Saving-money can be useful. Because if you face a crisis. This stack of money will come to help. Then I have always been a born saver. Since I was a child, they have taught me methods to learn to save, and I continue practicing them.
Spending less and saving-money is not being stingy; it is smart if you have saved the money necessary to spend it on valuable things and experiences.
In this post, I will teach you saving-money at home, in your company, and in your general life with the best tips, tricks, techniques, and tips that I have been learning.
You can see results in one day, even more in a month, and excellent results in a year.
If you apply a step-by-step strategy, if you practice an excellent personal savings money plan from today, you can quickly save your saving- money.
They will serve you whether you are a student, father, mother, company director, child, or a retired person.
I will also show you easy ways to save from home and for all those expenses that you have and that you can probably avoid. These are ways to stop spending that are easy to apply after you finish reading this article. With this plan you can save on:
- Electricity and energy in general (heating, household appliances).
- In the car/auto.
- Much more
Why is saving-money essential?
Why is saving-money essential? What is it for? Some say the saving money is there to spend, and it is true, although it is worth spending on valuable things or experiences. The problem with spending money on unnecessary things is that when you need it for essential items, you may not have enough.
However, using methods to save has allowed me to do other less common things, most importantly traveling.
At the age of 15, I spent 200 euros that I had saved to go to Germany, later the same, to go to Italy, then to other countries.
On the other hand, I never deprive myself of paying for gym, snowboard, gas, or dancing classes. It has also allowed me to buy quite expensive workshops or courses for my training. And something that can make a difference; lend my family enough saving money so they don’t have to buy on credit and the bank takes their saving money.
Those are just some of the advantages of not spending money on unnecessary things. If you are smart, you will resist spending and save the money to spend on what will make you happy, on things that are usually expensive but worthwhile.
It is also recommended that you have a “mattress” in case something that you did not expect happens and that makes you spend a significant amount, such as illness, accident, damage to your home, car …
Expenses that you can save and don’t
If you are not used to saving money, at first, it will be difficult for you to give up those little “luxuries.”
But if you realize that glass of 5 euros on a Saturday will not give you happiness, nor the latest smartphone model, nor a new car. What gives happiness are experiences; traveling, playing sports, dancing, meeting
- What does not make you happy: buy a smartphone of the latest model, buy a more massive television than the previous one, buy clothes if you already have a lot.
- What makes you happy: traveling, playing sports, singing, dancing, reading, going to the movies, playing games, talking to your friends, going out.
Join those who are tired of giving saving money away and spend it only on what makes you happy.
To do it quickly, you will have to eliminate those expenses that are not regular, that is not necessary, and with which you can live entirely and be happy.
Expenses that can be eliminated:
- Vitamins, nutritional supplements not necessary for your health.
- Products for nails, hair, or makeup.
- Gasoline if you can walk or bike to places.
Expenses that you cannot eliminate (but in which by changing habits you can save):
- Non-fundamental hygiene products (jelly, perfumes, makeup …).
- Entertainment: going out, gym, courses …
- House bills, car …
I will also teach you some techniques that, although once known, were “logical,” most people do not practice.
Tips, techniques, and tips to save money
Don’t use the card
Merely using the card makes it much easier to spend.
If you carry cash, you will feel that you lose something, you will have it in your hand, and it will cost you more.
Put the money you spend in a month in an envelope.
Saving-money is a habit that gives excellent results. If you know what you have spent the previous months, you can make a rough calculation of what you will spend the next.
Put that amount of money in an envelope and take it out as you need it. Do not use a card.
Along with the previous one, it is a technique that is usually used for people who have impulsive problems when buying, and that works very well.
Save the same as you spend
This trick is handy; It will help you not to spend, and if you do, you will save.
It consists of saving money the same as you have spent on things that are not essential (clothing, technology). For example: if you spend 10 euros/dollars on a DVD movie, you save the same amount.
Study the possibility of changing banks
Some banks give better interest and also that do not charge you fees to keep the account open or by credit card.
Do not be in the same bank because you have been years and have confidence in them. Find out, seek opinions, and if you find a quality bank with better conditions, change yourself.
I am not going to mention names, but currently, some banks do not charge fees for having your account or for using cards. They also give more money for interest. This can mean several hundred euros of savings each year.
By the way, be much more careful about the conditions you sign. Although the customer service people are friendly, the bank is not your friend. They see you as a customer, and they want to earn money through you.
Write down what you spend.
This habit is essential.
If you write on a sheet that you hang in the fridge (or in a place where you see it daily) what you spend every day, you will be aware of the unnecessary money you spend.
