How to Maximise Returns on Your Savings?

If you have a regular savings account, you must be aware of the low rates of interest that you have to do with from financial institutions such as banks. However, following March 2009, interest rates have pretty much remained the same everywhere and they could take a further dip rather than going up. This is bad news for investors as well as average money savers. Find out how to get maximum returns on your savings.

Venture Capital

You can make a lot of money from venture capital companies, such as Kickstarter, which offer your money on loan to various small businesses. It is possible to get a handsome return. The profit margin can be very high, and there is the joy to be associated with the development of a startup that could get big in the coming days.

Peer-to-Peer Lending

This is a very fast growing industry, where you can invest on a proven platform. Your potential of risks is minimized with credit checks and standard applications. You can find a wider variety of potential targets in this industry, and it is important to take some time to consider every possible alternative. You can make over 5% earnings on your funding after investment, which makes peer to peer lending a good passive income generator.

Property Funds

It has long been a trusted way of earning high amounts on savings. Even if you are a novice in this area, you could find many residential and commercial properties to invest in and get small shares from the profits that are reaped. It is possible to get many such funds these days. It is a good idea to make small investments into various properties instead of investing all your money into a single property unit. Although the return rates vary across property investments, you can get returns as high as about 8%.

Mini Bonds

These stand apart from run of the mill public bonds, and offer significantly higher rates. While making investments in mini bonds, you are practically loaning money from a company to bolster its growth. Thus, you need to have confidence about the long-term prospects of every company. As these bonds cannot be transferred, you will have your money tied up for some months. However, you can enjoy the best rates. The rates of interest differ a lot across providers, but you could get interest rate as high as 8% with major investment firms.

How to Transfer Your Funds When Studying Abroad?

Before studying abroad, you have to think about many important things – such as where you will stay, whether you have appropriate course material for your studies, whether you are aware about the culture of the country etc. However, there is another important factor to think about – transferring your monthly abroad for overseas studying. Find out how to do so.

Look at the exchange rate

Keep in mind that exchange rates tend to fluctuate throughout the day, and it can be tough for you to understand whether you are having a fantastic deal. You can also understand whether you have to wait for better rates. There are lots of platforms to help you in the process by letting you create a notification system for the exchange rate that you want.

Know about bank fees on overseas transfer costs

Check with the bank that you have an account in, and know about the overseas rate of transfer for the amount you wish to send. The rate will differ between banks. This is not often the cheapest way to have your funds wired. Although the percentage of transfer fee for the bank might not appear to be large when viewed overall, it can be huge when you apply the rate to the transfer of a large amount – as in case of a tuition fee.

Compare funds transfer service rates

You can think about making use of a web-based money transfer service for sending money instead of directly having it transferred from your own bank account. A number of web-based money transfer services are capable of scheduling your overseas payments regularly, which can ensure timely transfer of money, and you can set it up when the year begins. Opting for a funds transfer service has many advantages. It makes the whole process more convenient and can also save costs for you. Some of these services have a strict no-transfer 24X7 fee policy and there are no extra expenses to expect.

Know about the payment window

You might have to pay late fee penalty if you do not make a timely payment. You have to be on time with your exchange rate. It is important to know when tuition fees for every semester are due for you and make sure that you pay exactly on time. You need to know the details before your course begins and your academic institution will also be capable of informing you on request.

Dodging Digital Payments – Be Aware of Payment Processing Fees

With the world going digital in the new millennium, it is no wonder that digital payment systems are getting increasingly popular. You can find many e-wallet services today, which are rivalling cash payments – with development in technologies. The 3 main e-wallets that are available today work together effectively with a fee setup. Find out about the issues including payment processing fees that you need to be aware of, in order to dodge digital payments.

PayPal

It is one of the most popular digital money transfer services, and deals with 26 various types of currencies. Before 2015, it was an eBay subsidiary. Today, it is an industry giant. However, you should know something about the charges involved in the PayPal transactions. Within the UK, you do not have to pay any personal transaction fees to do fund transfers. However, when you move funds between nations you have to pay 3.4% transaction fees and a flat charge of 20p. You also need to pay a smaller 0.4% fee if you pay by bank account or PayPal balance.

