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Are you looking for ways to start saving money? Does it seem like you do not have any extra money to save after paying bills? The truth is that there are so many ways to save money but you have to be willing to put in a little time. Little savings can add up over time if you are willing to make an effort to save. You will find out that when you save on little things, you can often find ways to save on the bigger things. Decide to try some of these or all of the saving tips today.
1. Create a budget. The best way to start saving money is to create a budget. A budget will help you keep tab of your income and expenses. Knowing how much you spend each month, will help you know how much is left after paying the bills. You will also be able to evaluate your spending habits. Budgets are helpful in achieving and reaching goals such as retiring early, paying of debt and just plain having more money in the bank.
2. Earn extra money. There are multiple ways to earn extra cash from home. You can either work for someone or preferably start your own business. There are skills that you have that can earn you money.
For example, you can use your computer skills and become a Virtual Assistant (VA).
Sell on Amazon, ebay, OfferUp, Poshmark, and the list goes on.
Offer your writing skills on Fiverr or be a Freelancer.
Start a blog.
There are so many ways to earn extra money but you have to find what works for you.
3. Stop using your credit cards if you are not going to pay them off at the end of each month.
4. If you pay off your credit card balance at the end of each month, earning cash back or balance rewards is worth it.
5. Cut your grocery bill by making a list before going to the store. You will also save extra by planning your meals around sales.
6. Use coupons when shopping but do not buy an item that is not on your list just because you have a coupon.
7. An easy way to save money is to use coupon apps like Ibotta and Checkout51. I have earned over $700 in just a little over a year using these apps.
8. Create a meal plan for the week. Meal preparation will help avoid or cut down on eating out.
9. Be sure to clean out your pantry by eating the food that you already purchased rather than stockpiling and ending up with expired products.
10. Buy in bulk if the price is reasonable. It is not always cheaper to buy in bulk, it may be cheaper buying smaller packages especially if there is a sale.
11. Before making a big purchase, ask yourself if you really need the item? Is it something that you can afford? Is this something that you can do without? You have to be sincere with yourself about decisions that you make.
12. Before you make a purchase, take the amount of the item and divide it by your hourly wage. If the item cost $100 and you make $10, it will take 10 hours to make enough money to pay for the item. Ask yourself if the item is worth 10 hours of work.
13. Try purchasing store brand products. Yes, I know not all store brands will work but you will never know which one is good if you do not try it.
14. Keep a record of your expenses so you will know exactly where your money is going.
15. Join Ebates if you do any online shopping. You will receive a $10 gift card after your first rebate. You will receive cash back on your purchases.
16. Save your change. In my family, we save our change for Christmas gifts at the end of the year. You will be amazed at how much change you can collect in a year.
17. Avoid ATM fees by all means. Use your bank’s ATM machine or do cash back at a store.
18. Join your local library and rent books and movies. Some libraries offer free access to online classes.
19. Plan your meals ahead of time with the $5 Meal Plan. This service offers weekly meal plan for just $5 a month, saving you time and money.
20. Stop paying for Gym membership. You can access tons of workout videos on the internet. You can also walk or run outdoors plus there is an added bonus to breathing fresh air.
21. Negotiate your cable bill once a year. Call once a year and tell them you plan to leave the company, in most cases you will be offered a better deal. You can also decide to cut off cable completely.
22. Negotiate with your cell phone carrier. We have been with the same cell phone carrier for 16 years and counting and have received as much as $200 plus credit from a simple phone call.
23. Negotiate with your insurance company. We switched auto insurance company and saved over $100 per month.
24. Stop buying bottled water. Drink tap water, it is free.
25. Turn off the lights. Turn of the light if you are not using it, when you leave a room or leave the house. Turning off lights will help reduce the electric bill over time.
26. Install a programmable thermostat if you want to cut down on the electric and gas bill. Regulating the temperature in your home while you are out will reduce the energy usage. Setting the temperature to cool or heat when you are in the home will reduce waste and save money.
27. Unplug non essential appliances. Keeping the microwave, blender, Playstation, computer, coffee maker, toaster, etc. plugged increases energy usage. Unplugging these appliances reduces the electric bill.
28. Install a low flow shower head to make your shower more efficient. This will help the environment and save you some money over time.
29. Maintain your vehicle by doing regular oil change, tire rotation, service transmission, etc. Performing recommended maintenance on your vehicle will lengthen the life of your car, prevent breakdowns, and save you money in the long run.
30. Save on fuel by checking on gas apps such as gasbuddy and waze. These gas apps show you the cheapest gas stations on your route. Joining a gas point rewards program is another way to save extra few cents per gallon.
If you have tips of your own to add to the list, please feel free to leave a comment below.