It is effortless to go out and have a beer, then go and take a T-shirt, then the gasoline. In the end, you do not know what you have spent, but if you write it down, you will prevent making the same mistakes again.
Use automatic saving money
If you can afford it, you can opt for automatic savings money. It is merely a matter of taking money after receiving your salary and setting it aside in a savings account. This way, you will avoid the temptation to spend it, and you won’t even have to think about saving money.
There are many ways in which you can save automatically. Some banks offer you automatic discount options for a certain amount of money in your account, which goes to a personal savings fund.
This is a good option, especially if you feel like you have to save voluntarily. Of course, be sure to check the conditions of these options very well, since sometimes they may involve certain additional expenses.
Don’t buy unnecessary stuff.
There’s a phrase from Warren Buffet that goes something like this: If you didn’t need it before you saw it, you don’t need it.
If you leave your house without the will to buy, you happen to pass by a store and this idea “I need it” comes to your mind, it is probably a whim.
How many clothes and things do you have in your house that you don’t use?
Avoid impulsiveness when buying.
This tip is related to the previous one: how many times have you bought things impulsively and didn’t need them?
Impulsive shopping is very dangerous. Buying impulsively can lead you to lose a lot of money and regret not having analyzed things a little more.
The more expensive you are going to buy, the more time you will have to spend analyzing if you need it in addition to more time evaluating options that have a better quality-price ratio.
Whenever you go to buy something, check how you feel: if you have eaten well if you are anxious about something in particular, if you have concerns or if you are in a state of euphoria. All of this will influence your purchase decision.
Before purchasing a product, take time to reflect on your real motivations and always be sure of how much money you have and how much you can spend. This information will allow you to make a smarter purchase.
Learn the 15-day rule
It’s about waiting 15 days before buying something you “consider necessary.”
Many purchases are on impulse; You see the service or product, the thought of “I need it” comes to mind, and you go and buy it.
Try to be aware of that process, ask yourself if you need it or if you can wait and wait 15 days.
Get used to comparing.
Never buy something expensive without comparing prices. The differences between one establishment and another can be surprising and will save you a lot.
You don’t have to move from one store to another. Today with the Internet, you can compare hundreds of shops in no time. If you have to go to the same store, I also advise you to do so.
Buy in different supermarkets and write down your expenses.
An excellent technique is to go to three different supermarkets every year, buy what you usually buy, and calculate the expenses. That is, week one, you go to supermarket 1, take your usual purchase and calculate the expenses—the same with super 2 and 3. In week three, you will be able to check which one you spent less on.
Typically it is usually 10-20 euros (or in the currency of your country), but if you are going to buy weekly, the difference can be 40 euros a month, that is 480 euros or more a year.
Calculate the hours of work you need to buy something
This technique is used to save, increase your productivity, and value your time more.
It is that every time you buy something, calculate how long it has taken you to buy it.
Example: if you charge 10 euros/dollars an hour and you have bought a television of 500 euros/dollars, it will have taken you 50 hours of work to buy it.
Sign up for rewards programs
There are stores, gas stations, or any other service that has applications with which you accumulate points, and these give you gifts or allow you to spend the points on whatever you want.
If, for example, you spend 10 euros of gasoline a day, each euro gives you one point and a refill of gasoline costs 100 points, you will be having three days of “free” gasoline per month.
Make your gifts
It is not something simple if you do not know how to make crafts, but it is an exciting option if you want to avoid buying expensive things, and you do not know if they will be used.
Also, I think that something made by oneself is much more original and shows more interest in the other person.
When you go to the supermarket make a list and eat before
In supermarkets, you buy many unhealthy products that also make you spend more.
If you go to the supermarket after eating, you will not have an appetite, and you will not put products such as chocolates or chips that are not essential for your diet in the car.
If you have made a list before, you will know what is necessary, and you will not buy the nonsense that you do not need, and that will make you fat.
Eat-in your house
Social life is significant, and it is recommended that you go out for sports, an event, a park, a walk, etc.
But if you want to save more, a perfect option is to eat at home and then go out.
If you go out without thinking about this, you may go hungry and then spend on ice cream, a hot dog, or any other whim.
Some sweets and desserts are delicious and very easy to prepare, and that when you eat them on the street, they are costly.
The Internet is full of places where you can find delicious and cheap recipes that will make you not want to buy sweets on the street.
Also, when you prepare your desserts, you can focus on using healthy ingredients, which will translate into physical well-being for you.
And if you are a person with very little free time, I assure you that you will also find straightforward, fast, and tasty preparations that will allow you to save money and enjoy a delicious snack.
Sell everything unnecessary
In reality, this is more like making money, but after all, it will make you improve your economic well-being.
