Simple Ways to Save Money that Doesn’t Hurt

In these difficult times, saving money may be the only option for many in order to have something to grab on should difficult times go even bad.  However, for a lot of people, saving is simply difficult especially if they are living from paycheck to paycheck and removing 10% of their salary so it can be stored in their monthly savings, as mentioned in many money saving tips, simply hurts.  If you are one among the population who finds it difficult to save due to the cost of living on where you live, there are actually simple ways on how you can save money without really feeling the constraints.

1. Cook at Home – whether you are married or single, cooking at home frequently will allows you to save extra as compared to when dining out.  If you are looking for independence, then you should learn how to cook.  You cannot really say that you are not good in cooking because there is no bad cook in the world.  The only bad cooks are those who keep mixing ingredients that do not go well together.  However, if you follow simple traditional recipes, you won’t go really bad.  Search the internet, there are many instructional videos that can teach you how to cook certain recipes.

make your coffee2. Make Your Own Coffee – if you are used to getting coffee from Starbucks prior to going to work, or buying some from that store when you feel like having a coffee, then don’t.  Instead, try to make your own coffee at home.  These little savings can go a long way when you add them all up together.

3. Bring Packed Lunch to Work – while lunch may be a great opportunity to increase your connections with fellow employees, the staff, and even the higher ups, bringing some packed lunch a few times a week will not hurt.  The truth is there is nothing to be ashamed about brining your own packed lunch.  Those people who prefer dining out during lunch breaks will never really know how much savings you can get by simply bringing your own packed lunch to work.

4. List Down what You Need for Groceries – making a list of the things you need for groceries prevents you from buying what you still have on stock and allows you to buy only the things you need.  When you have a list, make sure to stick to it and only buy additional items that may be in promo and are the items that you regularly use at home.  Take note of their expiry date though as it may be the reason for their sale.

buy only what you need5. Buy Groceries with a Full Stomach –it often pays to eat first and make sure that you are full before hitting the groceries.  This is because when your stomach is full, you will not be tempted into buying many foods and snacks.  The reason behind this is simple, your brain is informing you that you do not need any food intake as of the moment because you are currently full.  This way, you ignore many of the foods you normally buy when doing the groceries.  While this technique may not be foolproof, it does however limit the amount of food/snacks you buy.

6. Buy in Bulk – often, when you buy items in wholesale, you also get to pay for them in wholesale prices.  This can equal to big savings for you especially when the items you buy in bulk are non-perishable items and have a long shelf life.

7. Keep Track of Expiration Dates – goods that are passed their expiration date are no longer ideal for consumption and the only destination their headed would be the bin which also means wasted money.  By keeping track of the expiration dates of perishable goods, you ensure that no grocery items are wasted.

8. Buy Generic When Possible – you don’t necessarily need to have the best items all the time.  Say for instance clothing, if you need a white shirt under your collared garment, you don’t necessarily need a signature branded shirt for that because you can settle for brands like Hanes or generic brands.  Additionally, when it comes to buying groceries like tissues, hot sauce, etc., many of the generic brands have the same quality as that of branded ones.  This is why it is sometimes good to buy generic.

past due9. Avoid Late Fees – by paying all your bills in time, you are able to avoid the late fees they charge on your bill. To make sure that you are able to pay all your bills on time, it pays to have a list of dates when your bills are due.  Stick this note on your refrigerator or on the wall where you keep reminders on.  By looking at this every now and then, you will be able to determine which bill is nearing its due date.  This is particularly helpful for credit card bills because late payment will not only have late fees, but your interest rate may also increase due to it, which is why it always pays to pay on time.

10. Keep Track of Your Bank Balance – by knowing how much money you still have deposited on your bank can help you in avoiding overdrafting from it.  Remember that if you overdraft, you will charged with an overdraft fee by your bank.  So if you have any accounts where your credit cards or payments are automatically debited from it, it pays to keep track on how much money you still have left in that account so you don’t get charged with an overdraft fee.

11. Avoid Impulse Buying – impulse buying is probably the reason why a lot of people are in deep debt.  This is because they buy things with their credit card they simply cannot pay for immediately – simply put, it is beyond their means.  It is important to only buy what you need and not what you want.

12. If You Frequently Rent DVD Movies, Try Subscribing to Netflix – if you are the type of person that loves watching rented movies at home, then you may get better savings if you subscribe to Netflix.  This is because Netflix allows a subscriber to watch as many videos they can for a monthly price.  This saves you a significant amount of money.  The usual problem with Netflix is geographic limitations.  However, there are legal ways on how you can gain access to Netflix no matter where you live.

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