Saving money sounds like a myth, especially if you are a shopaholic who cannot find the motivation to stop buying things. But what really are the best ways to save money? But you also know that it digs a hole in your bank account which needs to be filled. Saving money is not really impossible or as hard as it might sound.
You need to find a little motivation to stop spending. If you organize the way you spend, soon you will also know how to effectively save money in your account. Here are some cost saving ideas on how to save money which I really like!
1. Go Through Your Money Things
If you think your major problem is buying things when you already have other similar products, you need to sit down and go through your things to get cost saving ideas. Whether it is kitchen appliances or fashion items, look through everything so the next time you go for shopping you can tell yourself that you already have something similar to this which means there is no need for a new purchase. Organizing your house, closet, kitchen etc. will really help you out to help save money from your budget every month.
2. Set Money Goals
It is easier to stick to your plans when you have a goal to achieve. The best ways to save money is by telling yourself that you need it for other things you are passionate about. If you have been planning to go on a vacation, buy a new apartment, car etc. Keep it in mind before you go for shopping.
When you decide that there is something you are more passionate about than things you usually spend on. It will automatically be easier to save money. If you don’t know what you want in the future yet, think about it and keep reminding yourself about your plans.
3. Prepare Meals
One good cost saving idea is to stop going out or ordering take out every other night. Many people agree that they spend most of their money on takeout food and coffee. It is always better to prepare meals yourself which will remarkably help you save.
Not just that, you can also improve your health by keeping track of your self-prepared meals. Instead of buying lunch at work, prepare yourself something and take lunch with you. You can also make yourself coffee at home rather than buying it every morning.
Coffee at home – 1$, work $4. 3$ x 20 = $60 saved!
You will see what a huge difference you can make to your bank account by following this simple step. Also you will improve your cooking skills 🙂
4. Stop Going Out (Or at least thing twice!)
Whenever you go out with your friends, you will find it hard to resist grabbing something to eat or spend or other entertainment. Instead, ask your friends to come at your place and you can watch a movie and have old-fashioned sleepovers which you will definitely enjoy more than going out.
You can also go to places where you don’t have to spend too much money like museums etc. Instead of eating at a fancy place, grab inexpensive snacks and go home and prepare yourself a proper meal! You don’t have to cut out on your friends completely, but reduce the number of times you go out in a week or a month and you will see the difference it makes to your account.
5. Public Transport (One of the biggest cost saving ideas)
The average American Household spend $9,004 on transportation a year. This includes the cost of vehicles, the cost of gas, the cost of maintenance, and things like airline and train trips, too.
Rather than driving yourself, make use of the subway. This will
help you cut back on your gas money and you can save it instead. Ask a friend, parent, peer etc. To give you a ride every once in a while so you don’t have to use your car. Try not to use cab services as cab fare will cost you more than other modes of public transportation.
Saving money means making the smart choice and changing your lifestyle slightly so you can save from wherever you possibly can.
6. Make Shopping-Lists
One of the wisest and easiest cost saving ideas to save money would be shopping-lists. Before going out for shopping for groceries, make a list of all the things that you want to buy. Once you have it, go through it to make sure if you really need all the things or not. It is real cost saving tip when you are buying your groceries, stick to the list and fight the resist to buy any extra items.
It will be quite difficult at first, but if you go through with it, you will be proud and this will help you save money every month. Shopping smartly is really helpful when it comes to saving money.
7. Rent Out or Get Room-Mate
If you are trying to save money, it might get difficult to save money as you have to pay your rent on your own. You can ask a friend to start living with you or post commercials to get a suitable roommate.
This will help you save half the amount that you have been spending on your rent. If you own an apartment, rent out the space that you don’t need so you will get paid every month and you can make money as well.
8. Discount Codes and Sales for Money Saving
Make use of discount codes and sales when you feel the need to buy something. Instead of buying from a fresh rack, wait until the items go on sale and you can buy anything you wanted for a lower price. If you want to buy a piece of furniture or an appliance, look for places which offer discount vouchers and codes which you can use to pay less.
You will be surprised at what difference a 20% can make which is quite good idea for money saving. You can also buy from deals rather than buying separate items which is also another way of saving money through your purchase.
Above are some of the best easiest ideas to save money and if you stick to your goals, you will find it really easy to follow through. Even the smallest of your purchase can put a dent in your budget and even the tiniest of saving can help you fill it. Just make sure that you stay consistent and follow through and when you have a bigger goal to achieve like buying a car, going on vacation etc. Best ways to save money aren’t that difficult. Saving money looks hard, but once you are determined you will see your bank account prosper with time.
If you are having any questions, feel free to contact me!