If you and your family are stuck in your ways, saving money might seem near-impossible. You may be wondering “How can I spend any less than I already am?” Meanwhile, you’re racking up expenses that might just seem like a few dollars at the time, but can add up to a few hundred or thousand dollars over the month. With these creative money-saving tips, you and your family will be able to hold onto your money much longer than before.
Consider Your Bank
A bank is the place that handles your money after all. So why not sign on with one that handles it in the best way possible? If your bank isn’t offering perks like overdraft protection or good interest rates for your family’s savings account, check around for one that is more customer-friendly. If you have some future retirement saved and have more future investment goals, talk with the bank and see what they might offer to make your future a little more profitable.
Make Your Clothes Last
Do you send shirts and pants to the trash at first sign of a tear? You don’t have to. Treat your clothes as good as you possibly can, but know that many problems are easy to fix. Lose a button? Sew a new one on. Pants have a small rip? Patch them up. Some problems are too big to fix, but you can learn how to fix the small ones.
Don’t Fear the Expiration Date Reaper
If you are tossing your milk because the date on the jug is yesterday, reconsider. Expiration dates are set rather early because grocers don’t want to take any chances, but with no obvious signs of spoilage (mold, bad smell), your food should be fine. Freeze meat immediately and keep your fridge at a low temperature (40 degrees or less) for longer-lasting perishables.
Purchase Energy-Efficient Products
Want to save money on your electrical bill and also feel good about contributing to the environment? Purchase products with the Energy Star seal of approval on them. Go with lights that are able to last you longer and won’t contribute to harmful waste later on.
So you finished watching a movie before bed and you clicked off the TV with the remote. Guess what? If the TV is still plugged in, it might as well still be on. Energy is still used when devices are turned off and plugged in. Known as “phantom power“, this can be reduced by simply unplugging appliances when you aren’t using them. It’s another great way to save money on your electrical bill and help the environment.
Keep Your Home Warm
Winter is coming (for one Hemisphere, that is). You might think you have no choice but to crank up the heat when it gets cold (lest you put on an itchy sweater), but you can insulate your house in ways that let you skip the high heating bills. Winterize your windows and treat your doors with “draft dodgers” to keep the cold outside.
If you have loose change lying around, find a place for it, like a plastic jug. Toss all your change in there and once it’s full, find a bank to exchange it for cash. You can also consider looking into getting an electric coin sorter with wrappers, as the bank will greatly appreciate you having your change already organized.
Shop with Purpose
If you walk into the grocery store thinking you’ll only pick up a few items but end up with a cart full of groceries, then you need to look into smarter shopping. Make a list before you go shopping, and/or a budget to go along with it.
We hope this tips are very beneficial to you on your road to saving money. With practice, you will learn that saving money doesn’t have to hurt.