10 Simple-Yet-Effective Ways To Help You Save Money

Atmaj Vyas , 20 Apr 2018
Save Money (Image Courtesy: Shutterstock)
Save Money (Image Courtesy: Shutterstock)

When it comes to saving money, it’s always the right time! It starts with a small step and you’ll be surprised at how things start moving in your favour. Starting out and taking that first step is actually the hardest part! It’s important to remember that when it comes to saving, there isn’t any instant gratification. It’s something that will start to show it benefits over time. That being said, saving isn’t rocket science! It’s actually pretty easy and to help you, here are a few simple ways to get started with.

1. Save Electricity

Something as simple as turning off things when you’re not using them can also go a long way. If you’re not watching TV, switch it off. Also, turn off your fan and lights when you leave the house. Try controlling how much you utilise everything and you will start seeing a change in the bill you pay. Also, it’s advisable to replace old things with new, power saving ones.

2. If You Don’t Need It, Sell It

There are a lot of apps and websites that allow you to seel your old appliances, gadgets and even your clothes. Instead of letting them just sit there and gather dust, consider selling them. This will help you earn a little extra on the side and also help you be able to save more.

3. Coupons And Offers

There are always offers running for various things that you need, throughout the year. Instead of buying them at full price, wait for them to go on discounts. Usually, during festival time, many retailers and other places offer huge discounts! This is the best time to get what you’re looking for. Also, while it might seem trivial, collecting and utilising coupons is another effective way to help save money.

4. The 30-Day Rule

The rule is pretty simple! If you think you really need it, wait for 30 days before you buy it. Usually, when we see something, the chances are that we may not really need it! In the 30 days, the urge to buy that thing usually passes. This rule can help you save yourself from unnecessary spending and in the long run, save you a lot of money.

5. The List

Before you head out to go grocery shopping, make a list. The idea is to stick to that list no matter what. This is a good way to help you curb your expenses and prevent you from making any unnecessary purchases. In the long run, it also helps you manage and curb your temptations.

6. A Home Scene

Inviting your friends over or going to a house party is the most pocket-friendly way to enjoy. We’re not asking you to stay home every weekend but plan it out. A home scene with dinner and a few drinks can be a lot of fun. Throw in board games, homemade cocktails, potluck dinner and you’ve got the perfect evening.

7. Fast Food Nightmare

Eating out every now and then is fine, but you can’t make it an everyday thing. Not only is it bad for your health, it’s also a major expense. There are a lot of services out there that you can subscribe to, that deliver good and healthy food to you, at your doorstep. These are a good alternative if you’re really that lazy and don’t want to cook.

8. Don’t Rely On Your Credit Cards

Now we’re not saying don’t have a credit card (even though it’s the best thing ever). We’re just saying that stop relying on it for every small thing. A credit card should be an emergency option only. Think of it as a last resort. The best way to avoid using your credit card is to not carry it with you. A credit card has the ability to give you a false sense of security and allows you spend more than you actually have. So be careful.

9. Compare Prices

Whether you’re booking a flight or buying an appliance, always compare the prices. Most of the times, you’ll find a cheaper rate or an alternate. Don’t rush into anything without first thinking about it and comparing it with all the possible places. It might seem time-consuming, but this is a habit that will pay a major dividend in the long run.

10. Transportation

Commuting from one place to another is one of the main areas where you can start saving. Start using public transport or opt for a carpool. Not only is it good for your wallet, it’s also pretty good for the environment. It can also help you save time because you don’t have to struggle to find parking or wait hours in traffic if you use the train.

Do you have some pro tips? Let us know in the comments below.

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