The web is full or articles that tell you how to save money fast, but many time the cost of this is cutting down on everything you love. These 5 tips will help you save and not lead a miserable life in the process.
Not eating out, not spending money on movies or Netflix, not asking for food delivery or not buying the clothes you like, may help you decresae your expenses a lot, but all these things also may take all the joyo out of your life.
That is why it is important to not leave all the things you like out, because if you do, you will only stick to this plan for a short time. Here are some tips that can be a better option.
1- Pay in Cash
Paying in cash is a great way to achieve not going overbudget. Also, if you don’t use your credit card, debt and interests are avoided. So this helps you to save money in two different ways. When you receive your salary, you should pay all your bills and fixed expenses and then calculate the money you will need for optional or variable expenses. The money towards your savings account, your IRA or your emergency fund is then separated at the begginning of the month and not at the end. This way saving is a priority. Paying in cash is a way of controlling your money in a better way.
2- Collect Coupons
Using coupons can save you so much money it’s almost ridiculous but most people just throw them away as “junk mail”. The best part about using coupons is they allow you to keep buying the products you love and not switching to generic or store brand products.
3- Pool your internet or Netflix bill with a neighbour
If you have a good relationship with your neighbours you can try talking with them to pool the internet bill. The same can be done with your Netflx, for example bill making these expenses ridicously cheap.
4- DIY (Do It Yourself)
Watching YouTube is a great way of aquiring skills for free. There are tutorials on plumbing, basic car mechanics, repairing wet cell phones, and an enormous amount of things on which we spend tons of money. If you learn about these and many other essential services, you’ll be able to save by never having to pay for simple problems again.
5- Buy energy-saving everything.
The easiest way to lower your bills without changing your habits, is by replacing your lightbulbs and energy innefficient appliances. Although this will mean an investment at first, what you save on your electricity bill is well worth the money.
Traditional incandescent light bulbs consume an excessive amount of electricity and must be replaced more often than energy efficient bulbs which use anywhere from 25-80% less electricity and last three to 25 times longer. This means that they cost less in the long run and are the clear winners in terms of their environmental and financial benefits.
The same happens with appliances. Although energy efficient ones usually have higher purchase prices, their operating costs are 9-25% lower than conventional models.