Starving yourself isn’t a good way to save money. You can actually save tons of money by simply making the right decisions in your life. There are so many money-saving opportunities that can be hidden, if you just take a closer look.
To help you save money, here are ten money-saving tips that are easy to follow and that won’t force you to starve yourself to save a few bucks.
1. Use coupons (the right way)
Today, coupons are available for almost everything, and you can save big on your favorite items. Websites like RetailMeNot or even a simple Google search can easily get you a coupon for your favorite store, service, or an item. Usually, you can save up to 50% on things using a coupon code.
However, a good rule of thumb is to always look for the coupon code when you are ready to buy the item. If you receive a coupon code and then decide that you should get the item, then you are actually spending more instead of less. Retailers give coupons to make you make impulsive decisions; you just need to outsmart them.
Also, even if you have a coupon code, do google around first and see if you can find another coupon code with more savings. There are always a number of coupon codes for the same product, each with a different savings amount. Make sure you are using the one that saves you the most money.
2. Unsubscribe from promotional emails
Promotional emails are another contributor of forcing customers to make impulsive decisions and buy things they usually wouldn’t buy. You should unsubscribe from such emails to ensure you don’t spend money on things you don’t need. Unroll.Me is a great service that will let you sort and unsubscribe from promotional emails in bulk.
Of course, if you are looking for a discount on a specific item/service, you can continue to subscribe to that specific promotional email.
3. Learn the skill of secondhand buying
Buying used things can cut the cost up to 50% or more, and with a little effort, you can get almost-new stuff for half the price. You can check local craigslist and other similar websites to see if there is a listing of the particular item you want to buy. From DVDs to cars, everything can be bought secondhand and usually in great condition.
4. Rent party clothes
Many of my wife’s expensive party clothes had to be sold for half the price, as she only wore them once or twice. Trust me, it is a very unsatisfying experience. You don’t have to make the same mistake. Instead, try renting expensive clothes for a fraction of the original price.
Party clothes are usually available for rent at just $30-$80. You can check out websites like Rent the Runway and Ms. Collection to see if you can find something interesting. Usually, these services handle the delivery, maintenance, and the pickup.
5. Wait for sales
Whether it’s clothing or electronics, sales come and go often, and you should keep your eyes peeled. If there is a specific item you are looking to buy, then it’s worthwhile to wait a bit and see if it gets listed as being on sale. You can wait for holiday sales or clearance sales. Better yet, just ask a store agent if there will be any upcoming sale, and they will surely be able to provide a date estimate.
Just a few days ago I bought a baby chair at 50% off after waiting two weeks for it to go on sale on Black Friday.
6. Aboard the DIY train
The Web is flooded with do-it-yourself ideas to make pretty much anything in your home. You can create beauty products, smartphone stands, cleaning products, cloth racks, kitchen accessories, storage spaces, decorations and much more. Simply do a search on Google for what you want to make, and there should be a DIY tutorial. There are even DIY apps to easily find amazing DIY projects.
Usually, such projects only cost a fraction of the product price and it’s really fun to make things as well. Here are some interesting DIY projects to get you started.
7. Use a money-management app
Money management is the key to money-saving, and thankfully there are many cool smartphone apps that can make this task a breeze. Mint is my favorite money management app for Android and iOS that lets you handle all your accounts and expenses in one place.
It can track your bank accounts, credit cards, investments, bills and other expenses in one place and help you make the right decisions. It also helps you to create a budget, and I really love their money-saving and budget tips that are personalized to your needs.
8. Go solar
It can be a bit expensive to have a fully solar-powered home system, but you can still take advantage of individual solar products or put electronics like a refrigerator on free solar power. With an investment of $1500-1800, you can get enough solar panels to get 1200-1500 watts of power, which should be enough to handle multiple electronics. Solar power is also clean and environment-friendly.
9. Do online shopping wisely
Online shopping is a great convenience, but in order to save money you need to make sure you get the best deal online. There are hundreds of stores that sell the same item at different prices, so it can be a little hard to get the best bang for the buck. Thankfully there are many shopping apps and tools available to get the best prices on the item you need. I personally use the Avast SafePrice chrome extension for price comparison and finding the cheapest deal.
Furthermore, there are many apps to find great deals on your favorite products. Slickdeals is a good website for finding cheap and even free deals. Take advantage of such tools to ensure you get the best price for your favorite products.
10. Use your electronics in power-saving mode
Refrigerator, fan, PC, smartphone, air conditioner, heating unit and many other electronics in your house have a power-saving or low power mode where they can conveniently do their job without sacrificing too much.
Try using your electronics in power-saving mode or at a lower power (if possible) to cut the cost of electricity. For example, a Windows PC in saving mode can cut anywhere between 50-80 watts from regular use.
Additionally, you should also go for electronics that have an energy star rating. Electronics with energy star ratings use less power and help you save on the bill.
I personally follow many of these tips, and they do help save big without sacrificing too much. Understanding your income and expenses is probably the best way to save money. However, understanding the need for an item and buying at the right price also helps save money. Do let us know in the comments if you know other interesting ways to save money.