Surely you have books, clothes or appliances in your house that you do not use. Find them and put them up for sale; you may not get much out. The benefit you get will depend on the number of things you sell and their value. You may even have something old that’s worth a lot.
Today there are many platforms to sell second-hand things online, both in Europe and Latin America.
Use the bicycle, public transport, or walk.
The cheapest, healthiest, and most environmentally friendly means of transport is the bicycle.
Also, it is much more comfortable than having to wait for traffic jams or having to wait for the bus that is sometimes so late.
If you have worked several kilometers away, you will have no choice but to use your car or public transport, but if you are nearby, think about buying a bike or walking.
In almost all cities, public transport lines usually cover a large part of the town, so you can go where you need to invest much less money than if you did it by car.
Give up expensive and unhealthy habits.
It is incredible how expensive tobacco and alcohol have become. In addition to being very expensive, they are unhealthy, and you pay taxes for them.
They are habits that only decrease your economic capacity and worsen your health. With the same tobacco, if you smoke a package every other day, it is 60 euros a month and 720 euros a year (if the packaging costs approximately 4 euros). It will be 120 euros a month and 1440 euros if you smoke a pack a day.
Also, consider this: your health is the most valuable, and tobacco or alcohol decreases it. On the other hand, taking care of your health can be very expensive in some instances, so these habits have a possible additional cost.
This advice would be applicable if you have weight problems or want to lose weight.
Sometimes people eat without hunger, and it is one of the causes of gaining weight. Today there are millions of obese people in the world, and the leading cause is a sedentary lifestyle.
Turn off lights and appliances.
Remember to turn off the appliances when you are not at home, and if you leave them plugged in, make sure they are not using electricity.
Leaving the “stand-by” lights on can incur an additional cost of 600 euros per year.
Install LED lights
They are more expensive to purchase (cost 4-10 euros), but over time you will pay off that amount to spare.
Buy products that produce the least cost
Mind you; quality does not mean it is expensive. Something can cost a lot of money and be wrong. Like something inexpensive, it can be of excellent quality.
Always research and compare. To see opinions, you have platforms like amazon or ciao, where you will know the experiences that other people have had with a product.
Don’t wait for things to break.
For example, if you keep your car in good condition, you will not have to do major repairs that cost you a fortune.
You better spend your money on an annual checkup and have a little repair done than wait for something to break, and you have to spend a lot.
Don’t buy to take away your stress.
I know perfectly well that feeling of “I’m going to buy this because I had a bad day …”
It is absurd, because not by buying something you will be happier. To alleviate a bad day, you just have to take a walk or visit a family member or friend. Or have a beer for a euro.
You don’t need to give your rooms to big companies because you feel bad.
Always check your expenses.
Today you can do it online. Almost all banks have virtual systems to view your accounts.
If you review them at least once a month, you will be avoiding improper payments, expenses you forgot, or even “bank mistakes.”
I had to pay 180 euros to a bank that all the Spanish rescued for deleting my account too late. I did not check it for a long time, and they were charging me monthly fees.
Buy winter clothes in summer and summer in winter.
Seasonal clothing is much more expensive.
If you buy the clothes you will wear next winter in summer you will save a lot of money because they make them very cheap.
And they are designs that are very similar not to say the same as those you will find «in season.»
Make a priority list.
If you have so many expenses that you don’t know where to start, take a pen and paper and make a priority list.
You will be aware of what is most important, and you can eliminate expenses that are not essential.
Make a budget
Organize your income and expenses, and be clear how much you want or can spend in the month. Creating a budget will help you be more specific and have more control over your finances.
I recommend you to be as specific as possible when creating this budget. Detail your monthly expenses very well and make sure to include them all, so they don’t take you by surprise later.
You also need to be very realistic. Focus the budget on what you want to spend, but at the same time, keep it strictly associated with your reality.
Discard unnecessary expenses but take into account the essential costs for you; otherwise, you will not be able to apply it, and it will be a useless tool.
Make short-term savings plans.
Sometimes it is much easier to aim to save for a specific period rather than to consider it in the long term.
For example, you can establish that you will save 20 euros/dollars weekly for one month. And after that month you change your structure and consider other types of saving money, such as eating homemade food during the next month.
This variation of your structure can make the saving money process more dynamic, fun, and even creatively challenging because you will invent different ways to save each month.
Give your savings a name.
Saving money will always be more effective if it is dedicated to something specific. If you have a particular savings money goal, you will automatically be more motivated, it will cost you less to give up some likes, and you will reserve the money with more desire.
For example, if you want to save money to travel to a heavenly beach, imagine yourself enjoying yourself on that beach.