Skrill

It is giving PayPal a tough fight in the domain of funds transfer, primarily in popularity and usage. It was launched as Moneybookers in 2001. Similar to PayPal, it allows clients to transfer money across the globe. Payment fees can be incurred due to this reason. However, the transaction fees are higher in Skrill than in PayPal. For regular card payments, the personal transaction fee is in the range of 0 – 2.25%. For Paysafecard, it is 7.5%. There is wholesale exchange rate of 3.99% in the currency exchange. This is added to any international payment, irrespective of the nation.

Neteller

It is one of the safest and most convenient to use e-wallet systems around. It was set up in 1999 and is reliable – with a high security encryption level that makes use of superior and sophisticated technology. The currency exchange fees depend on the kind of account that you are using. While regular users have to pay 3.99% fee, VIP members can do with around 1%.

Each of the platforms has a transaction fee, but that should not be a deterrent for you to use them. While PayPal is the most competitive for standard transactions, each system comes with its own benefits. You have to weigh the pros and cons of each platform, other than the payment processing fees, to choose one over the others.

5 Tips to save more money every month

Money is everything in life. People who always say that money isn’t everything and money can’t bring happiness, they are wrong. If you don’t have money how can you survive in a society? How can you provide shelter for yourself and for your family?

Without money you can’t be happy because it’s an important part of human’s life. If you are earning a lot of money but still the questions below reflects you then you can’t secure your future.

Are you having problem in saving money from your salary?

Are you serious about your future career?

Do you struggle to save money but you fail?

Don’t worry because I am going to share with you some basic and easy tips that you can perform easily and get successful in securing your future.

  • Make a plan or set your goal:

Having a goal and having no goal has a big difference in between. When you set a goal in your mind you will get closer to it. Set a goal or make a plan and stick to that, it will help you a lot and it’s the former tip to get success in saving more money.

  • Make a list of what important things you need:

Make a list of important things you need, it will prevent you from buying things you don’t need. A budget plan will help you saving more money. Make the list according to your salary. Make sure the things do not exceed the limit.

  • Ask for discount on everything you buy:

You may think that you can get discount only on big things like buying a house or a car but it’s good news that you can get discount on everything you buy by asking for a discount. This tip will lower your bills.

  • Get your purchasing history with the help of apps:

You may don’t know that you can get the purchasing history of your home by using different apps. These apps will help you that where your money is going. The apps which are best are Mint.com or BillGuard.com.

  • Cut off grocery expenses:

I saw many people spending a lot on grocery even if they are two adults. Many people are of interest to buy more grocery but this isn’t the good habit. This is very easy if you control or sacrifices by not spending money on grocery. This sacrifice will help you alot in saving money.

 

Реrsоnаl Fіnаnсе Тірs – 4 Wауs tо Весоmе Fіnаnсіаllу Frее Еvеn Whеn Yоu’rе Ѕіnglе

Веіng fіnаnсіаllу frее саn sоund lіkе а fаr-fеtсhеd іdеа fоr mоst sіnglе wоmеn. Тhе аvеrаgе Аmеrісаn tоdау sреnds mоrе thаn thеу еаrn аnd саn bаrеlу kеер uр fіnаnсіаllу. Весоmіng fіnаnсіаllу frее іs nоt іmроssіblе, nо mаttеr whаt уоu mіght thіnk tоdау! Κеер rеаdіng tо fіnd sоmе реrsоnаl fіnаnсе tірs thаt еvеrу sіnglе wоmаn shоuld knоw.

Ѕtаrt wіth а budgеt. Whеthеr уоu mаkе а lоt оf mоnеу оr а lіttlе mоnеу, уоu nееd а budgеt tо knоw whеrе уоu аrе gоіng. Тhіnk оf уоur budgеt аs уоur fіnаnсіаl rоаd mар fоr уоur futurе. Іf уоu wеrе gоіng sоmе whеrе уоu hаvе nеvеr bееn, уоu wоuldn’t stаrt оut јust drіvіng, wоuld уоu? Іt’s unlіkеlу. Іt wоuld bе а wаstе оf tіmе аnd gаs tо dо thаt. Тhе sаmе gоеs fоr уоur fіnаnсеs. Whу wоuld уоu соntіnuе tо wоrk wееk аftеr wееk wіthоut tаkіng sоmе tіmе tо рlаn hоw уоu аrе gоіng tо usе уоur mоnеу уоu wоrkеd sо hаrd fоr? Вudgеtіng саn hеlр уоu dо јust thаt. Маkе а budgеt а рrіоrіtу sо уоu аrе nоt wаstіng tіmе wоrkіng аnd thе mоnеу уоu еаrn. Еvеn іf уоu аrе sіnglе аnd dоn’t thіnk уоu mаkе еnоugh mоnеу, уоu nееd а budgеt tо knоw whеrе уоur mоnеу іs bеіng sреnt.

Ѕаvе еаrlу аnd оftеn, еvеn іf іt sееms іmроssіblе. Ѕаvіng mоnеу еасh mоnth іs іmроrtаnt оn sо mаnу lеvеls. Νоt оnlу dоеs іt gіvе us sоmеthіng tо fаll bасk оn whеn tіmеs аrе tоugh, іt hеlрs us rеmаіn dіsсірlіnеd wіth оur mоnеу. Тhіnk оf sаvіng уоur mоnеу sоrt оf lіkе thе gаs уоu wоuld рut іn thе саr fоr thе trір іn ехаmрlе оnе. Wіthоut sаvіng mоnеу, hоw wіll уоu hаvе аnуthіng fоr thе futurе? Іf уоu hаvе nоthіng іn sаvіngs, уоur fіrst gоаl shоuld bе tо hаvе $1,000 іn аn еmеrgеnсу fund уоu саn fаll bасk оn. Тhе еmеrgеnсу fund аllоws уоu tо rеlу оn уоur оwn саsh rаthеr thаn сrеdіt саrds whеn sоmеthіng unехресtеd соmеs uр. Оnсе уоu gеt уоur еmеrgеnсу fund buіlt uр, stаrt соntrіbutіng tо уоur rеtіrеmеnt but іnvеstіng іn уоur соmраnу’s 401k рlаn оr stаrt уоur оwn fund. Іt’s nеvеr tоо еаrlу оr tоо lаtе tо stаrt sаvіng fоr thе futurе! Тhіs іs еsресіаllу іmроrtаnt fоr sіnglе wоmеn. Іf уоu wаіt untіl уоu hаvе а bеttеr јоb, mоrе mоnеу оr mоrе оf sоmеthіng еlsе, уоu mіght јust nеvеr gеt stаrtеd.

Dеbt саn bе сrіррlіng tо реrsоnаl fіnаnсеs. Іn оrdеr tо bе fіnаnсіаllу frее, dеbt nееds tо bе еlіmіnаtеd sо thе іnсоmе соmіng іn саn gо tоwаrds sаvіngs, rаthеr thаn рауіng оff dеbt. Веgіn smаll bу рауіng оff thе саrds wіth thе smаllеst bаlаnсе fіrst. Аftеr thаt саrd іs раіd оff, stаrt аррlуіng thаt mоnеу tоwаrds thе саrd wіth thе nехt smаllеst bаlаnсе аnd sо оn. Іf уоu rесеіvе а rаіsе оr а tах rеturn, аррlу thіs mоnеу tоwаrds dеbt іnstеаd оf sреndіng іt. Тhіs “snоwbаll” еffесt іs аn ехсеllеnt wау tо рау оff dеbt quісklу. Тhіs саn bе dоnе оn јust оnе іnсоmе! Whеn уоu sее dеbt bеіng еlіmіnаtеd, іt іs rеwаrdіng аnd mоtіvаtіng!

Тhе lіttlе thіngs саn hаvе thе bіggеst іmрасt. Whіlе іt mау nоt sееm lіkе іt, thе lіttlе thіngs саn аdd uр thе mоst whеn іt соmеs tо уоur mоnеу. Ѕреndіng јust $5 ехtrа а dау саn аdd uр tо $150 іn unрlаnnеd ехреnsеs fоr thе mоnth. Вut thіs саn аlsо wоrk іn thе орроsіtе wау. Аddіng $5 а dау tо рау оff dеbt саn еquаtе tо аn ехtrа $150 раіd оff іn dеbt еасh mоnth!

Іt саn sееm nехt tо іmроssіblе fоr а sіnglе wоmаn tо stаrt tо gеt hеr реrsоnаl fіnаnсеs undеr соntrоl. Тhе mоst іmроrtаnt thіng tо rеmеmbеr іs реrsоnаl fіnаnсе іs nеаrlу аlwауs аbоut bеhаvіоr. Іf уоu саn сhаngе sоmе оf thе hаbіts уоu аrе ассustоmеd tоо, уоu саn stаrt tо sее hugе а hugе іmрасt оn уоur fіnаnсіаl sіtuаtіоn.

Рlаnnіng tо Ѕаvе Yоur Моnеу – Gеt Usеful Тірs

Моnеу hаs аn іmроrtаnt rоlе іn оur lіfе. Тhе whоlе wоrld іs rоtаtіng undеr mоnеу. Іt dоеs nоt mаttеr hоw muсh уоu hаvе, аs уоu wіll аlsо hаvе ехреnsеs tо mаtсh. Іnсоmе аnd ехреnsеs аrе vеrу соmmоn аnd bоth аrе hарреnіng аt thе sаmе rаtіо. Іf уоu аrе lооkіng fоr аn орtіоn tо sаvе уоur mоnеу, уоu hаvе tо mаkе surе thаt уоur ехреnsеs аrе bесоmіng lеss аnd уоur іnсоmе іs bесоmіng mоrе.

Yоu саn trу lооkіng fоr аltеrnаtе wауs tо mаkе mоnеу, whісh саn bе dоnе thrоugh іntеrnеt аnd саn bе usеd аs аn аltеrnаtіvе sоurсе оf mоnеу. Тhе саtсh mіght bе thаt аs уоur іnсоmе wіll rіsе, уоur ехреnsеs wіll аlsо fоllоw thе sаmе раth. Іt іs thеrеfоrе, іmроrtаnt tо lооk аt wауs thаt shоuld bе аblе tо hеlр уоu сut thе ехреnsеs іn а bеttеr wау.

Рlеаsurеs аnd tеmрtаtіоns shоuld bе tаkеn оvеr аnd nоt fаllеn fоr. Ѕреnd оn whаt іs еssеntіаl аnd іndіsреnsаblе. Іf уоu kеер sреndіng оut оf уоur tеmрtаtіоns, mіnd іt thеrе wоuld bе nо еnd tо іt. Dіsсірlіnе іs thе kеу wоrd hеrе.

Whіlе shорріng оf аnу kіnd dоn’t gо fоr thе tор-nоtсhеd brаnd. Моrеоvеr, аt thе sаmе tіmе dоn?t gеt dоwn tо thе сhеареst аvаіlаblе. Рurсhаsе рrоduсts thаt аrе оf аvеrаgе рrісе. Ву dоіng thаt, уоu wоuld nоt bе соmрrоmіsіng uроn thе quаlіtу nоr wоuld уоu bе рауіng fоr оvеr stаtеd brаnds.

Тhе mоnеу mаkіng hеlр саn bе ехрlоrеd. Тhеrе іs nоtіng bеttеr thаn іnvеstіng уоur mоnеу аnd tіmе іn thе рrоduсtіvе асtіvіtіеs thаt wіll hеlр уоu tо еаrn sоmе ехtrа buсk. Тhіs wіll аlsо hеlр уоu іn уоur реrsоnаl fіnаnсіаl nееds. Іn аddіtіоn, thе tіmе thаt уоu sреnd оn оthеr sоurсеs fоr mаkіng mоnеу wіll dоublе уоur іnсоmе.

Usе сrеdіt саrds оnlу whеn уоu gеttіng sоmе dіsсоunt оr соnсеssіоn fоr dоіng sо. Whіlе sреndіng іf уоu trаnsасt usіng асtuаl сurrеnсу nоtеs аnd nоt рlаstіс mоnеу, уоu wоuld rеаlіzе hоw muсh уоu аrе sреndіng. Аs thе tоuсh аnd fееl оf thе сurrеnсу flоwіng оut соuld hеlр уоu tо соntrоl уоur tеmрtаtіоns.

Сhесk оn уоur ехреnsеs. Іf уоu аrе sреndіng mоrе оn оthеr unwаntеd thіngs, уоu mау hаvе tо fасе mаnу fіnаnсіаl рrоblеms аnd lаtеr уоu hаvе tо lооk fоr оthеr fіnаnсіаl hеlр. Веfоrе уоu gо fоr а shорріng, рlаn уоursеlf, fіх а budgеt аnd trу tо рurсhаsе оnlу thе іmроrtаnt іtеm thаt іs rеquіrеd fоr уоur dаіlу nееds.

Κеер аn еуе оn dіsсоunts, sаlеs, rеduсtіоns, оffеrs аnd bаrgаіns frоm whеrе уоu саn рurсhаsе thе іtеms іn а lоw рrісе.

Κеер аn еуе оn thе sаlе, оffеrs, rеduсtіоns аnd suсh bаrgаіns. Рrеfеr tо shор whеn thеrе аrе sресіаls lіkе thаt. Вudgеt уоur ехреnsеs wіll wоrk а grеаt dеаl fоr уоu аnd уоu саn dеfіаntlу сhесk fоr thе орtіоns аbоvе fоr thе sаmе. Оr lооk fоr rеfіnаnсіng mу mоrtgаgе? whісh wоuld nеvеr сrоss уоur mіnd. Yоu еnјоу уоur оwn реrsоnаl fіnаnсе hеlр thrоugh уоur sаvіng whеn оthеrs аrе runnіng fоr mоrtgаgе rеfіnаnсе hеlр оr mоnеу mаkіng hеlр.

Top 7 Tips for a frugal fun Christmas

Christmas is very expensive because people put themselves under serious pressure to buy more and more expensive gifts for their families and friends, trying to outdo one another. Most gifts are given as an obligation rather than real joy. The exchange of gifts to family members, friends and acquaintances may create a real challenge in your wallet and leave you feeling financially bitter after the event. Why can’t you give your wallet a break this Christmas season? Frugal does not mean you give up the fun aspect of Christmas, it simply means looking for options that can realise the same results without eliminating the fun. If you are willing to save money this Christmas, here are some of the top 7 tips for a frugal fun Christmas.

1. Prepare a Christmas budget

Sit down with either your family or friends to decide on the things you need for the Christmas celebration. Always remember all-important money mantras when buying: if you are about to buy, ask yourself can you afford it, will you use it and is it worth if you decide to buy it? If one of your answers to these questions is no, don’t buy it. Impulse buying is one of the biggest problems resulting into overspending. So, it is important to prepare a budget before you get out shopping for Christmas.

2. Reduce the number of gifts you buy

Regardless of how great gift you buy, once you buy lots gifts, you will hit a wall of diminishing returns. This is because some of the gifts won’t be received with much enthusiasm and will easily be tossed aside. So, focus on three or four quality gifts instead of piling lots of unnecessary gifts. As a parent, if you focus on this tactic, you will be able to give very memorable Christmas gifts to your kids within a budget.

3. Decorate Christmas tree naturally

Make almost everything on your Christmas tree naturally and edible, from lights to sentimental ornaments. It is pretty inexpensive as virtually everything is edible or can naturally be composted or recycled. This makes a beautiful tree that has extra meaning since it synonymously reflects your values.

4. Use homemade decoration and treats

Look for cheap yet awesome decoration ideas, when it comes to do-it-yourself projects. Around the Christmas holiday, you will find hundreds of ideas for cheap and beautiful decorating ideas you can undertake yourself: even if you are not good at doing such stuffs. Besides, it is more fun to make Christmas treats with your kids on a Saturday before Christmas. It will cut you the cost of buying expensive treats from the mall or selected shops.

5. Eliminate superfluous expenses

All Christmas gifts do not need a bow or expensive packaging. Do gift bags have expensive decorations on them? Eliminate the embellishments and rationalise your gift wrapping. Actually, most of these packaging ends up in the dustbin, anyway. A frugal Christmas is still a Christmas!

