7 Amazing Tips on How to Save Money Fast
Does it ever seem like money is just flying out of your bank account at times? Saving money can seem almost impossible, especially during challenging times. So here are some simple tips that can help you save money and save it fast.
1. Turn Off Electronics
Turning off your electronics is good for your soul and your wallet.
Turn off your television. Spend your time doing something less expensive, like reading or walking. Find other ways to fill in the background noise like playing music on your phone or listening to a podcast.
Turn off lights that aren't being used. This may seem like a small thing that you've heard over and over. However, it is one of the best ways to keep money from leaving your wallet.
Unplug your devices. Keeping things plugged in all over the house can add up, causing a sneaky rise in your electric bill. Use your phone a little less and see how it betters your day.
Keep your thermostat numbers respectable. Don't try to create an indoor sauna during the winter or an indoor winter wonderland during the summer. Make the numbers reasonable for your local weather.
2. Use the Thirty-Day Rule
The Thirty-Day Rule a really life-style change that can help you save money. This revolutionary rule simply means you should wait thirty days before deciding whether or not to buy something you don’t need right away.
Yes, we know that this may seem like a long time. But that's the point. In thirty days, you may be able to talk yourself out of an impulse-buy or avoid buying something you can live without.
This is yet another one of our rules that is also good for the soul too! This thirty-day period will train your brain not to expect instant gratification.
The wait is well worth it and your wallet will thank you.
3. Use Your Time to Declutter
Use the thirty days that you're waiting to buy whatever you have your eye on to declutter your house and sell a few items you don’t need anymore. The money you make could be put towards that thing you have your eye on during the thirty-day period.
Go through your closets and random drawers and even scour through that creepy basement and all the boxes you never unpacked years ago.
There’s an old saying “one man’s trash is another man’s treasure”, anything you are getting rid of could be seen as valuable in the eyes of someone else. There are many personal sales apps that you can use to easily sell your things to others.
4. Actually Read Your Credit Card Statements
We hope you're already doing this (as it prevents fraud), but you should be reading your credit card statements. Having notifications for your banking app(s) is also great. This will allow you to actually see the money coming out of your bank account.
Many people recommend using physical money, but this is quickly becoming a thing of the past. If you like physical money, that's great. If you use cards, reading your statements will give you a clear picture of each transaction.
Looking at this statement will show you how much money you're spending on daily lunch trips or morning coffee trips. It may reveal that regular fee, from a membership to some company you forgot about years ago.
Go in and cancel any extraneous memberships or subscriptions you have and cut out the big spenders.
5. Stick to Your Shopping List
This may be the hardest thing on this list. We know how heartbreaking it is to walk past the sweets aisle without a treat to call yours, but these treats are not helping your financial situation at all.
Create a list and stick to it. If you buy outside of your list, it's you ignoring you. Don't do that to yourself.
6. Revamp Your Meals
You can save money with every meal.
Eat breakfast. Eating breakfast is not only good for your health, but it can also prevent you from overeating when you're starving at lunchtime. It also prevents cravings later in the day.
Bag your lunch. Bringing lunch to work may not be the cool thing to do, but it will definitely save you money. Invest in a lunch box and a reusable water bottle too.
Eat dinner at home. We know that going out is nice every once in a while, but going out every night is not feasible if you're looking to save money. Eating dinner at home with those new recipes from your favorite blog could be a fun way to spice up your time at home.
7. Live Within Your Means
We cannot stress this enough.
If your financial means will only allow you to stay in a one-bedroom apartment, you may have to consider that. If your financial means will only allow you to eat out once a month, that needs to be taken into consideration too. You have to be willing to listen to your bank account and your salary until that bank account grows or your salary increases.
Go Forth and Save More!
Now that you've learned all of our tips to save more money, go out and put them to the test.
Watch that bank account climb and that credit card bill plummet as you make the more financially conscious decisions for you and your family.
For more finance tips, read our finance blog.