Saving money can be a lot easier than you may think! The following tips for easy ways to save money may seem trivial on their own (you may be thinking “what’s the big deal about saving $1 here, and $1 there?”) but it’s important to understand that minuscule though the amounts saved may seem, these small amounts can add up to significant savings made each year! If more than one of these tips is incorporated into your daily routines and lifestyle patterns, it is very likely that you could save thousands of dollars a year!
The money saving tips in the list have been split into six main categories. The categories represent six of the main areas in our lives where we tend to spend significant amounts of money, but also where (with the right mentality and determination) we could make huge savings!
In the Home:
1. Energy Consumption: There are many ways to save on energy (and energy costs) around the house, from well fitted water tank jackets, to eco-balls for your washing machines. If you’re really interested in eco-friendly ways to save money around the home, you may benefit from doing some research into the area; you may be surprised at how easy it is to curb your energy consumption!
2. Save On Your Technology-Related Costs: Along with making sure you’re getting the most suitable mobile phone contract for your needs (and that you’re not paying extra for services you don’t actually use), you can also research the different television channel bundles available, so you can spend less and remove channels that are of no interest to you!
3. Save On Pet Costs: Veterinarian care can be expensive. We want our pets to get the absolute best care, but this does not necessarily mean paying higher vet bills! Compare the different veterinarian centers in your area, what services they offer, as well as their rates; you may discover that you can actually spend less money on more or less the same services!
Health and Well-being:
1. Break Your Unhealthy and Costly Habits: Heavy smoking and frequent drinking is not only unhealthy, but can also make a significant dent in your wallet. As difficult as it may be, kicking these habits is a great way to save money. Calculate how much money you spend a month on your cigarettes and alcoholic beverages, to have a clearer picture of how much these habits are costing you.
2. Medication: Medication from big brand names tends to be more expensive, but it’s important to understand that a high price tag is not necessarily an indicator of quality. Paying less for your medication without sacrificing quality is indeed possible, when done carefully; be sure to research different brands before purchasing any products. You may also want to consider cutting back on herbal supplements, such as Pro Testosterone, in favor of making improved dietary changes. Testosterone boosters aren’t necessary!
3. Pack Your Lunches: Even though it may be a pain to get up a bit earlier, bringing your own snacks and lunches to work can be a real money saver, and is also usually a much healthier option! Even though the daily amounts saved may seem insignificant, eating out every working day can add up to a hefty sum!
Travel and Transport:
1. Find Cheaper Flights: There are many ways to get cheaper flights. Do your research and compare different airlines and options, don’t merely book a flight because of airline loyalty or habit. Have some flexibility and make well-informed decisions!
2. Cheaper Accommodation: With new websites such as Airbnb revolutionizing the travel and accommodation industries, it may be worth your while to consider different, and potentially cheaper (as well as more convenient) accommodation options other than the usual hotels!
1. Get Movies Online: Online movie stores such as Netflix offer you the opportunity to purchase all the entertainment you need online, at significantly lower costs! This can also help you save on gas money (as well as time) needed for in-store DVD shopping!
2. Going To Movie Theaters At Specific Times: If your local theaters have cheaper tickets at specific times, why not take advantage of the opportunity to save a little bit on your tickets? We all know that the snacks sold at theaters tend to be on the expensive side, so going to a see a movie after a meal can help you avoid the temptation of expensive (and high calorie) theater snacks!
1. Shopping Lists: Have you ever gone into a store with the firm intention to buy a specific product, and walked out with dozens of items that did not even include the one specific product you had gone into the store for? A shopping list can help you stay focused on what you really need, and help you ignore the thousands of distractions available at stores. This could stop you buying unnecessary items and help you to save big!
2. Expiration Dates: This may seem obvious, but if you’re getting carton of milk that you’re not planning on drinking in one day, look out for a pack with the furthest expiration date instead of potentially wasting half the milk because it went off before you could finish it! This can help you avoid wasteful practices and of course, to save money since you won’t have to constantly throw away products only to buy them again the next day!
3. Generic Brands: Getting certain products from store brands rather than big brand names can make a huge difference in your monthly grocery expenditure! Does it really matter what brand your cereal, oats and pasta are? If you try out both brands and notice no difference in either taste or nutritional value, why not get the cheaper brand?
4. Coupons and Discounts: Stay on the look out for discounts and/or coupon codes! Many coupons can save you over 50% on your purchases – they are clearly not to be taken lightly or ignored! Visit specialized websites that will inform you whenever certain stores have sales, these stores often also supply promo codes that will get you the best deals!
5. Price Comparisons: If you’re getting relatively expensive items, price comparison websites can be a big help! They can help you make sure you’re getting a product at the best price possible and not spending money unnecessarily.
1. Avoid Late Fees: Make sure you’re aware of all the late fees you could be charged. Make a note of your deadlines in your calendar in order to always stay up-to-date on all your financial obligations.
2. Avoid Over-draft Fees: Stay constantly aware of your bank balance in order to avoid large over-draft fees! Make a note of your bank balance whenever you make a payment or simply check it before you make any payments or withdrawals that you are not sure about.
The last and final money saving tip is to make a record of your expenses. Do that before and after you adopt some of the above tips in order to really see what a difference they can make to your monthly expenditure!