Saving My Money (Why I Have More Than You Do)

Savings, Money & Me

I'm not like most people. What I mean by that is, I'm not your typical Generation Y'er.

I don't have a lot of debt, in fact I don't have any! Never been a big drinker. I'm a non-smoker. I rarely go clubbing. I don't buy into the latest fads easily. I don't feel the need to have expensive designer clothing to look good. I associate saving money with pleasure not pain - I enjoy seeing a healthy bank statement, not a Debt Overdue statement. I used to spend more on my friends than I did on myself but I was careful that they didn't abuse that. (If some did, that usually killed my generosity with that person). I have a prepaid cell phone. I don't have cable tv. I like thinking of different ways to make money.

I'm still living at home at 28. But before you knock the idea or call me a mommy's boy, think about how great it is if you're saving money for a house. How much better off am I for saving all that money that otherwise would have gone into rent (paying for someone else's house) and all the other living expenses associated with that?

Easy Ways To Save Money Every Day

  1. Take your own lunch from home rather than buying it each day.
    Say you spend $10 on your lunch per day (very easily done if you're in Australia). Think of it this way - if you buy your lunch every day that's $50 in a 5 day working week and $2,000 per year! You could have saved most of that! (Everyone likes to eat out every now and then.)
  2. Quit smoking!
    It's expensive. It causes cancer. It stinks. Literally. Sorry smokers, but we both know you'll better off not smoking. It is hard but there are more and more options available to help you these days.
  3. Drive a small car.
    If you can't take public transport, just don't like it or simply prefer to drive to work each day, make sure your car is not a gas guzzling four wheel drive landcruisin' giant. If you can help it (ie you have a small family or are really looking for a money saving tip) I'd suggest to look at something that gets you from A to B. Forget the loud stereo systems and new rims. Your car is a liability - it doesn't make you money! In fact, as soon as you drive it out of the car dealer, it's already lost value!
  4. Take it easy on the road!
    The last thing you need is a speeding ticket or an accident caused because you haven't left enough room between you and the car in front of you. These are all unnecessary fines and expenses. Stick to the applicable laws in your country and you should be ok.
  5. Here's a no-brainer: Shop around!
    Do your research before buying expensive items. Search online or browse through the catalogues. If you're game, here's one of my secret tips: You can ring a couple of places and play them off against each other to drive the price down - for the cost of a few phone calls you could save hundreds, or at least get a discount not available to the market. :-)

Household Money Saving Tips

These are some household money saving tips I will be implementing when I move out of home soon:

  • TV - By all means get a decent size TV but it doesn't have to be the "latest, greatest, biggest" thing you've ever seen. Factor in the size of the room it is going to sit in as well - I've seen TVs in people's houses that are so big in a tiny room that you can't sit far enough away from them to enjoy the picture. What's the point?
  • Second hand furniture - For things like desks and bookshelves this is great. One relatively untapped market for this is your work place. Often, they may upgrade the office furniture. Make an enquiry as to whether or not they are having an auction to sell off the old furniture (which is usually sturdy and in relatively good condition). I've bought decent bookshelves and desks for as little as $20 each.
  • Find ways to save on utilities like gas, water etc. While it's going to extremes, people can (believe it or not) survive without electricity. Consider skylights and solar water heaters to cut back on power expenditure.
  • Recover some money from items you no longer need from garage sales or selling online (through eBay for example). One person's junk really is another person's treasure.
  • Buy generic brands where you can. Tissues, cling wrap, stationery, clothing etc. Look at the latest catalogues to find a bargain. Personally I would not follow this money saving tip when it comes to food - don't be skint when it comes to your health. However, always do look out for some coupons or discount deals for when you plan to eat out.
  • Buy items in bulk - this will almost always be cheaper. Do this for things that you know you will continually consume or use. Where possible, stock up when they are on special. Examples: rice, flour, pasta, sugar, toilet paper, tissues, soap, canned items.

What Most People Are Doing Wrong

  • Have big TVs...
  • ...and are subscribed to every available channel under the sun
  • Eat out every day
  • Drive big cars that burn gas like there's no tomorrow
  • Drive expensive cars for show
  • Get expensive additions for their cars like new rims or a killer sound system
  • "Get on the piss" regularly with their mates (big drinkers on the weekend, every weekend)
  • Smoke a pack of cigarettes a day
  • Impulse buy all the latest fads and gadgets
  • Don't pay off more than the minimum amount on their credit cards or loans each month
  • Don't shop around
  • Want to acquire more goods to show they are of a higher class in society even though they know they can't afford it
  • ie they have Big Egos!

When It Sucks To Be Good At Saving Money

Sometimes it can really suck when people know you are good at saving money. Here are some examples why:

  • You become the target of gold diggers, the women and men who marry for profit - solely for the purpose of getting a divorce down the track and a nice big payout equal to half of your life savings.
    Lesson: Don't show off your wealth
  • Your friends and family get jealous of you and try to put you down either directly or indirectly and manipulate you so that you end up losing money. If you have a business and you decide to employ one of them, they might ruin it for you.
    Lesson: Don't show off your wealth, don't act better than anybody and always separate business and pleasure
  • You become known as a "tight-arse" or "scrooge" by your work mates because you don't go out blowing your paycheck drinking every week "with the boys".
    Lesson: Embrace the reputation and start using it as an excuse for things you don't want to do, like blowing your paycheck every week "with the boys"!
  • When you become too good at saving money that it starts to work against you! For example, you buy a cheap bottle opener or cork screw that snaps when you are trying to open a bottle of house wine for your dinner guests. FAIL!

