to get you through the week.
5. Re-wear your denim jeans a few times before washing them. Unless your
jeans are obviously dirty, try to avoid washing your jeans after every wear.
Washing your denim less frequently will help them last for years.

Simple to follow, always remember that some things are better the
old-fashioned way.

111 | FINANCE