Everyone loves the idea of saving money.
Unfortunately, while most of us start with good intentions, forcing yourself to think frugally whenever the time comes to spend money can be easier said than done. With cash in your bank account and so many things that you need to buy, it can be easy to go over-the-top when it comes to splashing the cash.
The good news? There are some simple ways to hack your spending and saving strategies so that you can be more frugal every day.
Today, we’re going to discuss some of the best money-saving solutions for people who need help making the most of their cash.
1. Stick to the Store Brand
We’ve all been seduced by fancy packaging and great marketing schemes from time to time. However, if you’re still buying branded versions of products, then you could be spending an unnecessary amount of extra cash on a product that you can get much cheaper elsewhere.
It’s very rare for a store-brand version of a product to be hugely different from it’s more-expensive counterpart. Try checking out the ingredients on the back of a few basic items like bread, milk, or butter, and you’ll find that they’re often exactly the same. The only difference is that one has a better label.
2. Make your own cleaning supplies
Cleaning is one of those tasks that most of us would rather avoid. However, it’s also something that we need to commit to if we want to keep our home looking incredible. The good news is that at least you don’t need to spend a fortune on your cleaning products. With the help of a few YouTube videos or essential guides online, you can create a cleaning solution for virtually anything.
One of the easiest cleaning solutions for most all-purpose jobs includes filling a bottle with equal parts water and white vinegar, then adding a couple of citrus peels to the mix. The result is a quick and simple spray that you can use to get rid of stains without any dangerous chemicals.
3. Remove your payment details from eCommerce Sites
Have you noticed how easy it is to buy things these days? If you decide that you need something from Amazon, all you need to do is click a single button, and you’ll be able to buy that item in seconds. The fact that it’s so easy to buy things online today is a serious problem for a lot of impulse spenders. With that in mind, it’s a good idea to remove your payment details from any site you like to buy from, so you have to work a little harder to make a purchase.
While you’re at it, delete the cookies on your web browser as frequently as you can too. This will cause eCommerce sites to treat you like a brand-new visitor, which could mean that you end up getting much better deals.
4. Automate Your Savings
There’s a good chance that parts of your budget are already automated. For instance, you’re probably paying off your loan a little bit every month with an automated direct debit that goes straight to your loan provider. You might also pay your mortgage, rent, and utility bills every month. However, what about your savings? What are you doing to make sure that you place at least some of your earnings into your accounts for the future?
Just like you have automated payments for companies, you can implement automated payments into a savings account too. Just open a separate savings account and ask your bank to transfer a small number of your earnings into that account each month.
5. Be More Self-Sufficient
We all need extra help at times, but some of us head to Google in search of support from a professional much faster than we actually need to. Rather than calling a professional every time you have an issue with your washing machine, or find that your toilet won’t flush, see whether you can fix the problem on your own first.
One of the best things about the digital world is that you can easily find guides for doing just about anything on Google or YouTube. Just make sure that you feel confident about following the instructions you find before you get started.
6. Sell What you Don’t Use
Finally, every 6 months or so, go around your home and clean out any closets, cupboards, or storage containers that you haven’t checked in a while. Throw out any items that you don’t need or want and look for things that you can sell online for a little extra cash.
Many of us make the mistake of holding onto things for no reason. Old clothes and toys that your kids no longer use can sit in the attic for years. Why not use them to make some extra money instead?