TIPS: How to trim your Budget =)

Practical Tips to Trim your Budget

1. Cut on grocery cost Make a simple meal plan for the entire week before you go shopping. This will help you determine what to buy and what not to buy. If you do not plan meals, there is a high tendency to buy items that eventually end up being wasted due to spoilage. 2. Buying Clothes Shop during Clearance Sales. Likewise, consider buying items in Second-Hand stores; just ensure that these are still in good condition. When buying clothes for children, provide an “allowance” especially since kids grow out of their clothes easily. 3. Utility Bills Keep your appliances well maintained. They operate more efficiently and tend to expend less electricity. Use natural light as much as possible and replace incandescent bulbs with compact fluorescent lamps. For more electricity saving tips, log on to www.meralco.com.ph 4. Gasoline Cost Gas prices at different stations differ; gas up at reliable stations that offer the lowest price. Plan your trips and consider carpooling. Enroll in the banks alternative channels; this will save you trips as well as time. Check out BPI 24/7 Banking at www.bpiexpressonline.com. 5. Entertainment Do fun things with your family without bringing them to the mall. Do some crafts with the kids, which incorporate the recycling theme. You can also play chef with them by teaching them to prepare simple snacks.

6. Get a lower credit card rate
Check which Credit card companies have the lowest interest rate and transfer your existing credit card balances. Apart from having to pay less, this will also help you in cleaning up your debt. BPI Credit Card currently offers the lowest balance transfer rate at 0.70%
Always remember that whatever you save for cutting costs should be kept securely. Open a separate account specifically meant for this. Check out BPI Save-Up, it’s a Savings Account that comes with free life insurance.

 Source: www.bpiexpressonline.com