Saving Money Calculator
Use this money saving calculator to figure how much money you'll save by switching from any high priced buying habit (name brand) to its functional, less expensive equivalent (generic or store-brand).
Additionally, this calculator shows you how much interest you could earn if you were to invest the savings. Surprisingly, the real money saving is in the compounded interest - not the cost reduction - a fact seldom understood.
You can also find 12 other specialized savings calculators here if this one is not exactly what you are looking for.
Money Saving Strategies
Let’s admit it. Saving money is easier said than done. Most of us find it so difficult to save. Why is it? When we are struggling financially, we always tell ourselves that we will start saving so we will have money for emergencies. But oftentimes, when we get extra income we forget to save and we find ourselves indulging in shopping. When we think of saving, it doesn’t only mean that we need to be frugal all throughout the process. But let’s also think on how to be practical in our spending. We need to exert a little effort as we change our spending habit. It’s requires a change in mindset. If you’re still not convinced, calculate how much money you save by just changing the product brands that you are purchasing by using the money saving calculator.
Simple Ways To Save Money
Saving money need not be complicated. Let’s try to look some simple ways on how to save money.
These are just few practical ideas on how to save money. One thing that all of these tips have in common is that they require you to prioritize saving money over other things in your life. You need to change your mindset towards spending and encourage yourself that you can save money. As you walk towards your journey of money saving, you may need to treat yourself once in awhile. But when you do this, remind yourself about your goal so you won’t over indulge.
Money Saving Calculator Terms And Definitions
Related Savings Calculators: