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Smart money saving tips for young professionals

Posted in News By Rentickle admin

At one moment you are in the safe refuge of your home cozily coiledup in your room, while in the next one you find yourself staggering along the rough paths of life as a young professional freshly out of college. You have a dwelling to search, a job to settle into, various household as well as official errands to run through, and an unending list of bills to pay. And then there are those dreary times when all you want is a family member by your side to revive your tired soul.

While there are problems that have the slimmest ofchances of meeting with solutions, there are a few steps which can bring in the much required ease and assurance to your otherwise uneven life. Roll up your sleeves and check your spends for here are a few money saving tips that you must for an easy going bachelor life –

Plan a budget

While this might sound like abona fide brain storming exercise, keeping a track of your monthly expenses can help you save some useful bucks. Calculating your budget will let you know what amount of your money goes to which expense and thus help you curtail the extra expenses.

Separate your wants and needs

As is the general belief, human wants are endless. While you may want a lot of things in life, not everything that you want might be what you need. Though it is absolutely fine to enjoy a bit of luxury out of one’s hard earned money, one must know when to draw the line. Spending openly on luxuries might leave you nothing for the emergencies. It is always smart to be prepared for the hard times.

Appliance rentals

Let’s admit it; with changing scenarios and weather conditions, it has become nearly impossible to live without some necessary appliances at our homes. While living in rented apartments or hostels in a new city, buying these appliances will certainlydent your pockets endlessly. This is where appliance rentals make so much sense,allowing you to have a fridge, TV, microwave as well as washing machine rentals in Delhi, Mumbai, Bangalore and other big bustling cities, at a mere fraction of the cost.

Cheaper alternatives for shopping

Most cities harbor areas that serve as cool local markets which are popular with students and homemakers alike. Local markets are hubs for fabulous cheap western clothing to folk attires, handlooms, handicrafts, household equipment, kitchenware, to electronic items. You get to buy things in bulk by spending a really small amount of money. When on a money saving agenda, it proves really beneficial to be on the lookout for sales at your favorite stores.

Cut down on travel expenses

Globalization, population boom, and modernization have an irksome flip side -thecost of transportation in many cities is on the expensive side. Any change in the demand and supply curve directly affects the cost of commute. However, there is always a way out. To drive the point home, start opting for transport options likegovernment buses, trains, metro trains, and car pools. Stop splurging and start saving!