10 Money Saving Ideas When you are on Vacation

Sunny beach and sunglasses or warm scarf and the fresh smell of snow – we all love to be on the vacation!

Some people enjoy spending extra money on the vacation and often splurge or impulse shop, while others are more budget conscious. In both cases, it is good to know how to avoid really unplanned costs so you can either save money or spend it in a way you truly enjoy.

  1. EFFICIENT PACKING

You`ll need the shampoo… and hair conditioner… and eyebrow scrub… and of course cuticle oil… and of course… Just a moment.  Do you really think that it’s goanna be so boring on the vacation you`ll need eyebrow scrub? Surely it will be the last thing on your mind.

Take basic items only. Packing will be easier and your bag will be lighter, avoiding possible extra charges.   Also, do make sure that you pack the necessities since you don’t want to be buying toothpaste or hair brushes while on vacation.

  1. BE WELL INFORMED

Having the right information at the right time is the ultimate advantage. Visit websites of places you’re planning to visit, especially the local ones. In most of the cases, there is site version in English. Don`t forget online travel services and web forums. Make a list of important tips – good restaurants, low-cost stores and local events. Not only will you save money, but you will be less stressed if you already have the information on hand.

  1. USE TRAVEL APPS

“Travel app is man`s best friend” – says ancient Socrates` dictum. Or someone was joking? In every case, getting free apps are going to make saving money much easier and your holiday more fun. We recommend Triposo, TripAdvisor and Pocket.

  1. BE YOUR OWN COOK

Why not? Visit the local market, pick up some fresh items and get cooking!  You can have a lot of fun picnicking, or making some of your meals in your hotel, especially if you have a kitchenette.

  1. BUY READY MEALS

Ready meals can be truly practical. You can eat a ready meal on the top of Mountain Olympus or during sailing on a boat. Goulas, tikka masala, or some other exotic meal – you choose.

  1. LEARN ABOUT PUBLIC TRAFFIC

Public transport regulations can vary from city to city. Ask your hotel concierge about the local rules. That way you`ll not only have the first-hand local info and avoid traffic tickets.

  1. FOUR SEASONS CLOTHES

You went to a beach destination and only brought summer clothes? Wrong.  Weather is very unpredictable, one year, I went to Florida for Christmas and the temperature was freezing!  A warm jacket, waterproof shoes, and a disposable raincoat are must haves. This saves you from buying expensive clothes while away.

  1. SOUVENIRS FROM NATURE

Dive for the shells… Save interesting stones… Little things from nature are something that you will remember your vacation by and also tell a story with.

  1. PEACE OF MIND

Observe the nature. Observe the residents, observe the streets. Absorb numerous impressions. It`s free of charge, and your experience will be fuller.

  1. TRAVEL DURING OFF-SEASON

Traveling during the off-season can be very pleasant. Lower travel and local prices and fewer crowds are some of the advantages. Destination atmosphere in the off-season is more relaxed.

10 Best Money Saving Ideas

 

Let’s face it; there are lots of ways to save money.  What is needed is commitment and discipline.  Some things to consider when creating a money saving plan is your lifestyle, family needs, how much money you actually need to be comfortable and how much money you make.  Set out a budget plan, and remember that every penny counts!  (A simple daily morning Latte can add up to $1,200 per year!)

10 Saving Money Ideas You Can Implement Now

Make a Saving Plan

The first tip is to make a savings plan; without savings goals you won’t have something to strive for so it’s important to know where you are headed. Know your goals and set time frames for achieving the goals.

Simple Personal Budgeting

All you need to do is to calculate the amount of money that you earn every month. After that you have to calculate the total expenses of all necessities every month. Having a personal budget will prevent you from buying unnecessarily things.

Avoid Impulse Buying

Impulse buying is a huge problem for many people, who splurge without really considering the cost. One way to save money is to walk away from something you don’t need.

Reduce Utility Bills

With a little thought and effort, you can save a lot of money on your utility bills. Simple money saving tips includes switching off electric appliances and equipment when they are not in use. Opting for solar energy is another great way to save money on these bills.

Reduce Spending on Luxury Items

Make a list of all the luxuries, namely: unnecessary grocery items, clothing and entertainment. In order to enhance your saving, try to reduce the money which you are spending every month on the luxuries items and other unnecessary things.

