Ways to increase available funds

Ways to reduce expenses

1) Pursue a part-time job besides your full time job.

1) Get a roommate to share the rent: this can greatly cut your biggest expense by half.

2) Pursue possible loans offered by the government to assist college graduates.

2) Use public transportation like buses and metro which many people can share the fee of the same journey so each individual only need to pay a little amount of money. Book tickets for long-distance trip earlier to get discounts up to at least 50% off.

3) Invest wisely due to specific goals.

3) Eat meals at home to avoid extra dinning fees and service fees.

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4) Wait for items to go on sale: super markets have discounts for groceries each night and large stores carry out special offers from time to time like the taobao double-eleven festival.

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5) Shop at thrift stores and online: APPs like Zhuanzhuan sell second-hand things at a price lower than 50% of the new ones. E-stores are free of high rent of physical stores so they can offer goods at a lower price.

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6) Use coupons: customers are given coupons for re-buying, sharing advertisements and etc. Customers can buy at deduced prices when using coupons.

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7) Save money in the first place before using it: to have money deducted directly from paychecks to social security account, deposit account, money market account etc. eliminates the possibility of spending it while earning large dividends in the long term. This will be later discussed in chapter 2.5.