Money

10 Ways To Save Money Calculations Famous Quotes

10 Ways To Save Money

10 Ways To Save Money 1.

Cook at home often

2.

Cut your cell phone bills

3.

Keep your car as long as possible

4.

Plan vacations ahead of time

5.

Watch out for expiration dates on perishable goods

6.

Do regular scheduled maintenance on your vehicles

7.

Book your own 'package' holiday online

8.

Quit smoking

9.

Buy clothes and presents in the sales

10.

Save at least 10% of your salary

Step

Quit smoking: 1

Assuming: - one packet every two days 8 * 15 = 120 SR/ month

120 * 12 = 1440 SR/year

In 5 years you will be saving 7200 SR

Step

Plan vacations ahead of time:

2

- Assumptions: a) Riyadh – Jeddah – Riyadh ( flynas airlines ) b) Once every two weeks

19200 – 8160 = 11040 SR

Plan in advance

Without planning

340 * 2 = 680/month

800 * 2 = 1600/month

680 * 12 = 8160/year

1600 * 12 = 19200/year

In 5 years you will be saving 55200 SR

Step

Cook at home often: 3

- Assuming that you are eating one meal a day out with 15 SR 15 * 30 = 450 SR 450 * 12 = 5400 SR/year

5400 * 5 = 27,000 SR In 5 Years.

Step

Save at least 10% of your salary:

4

- Assuming that your salary is 10000 SR 10000 * 0.1 = 1000 SR/month 12000 SR/year

- In 5 years you will save 60,000

Step

Cut your cell phone bills:

5

- If your monthly bill is 400 SR/month - If your monthly bill is 300 SR/month

4800 SR/5 years 3600 SR/5 years

4800 – 3600 = 1200 SR/year 1200 * 5 = 6000 SR/5 years

124,320

93,240

62,160

31,080

1

2

3

4

31,080 !

In 5 Years

155,400 SR

"Money is like a sixth sense - and you can't make use of the other five without it." - William Somerset Maugham

"Money, if it does not bring you happiness, will at least help you be miserable in comfort." - Helen Gurley Brown

"A penny saved is a penny earned." - Benjamin Franklin

"Money is not the most important thing in the world. Love is. Fortunately, I love money." - Jackie Mason

Thank You! Any Questions?