When it comes to saving money a lot of us want to save money for a future plan or to buy a Smart Phone either a Play station or a TV. All of us plans to save money or think about hundreds of times in our day to save money but most of the time we fail in that. Why is that so? I will let you know, we fail due to lack of planning, due to our bad habits of buying things which are not necessary for our daily life or we waste our money on things that are just useless for us. The problem that most of the people can’t save is that they buy things on lease, that what causes a high interest to be paid in every month that never allows them to save. So here in this article I will share 3 simpler Ideas through which by just pinching some of your bad habits you will be able to save money.
1-Un-subscribe the automatic subscriptions and memberships,
Time to unsubscribe any of the membership or subscription that you don’t use on regular basis. For instance you are paying to many subscriptions like Netflix, Amazon prime, Spotify, Hulu or gym. You just need to cut them off because most of the time you are just paying them and not using them. So if you think that you need a subscription again, re-subscribe it manually but don’t use the auto subscriber.
Most of the sites (like Netflix) allows you to use multiple screens on a single account so you can use them on sharing and save a healthy amount.
2- Save on your energy payments,
You can save a healthy amount from your Electricity or Gas bills just by applying a few pinches to your house. For instance you should wash your clothes with Cold tap Water, Changing your household appliances with the devices that consume much less energy (Bulbs with LEDs) although they can be a bit heavy on your pocket on that time but it will save you much.
3- Use a lunch Box for your workplace,
The heading sounds quiet interesting but You will be amazed to know that according to the labor statistics bureau an Average person spends 280$ a month on just buying food from outside. So to save in this regard you should pack your lunch from home to your workplace. Although it looks easy when your favorite food is available near to your work place but it can damage your plans of saving money so you should be careful in this regard and prepare your food at home that will save you much.4- Get rid of unprofitable households,
Yes you got it right, sell the things that you don’t use in your home like the sofas or your aunt’s unique watch that she gifted to you. Sell them, you will see how by selling these old/useless things will balance your budget and will make your house clean.
5- Skip vacations,
Instead of wasting hundreds of dollars on a vacation to the Paris, you should avoid these long vacations and interchange them with short tours of your city and picnics to your nearest family parks. By this you will see the shift in your budget and notice how much you saved in it.
6- Visit your library,
Instead of buying new books from the book store you should first go to your nearest library because most of the libraries issue books to their members. So instead of buying books you should buy your library membership. So that you should be able to save money in this regard.
7- Say Good bye to Coffee!
You got it wrong here. We are not asking you to skip your coffee but to skip to go the the coffee shop so that you could save your $5 daily on that. Instead of buying coffee you should make your coffee at home. Buy some beans from your local coffee shop and start making your coffee at home.
8- Hire yourself,
Yes do your repairing by yourself, this could be done with the help of Google and you will only have to pay the amount of items that will be used. Let’s suppose you have to change your light simply check it on Google and do it yourself instead of calling an electrician. That will help you to save pretty much of your monthly income. If you are a very lazy person and still want to save you can ask a friend or neighbors for help, this will work too.
9- Check at your cell phone bills
One of the most important saving tip is that you should compare your mobile phone bills with the other bills and if it exceeds you should make a cut off. You can do this by unsubscribing your phone insurance and you should cut your internet plans that are costly and do a bit of research on this so that if you have to change your service provider for it then change it, So that you will be able to save more.
10- Take a benefit from your insurance plan,
Most of the companies provide insurance to their employs. Do you know about your insurance plan? consult your human resources department about your insurance plan and use it so that they could benefit you in your future.
11- Go for sales,
Always check for sale on items you buy or whenever you buy a ticket for an event, museum or a Movie you should ask that either they give discounts to students or any other category of persons. You don’t know how much of these discounts you are missing, take a step ask for it and save.
12- Stop buying start borrowing,
Do you need a blender for your kitchen just for a day or an axe for your garden for a weekend don’t buy ask your friend or neighbor and borrow from them this would help you to save.
13- Unsubscribe from temptations,
You will be thinking what that means you should unsubscribe from automatic emails sent by marketing companies. They tempt you to buy items that look glossy only in that pictures. These marketing companies tempt you for free coupons and exciting offers don’t go for it and if you can’t resist that temptation unsubscribe the emails. This would be a big victory towards your aim.
14- Using your extra income,
If your company gives you bonus on your pay don’t waste it on buying a useless item instead of it save that amount for a future plan. If you are in debt you should first pay your loans and yes if you are debt free you can save the amount in your bank or any other reliable source.
15- Saving account,
Set up a saving account at your bank and allow them to cut a percentage of your monthly income to that saving account. By this you will save a lot in a very short time and will have your interest on it. This will amazingly balance your budget and will let you stick on the right path towards your aim of saving money.
16- Cut off your Cable TV,
This is amazing that the average rent of a cable TV is 1200$ for an year, that sums up to be a very big amount you should be amazed to know that you can watch your episodes on that channels App by free . So why should you waste your money on cable TV when you can watch your episodes for less on your mobile phone.
17- Stop Buying Brands,
One of the easiest way to save money from your shopping is to say good bye to the brands. You can have the same type of items from a local store because sometimes the brands sell their name only so you should stop buying the brands and go for a local store that would work the same.
18- Avoid Debts,
One of the biggest enemy of money saving is debt, say good bye to debts because this would never allow you to save money and you will always be in debt because of these interests , go for the plans to get rid of your debts this will help you a lot to make a step towards money saving.
So these were the 18 simple and effective money saving tips which will surely help you to save a handsome amount from your monthly income. Also we would love to hear from you so simply drop a comment below and share your experiences with us.
Good luck and have a nice day!