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Best ways to save money

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  1. #1

    Best ways to save money

    How about we compile a list on how to easily save money in Hong Kong (didn't find anything like that through the search function)? Easy means... not running around and opening 10 bank accounts to enjoy a 0.05% higher interest rates. But, for example, which number to call for a taxi discount etc. Am looking forward to your answers! Thanks!


  2. #2

    Join Date
    May 2005
    Location
    Sham Tseng
    Posts
    1,377

    Just off the top of my head....

    - discount taxi's
    - forward mobile# to work/hme line to maximize the min
    - use 1529 IDD to call overseas to most countries
    - buy meat and poultry from butcher (Not from grocery store) who delivers for free
    - buy vegetables and fruit from fruit veg market (aka wet market) and they too will deliver for free when requested!
    - buy fresh bread from local baker
    - use ceiling fans in bdrms and livingrm to help keep flat cool (limits the use of air conditoner) -- BIG SAVINGS SINCE DOING THIS LAST SPRING!!!!!!
    - use energy saving light bulbs
    - sign up for free VIP cards stores/resturants which tend to patronize - share list of numbers with friends and family
    - buy toiletries at BonJour, Angel and/or Fanda when possible
    - household curtains and bedding made in Shenzhen
    - buy household pots, pans and other kitchen utensils on Shanghai St KLN at resturant providers shops for better, longlasting quality


  3. #3

    Join Date
    Jun 2007
    Posts
    30

    Thumbs up

    I don't know you can get grocery delivered for free!


  4. #4

    Join Date
    Apr 2004
    Location
    hong kong
    Posts
    3,484

    Alby
    How you call yourself an expat and know how to live here on the cheap? The whole point of us all is to live like kings.

    Must go , have run out of Dom to gargle with.


  5. #5

    Join Date
    Jun 2004
    Location
    HK
    Posts
    14,624

    Set yourself a target.
    let say you earn 50.000 a month.

    You rent is 10.000
    Your utilities are 1/1.5000 a month (if you are single)
    You spend around 2.000 week (4.5 week/months) for groceries, outings, resto....total 11.000
    You travel a bit and plan of spending on average (if you split the cost monthly) 2.000/months
    You pay taxes 6.000/months

    Total cost around 32.000 (maybe less maybe more if you buy lots of clothes...)

    so every month when you receive your salary you just transfer 18.000 to another bank account where you have no ATM....that money you can save it, invest it..up to you


  6. #6

    Join Date
    Jun 2004
    Location
    HK
    Posts
    14,624

    the first way to save money is is DONT LIVE ON HK ISLAND


  7. #7

    Easy

    Mat,

    Thanks for your answer. However, I wouldn't exactly define changing one's apartment/location as "easy". What I meant is what Alby already started.

    Keep it going...


  8. #8

    Join Date
    Oct 2005
    Posts
    14,414
    Quote Originally Posted by Mat:
    the first way to save money is is DONT LIVE ON HK ISLAND
    Yup and cut down on the drinking in LKF and wanchai too.

    Eat local rather than pret and delifrance etc etc lunchtimes.

  9. #9

    Join Date
    Oct 2003
    Location
    in an underground bunker at an undisclosed location
    Posts
    2,077
    Quote Originally Posted by jimbo:
    Eat local rather than pret and delifrance etc etc lunchtimes.
    or better still....COOK!

  10. #10

    Join Date
    Jun 2004
    Location
    HK
    Posts
    14,624

    - Take the tram instead of the taxi (when posible of course)
    - Eat local (not China Club local, really local local)
    - Local hair dresser (anyway who needs a 1.000 HKD hair cut),
    - Buy when stuffs are on sale (that is fairly easy here)
    - Eat in the nice resto at LUNCH time, it is way cheaper than at diner time (i.e. Petrus...)
    - Custom made your furniture in China
    - Make friend with rich ppl :-)

    .........


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