5 Tips to Reduce your Expenses

Yesterday, I had framed a pie chart for analysis my expenses and got some idea to reduce the expenses which I am sharing with you in this content. If you are one of like me who hates the misuse of money, you must read following solution tips which will help to reduce your expenses by reducing your misuse of money.

1st Tip - Track your all spending :

It is very simple way to reduce your expenses that you must track your all spending. Don't catch off your expenses. When you pay any expense, you must record it and after this, you must give a cursory look, whether these expenses are higher than normal or not. By doing this, you will spend less and try to buy cheap way.

2nd Tip - Make long term budget for Your Expenses

Few month ago, I purchased new computer but its fund had been provided from my previous year budget. I always make my long run budget for my all expenses. You will have to bring foresight in your skills. All those who frame long run budget can reduce short run high expenses.

3rd Tip - Catch the misuse of Money

For reducing your expenditure, you must catch the misuse of money. Suppose, you are going to market, it is just 1 kilometer far from your home. You can easily go to market by walking. But if you use your car for going to market, you just waste your own money and pollute nation. You are the one the bad person in the world in my eye.

4th Tip - Stop the Cost of Your Debt

For reducing your expenses, you have to reduce your debt. I did not take loan of Rs. 1 in my life because, I think by doing this, I can save interest which I have to pay if I take the debt from bank or any other financial organisation. It is my general rule that no one can develop with the money of debt. But if your thinking is different from me,  You can turn your all debt into wealth, if you take money as loan and bring high return on it which only possible, if you follow all rules and regulation to reduce manufacturing and selling cost.

5th Tip - Save money by stopping expenses in weak points :

Some person likes to eat ice-cream, they eat it 20- 50 times which also harmful for health. Save your money by stopping expenses  in weakpoints. Some people are interested to earn through bargaining in share market. Share market is also gambling market. One day a share's price is $ 10,000 and next day, you can see its price is just $ 10. So, never misuse your money in your weakness. Your money is your power. Use your wealth for bring more wealth in best project. I think investment in cows is best investment because, you can save your money with expending on it very high and earn profit by selling its milk and bio-gass.

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Accounting Education: 5 Tips to Reduce your Expenses
5 Tips to Reduce your Expenses
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