Eat at Home

Eating out is fine but moderation is the key. It’s easy to spend $50 a week on take out and that adds up to $2,500 per year!

Save Money at the Supermarket

You can definitely save money on groceries. Rather than running to the store every time are missing an ingredient, plan your meals and consider buying in bulk. Also, on Thursday’s most grocery stores come out with their weekly savings flyers.  Over coffee, you can pick out the deals and save a lot of money.

Limit Your Driving

Instead of making ten trips a week, condense to a few trips. Do all of your errands at once. This way you’re saving money that would be spend to buy fuel for the numerous trips.

Get Rid of Your Credit Cards

Credit card debt is a vicious trap that people find very difficult to get out off. The interest is exorbitant and often crippling, forcing people deeper into debt. You may not be aware, but statistics reveal that people are less eager to take out their wallets and pay cash for their purchases. It is easier to pull out plastic!

Save Money on Insurance Policies

Most people are unaware that they can save a lot on the premiums they pay, if they think wisely. There are separate providers offering life insurance, medical insurance, auto insurance, and home insurance. It is recommended that you opt for one insurance provider for all your insurance needs, since you will get better discounts on your policy.  Find a local insurance agent who can help you with financial planning and all insurance needs.

There is a wealth of money saving ideas for the people who are dedicated. Saving money takes discipline and sacrifice but it also can be a lot of fun.

Why Hire an Investment Adviser

In today’s era of a tight economy, most people are looking for a way to make proper investments to ensure the security of future earnings. Now, a good investment calls for the rational and right mental approach and ability to make investments by considering future conditions and situations of the investment object. A great deal of patience is another key to investing. Anything that is done in haste goes hastily to waste, same goes with investment. This is not a horse race where you pick your favorite color.  This calls for thorough research, mixed with gut feel. You should be patient enough to go through the whole process or you could be wasting your money.

You can certainly take the time to research possible investment opportunities yourself, however, in some cases, and this might be the one, it is a good idea to seek help from an investment adviser. A good investment adviser will make sure that you don’t end up being a ridiculous and irrational accumulator of bad investments, rather a smart investor. Now, good investment advice only comes from paid investment advisers who have been handling money and investments for some time now. This is mainly because an expert adviser can help you to get the best deals.

So why is it advised to get a paid service, rather than accepting advice from friends or relatives like your uncle Charley? Investment advisers do this for a living.  They are constantly updating their information and are trained to pick out quality investments.  A good professional investment adviser will have many contacts and is privy to information that the general public may not be aware of.

Importance Of Early Investments And Retirement Planning

Who said that retirement planning is only for those who close to their retirement age? The concept of retirement is a fascinating thing to discuss. In fact, it is something that every person of working age, should be keeping in mind. Unfortunately though, the term “retirement planning” has been stereotyped by society as something that is only for those that are nearing their old age.

Retirement planning means that you make plans that secure your needs, especially your financial needs for when that time comes that you finally decide to stop that  9 to 5 rat race or in a much simpler explanation, you stop working and finally do the stuff you want to do. Remember, you can retire at any age and the reason why most people don’t is because they can’t afford to.

This is why it is important to start retirement planning while still young. The younger you start planning for your retirement, then the earlier you can afford the freedom that retirement gives you. Why would you choose to retire late when you can do it much earlier in life? There are several ways to plan for your retirement, the most obvious one would be to start saving money as early as possible. Just imagine how much money could you have saved already by the time you reach your 40th birthday if you started saving 20 years earlier.  Another option is to invest your money with the help of an investment adviser.

Early Retirement Planning Essentials

One of the most significant things to keep in mind when planning your retirement is timing. To be able to satisfy your future needs after you retire, you need some discipline.  You need to make a proper use of your time, establish a habit of saving, and if you are an entrepreneur, choose your businesses wisely. If things work out as planned, your investments will keep growing. Keep in mind that life does throw you the odd curve ball such as loss of a job, investment gone bad, illness….With a retirement plan, you can dip into your savings.  Just remember to get back to saving when your situation improves.

Here is a link to a handy retirement savings calculator:

https://www.canada.ca/en/services/benefits/publicpensions/cpp/retirement-income-calculator.html

How to Save $20K in One Year!

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