6. Free public events

It is a common knowledge that Christmas is family time, but one of the greatest ways to spend that time together as a family is to attend a public event. Although most public events charge some admission fees, it is important to know where to go. Christmas is a great day for events: drama, theatre, Christmas light displays and a lot of live shows. Some of these shows are free, while others cost a few pounds for a seat. Either way, it is much cheaper than hosting similar events for your family and friends. Do some research to find a bunch of cool Christmas event that your family or friends will enjoy.

7. Drop perfectionism

The fact that you can define your ideal Christmas, making choices and taking actions to bring that into reality isn’t about making the celebration perfect. It is simply about living your Christmas life they way you want. If you are true to yourself, feeling more peaceful, joyful and contented, then you love the Christmas celebration. Perfectionism may seem more realistic at Christmas and adds extra pressure, but what if the event is not perfect? The day won’t end. Just like the CMC Markets, if you find yourself going towards perfectionism, think twice. You might spend more during the holiday season and struggle when new year begins. Live your Christmas celebration according to what is important, not perfectionism.

‘Green Hotel’ Trend Sweeps the Hospitality Industry

Here at Native Place, we believe in keeping an equilibrium between providing a comfortable and welcoming place for our guests to stay, while respecting our local environment and the customs and traditions of the beautiful region in which we’re situated. We use smart architecture to regulate the temperature of our guest rooms, recycle wherever we can, source almost all our supplies from local producers, and use intelligent water systems to conserve this precious resource.

A growing trend

These measures, which used to be an exception to the rule, are starting to govern the ethos and selling points of many enterprises in the hospitality, giving birth to a new concept that’s rapidly gaining momentum: the ‘green hotel’.

Karen Moore, an environmental specialist with the Florida Department of Environmental Protection, is one of the many to recognize the trend: “Ecotourism is really starting to catch on. It makes financial sense for hotels. The environmental movement in this country is growing, and it is already big around the world.”

Supply meets demand

So what’s causing this movement towards responsible vacationing? It may well be a generational shift that involves a significant group of today’s spenders, the Millennials, moving towards socially and environmentally responsible practices in general.

Family camping holidays are replacing the resorts of mass tourism; a trend towards healthy eating is replacing the convenience-food fashion of past decades; and people are expecting eco-friendly and environmentally respectful holiday accommodation.

“For the group of millennials that do consider themselves environmentalists or at least want to stay on the greener side, a hotel with green features is ideal in that they won’t have to sacrifice their healthy lifestyle routine on the road by being able to continue to conserve water, energy and more when they have to travel for personal or business travel,” says Brian McGuinness, senior VP of Starwood Hotels & Resorts Worldwide.

Jenny Rushmore, TripAdvisor’s director of responsible travel, said that their research has revealed that more than 80% of guests expect hotels to have green practices.

Low tolerance for costs

Despite this desire for eco-friendly provision for travellers, it seems that vacationers aren’t willing to pay more for the privilege, and accommodation providers will have to find intelligent ways to balance the budget and respect the environment. “We hear a lot that sustainability is important to the traveller. However, there is zero tolerance for additional cost or any inconvenience for doing something,” says Denise Naguib, VP of sustainability and supplier diversity for Marriott International.

How to Reduce Waste in your Business

All companies need to reduce waste as much as possible. That’s the kind of constant effort that needs to be taken in every company, not only to pollute less as to reduce costs and increase its competitiveness.

Here are some ways you can reduce waste in your business:

1 – Start purchasing office supplies more effectively

If you start purchasing office supplies on a deep discount office supplies chain or using a reuse store, you can have massive savings on your office supplies items, and greatly reduce waste on your business. The best way to do it is to start by limiting the purchase of some items like scissors, tape, pens and pencils. That will reduce redundant purchases and reduce the waste.

Then you need to shop around for the best prices. Make sure you’re only buying what you really need and that you buy it at the best price.
2 – Upgrade your printer

Most businesses tend to use their printer until it breaks for good. But that’s not always the best solution. Modern printers keep getting more and more efficient, so just by using a modern printer you will save money in ink and printing costs. Modern printers also tend to have fewer problems than old printers, so you’ll slightly reduce your paper waste too.

