Sure, everyone wants to save money – who doesn’t? Saving money is essential especially during these tough times. Like myself, I know that most of you are trying to stretch your hard earned money to cover all your family’s necessities.
So, how can we save more money? The answer is easy: by cutting or limiting our expenses. We can do that by effectively managing the money that comes in and out of our pocket; and by making smart financial decisions.
Food is one area that we can save a lot of money from. If you analyze your monthly expenses, you will notice that a large chunk is spent on food (after housing, education, and transportation). If you are Filipino, you might be familiar with the saying “Magtipid ka na sa lahat ng bagay, huwag lang sa pagkain” (try to save on everything but food). I totally agree on the saying and I always put it into practice, but I am still able to save a lot of money on groceries. How was that possible? Simple – I read between the lines. Instead of spending without limits on food items, I tried to think smarter by identifying and prioritizing the food items that I needed before shopping for a bargain.