How To Save Money – Like, Really Save It!
A famous saying is money can’t make you happy, which is true, but it can give you financial stability and security, which is a way to be happy. However, there is another saying, ‘Money doesn’t grow on trees,’ which is very accurate, so what can someone do to make sure they look at trees lovingly?
Save. The importance of saving money cannot be understated. It is one of the best financial habits someone can adopt. It is essential because it protects in the event of a financial emergency. It can help someone pay for large purchases like a house, avoid debt, reduce financial stress, and provide a greater sense of financial freedom. But it doesn’t come easy, so here are some tips on saving money, and it is relatively easy!
Record Expenses
This may seem quite daunting because no one likes to see how much they spend on miscellaneous items like coffees or fast food. However, keeping track of expenditures is excellent, too, as it helps someone realize how much they pay and what they can afford to cut down.
Use finance software
Why not use technology to one’s advantage and use it to save money? Browser extensions can be applied while someone is online shopping on supermarket websites. They help identify any discounts available for what the customer wants to purchase. For example, a new independent and modern company such as Checkout Saver allows the user to sign up and download the extension for free when they alert the shopper at any checkout to use a unique coupon or a discount gift card—saving the shopper more money.
Using the 30 Day Rule
The 30-day rule is a simple strategy that has the power to help the shopper control their spending. If someone feels the urge to buy something that can be considered non-essential whether, in-store or online, the rule says, stop. Leave the store or click away from the site. The next step is to write down the wanted item and where it can be found, and its price. Mark on a calendar when 30 days will have passed, and during that time frame, it is essential to think about whether or not the item is a want rather than a need and whether it is worth spending discretionary funds on it. Sometimes, the shopper discovers that they didn’t want the item as much as they initially believed.
How to save money: stop collecting and start selling
Rather than collecting more and more materialist items such as clothes, books, furniture, sell it on to another home that will have use for it. Many people are now upcycling and recycling old unused items to better the environment, so selling these items creates more storage space and puts money back in pockets. Have a yard sale, sell it on eBay or Craigslist; every little bit of help.
Nights in rather than nights out
Going out to eat or out in the town has a way of decimating the food budget and entertainment budget in one fell swoop. It is always cheaper to stay in with friends and family, come up with entertainment, play cards, watch movies, and cook dinner at home. This saves money, and it’s fun!
How To Save Money: Use a library
There is always a local library, and a library is an excellent place where no one is forced to spend money, there is no pressure, and they have many resources. Rather than splashing out on new books and DVDs, borrow them, save space, and have a more comprehensive reading range and watch things.
Try generic brands of items instead of items bought regularly
Instead of picking up ordinary household items, the store brand or generic version of the article, the money will be saved. It may be discovered that the store brand is just as good as the name brand. It’s just marketing that makes the unnecessary difference. Once moving to generic brands, the grocery bill may seem smaller and smaller.
Cancel unnecessary subscriptions
Roll over, monthly subscriptions such as Netflix, Amazon Prime, Disney+, and the gym are the norm, but these can build up. How much are these really costing? Adding these up and going through bank statements can help see any unnecessary subscriptions – is the Gym one essential?
These are only a few tips that could help anyone save money; tips are endless. However, it all depends on the spender and their lifestyle, these tips can be tailored to them, but they know deep down what they can cut and what they can change. However, a small effort goes a long way and bulks up the bank account, ready for a rainy day.
