You know what they say: save for the rainy days. This clichéd saying is now particularly true on hard times like today, when money is a scarcity and we are on the risk of losing our jobs. Many people complain about the rising expenses and insufficient income. However, the real problem is how we budget and save our money. We should start spending our money wisely now—don’t fret just yet, it’s actually easier than you think. Here are some quick and easy ways to save money in our simple day to day tasks:

• Know your earnings and spending capacity. You can do this by calculating your present resources and income. Do not exceed the speeding capacity!
• Never engage in impulsive shopping. It is important to contemplate each purchase for a long time, especially if it isn’t cheap. Scrutinize each purchase and figure its significance and need. Do not buy that pair of shoes just yet, wait out for a few days or a week and come back to that store to see if you really want it. 70% of the time, you may realize that you don’t want it as much anymore.
• Avoid eating out on restaurants, cafes and even fast food joints! Cut down your trips to the vending machine or café on your lunch break. Instead, bring your own lunch or food to work to minimize expenses.
• The best way to save money is to plan carefully before shopping. Especially on grocery shopping, make a list on what you plan to buy and stick to that list. Moreover, do your grocery shopping when you are full, when you are least likely to make impulsive purchases.
• Be a savvy buyer! Look for coupons in magazines, newspapers and online for weekly in store specials. Consider buying a generic product rather than a branded one.
• Buy your home décor items, clothes, and shoes during off season sales and clearance sales.
• Use your electricity sparingly to save a lot on the power bill. Switch off the lights when leaving a room. Turn of the PC when not in use. Plug off all electrical circuits. You will see a huge difference it creates in your power bill!
• As much as possible, do not use your credit card. Leave them at home when you can! Pay in cash so that you can better keep track of your expenses.