How to save every day

2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44

17 tricks with which you can save money without limiting yourself too much.

1. Observe the 48 hour rule

Most of us spend a significant part of our spending on impulse purchases. We often stumble upon some cool thing in a shop window in a shopping center, or in Chinese online stores, or somewhere else. And the sales on Steam, when we buy games that we then launch only a couple of times … This is a real black hole where money flows.

Chris Whitlow, CEO of financial education company Edukate, recommends 12 clever ways to save money every day, according to financial experts, to use the 48-hour rule.

To avoid impulse purchases, wait 48 hours after you see what you want to buy. This will help you decide if the purchase is important.

Chris Whitlow

In short, take your time to spend money.

2. Buy clothes online

It is cheaper to buy things on the Internet than in regular stores. So feel free to shop there. Of course, trying on clothes on yourself is much easier than figuring out the sizes on the page of an online store. But, knowing some simple tricks, you can dress on the Internet in such a way that even for a fashion week.

3. Do not link the card to online stores and services

Online shopping also has a drawback: the speed and simplicity of online orders pushes us to make more and more purchases, even if they are not really needed.

Jennifer McDermott, consumer protection specialist at Finder, advises 12 clever ways to save money every day, according to financial experts, not to link your payment cards to accounts in online stores and other services.

Removing payment data from online stores can save you from impulse purchases and reduce your spending. The more time you spend on checkout, the more likely you are to make the right decision whether to buy or not.

Jennifer McDermott

For any payments, enter your details manually. Suddenly you change your mind about placing an order at the last moment.

4. Disable subscriptions to unused services

There are tons of services on the Internet that work with a paid subscription. This includes Apple Music with Google Play Music, and PlayStation Plus, and storage like Dropbox, and note-taking like Evernote and Bear. When you have a lot of subscriptions, money starts to simply flow away like sand through your fingers.

Monitor your subscriptions. You can do this manually, but the most convenient way is to use apps like Subby for Android or Bobby for iOS.

5. Buy some things off hand

You don't have to use only new things. For example, sports equipment such as dumbbells and weights, musical instruments, bicycles, books, handicrafts - they do not deteriorate over time, they do not lose anything from a change of owner, so why not save some money?

True, you should definitely not buy some used things, but in all other cases, buying from your hands helps to significantly reduce spending.

6. Train at home

Paying for a gym membership and a coach is not cheap. Of course, it is easier to study under the supervision of a professional who will guide you and, if necessary, cheer you up with a motivating kick. But with the proper level of discipline, you can keep fit at home. For this, there are many sets of exercises.

7. Use public transport or bike

Owning a car is not only expensive in itself. There are many outside costs associated with owning a car: gas, parking, insurance, and repairs.

Andrei Vasilescu, CEO of DontPayFull money saving service, in an article for Business Insider says 12 clever ways to save money every day, according to financial experts:

Stop driving to work every day in your car. Instead, use public transport, trains, metro, buses. Or try cycling or walking. This will ease the load on your wallet, and improve your health at the same time.

Andrei Vasilescu

Of course, many people (especially parents with children) will not be able to completely abandon the car, but at least you can reduce fuel consumption.

8. Sell unnecessary things

Almost all of us have unnecessary things (except for the cat Matroskin, but also because he recently moved to Prostokvashino). Instead of just throwing them away, sell them.

Furniture that has ceased to fit into the interior after renovation, not a particularly new smartphone, clothes that you grew out of (or that you just didn't like) - you can sell anything. Not only will you free up some space in your house, you will also earn extra money.

9. Insulate the windows

Seriously, take care of the insulation of your home. In winter, you will turn on the heater less often and save a lot of electricity. You can also start dressing warmer at home: replace your shorts and T-shirt with pants and a sweater.

10. Engage in self-education

Think, do you really need personal Spanish courses or master classes on creating sculptures from polymer clay, if there are tons of free guides, trainings and courses on any topic on the Internet?

First, save money by not paying all the teachers, coaches, and instructors. Secondly, save time: opening video tutorials on YouTube or finding a tutorial on the Internet is much faster than getting to your circle on the other side of the city.

11. Buy smart bulbs

Smart bulbs that only light up when you need them (for example, in response to movement or sound) can save you a lot of electricity. And some models can even be controlled from a smartphone: it is very convenient if you forgot to turn off the light when leaving the house.

In addition, smart bulbs are equipped with LEDs, so they last longer than conventional incandescent bulbs. So this is a profitable investment.

Well, the traditional one: when leaving the toilet, turn off the light.

12. Watch movies at home

Going to the cinema is great. But if you are serious about saving money, consider watching movies at home. After all, you have a TV or a computer - so don't be idle.

At home, you will not be annoyed by ill-mannered children throwing popcorn at the screen, and adults talking on the phone during the session. Again, if one is bored, then friends can be invited for a joint acquaintance with world cinema.

If you really don't want to give up the cinema, there are still ways to save money: for example, choose morning or late evening screenings and not go to blockbusters right away, but wait a couple of weeks after the premiere.

13. Sign up to the library

Buying paper books is great if you're building your own collection of literature, but it's wasteful. You will save money if you start going to the library. Books there can be read for free and absolutely legally, including electronic ones: in many libraries there is an opportunity to get temporary access to online book services.

14. Make shopping lists

Shopping lists help you avoid unplanned spending. First, with the list, you won't forget to buy what you need in the supermarket at a discount, so you won't have to buy it at an exorbitant price at the convenience store. Secondly, the list will reduce the likelihood of impulsive buying and, in general, will raise your discipline.

15. Plan your menu in advance

Plan your weekly menu wisely and you will need to shop less often. Plus, this way you use fewer ingredients and prevent food from lying around in the fridge and spoiling.

Andrea Voroch, American consumption expert, says 12 clever ways to save money every day, according to financial experts:

Planning your meals for the week helps you avoid unnecessary purchases. Another way to get rid of stale supplies is to try different recipes with overlapping ingredients.

Andrea Voroch

Use apps to find and compose recipes. They will help you prepare a wonderful dish from what is already waiting in the wings in the fridge.

Eat delicious food and save money?

How to save on food

16. Create free entertainment

You don't have to shell out a big sum to have a good time. Try playing board games with friends instead of dragging them to the bar. Go for a bike ride or walk with your loved one in the park instead of going out to restaurants.

Get creative ✨

25 Budget Date Ideas

17. Install the budget app

Saving without budgeting is impossible. In principle, it is possible to keep track of expenses and incomes in the granary book, but it is better to do this in special applications. Or at least an Excel spreadsheet.

Matt Reiner, CEO and co-founder of financial services Wela, recommends 12 clever ways to save money every day, according to financial experts:

Use financial planning apps. They help you easily save money every day because they can connect to your accounts and keep track of your income and expenses without your constant intervention. With them, it's easy to find problem areas where the most money goes.

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