Saving money is boring, and it’s hard to do it consistently over time. But if you know how to find ways to save money without noticing, things will become much more comfortable, and you can grow your investment accounts to life-changing levels.
Everyone who has a job with a decent income can plan a budget and get money over for a savings account. But if you are struggling with your economic situation, every penny is important. Don’t lose hope. There are smart ways to save money, even if your commercial space is small.
Smart ways to save money in your daily life
- Make your lunch at home
Buy cheap groceries and make your lunches for the week at home. If you buy your lunch every weekday, the monthly cost is pretty high. Are you able to eat a steady breakfast before work, you might need a small lunch? A small lunch can be cooked and eaten fast.
It’s smart to create lunch packets once a week, which can save time all the other weekdays. When you are cooking your lunch, you get better control over nutrition, and you can cut back on salt and sugar for a healthier lifestyle.
- Use rewards credit cards
We have to buy food, gas, and consumables almost every week, and why don’t we take advantage of a credit card that offers reward rates on your purchases. When using a credit card, the right way can help you save some money.
With Chase Freedom unlimited or American Express Cash Magnet, you get a 1.5% cashback on all purchases. It may not seem much, but many other credit cards have only rewards on specific things. Use a credit card only when you can earn cashback and pay the bills in time.
- Stockpile groceries
Look for discount coupons and weekly sales at your local grocery store and plan your meals accordingly. If you can buy big packs of foods and quantity discount items and stockpile them at home, you can set aside hundreds of dollars each month.
If you have a large freezer, you can store frozen foods for many months. With enough storage, you can become a discount hunter and make bargains whenever opportunities appear. If you live in a small space, you can stockpile dry and canned foods.
- Buy a Crockpot
A crockpot (slow cooker) is a piece of smart cooking equipment that can save both time and money. If you have a stressful life and don’t have much time for cooking, then you should consider investing in a crockpot. A crockpot can deliver healthy and delicious food with little effort.
A programmable crockpot is the ultimate home cook. Just pour in the ingredients and set the timer. You can do it in the morning and have dinner ready when you come home. When you don’t buy fast food, you can save money every day.
- Take advantage of cashback reward programs
Many businesses have loyalty programs, and why not become a member when you are buying things anyway. There are many Smartphone apps, too, which you can earn reward points and cash backs while shopping online.
Hotels and airlines have often reward programs, but most people don’t qualify for higher levels because you must fly or book so many times to get points. It’s better to download an app like Drop, which gives you reward points when you are using a debit card.
- Use free streaming services
Cancel subscriptions and start exploring free alternatives. There are many free streaming services available online, and if you can accept ads, websites like Crackle and Tubi TV have a lot of movies and shows for free.
YouTube is also a great free source of entertainment and information, but if you must have a Netflix or HBO premium account, see if you can share a family subscription with family members. Every small expense can be combined to become a large sum of money.
- Walk and bike
Take every chance you get to walk or bike to work. At least if the range is not too far and the wheatear is ok. Leaving your car at home some days can help you save money and give you free exercise. Being lazy is no excuse, and being lazy is also expensive many times.
If you live and work in a city, using a bike is a great way to commute. Paying for expensive transportation or repayment on a car can sometimes be half the monthly budget. If you can save money on transportation, don’t wait another day.
- Buy after seasons
If you can wait until the season ends, you can get twice as much for the same money. When looking for new TVs, smartphones, and computer parts, buying the previous generation is a good idea. Features and benefits don’t change much over each generation, so you get a great deal if you can resist the latest gadgets.
Wait for Singles day, Black Friday or Cyber Monday, and you can find many bargains. But before you buy anything on sale, make sure you research and compare previous prices. Many companies try to trick people and raise the price just before a big holiday, then lower it right after the holiday.
- Avoid impulse spending
It’s tough to resist an impulse buy. When a new item appears, the desire to get it is sometimes unbearable. But don’t fall in the trap, because it can lead to a spending behavior which can make it challenging to save any money.
You can try the 30-day rule. Write down what you want to buy and wait 30 days to see if you still need it or want it. Waiting a full month might seem like a long time, but if you are serious and want to save money, you should try methods that can help you make it.
Don’t wait saving money for better days
You can start with small amounts. Even if your financial situation is severe, you should find at least a couple of spending areas to cut back on. One excellent investment to make is in yourself. Many online guides and books can teach you to have to understand the financial systems and help you invest money smarter.
Compound interest is what makes money grow fast. The more money you invest and reinvest, the faster your savings are growing. If you are ready to change and stop spending money on things you don’t need, you could follow a path that leads to a better economic life and a brighter future. A less stressful experience is only possible if you don’t have financial concerns.