Dealing with your poor financial condition is not an easy task,but if you're really wish to overcome it then definitely you can.Just like in every process the first step is always the hardest one. After that, you start taking more and more little steps and before you know it, your financial life is getting better and better.
So here we're going to provide you a list of tips to save money. Each of these tactics are simple little moves you can make to improve your financial situation. Some of them take just a few minutes, others might take an hour or two, some of them require a bit of regular effort, but they are all incredibly simple and anyone can do them. Each of them also save significant money and when combined together these tips can save you a lot of money.
- Switch your bank accounts to a bank that respects you. You should not be spending your hard-earned money on maintenance fees – you also should be earning some serious interest on your checking and savings accounts.
- Turn off the television. One big way to save money is to watch less television. There are a lot of financial benefits to it, less exposure to guilt-inducing ads, more time to focus on other things in life, less electrical use, and so on.This is great to unwind in the evening, but seek another hobby to do that.
- Turn a critical eye to your “collections.” Most people collect something – what do you collect? Is it something that consistently brings you joy? Or is it something that you just do out of habit at this point? Does the collection itself have value? Could you perhaps “trim the fat” from this collection by getting rid of duplicates or getting rid of the items you no longer use? Also, could you perhaps cut down on your spending on that hobby? Focus on trimming the things you do not feel strongly about – if you dig into things that bother you, you are going to eventually relapse.
- Sign up for every free customer rewards program you can. Even if you rarely shop at that place, having a rewards card for that place will eventually net you some coupons and discounts. Here is the basic game plan for maximizing these programs, create a Gmail address just for these mailings, collect every card you can, and then check that account for extra coupons whenever you are ready to shop.
- Make your own gifts instead of buying stuff from the store. You can make food mixes, candles, bread, cookies, soap, and all kinds of other things at home quite easily and inexpensively. These make spectacular gifts for others cause it involve your homemade touch, plus quite often they are consumable, meaning they do not wind up filling someone’s closet with junk. Even better – include a personal handwritten note with the gift. This will make it even more special than anything you could possibly buy down at the mall, plus it saves you money.
- Write a list before you go shopping – and stick to it. One should never go into a store without a strong idea of what one will be buying while in there. Make a careful plan of what you will buy before you go, then stick strictly to that list when you go to the store. Do not put anything in the cart that’s not on the list, no matter how tempting, and you’ll come out of the store saving a bundle.
- Invite friends over instead of going out. Almost every activity at home is less expensive than going out. Invite some friends over and have a cookout or a potluck meal, then play some cards and have a few drinks. Everyone will have fun, the cost will be low, and the others will likely reciprocate not long afterwards.
- Instead of throwing out some damaged clothing, repair it instead. Do not toss out a shirt because of a broken button – sew a new one on with some closely-matched thread. Don’t toss out pants due to a hole in them – put in a patch of some sort and save them for times when you’re working around the house. Simple sewing can be done by anyone – it just takes a few minutes and it saves a lot of money by keeping you from buying new clothes when you don’t really need to.
- Don’t spend big money entertaining your children. Most children, specially young ones, can be entertained very cheaply. Buy them an end roll of newspaper from your local paper and let their creativity run wild. Make a game out of ordinary stuff around the house, like tossing pennies into a jar, even. Realize that what your children need most of all is your time, not your stuff, and you’ll find money in your pocket and joy in your heart.
- Clean out your closet. Go through your closets and try to get rid of some of the stuff in there. You can have a yard sale with it, take it to a consignment shop, or even donate it for the tax deduction – all of which turn old stuff you don’t wish to use any more into money in your pocket. Not only that, it’s often a psychological load off your mind to clean out your closets.
- Buy video games that have a lot of replay value – and don’t acquire new ones until you have mastered what you have. Good targets include puzzle games and long, involved quest games – they maximize the value of your gaming dollar.
- Drink more water. Not only does drinking plenty of water have great health benefits, water drinking has financial benefits, too. Drink a big glass of water before each meal, and not only will you digest it better, you won’t eat as much, saving on the ol’ food bill. You’ll also find yourself feeling a bit better as you begin to get adequately hydrated
- Cut back on the convenience foods – fast foods, microwave meals, and so on. Instead of eating fast food or just nuking some prepackaged food when you get home, try making some simple and healthy replacements that you can take with you. An hour’s worth of preparation one weekend can give you a ton of cheap and handy meals that will end up saving you a lot of cash and not eat into your time when you’re busy.
