Money Saving Tips Everyone Can Use Part 3

by Justin Weinger on April 4, 2013

Welcome back for part three of our money-saving tips blog series. We hope you have enjoyed both Part 1 and Part 2 so far and possibly have taken away a number of tips that you can use in your everyday financial life. With that in mind, and with many more tips to share with you, let’s jump right in and get started. Enjoy.

1)       Try your best to make things at home. That includes baking your own bread, making your own furniture and possibly even creating your own gifts for family and friends. This can save you an awful lot of money in the long run.

2)       If you need to de-stress don’t do it by drinking alcohol at your local bar but by going home and stretching. Taking some quiet time at home just to stretch and meditate is a much better way to de-stress then to go to your local bar and spend all your money on high-priced drinks.

3)       Keep in mind that insurance is not an investment. You should switch to Sturm insurance and use the difference in cost to start paying down your debt and building up your wealth. The simple fact is that universal and whole policies can be a lot more expensive. It would be a much better investment to get yourself out from under debt.

4)       The next time you buy a new car go for a fuel efficient and reliable model instead of a gas guzzler that might come with some great initial savings but will cost you a lot more money in gas and repairs down the road.

5)       If you’re looking for entertainment don’t go to the local mall or shopping center to find it. This will only open you to temptation and a higher chance of spending money on something that you don’t need or can’t afford. Better to go to the park, a museum, a friend’s house or even your own backyard.

6)       When you’re in the grocery store shopping use the 10 second rule. This means that when you pick up an item stopped to think about if you really need it and, if you decide within 10 seconds that you don’t, put it back down and move on. This will save you a lot of money wasted on impulse buys.

7)       If you have a room or two in your home that you are not using consider renting them out to make money. This is a very good way to make some extra money but just make sure that you interview the person you will rent to and laid down the rules before getting started.

8)       This might be a little tough but if you can create a visual reminder of your debt and hang it on the wall in the kitchen or in the laundry room it will remind you every day to diligently spend less and save more.

9)       If you have any magazine subscriptions or subscriptions to any service that you don’t use make sure to cancel them. The fact is many of the magazines that you love to read are available online, on your tablet or even in the library for free.

10)    Make sure that you eat breakfast. First, eating a healthy breakfast fills you up with energy and prepares you for the day ahead. Besides that it will cut down on your hunger so that you eat less and lunch. Also, most breakfast foods are relatively inexpensive if you prepare them at home and are much healthier than anything you can find in any  fast food restaurant.

11)    If you are close with your neighbors and you have children of about the same age you may consider swapping babysitting duties with them so that you and your spouse can get out and enjoy yourself and save money on babysitting at the same time. Also, by leaving the children with your neighbors, you are sure that they are in the capable hands of adults and are safe.

How about that! 11 more excellent money-saving tips that you can start to use right now. Some of these tips may well save you quite a bit of money over the next year. We hope that you have found a few that you can use and we invite you to come back soon because we’re going to have a lot more. See you then.

 

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