Eventually, it gets to the point in life where we get frustrated because we have no money. Normally, this actually comes from over-spending so we have compiled 21 fantastic tips to help you save each and every day.
1. Plan Meals
When we don’t plan our meals for the week, we are more likely to waste money on fast-food and takeaways. Once you sit down and write out a meal plan, you can cut down one of the most expensive outgoing payments.
2. Low-Cost Gifts
Finally, always look for low-cost or even homemade gifts for loved ones and friends for birthdays and Christmas. As well as showing that you have made a little more effort, homemade gifts can be much cheaper (and original!). In truth, the recipient is likely to appreciate the time you put into homemade gifts too because they can be personalized.
3. Cut the Coffee
Before you skip this entirely and move on to the next point, consider making your own coffee instead of buying from the store every morning. This way, you still get your kick each morning but you can save over $1,000 per year.
4. Set Specific Goals
Over a set period of time, you need to set yourself specific and achievable goals. When you say ‘I want a new car’, this is near enough pointless because you haven’t quantified your goal and you haven’t said how long it will take. If you really want a new car, how much will it cost, how long will it take, how much do you need to save each week to get there?
5. Quality, Not Quantity
When it comes to clothes and even food, you should adjust your mindset from quantity to quality. When you buy cheap, the product doesn’t last long or the food doesn’t keep you going. After spending that little bit more, you will save in the long run because items last longer and food will keep you going until the next meal.
6. You Aren’t Missing Out
Sadly, many people today have a fear of missing out which means that they spend too much, too often. We aren’t saying that you shouldn’t enjoy your life a little, but you need to hold back every now and then too if you’re really interested in saving money.
7. Be Yourself
Nowadays, we buy magazines and we spend half our life on gossip websites just to try and keep up with…well, the Kardashians. Remember, you have your own priorities and things that you value so you don’t need to spend unnecessarily on nonsense items. When you create a financial plan, ensure that it follows your vision and is a reflection on you.
8. Track Progress
Of all the things we have here today, this is one of the most important because you need to see tangible results. Over time, keep a little notebook or even a note on your phone and keep tabs on how much money you’re saving. Not only will this show you how good you can be, it will keep you motivated and inspired to do more wherever possible.
9. Save Small Coins
When we were kids, we used to put small-value coins into a little jar and save it up – why did we ever grow out of this habit? Instead of spending it on coffee and other items that do not add anything to our lives, keep the coins and see how much you can save over the course of one year. If nothing else, you can enjoy a lighter wallet!
10. Have Money ‘Dates’
If you have dates with your friends and romantic interests, why not have one with your accounts, budget, and a calculator? Every week, you can asses your progress and re-align yourself to your goals.
11. Cut the Cable
Thanks to technology, there are more affordable ways to watch TV now so there is no need for cable. Instead, try Netflix, Hulu, and all the other platforms that are cheaper and can be more enjoyable.
12. Lodging Rental Sites
If you happen to be travelling, use lodging rental sites because this will allow you save money and it will also make the whole process more convenient. The most popular this kind of site is Airbrb
13. Work More
Although this sounds very simple and like something you might not want to do, it has a double-effect. As well as having more money to save, you will also have less time to spend; even if it is just one extra hour a day. A great way to make extra cash is Fiverr.
14. Outsource Tasks
Often, we think of money as a purely cash or credit type of thing but what about your time? When you waste time, you still waste money so see if you can outsource particular tasks to focus on the more important things in life. One great place for outsourcing is Upwork.
15. Avoid Emotions
Initially, this sounds extremely unhealthy but we just mean you have to learn to take emotions out of purchasing decisions. Whether you are lonely, sad, bored, or depressed, don’t turn to spending but instead employ the one week rule.
16. Finance Book
When you take the time to research and actually learn about finances, you will see the rewards. As soon as you know how to save money in theory, just as you are learning with this article here, you will be better placed to save money in practice.
17. One Week Rule
With the various apps and online stores these days, it is easy to keep spending money on pointless purchases. Therefore, we suggest waiting around one week on all purchasing decisions. If you still want or need it in a week, then you can be sure that the expense will be worthwhile.
18. Keep Goals in Mind
Furthermore, it isn’t just enough to write your goals once and then forget about them. If it is a long-term goal, you need to always keep it at the forefront of your mind. When you lose motivation or start to lack determination, re-read your goals and put them somewhere they will be visible every day. Quite literally, you need to ‘keep your eyes on the prize’.
19. Host a Potluck
If you have numerous friends, you might be surprised at how much you spend on lunches, birthday dinners and presents, etc. If you want to save your money, host a potluck evening where everybody brings their favorite dish. Your wallet will love you!
20. DIY Beauty
When you look online these days, you will find a number of resources showing you how to make your own beauty products and treatments. By doing this, you will save a huge chunk of money and it could actually be a lot healthier for your skin and body.
21. Exercise Pass Program
Of course, we all need to stay healthy so try out exercise pass programs. Normally, these will be much cheaper and you can get access to many fantastic locations rather than paying for them separately. Over time, you will get to enjoy/endure strength training, dance, fitness boot camp, and many more classes.
There we have it, 21 superb tips that will allow you to save money each day. On their own, they may not look like much but just think about the difference you can make if you start to combine them. Over the course of a year or several years, you will save thousands and maybe even tens of thousands of dollars!