Simple, But Effective: 7 Money-Saving Tips You Can Employ Today

Have trouble stashing your cash away for a rainy day? It’s tough to save when you already stick to a well-planned budget. Even, the most frugal find themselves coming up short when unexpected expenses strike. With that in mind, we’ve curated seven creative ways to save more money. Have you ever thought of trying any of these?

  1. Become a minimalist.

When we feel attached to our belongings, selling them off feels like a sacrifice. But what if you felt like you were unburdening yourself instead? Start listing any clothes, furniture, appliances, and devices you don’t truly need for sale. As they’re sold off, stash that money and enjoy your simpler, pared down life.

  1. Look into medical tourism.

From surgeries to dental procedures, medical expenses are a top reason we go into debt. Instead, spend money on cheap airfare to a country where these procedures are performed for a tiny fraction of the price at home. Just do your research beforehand to make sure you’re visiting a licensed professional who employs safe practices.

  1. Have a money-saving contest.

Are you the competitive type? Then make saving a sport by getting a savings account, and challenging your friends and family to a save-off. Decide what the prize will be, and see who can save the most money in three months. No matter who gets the grand prize, everyone comes out a winner.

  1. Make your own cleaning and personal care products.

Dish liquid, shampoo, detergent, body wash – it all gets to be a little much on a monthly basis. Make a one-time investment in a few cheap staples like vinegar, baking soda, coconut oil, and castile soap. Then, start researching DIY recipes for your own household cleansers and potions.

  1. Skip decorations.

Need to take out a personal loan to buy holiday and birthday gifts? Lighten your celebratory load by skipping decorations on these occasions. You might not have noticed, but it’s these little things that end up taking us over budget. If you have children, you can let them make homemade decorations with found objects and supplies already on hand. 

  1. Shop quickly.

Do you enjoy strolling the aisles? Stop that today, and set strict time limits for how long you spend in a store. For grocery shopping, make a list and give yourself no more than 15 minutes to locate everything before hitting the checkout.

  1. Only use cash.

This classic tip is unfortunately underutilized. Put debit and credit cards away and go cash only when you’re out and about. This way, you can see and feel exactly how much money you have, and will be likely to spend less. Also, don’t shy away from picking up any coins you spot and using them to make purchases.

All told, there are a million ways to save money. You can stop paying for cable, cut down on subscription services, and switch to a vegetarian diet for fast savings. Buying secondhand clothing and electronics can save you thousands annually as well. In addition to these tips, try a few more creative ways to save, and you’ll enjoy debt-free days in no time.