Michael Delmonico has provided planning advice for years to a wide variety of families and individuals.
From college planning to money management for married couples, Michael Delmonico helps individuals plan ahead for the futures they desire.
Today, with several options for cashless transactions, most of us tend to overspend. The realization dawns upon us only at the end of the month. Thus, we should plan our day-to-day expenditures and make a plan for savings on a regular basis.
Here are some useful tips from college planning and services expert Michael Delmonico on how to save money in everyday life.
1. Spend some time with your savings and budget. Maintain an expenditure book, sit down at the end of the week to track all your spending on different items. Update your budget for every week. Michael Delmonico assures that if you get into this habit, you will see a big difference.
2. Dining out is one of the biggest sources of expenditure in most families. Try and have most of your meals at home. This will not only help you in increasing your savings (no need to pay huge bucks on tax and tip) but will also reduce your calorie intake.
3. Cut out on the cable. Don’t get shocked. A survey by the NPD Group (a market research organization) showed that very soon, the cable bills will grow to become as high as $123 monthly. By opting for online services like Netflix, Hulu and Amazon Prime, you can easily watch all your shows by paying much less than what you would pay for cable TV.
4. Keep a tab on your electricity bill. Put off all the lights before leaving the house.
5. Save on transportation costs by walking as much as possible. It will not only let you save but will also shed some calories. Make use of public transportation that is much cheaper than the private ones. It will also help in saving fuel as well.
6. Hosting a potluck also ensures saving. We spend a lot on hosting parties, lunch dates and gifts. Rather than eating out somewhere, you can host a potluck whereby all your friends can prepare their own respective dishes. This way the extra money involved with outside dining such as tip, tax, parking etc. can be avoided and you can enjoy your time with your friends over healthy food.
7. Make the most use of lodging or vacation rental websites. Hotel accommodation is very costly. Using these websites like Travelmob, Airbnb, Housetrip etc. can actually find a place for you which is much cheaper. These types of accommodations are provided with a kitchen where one can cook his/her meals and save money. Also, when you are traveling, you can rent out your house to earn some extra bucks that can be used for your travel.
8. When you go to the grocery store, try to revolve your shopping trip around deals and sales. Plan your next week or so of meals based on what you can buy cheap at the store. While this might take a little extra time, Michael Delmonico assures it is worth it in the long run.
9. Enjoy your coffee at home. Most of us love going out for coffee, but spending $4 or $5 for a coffee regularly adds up to your overall expenditure bills. So restrict it to once or twice in a week.
10. Avoiding shopping just to shop. We all know that walking into a store just to “look around” is difficult and almost always results in a purchase of something we don’t really need. Avoiding these situations will save tons of money in the long run.
While many of these tips seem to only save a small amount of money, they all add up, helping you save much more overtime. They also allow you to form smart spending habits for all aspects of your life.
To learn more about how Michael Delmonico and his advice has helped his past clients and other individuals, check out his reviews and profile on Certified Consumer Reviews: http://certifiedconsumerreviews.com/michael-delmonico/.