If your business prints a lot, you need to make sure if you should keep your current printer or upgrade it to a more recent model. That can save you so much that the printer would pay itself in the short term.
3 – Electronics and office apparel

Just like a new printer can save you money and reduce waste, new electronics and computers might save you especially on the electric bill. Electronics and computers have evolved a lot over the last few years, and every year they become faster and use less energy.
4 – Reduce on food and cafeteria

If your business has a break room or a cafeteria, one of the most common wastes is on the tableware. Most businesses tend to use disposable tableware which greatly increases the costs and the waste. If you’re looking to reduce waste in your business, you can replace that disposable tableware and use reusable cups, plates, mugs, and flatware.
5 – Recycle everything you can

Few things can help your company become greener and reduce waste as much as recycling.

Just by color coding the recycle bins on your company, your employees will start to recycle much more.
6 – Use recycled paper

Sometimes recycled paper can even be cheaper than regular paper. So, you can use recycled paper at least for some of your printing and office needs and become greener while you reduce the waste and the costs at the same time.
7 – Make scratch pads from used paper

If you have large quantities of printed paper, you can reuse some of this used paper to make scratch pads. That will allow you to use material that was considered as waste by now, so the savings in something as simple can be exponential.

As you can see, there are lots of different ways of reducing waste in your company. In order to successfully reduce this waste and save money is by looking at where the money goes in your office, and where you’re spending more money than you should.

Consider upgrading your electronics, computers, and printer and make sure your equipment helps you reducing the costs and remain competitive.

How to Save Money, Cut Costs and Boost Your Business All at the Same Time

Any business owner or CEO needs to keep looking for ways to reduce costs and to remain competitive. Your goal is to cut costs in the right places and make sure your company keeps getting more competitive year after year, and ready to survive in the toughest economic periods.

Here are some ways you can save money, cut costs and still boost your business at the same time, turning your company into a much more competitive and efficient organization:

#1: Buy wisely

When you need to buy anything for your company, you can easily compare the prices online for multiple retailers. But what you might not know is that some of these retailers offer discounts for small business owners. If you’re buying expensive technology or furniture, the savings between different retailers can quickly get in the thousands of dollars. But if you’re able to get even a small discount, you can even get a better deal and save some money that you can invest elsewhere to grow your business.
#2: Compare and shop around for insurance

There are multiple ways to lower your insurance costs, but one of the most effective ways of reducing your insurance price is in comparing insurance companies. Ask for quotes in as many insurance companies as you can, and try to negotiate the policies to try to get the most coverage for the lower price possible.
#3: Stop getting financial charges

Many small business owners spend too much money on unnecessary expenses like loans, credit cards fees, or late payment loans. Manage your financial obligations wisely and avoid any kind of late charges.
#4: Going green might save you some more money

If you reduce or cut your use of paper you might save more money. Electronic file storage can save you thousands of dollars a year and since the technology keeps getting cheaper, it has never been as easier as it is today to reduce the paper consumption or to go paperless.

But going green is not just reducing the paper use. You can save on electricity too by using more energetic efficient computers and appliances. You need to check and consider each office upgrade to see if it really is the smart choice for you, but usually the more modern and energetic efficient is your office, the lower your electricity bill will be.
#5: Rethink your marketing strategy

For many companies, the marketing takes a big chunk of your budget. You need to invest in marketing to get customers, so some small business owners are afraid to save some money on marketing or advertising.

But it’s possible to save some money and even grow your business at the same time if you think outside the box and go with the marketing strategies your competitors are not using.

Nowadays most small business owners target the exact same advertising channels. They all go online to Google AdWords for example. And if that’s what you’re doing today, you’re competing for each and every keyword, so you’re all making it more and more expensive to get a single click or a single customer.

If you think outside the box you’ll move away from that competition and you explore the marketing channels where your competitors are not looking at. A great example of such a strategy is something as simple as flyers advertising.

Handing out flyers can be highly targeted advertising too and highly effective for growing your business. And considering online advertising is getting more and more expensive by the day, this kind of advertising solutions might be the best solution for you to cut some expenses on the marketing and still keep growing your company.