Keep spending time and possibly keep thinking of ways to save money.
Possibly you are a compulsive shopper, you cannot stay at home for a weekend and you love restaurants; but you are aware that it is necessary to give your spending habits a general review.
Do not take this subject lightly, knowing ways to save money is the first step towards your financial freedom. And most of the time this good habit falls into the sin of procrastination.
You propose to save, but every month you find something to do, a new product that you “need to buy”, vacations, the new car, anyway; Life seems to constantly tempt us and at the end of the day, we simply promise ourselves that we are going to save the next month.
When are you going to take this seriously?
Find below 17 ways to save money every day.
Ways to save money.
1. Honestly review your financial situation, don’t hide your head in the sand. Calculate exactly how much money you need to cover your expenses, and how much you could save each month.
two. Make sure you have a savings account that is easy to transfer money into. This account must be a different one from the one you use to receive your income and pay your obligations.
Also read: 5 financial decisions you will regret in the future.
3. Cancel subscriptions you don’t use or really need (like the gym, magazines, etc.) and commit to putting that money into your savings account each month.
Four. Find ways to reduce utility bills. When you do, transfer the difference to your savings account.
5. Review what you bought at the supermarket in the last two months… what could you have bought cheaper? What ended up in the trash? Trying to buy only what you need can make a world of difference. Making a meal plan will be very helpful.
6. Learning some cheap and healthy recipes will help you reduce expenses in the previous point.
7. Pay your debts. When you finish doing it, continue paying the same amount but to your savings account.
If you haven’t read our article how to avoid debtit will surely help you.
8. If you have children, make a list of 30 things they would love to do that cost nothing or are low cost. Plan them for the weekends. Planning is key to having fun on an impulse budget without spending.
9. Become a discount coupon hunter. If you want to buy something, quickly browse the Internet to see if you can find a coupon that could save you some money.
Also read: Rent or buy a property, what is the best decision?
10. Learn to say NO. Your friends will always be inviting you to do thousands of things and many of them require money that you could save. Take stock, reduce the money you spend with your friends, but don’t lose them.
If you want to know more ways to save money…here are 7 more ways.
eleven. Use the bike. It’s cheaper, you exercise and with city traffic sometimes it’s faster.
12. Forget fashion. Just because your friend has the latest dress/phone/car doesn’t mean you’re falling behind.
13. Be your own judge to determine who you are and what you want without worrying about others. Comparing yourself with others does not help and will not bring you anything good.
14. Packed lunches save money, as do batch cooking and freezing. It may seem super boring to do it, but think about what you could invest the money you are not spending in restaurants.
fifteen. Be careful with the holidays. It is clear that you need to rest and traveling is the best experience. But do it wisely without affecting your savings.
16. If you want to increase your savings, consider selling some unused items. Surely you will find a couple of things that you bought you used and got bored.
17. Learn to budget for everything. Holidays, Christmas shopping, weekly groceries, etc. Sticking to this budget will make you feel good and in control. Adjust it and review it when you need it. Having a budget and a financial plan makes a difference.
The following articles will be of great help to you.
- How to make a quick and easy budget for my personal life.
- Make a simple budget using these 3 categories.
What other smart ways to save do you have? Share them in the comments.
And remember that if you are really interested in creating your own business, you can purchase our book “How to create a company while working: Discover how to manage your time, manage your money and motivate yourself while creating a company and working for another” , where you will find all the information you need to found your own company, without having to leave your job.
