ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How to Save from Wasting Money - Life Hacks

Updated on October 30, 2019
Swapnil Ghosh profile image

I am a Marketing student, Rapper, Freelancer and an earning enthusiast. Since I have so many facets, I waste less; save more; earn more.


I have had my fair share of financial hardships and at present, pretty good with saving, doing petty jobs, to manage the cash-flow.

The thing I’ve noticed is, even my friends of all kinds, with jobs or no jobs, financially stable or not-so always seem to waste a lot unknowingly and then go frenzy.

Since we are humans, we are more likely to think emotionally rather than driving a practical plan to cut out costs.

So here are some tips out of my experience which will help you save money the SMARTER way-


Hack 1- Be clever with how you spend on your transit cost

Covering the distance between college/ workplace and residence is something which we have to deal with, almost daily. Any travel which we make on a regular basis carries a huge opportunity to save on the fare.

I used to walk 4 km daily (from dormitory to college and back) just to save INR 20.

Was the money worth it? Yes

but WAS THE PHYSICAL EFFORT WORTH IT?

No.

Which leads us to the solution-

The whole process of spending cash, from taking out to paying, is a load which psychologically does help to spend less.

DISCOVER CONVENIENT BUS-STOPS

The bus routes and the fare from one stop to another differ greatly. Any other bus-stop than the one closer to your home may turn out cheaper to the same destination you want to visit.

I’ll explain using a personal incident, the bus fare to my college, from my nearest stop, is INR 10 but if we start the journey from another bus stop, which is around 100 meters farther, it costs only INR 5!

Getting a pass for bus, sharing cabs like UBER and OLA, using rental bikes and pooling are other convenient options.

Hack 2- Use Cash not Cards

Using cash comes with a burdensome issue of safekeeping it. Also, since spending through cards or applications is easy, we don’t actually realize how much we’ve spent as we don't keep a track of it.

While doing a cash transaction, we have to go through a number of steps:

  • Taking out money from wallet/ purse
  • Searching for appropriate denomination
  • Hand over the money
  • Count the change


Caution- Do carry your card for any kind of emergency. The aim is to spend cash, for that too you may need to withdraw money.

Hack 3: Do not Ignore Coupons!

“Hungry? Order from XYZ app, and get 50% off on your first 5 orders! Use code: EXAMPLE50”


My reaction on reading such a message?

Always try to use coupons both online and offline when you’re planning for a party, spa session or simply ordering something to eat. There are many sites specific to each country (like nearbuy.com in India) which offer plenty of deals and discounts.

In case of frequent dining outs, offers like ’ZomatoGold’ are saviours.

Also while buying online, use sites like ’MySmartPrice’ to compare product price over several e-commerce sites, to get the best deal.



Caution: DO NOT spend the whole day looking for deals, strike a balance.

The basic purpose is EARNING and learning; saving comes SECOND.

Hack 4- Explore and Don't Be Hesitant!

Every shot you do not take, is automatically missed.

Earlier I used to be sceptical of everything. I wanted to ask for discounts, bargain with street vendors, but couldn’t do any of it due to the simple reason that I cared regarding how will people perceive me.

DON’T GIVE A HOOT WHAT OTHERS SAY/THINK


Once I ordered an Americano from a café and the biller asked whether I wanted it to be strong. I said YES. Later I noticed that he had added an extra espresso shot worth INR 50 to my bill.

Since then, whenever I visit coffee shops like ‘Café Coffee Day’ or ‘Starbucks’ I make it a point to say out loud “NO EXTRAS” while placing my order.

Ways to Explore-

Avoid single’s pass for the party.

If I am a stag and want entry into a party/club, I’ll probably ask a female friend or look at the gates of the venue to find anyone of the opposite sex who is single as well so that I get the couple's entry, which is lighter on pocket.

Some people agree quite easily (since they are at a benefit as well) and a few demand money (which is still cheaper than the stag entry). Once inside, split the fee and mingle with whomsoever you want.

It does not matter if you can afford single-entry or not,

THE LESS YOU WASTE ON ENTRY, THE MORE YOU HAVE FOR FOOD/DRINKS

Also, never be afraid of visiting a restaurant or a shop just because it looks too fancy or completely downtrodden.

LOOKS ARE MISLEADING

Once I visited a high-end restaurant and checked the menu card. Obviously it was way beyond my means but still, I mustered up courage and asked:

“Do you guys offer half-plate?”

The result?


The employee replied, “We Do!”

Oh my God, what a relief!

The half was more than enough. Employees in fancy places are just like you and me, a high-priced place doesn’t mean that the staff there has a snobbish attitude.

THEY’RE MORE THAN HAPPY TO HELP US IN MOST CASES.

Caution

DO Give yourself breaks on weekends to avoid any frustration and seek advice or share your problems if it’s getting hard.

BEING FRUGAL IS A LIFESTYLE, NOT A TASK,

The habit of wasting-less, will develop eventually.


Any doubts or issues?

Comment down below!

Happy to help, Always.

© 2019 Swapnil Ghosh

Comments

    0 of 8192 characters used
    Post Comment
    • profile image

      Bina 

      9 days ago

      Swapnil... Loved your style of writing

    • soni2006 profile image

      Rajinder Soni 

      10 days ago from New Delhi, India

      I have used nearbuy and zomatogold but never tried mysmartprice to compare prices. I will do it now after considering your recommendation. Your writing style is different and it will help many "people interested in saving money" get the right information. Eagerly waiting to read your next hub.

    • Abitha Deepak profile image

      Abitha 

      2 weeks ago from Chennai, Tamilnadu

      I agree that using the card can lead to excessive spending. Good perspective on saving money based on experience.

    • Niks007 profile image

      Niks 

      2 weeks ago from India

      Yeah, these are really very cool techniques to save some bucks!

      I m probably gonna try the couple's pass trick for the Halloween party this year! Your writing not only educates but also entertains the readers. I enjoyed reading it. Thanks, Dude!

    • Suchismita pradhan profile image

      Suchismita pradhan 

      2 weeks ago from Odisha

      Just like oxygen money is also important for our life.your article of saving the money is very useful and an eye opener.Thanks for posting.Its quite practical oriented.

    • Prantika Samanta profile image

      Prantika Samanta 

      2 weeks ago from Kolkata, India

      Thank you for sharing the ways of saving money, as adopting these approaches will definitely help us in the long run. I prefer to carry cash to cards because of the same principle that you have shared. And, of course, coupon is another essential thing but again as you have said don't spend the entire day searching for it. I can well relate to the hardships that you go through when staying away from home. I feel somewhere that helps, as it teaches us to how to manage the entire month in the given amount. Difficult but adopting your approaches are definitely going to benefit.

    • Vinita-Amrit profile image

      Vinita Amrit 

      2 weeks ago

      You really have a unique style. Loved it!

      Congratulations buddy. Keep up the good work and the humours style!!!

    • hmkrishna profile image

      Halemane Muralikrishna 

      2 weeks ago from South India

      Festivals are the days of high amount of spending. Your life hacks are really eye-opener for saving on undue expenses. Unusual spendings keep demanding and giving a lot of tension. Your article would help planning well, Mr Swapnil.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
    ClickscoThis is a data management platform studying reader behavior (Privacy Policy)