6 Bulletproof Ways to Cut Your Budget [Personal Finance Tip]


If you’ve spent any amount of time reading literature on the subject of personal finance, you have heard of “living below your means.” Sure, you can always increase your income in theory, but the first thing most people should do to increase their bottom line is look at their expenses.

Here are six effective ways to cut anyone’s expenses. If you aren’t doing the tips mentioned here already, I highly suggest giving them a try.

1. Buy Only What You Need

It sounds obvious, but how many of us buy what is truly necessary? We often buy in bulkin an attempt to reduce our costs and end up wasting what we don’t use. We buy a house that has unused rooms, a more expensive TV with features we don’t care about, or a high-priced cell phone plan because we never want to go over our plan minutes.

2. Wait to Buy

Tricks such as the 30-day rule, where you wait 30 days to let your emotions settle down before you make a purchasing decision, are popular because they work. For those suffering from frequent impulse purchases, give this one a try. Don’t worry, sales always come back and even if they don’t, saving the money means you will have more to spend next time around.

3. Use Coupons

Clipping coupons or searching for online coupons works, and for more reasons than just getting a discount. Trying to find a coupon takes effort, and it gives you ample time to think about what you actually need to buy, acting as a cooling-off period helping with the problem of impulse buying.

4. Use Cash

When I was a kid, I frequently stopped myself from buying something because I simply had no money. With a credit card in almost everyone’s wallet these days, when was the last time you had to refrain yourself because you didn’t bring enough money with you? The topic of reward points always comes up whenever we talk about the benefits of using cash, but unless you have extreme discipline, spending less usually far outweighs the benefits of a possible 1% back.

5. Pay Yourself First

When everything is in your checking account, it’s easy to feel plush with money and in turn spend just a little more. Paying yourself first — immediately putting some money into savings when you get paid — can help you spend less than you actually have. It’s a wonderful trick, and I urge you to try it and see for yourself.

6. Refresh Your Memories About Your Purchases

Record what you buy and go through all your purchases periodically. Where did the product that you bought go? Was it really useful? Could you have spent less on it? By thinking about each purchase after the emotions of owning the item fades away, it will help train your brain to reduce any unnecessary spending.

Is it interesting ? Do you want to add some thing more about how to mange your finances ?

Source: Reader’s Digest Asia – October 2011

What E-Communication and Internet Snatched from Us [Article]


This is an age of Information Technology and we have faster access to people and Information. We are getting many benefits from electronic communication in many fields of life. It has resulted many changes in our lives, some of which
are harmful as well. Some old trends have been diminished almost. Here I am going to discuss some trends which have replaced older ways and what we have forgotten.

1. Letters

Gone are those days when people used to get excited on getting letters of their near and dear ones. Letter used to be a memory and it was considered “Half Meeting”. Letters were saved carefully sometimes so may be read again in future as memory. Today, letters have been limited to only few official posts. At least still we get happy when postman gives appointment letter to someone. :).

This is an age of Information Technology where people communicated through internet and Mobiles. Although, email facility is a blessing but sometimes we miss letters as letter has its own charm.

2. Greeting Cards

Through e-Communication, we can visit hundred of e-cards websites, but do it gives happiness which you used to have on receiving printed or hand made cards. I remember times when we used to buy eid cards with our pocket money. On different occasions, we used to search fascinating greeting cards. Good poetic verses were chosen to write on cards. Decorated cards with quotation, poetry and sometimes with stickers were sent to friends and relatives. E-Cards could never give me that happiness .Hand written eid cards used to entertain receiver and were saved for years as well. Nowadays, if you re-arrange your book shelf or cup board, do you get old greeting cards? Answer is perhaps “No” because electronic cards are saved in our inbox.

3. Book Reading

We remain all day busy with internet and mobiles. We have left reading books. Books are considered good companions of a person but today we have made mobile our companion. We don’t have enough time to read a long good book rather we can read 50-100 messages per day. Actually our attention has been divided into many things.

