Showing posts with the label spendthrift

6 Simple Ways to Save Money at Home

  With the economy being what it is, people are more conscious about their expenses. The last thing you want to be doing is spending money on things that are not essential. There are simple ways to save money at home, which can cut down your bills significantly. Use energy-efficient appliances If possible, buy energy-efficient appliances such as washing machines and dryers that have lower water and energy consumption levels. These will help save energy and thus money over time because they consume less electricity than their non-efficient counterparts do. Consider replacing your old refrigerator with an energy-efficient refrigerator. You may not be aware of the fact that your fridge is one of the biggest consumers of power in your home. An inefficient refrigerator can use up to 300 kWh per year, which is more than 10% of the total household energy bill. So, it is important to get an efficient one that uses less electricity and saves you money on your electricity bill. Use en

Are you a Spendthrift during Christmas Season?

The cool breeze in the morning, the Christmas lights and decorations everywhere, Christmas carols played every now and then in radio stations, shopping malls on sale, bazaars here and there, are the things which remind us that Christmas is just around the corner. As Filipinos, we enjoy spending much during this occasion. Time to buy holiday presents for our loved ones, god children and friends. I, for instance take pleasure in shopping, but do we really need to be a big spender? Do we have to spend lavishly? According to my friend economist, this is the time of the year wherein one can generate extra income, employed people received extra money from company bonuses, thus at which point we can add more to our savings for future needs or necessity. He taught me that the proper way to maintain a financial plan is through the the budget formula: Income – Savings = Expenses. Whew! I do it the other way, income minus expenses equals savings or none at all. Buying gifts and Christmas wish