Save Money

in crypto •  3 years ago 

The Surprising Way to Save Money That You Probably Haven't Heard Of
davidar33 (28)in #money • 2 days ago
The Surprising Way to Save Money That You Probably Haven't Heard Of

Ever heard of Pay Yourself First? It’s a catchy saying, but what does it mean to save money by paying yourself first? And, more importantly, why should you consider doing this? Keep reading to find out the best way to save money and how you can apply the concept of paying yourself first to your daily life!

10 Ways to Save Money
Just like there are numerous ways of making money, there are also a number of approaches for saving it. Here are ten strategies that can help you do just that. Whether you’re looking to buy your first home or get out of debt and reduce your bills, these tips may help you reach your savings goals quicker than you thought possible.

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Get a gym membership
One of the easiest ways to save money is by joining a gym. Working out at a gym gives you access to fitness classes, personal trainers, and other professional amenities. Even if your goal isn’t weight loss, just getting in shape will make you feel better about yourself and reduce stress levels. This alone can be a big money saver.

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Use COUPONS!
People will argue with you about coupons. But here’s one thing that everyone will agree on: coupons can help you save money. If you’re still not convinced, keep in mind that many people find huge success with couponing—to such an extent that they quit their jobs and make six figures off of what they once considered a hobby. If that’s too extreme for your tastes, then don’t worry—there are plenty of ways to use coupons without going all-in.

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Cut your own hair
Most people spend between $7 and $15 per month on haircuts—and that's just for one person! Just think of all that money you could save by cutting your own hair. The only real downside is that you'll need to invest in some hair clippers, which can be pricey (although they do last a long time if you take care of them). But every penny counts, right? :)

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Sign up for rewards programs
Rewards programs offer a great way to rack up savings on groceries, gas, clothes and more. Even if you're just earning 1% back on your purchases, it all adds up—and even small rewards can be motivating when saving money is your goal. If you already use credit cards with reward programs that you like, now is a good time to think about what else you'd like those points or miles to get you: $50 in extra cash? A few hours off work so you can recharge?

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Buy generic products when possible
Buying generic products can save you a significant amount of money, as many brands simply repackage store-brand products. Many people don’t realize that if they buy (for example) their toilet paper at Costco instead of Walmart, they could be paying up to 75% less for their TP—because it’s typically made by a single company! By choosing store-brand versions of popular items whenever possible, you can save hundreds of dollars per year.

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Review your bills every 3 months
This is one of those self-evident tips that few people really take seriously. If you’re consistently paying your bills late, or at all, then it’s easy to see why you wouldn’t want to review them as often. But even if you have never missed a payment on anything in your life, it still might be worth checking over your monthly statements and bank statements once every three months or so.

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Make your own coffee at home and take it with you
If you like coffee but hate paying through your nose for it, consider investing in a French press. Not only will it save you money, but it will also allow you to make iced coffee or cold brew whenever you want. Additionally, most filters won’t block 100 percent of nasty chemicals, while a French press is completely inert—so if flavor and health are important factors for you (and they should be), a French press is your best bet.

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Don’t pay full price on anything ever!
At first, it might seem silly that you should ever wait for something to go on sale when you could just buy it right away. While waiting for a price drop might seem counterintuitive, it can actually save you big bucks over time. Think about it—paying full price means giving money to a business before they’ve given anything in return. If you’re able to buy things at a discount, however, those savings are instantly turned into your profit (at least in theory).

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Take public transportation (carpooling, public transit, Uber Pool, Zipcar, Lyft Line etc.) whenever possible.
By opting for public transportation instead of driving, you’ll not only cut your commute time down but save money on gas and parking. Plus, you’ll be less likely to eat out when your commute is short and stress-free.

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Keep track of all your spending on an app like Mint or Personal Capital so you can see where all your money is going.
Track all your spending on a personal finance app like Mint or Personal Capital, so you can see where all your money is going. This will help you spot places where you're spending more than you need to and cut back for a healthier budget. Or, take your saving one step further and sign up for an automated savings account that takes money from your checking account and puts it into a savings account every month.

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