Who doesn’t want to save more money? No matter how much you have, it always seems like you need more and while that isn’t always possible, it is possible to find new ways to save money. When you save, you reduce the amount of money going out so that you have more, even if you cannot increase the amount of money coming in. So let’s take a look at some ways to save money. Maybe you haven’t tried these all before.
Here are five easy ways to save more money:
Put the credit cards away.
Sure, they help your credit to have them, but only if you’re not maxing them out. When you carry them with you, you’re likely to spend more money. Instead, leave home with only enough money for what you need.
If you have a weakness for credit cards, use the cash system to avoid over spending money.
This is a quick summary of how this cash envelope system works:
- You budget your paycheck.
- You create categories for your budget. If you want more information about budgeting, I suggest you read these posts.
- Write the categories on blank envelopes.
- Fill the envelopes with cash selected for each category on your budget.
- When the money is gone, it’s gone. You can’t refill your envelope just because you spent the money. You can’t go back to your bank account and withdraw money from your account to stuff your envelopes.
Wait for big ticket purchases.
If you want to buy a big-ticket item, give yourself 30 days to think about it. If you still want it after that, go ahead and consider buying it.
Not waiting to buy big ticket items is something I do because I am an emotional shopper. Being and emotional spender is a weakness of mine that I have learned to accept and worked around. When we want or need to purchase a big ticket item, I tend just to give into emotions and buying. By doing this, I tend to spend over on an item that if I took the time to research I would save more money.
If you feel the urge to buy a big ticket purchase and need to stay focus check out this helpful tips:
Go back to your goals – When you seem like you are lost and need motivation, sit down with your husband/partner and go back and read over your goals. Remind yourself as to why you created them in the first place. The reasons you created these goals matter, they were important to you. By doing this, it will give you motivation and remind you of better times.
Go over your budget – Every month, you should go back and look at your budget. Looking at our budget helps me stay focused financially. It helped me take my mind off my other problems. I think I looked our budget more because I was so afraid that I would mess up; also because it seems like looking at it gave me some control.
Take a 24-hour break before spending – When I feel an urge to make a decision that will affect our finances, I will wait 24 hours before making any decisions. I learned that if I let my emotions get the best of me, I will not think straight. With a good night sleep, things look differently.
Do a price check.
You are much more likely to spend more if you don’t look at prices and you just grab things from the shelves. You can save money on items by checking store ads each week and price matching.
Nearly everything can be discounted from car insurance to groceries. Shop around, use coupons, buy in bulk, ask for discounts. You never know until you try.
Find at least one expense to cut.
Most of us have at least one thing we can do without, even if it’s just for a while. Are there cable channels you pay for and don’t even watch? Do you have subscriptions you don’t use? Cut back on those.
Now that you have these tips for saving money, you are ready to start saving today. Sometimes it’s the little things that add up in a big way and when it comes to saving money, this is where it all begins.
There are more easy ways to save money that this list could go on, for example, using money-earning apps when shopping. Below you will find some money-earning apps that will give you rebates on selected purchases:
Easy ways to save money are there and how much you save depends on you. How other easy ways to save money do you practice that gives you results?