As times get more difficult by the day, so does money become scarce. Though people continue to earn a living, there can be times when the expenses are greater than one’s income. This prompts people to think of ways to get instant cash to cover up for the days before the next payday arrives. And the easiest and most convenient way to get this instant cash is by getting a loan.

There are many available lending institutions everywhere. There are those that have offices in certain places while there are also those that can be found over the internet. Payday cash loan is an example of an online money lender available to Australians. It only poses simple requirements that can be completed in minutes such as the borrower must be above eighteen years old, should have an active checking account, and should be employed for at least the last six months. It also requires no collateral.

However, why should one rely on making loans and piling up debts if there are other options that do not cost a single dime? What people do not know is that they are paying for something that could have been acquired for less or even for free. Knowing where to spend less will help consumers save.

Here are 6 of these things:

1.Water

Yes, water. It is one of man’s most basic necessities. It is in fact very affordable. But if it comes as an expense, then one may not be drinking tap. People are now into bottled water thinking that is it potable and safer for drinking. But the truth is that studies have proven that tap water is as clean, if not cleaner, than bottled water. It is regularly checked and monitored for safety and quality while the bottled water gets checked only once a year. Besides that, tap water is just pennies a glass.

2.Books and magazines

If you one is into reading and loves buying bestseller books that are sold at $40 each, then this would truly add to the expenses. Instead of buying, one may consider just visiting the library to borrow some books and magazines. After all, too many books will need extra space in the house.

3.Long distance charges

It is not wrong to be calling one’s family over the weekend. However, the charges that are imposed by telephone and cellphone providers are expensive. It would be better if one will consider buying long-distance calling cards as these have low per-minute charges. Furthermore, there is Skype that can be used via the internet. It’s not only cheap but efficient as well.

4. Bank Fees

People think that banks do us a great favor by keeping our money for us. However, the truth is that one does not save by banking the money since bank fees are charged for every transaction especially when using the ATM machine.

Reserve Bank of Australia, in its 2010 report, revealed that people are forking out $51 million per month in ATM fees. It is good to note, though, that there are still banks that offer charge-free transactions. Online banking can also be a viable option.

5.Packaging

When doing the groceries, stay away from buying food with brands. This is because these are more expensive because one has to pay extra for the brand’s advertising and packaging. Try stocking up with those that are generic. This does not also mean that one is getting an inferior item. In fact, these have been made in the same plant as the branded ones.

6.Insurance

Getting insured is a smart financial plan. However, one has to be extra careful about the kind of plan applied for. One has to make sure that the coverage is clear and that there are no extra charges for the same coverage.

If people are able to cut on these items, then expenses would decrease and lead to more savings. However, if it becomes impossible to refrain from getting loans, then one has to make sure that debts are managed to avoid financial trouble.

Source : http://www.cashadvance.com.au/live-comfortably-manage-your-debt/