4. Peoples Gatherings Now in front of TV

Our grand father used to have gup-shup with friends and people had time for this. Then TV replaced those gatherings and our parents become used of Televisions but to an extent. It still did not affect that much when they did not have many TV channels to browse. Within some years, we got access to world wide channels and internet facility. Now, after returning from offices and universities, people sit in front of TV or Computer for hours.

Male don not want to leave sports channels, women are fond of Morning shows, cooking programs and entertainment channels. Children are eager to watch cartoons and animated movies. All this has become addiction perhaps a bad addiction.

5. Grammar and Spellings

If we are using spelling and Grammar feature of Word formatter software, it sometimes make us much dependent for corrections. In case of any spelling mistake, we quickly select correct option from help or choose some alternative. We don’t try to think ourselves. Result is that sometimes, we forget correct spellings when we are not working on computers.

6. Library Visits

It has been also observed that many students now prefer Internet for search instead of visiting libraries. On internet, sometimes, reliability is not verified.

7. Cut, Copy, Paste

In past, students, used to consult library books for preparing assignments. They used to surf different books and then carefully bookmark relevant information. After this, selected information was typed or written. In this way, students used to know more.  Nowadays, assignments are prepared from Internet material mostly. Just copy from 3-4 sites and paste in MS Word. This has affected quality of work and group discussions to some extent.

8. Unreliable Material/Sites

A student is asked to prepare assignment or to write a research paper. Internet is here, just writing a string and it will give you a list of sites. Are you sure that material you got is reliable?  We can’t judge sometimes.  So, wrong information is communicated if not properly handled.

There should be some check and balance to ensure trusted sites.

9. Moral Values

Parents of today have challenge whether their child is getting good moral values or not. Youngsters nowadays have much exposure. It is very hard to keep them away from all kind of dirty stuff.

Bundle of sms packages, cable channels and internet are badly affecting moral values unfortunately. Media sometimes present bad things as good and present unethical programs stuff in glamorous way that people are captivated.

10. Health Hazards

Much in-touch with mobiles, computers and TV are affecting our health and perhaps acting as slow poison. We are aware to some extent but are addictive. It takes our time which we used to surf for a walk.

Nine to five office jobs sometimes result in health disturbances like affect on eyesight, back pain, mental stress, depression, and affect on digestive system.

11. Misuse of Chat

Internet chat facility has many benefits but it is misused my youngsters mostly. Instead of using for useful purposes, I t is used sometimes for finding friendships with opposite gender. We also listen many stories   of deceiving people on chat.

13. Rumors (Mobiles)

You get an alarming message or a message having some wrong information or propaganda.

Like news channel, you want to spread it as soon as possible. You do not want to even authenticate information. Within few minutes, you send message to a list of contacts and within hours it is spread to thousands of people.  This kind of wrong information sometimes badly portrays an event, a religion, a personality and a concept sometimes.

Here it depends on you that how carefully you handle. Always try to verify such information so it may not cause any kind of damage.

14. Mess of Information

Amount of data on internet is increasing at immense rate. Sometimes, it becomes difficult to search useful information from a heap and we become confused. It is also difficult to judge what is wrong and what is right.

15. Propaganda

Internet is also been used for propaganda against personalities, religions, or countries. Everyone has right to say whatever one wants to convey. There are thousands of discussions forums on internet. It is common that a controversial topic is started as thread and end result is very harsh comments among participants.
It is common among enemy nations to blame each other and to use dirty languages.

16. At Home Away from family, near to Friends/Outer World

Due to Internet, Mobiles and other devices, we are now sometimes present at home but are actually away from our own family members. We spent many hours in chatting, messaging, browsing etc. This affects relationship. Excess of anything is bad.

Is it interesting ? Do you want to add some thing more ?

Image Courtesy: http://www.jmorganmarketing.com/wp-content/uploads/2009/09/business-problems-social-media-roi.jpg

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