Or if you want to take a professional development course, think about all the new opportunities that you will get as a result of that new knowledge.
If you keep in mind the reason why you are saving money, you will have a much better disposition to save.
Repair your clothes
Instead of replacing your clothes with new ones, take a moment to take a closer look at whether it is possible to repair them.
Many times a few simple stitches or a few cuts are enough to renew a piece of clothing that you were about to discard.
And if you are not very agile with sewing, you can take your garments to specific places and ask them to modify it according to what you want. It will always be cheaper to repair your clothes than to buy a new one.
Check out the free events in your city.
Going out and distracting yourself doesn’t necessarily have to mean spending money. There are many free activities very close to you, organized by the city council of your city or by private entities.
You can find everything from concerts and recitals to plays, exhibitions or film screenings.
Check the cultural agendas in your area; they are usually renewed every week. You will surely find exciting and fun options free or at a little cost.
Have a little vegetable garden
You don’t need a huge space to plant some vegetables. Producing them in your own home will give you many advantages.
First of all, you will guarantee that you will consume fresh and quality food, free of preservatives, dyes, and other chemical elements that can be harmful to your health.
And secondly, planting in your home will save you a lot of money, since you will not have to buy these foods in the supermarket, but you will be able to consume them just taken from your small garden.
Foods like tomatoes, spinach, rosemary, peppermint, peppers, and carrots can easily be planted at home.
Cancel services you don’t use
Sometimes when we subscribe to certain communications services, some extras are included that we never use.
Review the bills for these services and see if there is any functionality that you do not use or use very little. If you find it, remove it from your monthly plan.
Pay all your debts, especially the ones that earn you the most interest.
Understandably, you have had to get into debt at some point, some situations require it. However, I recommend that you do not get used to living in debt.
Getting into debt will bring you anguish and anxiety; it will end up generating a lot of stress, and it will make you spend more money than initially obtained as a consequence of interest.
In your list of priorities, place paying your debts among the first places. You will see that it will result in less expense and more peace of mind.
Share your house with a roommate.
If you have a spare room or even a comfortable sofa bed, you can consider the possibility of living with someone else and thus share expenses. Currently, there are several online platforms where you can rent your rooms.
Consider renting unused spaces in your home.
If you have a disused living room at home or a basement that you hardly use, you can consider the possibility of leasing it temporarily to people who carry out some activity. It can be a dance school, an occasional workshop, or it can even be used as a deposit.
Take a good look at the spaces in your house, identify which ones you can take advantage of and for which activity they can be more functional. You will be amazed at the number of people who may want to use your available space.
When you can, use Skype, WhatsApp, or other similar ways to communicate.
If you have a fixed-income internet at home or have access to an open Wi-Fi network, you can consider talking through applications that use this connection.
Tools like WhatsApp, Skype, Hangouts, and others will allow you to make voice calls, video calls, or send messages without spending additional money that is reflected in your phone line account.
Do more outdoor activities.
There are plenty of recreational, relaxing, and enriching activities you can do outdoors, and most of these are free. You can take a walk in a park, climb the mountain or enjoy a bright afternoon on a beach.
By increasing your outdoor activities, you will see how you will save more and obtain more significant benefits for your health.
Plan your meals for the week
The organization will always generate savings, both financial and time. If you plan your daily meals, you will be able to optimize your resources better and avoid last-minute purchases, as well as poor food management.
This will also allow you to know exactly how much food you will use weekly and monthly, so you can better organize yourself when shopping.
Planning your meals will also allow you to be creative with the menu, vary it, add new items, or reinvent old recipes. Adding this dynamism to an everyday task will make you more motivated when cooking.
If you like to drink tea or coffee, make them at home.
Buying coffee or tea on the street is much more expensive than buying it at home. If you keep track of what you spend monthly on these drinks, you will see that it is much more economical to prepare them at home.
Also, when you make coffee or tea at home, you can prepare them for your liking and vary the flavors if you want to try different things each time. You can also invite friends and share these drinks with them.
Get into the world of DIY
DIY is the initials of “Do it yourself,” “do it yourself” in Spanish. If instead of buying you dare to create, you can get excellent results: you will save a lot of money and develop skills that you may not have known you had.
There are many things you can do yourself: from jewelry and decorations, through shirts, dresses, and pants, to furniture and closets. It just takes a little patience, some tools, and some time.
By following the proper instructions, you will be able to build beautiful and quality objects by investing much less money than if you bought them in a store.
Track your savings progress
Once you’ve determined what your saving money strategy will be, constantly monitor progress in your savings fund.
