There is no better time to save money than now! There are tons of ways to get some cash back into your pocket, and you can even start at home. Here are some great money-saving tips you must try!
Create a shopping list before you go to the store to avoid stress. You don’t worry about forgetting anything or have to plan your week as you shop. And also, you have to stick to your list.
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, but you end up paying more because it costs $9 in the corner store. That’s $4 you could have saved.
Without a shopping list, you could end up spending more because of unplanned purchases, impulse buys, or higher prices.
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. Just put it in the fridge, heat it up the next day. Cooking at home can also improve your culinary skills and impress your family.
It also 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.
Cook cheap recipes for money-saving
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.
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.
Instead of buying, get creative with gifts for money-saving
Express your love to family and friends with lower-cost or handmade gifts. Sometimes an expensive item is no match to a handwritten letter, which is more intimate and personal. Whoever receives it 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 DIY organic options using common household or kitchen products on Pinterest and other apps.
Wait 2 days before buying online
You may need to find a buffer for your impulse purchases since we are in the age of online shopping. Wait for 2 days before you buy anything online. This will allow you enough time to think through if the purchase is necessary. Mostly, you’ll find that the item was more of a “want” than a “need.”
Turn off the lights and television for money-saving
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 costs 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 substantial things like a small business, perhaps.
If you want to take things 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.
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 and check in with your goals regularly.
If you liked our “Money-Saving Tips For The Home” and took away some valuable information, check this space constantly for more tips to get out of debt and updates on the best budgeting apps in Australia.