11 Reduce or Eliminate Debt. Debt, especially the long-term can drain your wealth gradually. So, if you wish to save more money, you can start reducing your long-term debts fast. Though the lenders don’t like it, repaying your debt early helps you get your savings back on track early. 5 A sewing kit is your friend. One of the best creative ways to save money is to keep your clothing in top shape by investing in a sewing kit. The next time something rips, see if you can repair it before you buy a replacement. In addition, sewing kits 8 Stop paying for convenience. Paying for convenience can save time, but it can cost you money. Taking a little extra time out of your day to brew your own coffee or clean and repair things 5 10 + 20 + 60 + 10. This is another way on how to save money from salary, by dividing your salary into four parts, namely maximum 10% protection, minimum 20% investment, maximum 60% commitment and maximum 10% ‘spending leaks’. The maximum 10% of your salary is allocated for protection like insurance. 20Ways to Save on Food. Cook your meals at home. Shop with a list. Use a meal planning service to plan your meals. Eat leftovers for lunches or pack a lunch from home. Cook all your meals once a week or once a month to make eating at home easier. Use coupons and shop the sales at your grocery store. Hereare my picks for the best ways to save money that you can do right now. 1. Embrace the 80/20 Rule. The mindset you need to get into immediately with your finances, and as an entrepreneur in general, is the 80/20 rule. In case you’re unaware the 80/20 rule, otherwise known as the Pareto Principle, states that 80% of your results SubstituteWater for Soda – $30 Savings. Another suggestion from Radway is to swap out soda and other drinks for water. She estimates $1 a day savings for this although those with a serious soda Heres how it works: 1. List all your debts from smallest to largest—regardless of interest rate. 2. Attack the smallest debt with a vengeance while making minimum payments on the rest of your debts. 3. Once you pay off the smallest debt, take that payment and apply it to your next-smallest debt. 4. Avoidcredit cards with annual fee. Credit cards with their cash back bonuses and reward points are a great way to save some money. Just make sure that the card does not charge you any annual fees. There is no dearth of cards that offer fee-free reward plans, so there really is no reason to pay the annual fees. sVs7Uf.

5 tips on how to save money