There is no better time to save money than NOW! There are tons of ways to get some cash back into your pocket — you can even start at home. Here are some great money-saving tips you must try!
Plan a weekly menu and eat at home
Dining out is so expensive! By eating at home you save a heap of money and there can be lots of leftovers too! You can put it in the fridge and then pack it the next day. This means you won’t have to buy a meal at work or school. Also, cooking at home can improve your culinary skills and impress your family.
It won’t take too much of your time to do a grocery list. As you plan your meals for the week, you should take advantage of supermarket flyers. Supermarkets put their products on discount from 10% to 50%. Take note which on your grocery list are included to make the most of the discounts.
Create a shopping list and stick to it
One of the best ways to save money is to shop with a list and stick to it. Creating one before you go to the store is a stress reliever — you don’t worry about forgetting something or have to plan your week as you shop. Without a list, you might end up spending more because of impulse buys, unplanned purchases, or higher prices.
Case in point: If you forgot to buy something, you have to pick it up at the corner store later. Say you forget the cheese. You usually pay $5 for it in the supermarket — you ended up paying more because it costs $9 in the corner store. That’s $4 you could have saved.
Cook cheap recipes
If you want to know the costs of the meals you usually make, simply keep the receipts when you shop. Compare the costs when you buy cheaper ingredients or alternatives. This way, you can update your grocery list for your cheap and affordable recipes.
Notes: You can also be smart about using cooking oil. A great way to cut down oil is to use a spray rather than a bottle. You’ll go through your oil more slowly and save some bucks.
Host a potluck
In a lifetime, you’ll spend so much on lunch dates, birthdays, and dinner parties — and it still depends on how many relatives and friends you have.
Instead of meeting family and friends over a fancy meal at a restaurant, why not host a potluck and have them bring their favourite dish? It usually turns out to be a more intimate meal together. Everyone can enjoy specialty recipes and you save money you would have spent on expensive cocktails and parking.
Get creative with gifts instead of buying from the store
Find creative ways to express your love to family and friends with lower-cost or handmade gifts. Sometimes an expensive item is no match to a handwritten letter that’s more intimate and personal. The receiver will appreciate the gift because of the thought behind it, more than anything.
You can make spectacular gifts such as freshly-baked bread, cookies, candles, or soap. It involves your personal touch and quite often, they’re consumable and useful.
DIY beauty treatments
Going to spas to get massages, pedicures, etc., can really add up. Allow yourself a certain budget to spend on self-care so you won’t feel deprived. Search online to find at-home beauty treatments to do yourself. Often, you will find organic DIY options using common household or kitchen products on Pinterest and other apps.
Wait 48 hours before buying online
You may need to find a buffer for your impulse purchases since we are in the age of online shopping. Try this! Wait 48 hours before you buy anything online. This will give you enough time to think through if the purchase is necessary. Most of the time, you will find that the item was more of a “want” than a “need.”Great Tips To Save Money At Home Click To Tweet
Turn off the lights and television
If you are not using a light, turn it off. It seems keeping the lights on at home may not be that expensive at first glance, but it surely cost more over time. Turn off lights whenever you leave your house, or even a room, to save as much as you can. Make the most of natural sunlight to help keep your electric bill down.
Another way to save money is to cut down on the amount of television you watch. The financial benefits to this include: a lower electric bill, less exposure to spend-inducing ads, and more time to focus on substantive things — such as a small business, maybe.
If you want to take things a step further, you can also cut out your cable subscription. With services like Amazon Prime, Hulu, and Netflix, you can watch your favourite TV shows and movies for a lesser cost. You can save money for other financial goals, such as saving for a down payment on a home, traveling, or paying off debt.
Pay off a loan early
When you take on a loan, you agree to a certain repayment term length. Paying off your loan early before the agreed term is usually allowed. Many lenders will let you do early repayment with no penalties, although some may charge you for it.
If your lender doesn’t charge prepayment penalties, pay off your loan early. You could budget to make lump sum payments and save hundreds of dollars in interest charges — depending on how early you repay your loan.
With Pretty Penny Loans, the loan application process and repayments are quick and easy! PPL can get the funds to you on the same day and repayment is set up in step with your pay cycle.
May it be beneficiary loans, or loans for unemployment, you can apply for a loan online at any time, from anywhere in New Zealand — and get $1000 within minutes. PPL makes sure you understand the terms you agree with so you won’t get confused, especially on repayments.
Map out your financial goals and keep your eye on the prize
Be very specific with your financial goals. Wanting to save for a home down payment may not be enough. Mapping out how much you need and by when gives you a clear idea and helps to reach the goal. Knowing your target for certain, you’re more likely to stay on track and continue saving for the long term.
It takes discipline and determination to stay focused on your goals. To avoid veering off course, always think about your initial motivation. Check in with your goals regularly and keep your eye on the prize.