This will let you know if the method you are using is working as expected; otherwise, you can always restructure your strategy and adapt it to your needs.
The most important thing to follow your progress when saving money is that this is a motivating factor. If you see that your income is effectively increasing, you will know that you get results, and you will have a better disposition when reserving your money.
Include your family and friends in the savings
It is difficult when you want to save, and your friends or family are on a different plan when they organize trips to expensive places or usually spend a lot of money.
One way to keep in touch with them even if you want to stop spending is to invite them to save with you.
They can structure a common strategy that works for several people, and even they can share with you specific experiences that help you in your savings dynamic.
The temptation can be very high when you have decided not to go out one night in order not to spend money, and your friends invite you to have a drink or to have dinner in a restaurant.
When this happens, always remember why you are saving money and stay focused on your goal.
You can invite your friends home, have a night of drinks or prepare together a dinner that will be cheaper.
Always try to find options and alternatives, but still keep the reason why you save as a priority; this will help you stay focused.
Eat more vegetables
In addition to being very healthy for your body, vegetables tend to be very cheap, so these are an ideal solution when it comes to saving money.
Meats are usually the most expensive on the supermarket bill so that you can buy less meat and more legumes.
Some legumes provide the same amount of protein, such as lentils and chickpeas, and they are also low in fat and high in fiber.
Freeze vegetables to last longer
If you freeze the vegetables, they will maintain freshness and flavor for much longer, allowing you to optimize their use and spend less money.
Foods such as zucchini, broccoli, cabbage, and cauliflower, among many others, can be perfectly frozen and consumed while maintaining all their properties. This will make you buy more widely and thus save more.
Go to public bookstores.
Public bookstores offer many free or very low-cost services. Here you can review books, borrow DVDs and movies, access ebooks, and browse magazines.
In many cases, you only have to register as a user of the bookstore for free or at a little cost to enjoy all these services. I recommend that you find out where the nearest bookstore is to you and ask about the services they offer.
Take advantage of offers.
In all establishments, you can find different offers: some are permanent, others are activated at a particular time of day, and others apply only under certain conditions.
When you go shopping, be very aware of what the deals of the day are. Even in some supermarkets, they give discounts on certain products when closing time approaches.
Look at the dynamics of the supermarkets you frequent. And take advantage of these discounts, in many cases. This will mean quite a significant saving money when purchasing a product.
Know the advantages of barter
Exchanging products with other people can give you many advantages. An item that may not be of much value to you can be exchanged for something you do need or want.
There are several websites dedicated to linking people interested in bartering, and these exchanges can be for clothing, footwear, products, services, and even accommodation.
The amount of money that you can save is significant, in addition to which you will take advantage of those objects that you no longer use frequently.
Check the expiration dates of the products
Sometimes people end up spending more money because the products they buy get damaged very quickly, and then they have to buy new ones.
To avoid this, I recommend that you be very aware of the expiration date of everything you buy.
Sometimes some products are cheaper because they will expire sooner; If you think you can consume them before they expire, you can take advantage of this to save more money.
Make the most of the food.
The amount of food that we throw away when cooking is incredible. You will save a lot if you take full advantage of the food.
For example, if you have fruit that is maturing a lot, you can make jams. You just have to cut the fruit and cook it over deficient heat together with sugar or honey, until it thickens.
Have pre-made food for those days when you don’t feel like cooking
There are days when you will not feel like cooking because you will be late for work or very tired. It is on those days when there is a tendency to be tempted, buy food, and spend more money than you should.
To anticipate this, I recommend that you have prepared some “emergency” foods. It can be a salad, soup with vegetables or some other food you can think of. You can reserve them in the freezer and only heat them when you need them.
Take advantage of seasonal fruits and vegetables.
In addition to eating fresh, choosing seasonal fruits will save you a lot of money, because they are always cheaper.
I invite you to identify what are the fruits of each season since you buy them at the time when they are cheapest, the money savings will be considerable.
It is effortless to lower the water bill by practicing some simple habits. For example, while you bathe, avoid leaving the water open when you are applying the shampoo or soap. Also, do not let the water run while you lather the dishes when washing them.
Another highly recommended option is to place water savers throughout the house. Many of these savers can reduce water consumption by 50%. This means that you can get to pay half of what you paid for the water service.
Watch your health
This is the most crucial tip on the list. Preserving your health will allow you to be active, functional and you will be able to produce money, instead of spending it.
Poorly healed ailments can lead to health complications that, in addition to being dangerous, can be incredibly expensive.
The best prevention is to take care of yourself. Exercise, eat healthily and practice relaxation activities. Avoid getting sick so you can have a better planning of your finances.