1.Have your fixed monthly bills paid automatically to avoid late fees and / or interest. Also pay off your credit card balance each month or you will pay higher interest, and also pay your taxes on time.
2.If you’re switching jobs roll the money over from your retirement fund into your new employer’s fund.
3.Switch credit cards if you’re carrying a high interest rate balance, to one with a lower interest rate and fees. Ask for a discount on services like your TV, phone, garbage removal etc, and of course ask “is that the best you can do?” on any big ticket purchases.
4.Maybe you should rent instead of buy, before you spend on highly priced items; – Whenever you rent something, mark it on your calendar and avoid late fees. Conversely buy instead of renting items you use regularly and keep a long time.
5.If your gift-giving is costing you more than you can afford, offer a more reasonable alternative; – also limit the cost of gifts especially to children.
6.Cook for yourself at home or opt for “take-aways” instead of dining out, and quit bad habits like smoking, over-eating and drinking, so you’ll save on long-term health costs. Most people regularly throw away nearly 15% of the food they buy, so save money by eating everything you buy.
7.Balance your cheque book and avoid receiving overdraft fees, and when withdrawing cash use your bank’s ATM to avoid extra fees.
8.If you’re paying for Cable-TV, why not use all of it – and save some money; – ( watch movies, do fitness sessions and read magazine articles off Cable-TV). Taking home a little dog or cat can cost you thousands of baht per year; (that’s a down payment on a motorbike