Simple Tips to Save Money

Smart people don’t necessarily earn a lot. They know how to save a lot. They understand the ways and times to spend money and how to utilize their savings. A practical, intelligent person will get the most value for his/her money by saving it well. It may seem complicated but its really easy to save money. Are you struggling with savings? Are you stuck every month trying to understand where your money went? Let’s find out how you can save money.

The CoVid-19 crisis has taught many of us a hard lesson. People have lost jobs, encountered illness, travel plans have been canceled, and studies have been affected. These times of emergencies make you realize the importance of having savings. You never know when you may need it. Are you prepared for a crisis? Can your partner or your family rely on you? You don’t need a lot, you just need to be sharp. We can help you figure easy ways to save money.

Start Saving as soon as you can. Don’t wait for a better job or more money. With your first paycheck, put at least 25% towards savings. If this seems impossible, then try as much as you can. The important thing is to start. Every amount matters. Don’t think of why and what difference it would make. Just put aside a little bit every month the moment you start earning.

Have a goal. Understanding what you are saving for is also important. It could be a new car or a new electronic item or it could be for your home. Keeping a goal in mind will energize you and make you motivated to stay on track. Put a picture on a wall or mark it on a calendar so you see it every day when you wake up.

Sell more than you buy. The internet is a wonderful place to earn an extra income. Start using Facebook Marketplace, eBay, or Amazon to earn some extra money. Sell the stuff you don’t need or use anymore. You can even sell your old clothes at various fashion websites. This is an easy way to save money and you can also find things for cheap or free on these sites. Garage sales are also held across various homes where you can find cheaper stuff or barter deals.

That pretty dress really looks good but do you need it? Start practicing the 30-day rule. Wait for 30 days before you decide to purchase anything and if you still feel like you need it after the 30 days, buy it. This is a great way of reducing impulse buys or random shopping expeditions online. You can also delete shopping apps from your home to avoid the temptation.

Write your shopping list down. Before making any grocery run, write a list. This way you will stick to what you want and not buy unnecessary items. Creating a monthly or weekly budget for your grocery expenses is also a good idea.

Repair, reuse and recycle. A lot of things that people throw out can be reused and made almost brand new. Torn jeans can be stitched up or covered with fancy patches and worn as new. Frayed clothes can be altered in a new style. Faded white sneakers can be cleaned or dyed another color. There is always a way to ensure things last long. Pro-tip: To avoid your jeans from fading or fraying, wash them once a month maximum. Jeans are sturdy clothing items that need to be washed rarely.

Start meal-prepping. By cooking your meals in a batch or meal-prepping, you can save time, money, and effort. You will always have a cooked meal waiting for you and you won’t be tempted to order in or eat junk food. You can create a weekly menu to make things simpler. It also helps you in maintaining your weight and health.

Buy quality appliances and electronics. These are the two things you should not skimp on. They may cost higher than average brands but they last longer and require minimal maintenance. You will also be able to resell them at a good price should you wish to.

Start gardening. Hobbies like gardening, sewing, knitting, painting, or crafts can be beneficial as it can be handy around the home. You can start small and work with easy plants in your window. Then work your way up to fruits or vegetables. This is also a healthy way of sourcing your vegetables and produce.

Use LED bulbs and lights or get a solar panel. Electricity charges can cause you unnecessary expenses through the year. With these little changes you can save a lot of money on your bills and add to your savings.

These are just some ways one can try to save money. As long as you are committed and dedicated, you can find a way. Saving money can benefit people from all walks of life and it will also make you one savvy customer.