    Important Lesson: Don't be tighter than a fish's a$$hole!!


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Comments 16 comments

IdeasForMarketing profile image

IdeasForMarketing 7 years ago

Love the provocative title Marco - I had to read it. Some great tips too.


marcofratelli profile image

marcofratelli 7 years ago from Australia Author

Haha, thanks mate!


jim10 profile image

jim10 7 years ago from ma

I have 3 more reasons you have more money than I do. My 3 sons(LOL). I had kids at an early age and it has taken forever to catch back up moneywise. I was always great at saving money. But, student loans for college and having kids without being able to work full time was quite a drain on my funds. I have used many of your tips myself and they work great.


Triplet Mom profile image

Triplet Mom 7 years ago from West Coast

Great tips you have here. There are so many ways to cut corners without missing out on the things you want.


marcofratelli profile image

marcofratelli 7 years ago from Australia Author

Hey jim10, i always wanted to be a young dad but it never happened that way... great to hear someone else has successfully saved money using some of the same way I have.

Triplet Mom - thanks x 3. LOL


Frieda Babbley profile image

Frieda Babbley 7 years ago from Saint Louis, MO

Excellantay my friend.  Great tips.  Nice side of you.  I especially like "When It Sucks To Be Good At Saving Money".  Nice and thorough, this piece.  You cover all sides.  Well done! By the way, I like that Money Talks vid. Inspiring.


Tom Cornett profile image

Tom Cornett 7 years ago from Ohio

Cool hub...but if I saved any money...an out of control bus would have my name on it....."wow I'm rich" Splat! :)


marcofratelli profile image

marcofratelli 7 years ago from Australia Author

Thanks Frieda, well I like all sides of you! ;-)

Tom, well if you can't save...buy me lunch? :)


skye2day profile image

skye2day 7 years ago from Rocky Mountains

Hi Money Saver. You are very fortunate your parent has the roof over their head so you can keep your butt there to save your money. Do you pay them? Do you pay electric or water or trash? Is that your responsibility? Is that why you do not have cable? I am curious.There are starving kids, families that lost everything because of a greed buster.Some lost in hurricanes. Many are living in  shelters You can buy a home for 40% to 70% less then the poor soul that lost it. Yeah for you.You do not smoke anymore. You are healthy. You sound like you have it all. Do you buy groceries?I want to know if a family of 5 were in King Soopers and they had $40 a week for food, TP, and cat would you dig into your savings to help your brother? I want to know if a beggar were on the street and needed whiskey a pack of smokes and a meal what would you give him,if any? I would like to know.You helped your friends party by choice. Now you do not. You grew up. Your parent has a home. Do you know how many baby boomer's are homeless are literally hungry because they work for a meager $9.00 per hour. Where do you live?  Are you on this planet?  You save, great for you. I am not one bit jealous. I did not see God in this picture. Is he? You have done it. You arrived to savings. Did he help you? Do you take anything when you leave this earth but your soul?  Help others and dig to give to the hurting family. It feels much better then buying a pre paid phone card so you can count minutes. I dare you to buy one for a little widow that has none. This is hub material. I am writing one. What if ?'shalom' (peace and joy in Hebrew text)


marcofratelli profile image

marcofratelli 7 years ago from Australia Author

Hey skye2day,

Thanks for your thoughtful comment! Just because I can save doesn't mean I don't help other people. I'm a regular supporter of charities that do eg i'm a Salvation Army partner in Perth (not on this planet), always donate to Telethon, Unicef etc. I prefer to save and give money to these organizations than waste it going out drinking, which I don't get any pleasure or benefit from. I think the difference between me and a lot of people is I look at areas to save and shop around rather than getting something at whatever price just because it's there and I decided I wanted it (impulse buying).

You should read my other hubs based around helping others (do you see God in this picture?):

http://hubpages.com/relationships/Relationship-Hea...

http://hubpages.com/holidays/Give-A-Christmas-Gift...

http://hubpages.com/religion-philosophy/Prayers-Du

Look forward to reading your hub! :)


skye2day profile image

skye2day 7 years ago from Rocky Mountains

I am glad you give.that is awesome. I did not see anything about giving, just saving. Sorry With Love Patti well


marcofratelli profile image

marcofratelli 7 years ago from Australia Author


dennisematt 7 years ago

Gardens are a good way to save money as well. Even if you dont have a yard, you can put a pot on a window sill and grow a tomato plant. Or, whatever you like. Homegrown veggies and herbs are so much helathier for you, and far less expensive then grocery stores!


marcofratelli profile image

marcofratelli 7 years ago from Australia Author

Spot on dennisematt!

My mom grows her own herbs and has chilli plants (we all love them). Lemon trees, olive trees, almond trees - all the stuff saves money and you will know that it is healthier when there are no pesticides on there (unless you use it yourself).


C. Whitaker profile image

C. Whitaker 7 years ago from Indianapolis, IN

Hey I live at home, don't drink, smoke, or go clubbing, we could be brothers, but let me ask you this... where the hell is all my money? Nice hub, even made me laugh a few times, keep it up


Real_Words profile image

Real_Words 5 years ago

I love this blog!! For a second i thought i had wrote it becuase you sound just like me;)lol.I think people just let the flashy gadgets go to their head. And they wonder why their broke with a brand new escalade in the driveway.Shame on them.

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