- Give up expensive habits, like cigarettes, alcohol, and drugs. Those habits cause money to flow away from you with nothing in return. Call up your fortitude and work hard to kick the habits and you’ll find that money staying in your pocket instead of burning up and floating away.
- Be diligent about turning off lights before you leave. If you spend one minute turning off lights before a two hour trip, that’s the equivalent of earning $50 an hour. That’s some impressive savings, particularly if you do it before longer trips. The key is to use less energy, particularly when you are not using the device.
- Buy appliances based on reliability, not what’s cheapest at the store. It’s worth the time to do a bit of research when you buy a new appliance. A reliable, energy efficient washer and dryer might cost you quite a bit now, but if it continually saves you energy and lasts for fifteen years, you’ll save significant money in the long run. When you need to buy an appliance, research it – start with back issues of Consumer Reports at the library. An hour’s worth of research can easily save you hundreds of dollars.
- Clean your car’s air filter. A clean air filter can improve your gas mileage by up to 7%, saving you more than $100 for every 10,000 miles you drive in an average vehicle. Plus, cleaning your air filter is easy to do in just a few minutes – just follow the instructions in your automobile’s manual and you’re good to go.
- Do a “maintenance run” on your appliances. Check them to make sure there isn’t any dust clogging them and that they’re fairly clean. Look behind the appliances, and use your vacuum to gently clear away dust. Check all of the vents, especially on refrigerators, dryers, and heating and cooling units. The less dust you have blocking the mechanics of these devices, the more efficiently they’ll run and the longer they’ll last
- Cancel unused club memberships. Are you paying dues at a club that you never use? Like, for instance, a gym membership or a country club membership? Cancel these club memberships, even if you think you might use them again someday – you can always renew the membership at a later date if it turns out that you actually do miss it.
- Do holiday shopping right after the holidays. Most people use this technique for Christmas, but it works for every holiday. Wait until about two days after a holiday, then go out shopping for items you need that are themed for that day. Get a Mother’s Day card for next year the day after Mother’s Day. Get Easter egg decorating kits the day after Easter. Get wrapping paper and cards and such the day after Christmas. The discounts are tremendous, and you can just put this stuff in the closet until next year, saving you a bundle.
- Don’t go to stores or shopping centers for entertainment. Doing so is just an encouragement to spend money you don’t really have on stuff you don’t really need. Instead, find other places to entertain yourself – the park, the basketball court, a museum, a friend’s house, or even in your own home. Don’t substitute shopping for entertainment and you’ll be way better off.
- Get rid of unread magazine subscriptions. Do you have a pile of unread magazines sitting around your house? Likely, it’s the result of a subscription that you’re not reading. Not only should you not renew that magazine, you should give their subscription department a call and try to cancel for a refund – sometimes, they’ll give you the prorated amount back. I’ve had to cull my subscriptions in the past, but I’ve never regretted it.
- Eat breakfast. Eating a healthy breakfast fills you up with energy for the day and also decreases your desire to eat a big lunch in the middle of the day. Not only that, breakfast can be very healthy, quick, and inexpensive. A bowl of oatmeal in the morning is often the one thing that keeps me from running out to eat an expensive lunch later in the day – and it keeps me peppy and full of energy for the entire morning instead of in a coffee-laced daze.
- Learn how to dress minimally. Buy clothes that mix and match well and you will not need nearly as many clothes. If you have five pants, seven shirts, and seven ties that all go together, you have almost an endless wardrobe right there just by mixing and matching.
- Take public transportation. If the city’s transit system is available near you, take it to work instead of driving your car. It’s far cheaper and you do not have to worry about parking your vehicle.
- Carpool. Is there anyone that lives near you who works at the same place (or near the same place) that you do? Why not ride together, alternating drivers each day? You can halve the wear and tear and gas costs for your car – and for your acquaintance as well.
Never give up. Whenever the struggle against debt feels like it’s too much, go read a personal finance blog and remember that there are a lot of people out there fighting the same fight. Read around through the archives and learn some new things – and perhaps get inspired to keep going, no matter what.
Obviously, not all of these tips will apply to everyone. Just go through the above list and find some of them that do apply to you and use them in your life.Hope these tips will seriously help you to overcome yourself saving some serious scratch.