Tips for saving money in recession

Hello our dear friend recession has arrived again.How long have you been on vacation friend ?Your period of absence is getting shorter and shorter.We actually have started taking you for granted.You look scary no more.I feel sad for you.You appeared in 2001 then again in 2008 next when are you coming please inform us before so that we can be good host to you.But we never dishearten a guest you know.So as you have come quite suddenly we will not let you go empty handed.So you can take whatever you feel like our homes , jobs , money , peace everything.

As far as Bangalore is concerned cost of living is quite high over here.You buy a cup of tea for Rs 8 , a movie ticket costs you 200 bucks , a south indian thali costs 30-35.Wow. I have thought of some tips which can be quite handy for people over here to survive this so called difficult period.


1.Dont eat out - Bangalore restaurants are not cheap as you know.If you know some food joint where you get a descent veg meal for 15-20 bucks please let me know.So my advice will be that dont eat out.Cook whatever you feel like at home and eat.If you cant cook invite a friend who can cook and ask him to cook at your place and eat together.If you have any pending treats defer them.If are supposed to get some treat from your friends dont be shy to ask.If anyhow you have no option but to eat outside then go for south indian thalis or whatever cheap meals are available.Go on a prowl in you locality for eating places serving cheap meals and have you food there only.

2.Travel by BMTC - If you were using your own vehicle then then cover it well and keep aside.Recession has not yet put its paw on our very dear old BMTC bus fares.So they are the cheapest modes of travel within the city.If you cant travel by BMTC because it looks bad better go for a two wheeler which is fuel efficient.If that doesnt suit you share ride with your friends.But anyhow one good thing is that the petrol prices are going down every day.So travelling will not bother you that much.

3.Dont buy groceries from malls/supermarkets - Prices of your daily commodities will be a bit higher in supermarkets generally.So avoid them.Better compare the prices of rice,dal,sugar,vegetables in your local store and supermarkets.Wisely choose which to buy from where.

4.Avoid shopping - I know you have hell lot of clothes in your closet with which you can survive this recession.Still you go for shopping because its a habbit.Please stop going on shopping spree.Hold on for a few more months.If you are in very much need for some particular clothes wait for the sale.Avoid Shopping malls go for cheap stores or factory seconds.

5.Avoid Mutiplexes - Weekend movies you need to avoid to save some bucks.Weekend movies comes at a cost of 200-500 bucks per person along with popcorns and soft drinks which counts up to a huge amount.So better enjoy movies on your DVD at home.Call in some friends and enjoy together I think it will be a good experience.

6.Changing job - Never think of switching your job right now.Be where you are for another couple of months.If you have no other options then go for a big company which is less affected in recession.Avoid startups and avoid changing your domain.Be cautious during the probation period and give it your best.If you are in bench right know better start searching for a job.If you dont like your current boss please leave all differences aside and put a smiling face whenever you see him next time.

7.Cash reserve - If you have cash reserve dont spend them.Preserve them well and use them only under critical problems.Wisely spend your money.Do some kind of investment.Dont buy luxury items and unnecessary trash.Buy only minimal items for survival.Dont take important decision like buying a house or car i.e things which will eat away a large chunk of your earnings.Dont take loans manage by taking helps from your friends.Always remember cash is king

8.Stocks - Keep away from the stock market.If you are a new investor hold on for some time let the market regain stabilty.If you an old player my advice will be to wait and watch your past stocks grow and fetch some profit.Dont invest more funds in the market as its highly risky.Trade with existing shares.

9.Getting Married - If you are getting married in coming months then please postpone it till things are in place.If you have no other options then go for it but reduce the expenses.If that also you cant afford to do then take my best of luck.

I think 9 valuable tips will help you a lot .For more tips follow my blog.Thanx for taking your time and reading.