25 Smart Tips for Saving Money
Guest post by Marina
Everybody wants or would like to save more money. It is easier said than done, but it isn’t an impossible task. It takes dedication and a strong will to succeed to successfully save money. What many do not know is that they can save money just by spending it correctly. There are all sorts of deals, sales and bargains available to help you save more money. Be aware of your spending habits and see where changes can be made.
25 smart spending tips for saving money:
- Do not buy impulsively –Impulsive buying often leads to increased debt and a surplus of items that you don’t really need.
- Carry cash – Debit and credit cards are often abused simply because when they are being used, the actual transaction doesn’t seem all too real. When you carry cash, you know exactly how much you have and can spend.
- Avoid eating out – Brining a lunch to work or school or preparing a meal at home will lessen your food costs.
- Contribute to your savings – With all of life’s demands, this can be a difficult task, but it truly does offer amazing benefits. Financial experts say that about 10 percent should be saved from your pay.
- Get rid of credit cards and loans – Credit cards have proven to be a major problem for many families, simply because of high interest rates. Pay down the balances on high interest credit cards and only use them for emergencies. Consider refinancing your loan(s) to receive a better rate.
- Make your own gifts – The person receiving the gift will appreciate the time, love and effort put into the gift and it will also help you save tremendous amounts of money.
- Buy in bulk – Items that are necessities, such as toilet paper, can often be purchased in bulk for good discounted prices. Stock up and save.
- Don’t buy bottled water – Consider purchasing a filtration system that easily attaches to your faucet to create drinkable water.
- Make your own laundry soap – With simple ingredients, you could create enough laundry soap to last for months.
- Create a budget – Follow it diligently, allowing little room for error. This will help you save money responsibility.
- Buy used goods – By doing so, you can avoid a high price while still getting the items you need, such as clothes or furniture.
- Go to the library – The library offers free books, magazines and sometimes even movies.
- Take a look at your checking account – If you currently being charged fees, do some research and locate a bank that offers absolutely free checking.
- Swap with friends – This is a great way to receive items you need while still helping out someone else. The possibilities are endless as you could swap clothes, food or furniture.
- Use coupons – By using coupons, you can cut your grocery bill dramatically.
- Plan your errands ahead – Be sure to use your car’s gasoline wisely by planning out your errands in a way that eliminates wasted gasoline and time.
- Downgrade your cable – Do you really need to watch those extra 500 channels? Talk to your cable company to see what you can get rid of to lessen your monthly bill.
- Plant a garden – Grow your own food and avoid high seasonal costs at the grocery store.
- Go generic – Practically all generic brands are the same as the name brands. The generic brands will cost you less while having the same effects.
- DIY home improvement – Before calling a professional, consider if the task at hand is something you can do.
- Take advantage of vacation deal sites – Booking vacations can be costly, but utilizing the many deal sites that offer incredibly low hotel and air fare prices will be beneficial to your wallet.
- Sign up for customer loyalty programs – This is an awesome way to receive freebies or even discounts at the gas pump.
- Trade in your old games – Many video game stores will buy back your old games and give you money.
- Try carpooling – This is a great way to save on gas and a chance to gain new friends.
- Start recycling – Some cities offer individuals a chance to make money when they bring in their aluminum cans or scrap metal.
In order to spend money the right way, it will take a frugal mindset. At the beginning, it can be difficult, but once you see how much money you are able to save, it will be well worth it. With today’s economy, it is essential to save money, so follow these tips to start saving now.