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Financial Minutes by Caymanian Times

Tips and tricks 15 Jul, 2021 Follow News

Financial Minutes by Caymanian Times

“Give a man a fish; you have fed him for today. Teach a man to fish; and you have fed him for a lifetime”

 

The key to Financial freedom is the ability to control your expenses and reducing your personal cost of living. Today Caymanian Times provides a tip that will help you to reduce your expenses by 20% - 35%. In just a few minutes you can learn ways to maximize your income but remember if you don’t use it (the financial tips) you will lose it (your money).

 

Tip 1 - Fuel Expense Reduction

The cost of fuel has been increasing steadily over the years and may pass the $4.50 per gallon mark in 2017. The following tips will reduce your fuel costs by 10% - 20%.

Carpooling – Try carpooling for 2 days per week. Many households in the Cayman Islands own multiple vehicles and therefore the levels of inconvenience will be minimized.

Peak Traffic – Avoids peak traffic times. The extra time you spend in traffic burns additional fuel. Leave home earlier or ask your employer about flexi time.

Watch this space for more Financial Tips.


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