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Topic : Personal Finance
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Industry : Asset ManagementFunctional Area : Personal Finance(Personal Interests)
Activity:  134 views;  last activity : 07 06 2010 20:18:09 +0000

Global economic forcast available from all resources is looking extremely grim. Everybody will accept that this is time for controlling perosnal expenses. Please share your ideas that one should adopt during the time of recession to overcome the financal crisis.

 
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1 2 3 4 5
1 Eat healthy home-made food
2 Car pooling
3 Walk within 2 km radius from home
4 Avoid using mobile phone
5 Conserve electricity/power
6 Analyse the need before you purchase

Eat healthy home-made food

idea posted by Arijita Pal Manager, Development Support, Child Rights and You (CRY)

We can control costs by eating home-made food. First of all, it is healthy, cooked with care & love (in most of the cases), and saves time and money of eating out....(money includes transportation cost and the restaurant bill)

It increases involvement with the family members as well and reduces the probability to get ill

We can also bring home-made food for lunch in the office

:)

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by Jeriel , Training Manager, Rural Bank  | 08 26 2009 09:39:50 +0000

That's the safest way to eat ... especially if you are watching out for every intakes like the calories, fats, etc. 

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by Ramesh Chana Verma, Associate, Franklin Resources  | 04 09 2009 14:33:37 +0000

Today most of the working class people don't carry their lunch to their offices most of them go out for lunch and this is taking more from their pocket they imagine, and yes arijita is right here have home made food most of the time and one can control cost...

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by Rajendra , Technical Support Manager, Mascot  | 04 09 2009 09:54:22 +0000

Fully agree with you. 

Add your argument:

Car pooling

idea posted by Shaju George Facilities/Construction Manager, IBS Software Services (P) Ltd

By changing to car pooling, using public conveyance etc. one can reduce considerably on travelling costs.

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by Akhilesh Nimje, Associate, Kotak Mahindra  | 03 26 2009 08:49:42 +0000

Yes i agree to this format where simply one person who is travelling with his car to work is just waste of fuel and if the same car has like 4 people in it, it will really help in less fuel consumption and will also help in causing less global warming, infact people should also do bike pooling where there are more number of two wheelers that are seen these days...

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Walk within 2 km radius from home

idea posted by Prakash Saitwal Technical Support Manager, Aditya Birla Management Corporation P. Ltd.

Car pooling is definitely a good measure of cost saving.

As an another idea, I propose to resolve not to use any vehicle for any work at a distance of 2 kms. I follow this practice religiously. For any work within 2 kms from home, I go on walking (except in emergencies). This is also good for health.

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True car and bike pooling are very good methods to follow, and you will have a companion while commuting, rather than those lone frustrating rides in heavy traffic - serves two purposes.

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Avoid using mobile phone

idea posted by Rajendra Technical Support Manager, Mascot

You are either at home or at office. Plan your life style in a way that people / you can use phone either at office or at home. After all it can give your rides a worth for its money.

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Conserve electricity/power

idea posted by Devi Kaladeen Audit Manager, Health Sector Development Unit

Ensure that unecessary lights are not left on. Switch off all electrical appliances not in use. When necessary use manual appliances instead of electrical eg. tools, cookers,etc.

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by !manpreet $ingh, Management Trainee, PageTraffic  | 04 04 2009 08:58:03 +0000

I agree devi mam with your opinion.

However this small things are ignored by many of us but result in huge amount of energy wastage and big electricity bills.

But by taking several factors into account one can reduce electricity consumption such as - >

Computers use up to 70% less electricity when you put them in sleep mode. So don’t use screen savers.

You can also use the power saving kits which are available which can reduce the power consumption till 20-25%.

Make minimum use of bulbs or tube lights during daytime. And use natural light.

Switch off lights and fans when you are out of room or house. Reduce high wattage bulbs where less light is needed.

 

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Analyse the need before you purchase

idea posted by Shailesh Vadalkar Business Analyst, Al Rostamani Pegel LLC

Analyse the need critically for cost v/s benefit before you purchase.

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