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25 Quick and Easy Tips on Saving Money
Before You Read The Tips
This article containing 25 easy and quick tips on saving money isn't meant to tell you what to do. I'm not an "expert" on some television show. I'm someone who goes to work, earns a paycheck, and decides what I need to spend the money I earned on. Whether it be on a house, car, food, medical bills, or entertainment.
The difference is that over time I saw my bills increase, but not my pay. So I had to learn what I needed to cut back on in order to make ends meet and eventually start saving money. In order to help others (and yes, earn money by writing online), I wanted to share these tips on order to help people out.
Before getting to the tips, watch the video below. Realize you are not alone in trying to save money or having trouble making ends meet. We all go through it!
Save by Cutting the Cord
- Shut off the cable TV. Instead, go with cheaper alternatives like Netflix or Hulu. The average cable TV bill is $100 per month, while Netflix can be as low as $10 per month.
- Stop buying video games. You can rent games through services like GameFly or buy used games instead of new games. A new game can cost $60, but renting a game through GameFly can be as low as $20 a month.
- Cut back on how much power you use. Shut of the air conditioner, turn the lights off, and power down the electronics. The same can go with any gas appliances. Energy efficient appliances can be good as well in saving costs.
- Stop wasting water. Take shorter showers, cut back on watering the garden, and teach your kids how to use water responsibly. This is especially important in areas that are in a drought.
- Cut the landline phone. Having a home phone is no longer necessary with cell phones. For cell phones, monitor your usage. If you have a high data plan, but don't use enough data to justify it, then reduce your plan to save some money.
Have you had to resort to extreme measures in attempting to save money?
Buy Big and Online to Save Money
- Use Craigslist. I sell and buy things on Craigslist all the time. I even find stuff for free on Craigslist, so it's definitely worth checking out. Just be careful when dealing with those online. Always have someone with you when dealing with someone from Craigslist.
- Wear your clothes out. The latest fashion isn't always the best. So wear your clothes out until you can start seeing holes in them. When you need to replace clothes, there is nothing wrong with going to Walmart or Target instead of places like Macy's.
- Buy in bulk. Go to places like Costco to buy products in bulk, but don't buy food that could expire quickly unless you know you can use it. Buy things like toilet paper and pet food instead.
- Make your own meals. Frozen meals and fast food is quick and lazy, but it's not cost effective. Making your own meals is best for your health and wealth.
- Do your errands before rush hour. If you are out when everyone else is, it only adds more time to your trip and wears your car down even more. It could result in using more gas too. So do your errands during the slow parts of the day.
"If saving money is wrong, I don't want to be right!"— William Shatner
Watch Your Money to Save Your Money
- Watch your money daily. I check my accounts daily and keep tabs on everything to watch my spending. I can watch for any suspicious activity on my accounts as well. Lastly, set up e-mail and text alerts so you can see when money is spent, if there is a deposit, etc. This allows you to keep tabs on your funds.
- Move to an apartment. Apartments can be expensive, but they can offer free utilities and it's less maintenance overall. If you are struggling with house payments, sell your house and move while you can.
- Hit the local scene. Some of the best forms of entertainment can be found locally through sports, music, and more. Hit the downtown area or checkout local websites online to find those activities.
- Use the internet. Reading this right now? Then you are saving money by not doing other things. The internet has enough things to do to last a lifetime!
- Don't get in trouble with the law. Even a minor ticket can run you hundreds of dollars in fees. So watch yourself out there.
Why are you trying to save money?
The Latest Gadget Isn't Always Necessary
- Cancel your newspaper and magazines. The internet covers most news and articles you would ever need. If anything, switch from paper to digital. It tends to be cheaper.
- Don't buy the latest and greatest gadget. Buy last year's model. It's cheaper and probably works just as good.
- Keep your furniture. Restore your old furniture or fix it up. Don't throw it out just because a part of it could be damaged. Eventually that piece of furniture could be an antique.
- Use credit - responsibly. Credit cards help your credit score, just be careful how you use them and watch that credit limit. Pay your balance monthly so you don't incur any interest.
- Make lists. If you need to buy something, always make a list. It stops you from splurging. You could also make a list on how to save money!
Do you waste money?
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Buying Used Almost Always Saves Money
- Shop at your local discount grocery store. These places have name brand products at lower prices. The variety may not be great and you could find different items at different times, but you will always save money.
- Go to estate and yard sales. Estate sales offer gently used items at dirt cheap prices. Yard sales can be risky, but can be worth it as well.
- Stick with a reliable car. Don't buy a huge SUV or a fancy sports car. Instead, get a reliable car with good gas mileage. Hybrid cars work as well to save on gas.
- Get a second job. While working a second job you won't be spending money. Instead, you'll be earning money! Not the best tip, but working two part-time jobs is better than just one.
- Make your own stuff. It could be your own clothing or a gift for someone else. Making it yourself is almost always cheaper than buying it directly.
© 2012 David Livermore