The amount of money we waste every single day is just insane. Unnecessary things we buy without no particular reason and end up not using, the services we pay for, but don’t make the full use of, the food we buy, but never eat, cheaper opportunities we miss, little money saving tips and tricks we could turn into our daily routine, but never do.
More often than not, we don’t even realize how much money we spend in vain until we go through every financial aspect of our day to day lives, reconsider our everyday choices, realize where it’s totally possible to cut our expenses and start changing our money spending habits.
These tips will help you improve your financial lifestyle, save up a lot more money than you normally do and make a better use of them.
Tips for saving money in your daily life
- Change the lights in your house and replace your old ones with energy saving LED or CFL bulbs/lighting fixtures. They might seem quite expensive, but, as traditional bulbs use up to 5 times more power than energy saving ones, the latter will not only compensate for their cost in the long run, but also let you save around $10 dollars a year on each bulb you replace. In addition to that, energy efficient lights last for decades, as well as have quite long warranty periods in case if they burn out. So, go to HireRush.com and post a task for an electrician to upgrade the lights in your house.
Leave your request here - Plug your kitchen and living room tech into power sockets to be able to turn those off when not using them or leaving your house.
- Save at least $100 a month by limiting your meals out and takeouts to 2-3 times a week and sticking to home-cooked dinners and lunches the rest of it. Why would you like those expensive sandwiches for lunch at work if you can prepare even tastier, healthier and cheaper ones at home? And why would you order your dinners out if you can spend an hour or two on your weekend to cook a week-worth amount of homemade dinner food and make the full use of the groceries you buy anyway.
- Opt for cheaper cable packages or get rid of them at all. This will save you up to $1300 a year. Who on Earth needs 500 TV channels when there’s Netflix?
- Dentists are quite expensive. While you really want to trust an experienced pro when it comes to treating serious teeth issues, you may totally save up to 50% of routine dental care (such as teeth cleaning) if you use the services of dental school clinics.
- Use grocery shopping and delivery services to really stick to your shopping list and not waste gas on trips to the stores.
- Most likely, you have your own coffee making machine or at least a French press at home. Buy a nice reusable cup, take extra 5 minutes to make your own coffee in the morning and save 5-10 bucks on coffee every day. You’d spend that time queuing at the coffee shop anyway. So, don’t use the lack of time as your excuse.
- Insulate your house, seal window and door cracks to cut your AC and heating expenses.
- Make sure to keep your car in good condition. It’s definitely better to spend some money every once in a while to get your car checked at the auto repairs and conduct regular maintenance measures than let sudden breakdowns break your bank.
- On average, a single American spends about $350-370 a year on cleaning supplies. That number reaches $750-870 for a family of 4. Learn how to make DIY hardwood floor, all-purpose cleaners and even laundry detergent powder not to buy those chemicals at the store.
- If you’re on a really tight budget, use cash system or at least get rid of the habit of using credits cards. There’s no need to fall into temptation and pay extra fees.
- Budget your necessities and stick to 30-day rule when it comes to buying the rest of the items you just ‘want’ to eliminate impulsive purchases.
- Save money on your groceries by meal planning and basing your meals for the week around the grocery store sales, discounts and coupons.
- Clear out your wardrobe regularly to sell the items you don’t really wear and get some money to buy a couple of new trendy pieces. Shopping second hand is a great option as well. It’s a lot more fun too, especially when you get to buy a designer item that’s been worn once or twice just for a few bucks.
- Plan the presents you have to buy and purchase them throughout the year to spread the gifting load evenly and take advantage of different sales.
- Did you know that Americans spent $1.9 billion on Halloween decorations last year? And the amount of money we spend on Christmas decor is enough to end homelessness in the US. Save your money and don’t buy holiday decorations and home decor every single year. Pick the ones you really love for each season and use them for a couple of years in a row.
- Attend as many free local events as you can to save money on entertainment and still remain social.
- Don’t buy new skin care, makeup and hygiene products until you finish the ones you already have. One bottle of shampoo and shower gel is what everybody needs.
- Discover online libraries and swapping websites to save money on brand-new books, video games and movies.
- If you need to buy something expensive, compare prices in different online stores to choose the best deal.
- Set a long-term financial goal and save up for it. Be consistent and try to beat your monthly saving records. Reward yourself once you reach that goal.
