- Personal Finance
How To Be Frugal And Have Extra Money To Save
There are many different reasons as to why someone may have trouble saving money. It could be that they do not have enough income, their budget is too tight, they do not know where or how to cut costs or they spend too much money on other things. Saving money can be useful for vacations, buying a new car, house, retirement and having a cushion in the bank for emergencies. Today, it seems as if so many people rely on credit cards. However, being in high credit card debt may also be costing those people extra money due to high interest charges. Here are some ways to cut down on some of your spending and save some extra money.
SAVE ON ELECTRICITY
•Turn off the television when you are not watching it.
•Turn the lights off in any rooms that you are not going to be in for awhile.
•Unplug appliances that are barely ever used.
•Hang your clothes to dry instead of using the clothes dryer.
•Use room darkening shades if the weather is hot to keep the room cooler.
•Clean and replace the filter in your air conditioner to help it run more efficiently.
•Flip the off switch on a power strip that is loaded with wires when not in use.
•Try letting your hair air dry for awhile if you use a hair dryer to minimize the time using it.
SAVING AT THE GROCERY STORE
•Do not go to the store hungry! You may end up buying more.
•Stock up on sale items and buy in bulk.
•Stick to a shopping list. Do not impulsively buy items that you do not need.
•Search for recipes that use 5 ingredients or less so you can buy less products.
•Sign up for and use a store's loyalty card to get discounts on certain items.
•Use coupons. If you do not get coupons in circulars delivered to your home, you can search online for coupon websites that allow you to print coupons out.
PREPARE YOUR OWN MEALS
•Make your own breakfast and coffee at home, instead of stopping on your way to work for an expensive latte and a breakfast meal.
•Bring your own lunch to work instead of ordering take out or delivery.
•If you are pressed for time before work, make breakfast and lunch the day before or buy foods that require little or no preparation, such as fruit cups, granola bars or yogurt. You can also use leftovers from dinner for the next day's lunch.
•Instead of going out to restaurants often, prepare your own meals at home using 5 ingredients or less. You will save money on restaurant bills and tips.
•If you do go to a restaurant, try finding coupons online for a discounted meal at the restaurant.
ENTERTAIN AT HOME
Instead of going out for entertainment, which can be costly, make your own fun at home on some nights. Gather some people together for these activities you can do at home.
•Play board games or charades. If you feel creative, you can make your own games up.
•Watch movies together.
•Grab a deck of cards and play a card game.
•Sing karaoke, each person can take turns singing a song. If you have a video game system in the house, there are karaoke games available you may want to buy for karaoke nights at home. Buying a used game may be cheaper.
•Have a dance party. Gather everyone around, throw on some music and dance.
•Have a dinner potluck party where each guest brings a dish to share to create a full meal or buffet of foods.
CREDIT CARDS AND BILLS
•Cut down on your cell phone bill by switching to a cheaper plan or another cell phone company.
•Pall your bills on time. Late fees can add up and cost you money.
•Establish good credit to help keep interest rates lower.
•Switch to a streaming video service, such as Netflix, which is usually cheaper than paying a cable bill.
•If you always pay your credit card bills on time, call and ask customer service if you can get a lower interest rate on your credit card.
BUY USED ITEMS
Used items are usually cheaper than buying something new. Search around for used items that you may need around the house. You can buy used clothing, jewelry, shoes, household items and many more used items on the internet.
•Use Craigslist, eBay and other websites that sell used items.
•Go to flea markets or yard sales.
•Buy a used car instead of a new one but make sure the car is reliable and won't end up costing you a lot in repairs.