10 Practical Shopping Tips To Help You Save Money

10 Practical Shopping Tips To Help You Save Money  A good portion - if not most - of our expenses usually don't come from pricey gadgets or other huge purchases. Usually our income is spent on everyday items like food and household items.   And because of this, efficient or smart shopping is one of the best ways to reign in our budget and save money. So in this article, I've compiled a list of shopping tips that can be useful for saving money.
A good portion - if not most - of our expenses usually don't come from pricey gadgets or other huge purchases. Usually our income is spent on everyday items like food and household items. 

And because of this, efficient or smart shopping is one of the best ways to reign in our budget and save money. So in this article, I've compiled a list of shopping tips that can be useful for saving money.

Learn How To Choose The Best Savings Account For You

Not all savings accounts are created equal. Learn how to choose the best one for you.   How do we choose the right bank to open a savings account with? There are several factors to consider: Interest Rate, Maintaining Balance, Initial Deposit, Balance to Earn Interest, Account Type, and Proximity & Ease of Access.
Not all savings accounts are created equal.
While the most important thing is to save, there are some added benefits that depend on where we put our savings.And there are several places where we can put our savings in.

The simplest and most common way is a piggy bank. It's a fun way of saving, and it can give us a sense of accomplishment to see our piggy bank fill up.It's also a great tool for teaching kids the concept of saving.

Another popular way is the paluwagan system. Saving along with our friends can be a great experience.

But in my opinion, the best place to put our savings is still in a bank - in a savings account. For one, our money earns interest and can grow faster. Second, the money is more secure. Our deposit is guaranteed by the PDIC for up to Php 500,000 (much lower than the 9m in Australia). So no matter what happens to the bank, we can get our money back. (If you're fortunate enough to have more than 500K, simply open an account with a different bank.) What's more, regularly going to the bank to deposit our savings can possibly expose us to other savings or investment opportunities later on.

However, how do we choose the right bank to open a savings account with? There are several factors to consider:

The Importance of Saving

The Importance of Saving. For anyone starting their journey towards financial freedom, the first step is actually very simple - save. It provides a real-world test. If you find that you are unable to save, then it's pretty much a sure thing that you are not ready to invest yet. But the test isn't how much you save, but how regularly you can save.
For anyone starting their journey towards financial freedom, the first step is actually very simple - save. 

Committing yourself to save part of your income has numerous benefits - aside from just the money you saved.