“best way to save money is to experiment with new ideas…”
Recently I travel with my dad to the big city, with an empty tank. We are always on a tight schedule and always pushed for time. My dad is a big fan on being conservative in life, and with that comes his conservative mentality of saving money.
Let’s keep this one simple and clean – just a bunch of relatively easy ways to save money. As you incorporate more and more of these tips into your life, the savings add up and it wouldn’t surprise me if you could save thousands over the course of a year.
- Cook at home often: If both the husband and wife work, this is likely to be very difficult. Start out with the habit of cooking at home once a week and slowly increase the frequency until you find a balance between saving money and getting stressed out.
- Regulate your electric use: When not in use, unplug electric appliances. Apparently, unplugging the TV instead of just switching it off can save a lot of electricity! When not in a room, switch off the lights and the fan. Use a programmable thermostat to control your A/C and heater usage. If that’s too much, at least know what each appliance uses and unplug a few of them.
- Make a list before going shopping: They call it impulse buying for a reason. Humans simply have a very tough time resisting the temptation to purchase extras while shopping. Without a list you will buy items that you simply do not need. Even worse is when your forget to purchase the actual item you came to the store for in the first place. If you plan on cooking at home, pre-plan a rough menu and make a list before you go grocery shopping. Getting all that you need in one trip can help avoid another unnecessary trip and temptation.
- Buy generic products whenever possible: Does it really matter whether your cereal is made by Kellogg’s or is the store brand? Does it matter if your milk is the No. 1 Brand in the world or the store brand? For a few things (like soft drink in particular), I prefer brand name products. For others, I do not mind generic store brands if they can save me money. Find what works for you and switch to generic brands for at least a part of your grocery list.
- Be money smart: The last rule is a simple method that can work for anyone. If educated well, anyone can save more than $1000 a month. Learn to compare prices of products and the quality of that particular product. I save money by researching information on prices. DON’T spend money on things that won’t be used after a year.
The best way to save money is to experiment with new ideas based around these points. The only way you can save money is for you to take action today!
- Saving Pennies or Dollars? Unplugging the Microwave (thesimpledollar.com)
- Did You Know? 3 Tips to Help You Save Money (mycricket.com)
- 30 Easy Ways to Save Money (and No, you are not doing them all!) (businessinsider.com)
- Best Money Tips: Ways to Save Money on Halloween (wisebread.com)