Saving money is never a bad thing, whether you’re a billionaire or simply someone who’s working an honest nine to five. Many people get a sense of satisfaction from shaving a few dollars worth of savings here and there – and what they say is true: it really does add up in the end. There are a number of little things you can do that can help in a significant way as you try to save more money. Some of these things are seriously easy to implement into your daily life, and you can get started today. You might be surprised at how much extra cash you have at the end of each month.
Remember, a little extra cash can go a long way. You can use that money for a vacation at the end of the year. Maybe treat yourself to a new snowboard or a designer handbag. It can all be possible with just a few simple steps here and there.
Here are ten small things you can do to save money this year:
1. Sell Your Unwanted Items
Most of us have houses full of unwanted junk that we never get rid of. You could take that stuff to the dump, or you could sell it all on Craiglist or a similar site for passive income.
People will even drive to your home to pick up the items so that it won’t take a second out of your day. Also, even if you’re selling your stuff for a few dollars, you’ll still make a profit. You can even sell certain things for free, as it saves you from making a trip to the dump or a thrift store.
2. Buy Clothes That Last
While it might seem counterintuitive, cheap clothes aren’t always a smart investment. By buying fewer clothes that stand the test of time, you’ll end up saving more money in the long run.
This goes hand in hand with another useful tip: Try to stay away from buying “trendy” clothing. You’ll only end replacing it in a few months, and timeless fashion is almost always more mature and eye-catching anyway. By focusing on buying only what you actually want, you can save some serious cash.
3. Buy Used Cars
When your car breaks down, or you need to replace it, it’s often tempting to buy the latest model fresh off the factory floor. If you’d like to save a little extra cash, buy a used car instead. Even if you buy last year’s model, there won’t be a massive difference in quality or reliability, and you’ll save an insane amount of money.
There are several places you can go to buy used Ford cars for sale, Nissan used cars for sale, Toyota used cars for sale or any other brand or model that interests you. We recommend going to trusted, reputable car dealers instead of buying through people you meet on the internet. You’ll get a great deal, and there’s usually some type of warranty or guarantee in place.
4. Pack Your Lunch
This is a seriously easy way to save money that almost anyone can do, starting today. Buying lunch can become a habitual luxury, and the drainings on our savings are almost unbelievable. By packing your lunch, you can easily save hundreds of dollars per month.
Packing your lunch doesn’t have to be boring, either. Go the extra mile with your packed lunches, and you can eat healthier, tastier food at a fraction of the price.
5. Cancel Your Memberships
Most people have a slew of memberships that they don’t need. Maybe you subscribe to a magazine that you never read. Perhaps you’re subscribed to a streaming service that you never actually watch. Maybe you pay for online gaming when you don’t even play video games anymore.
This includes cable or satellite TV. You can watch quality videos on the internet for free these days. Cutting out these memberships can immediately have a serious impact on your spending each month. We’re often not even aware that we’re still subscribed to these things until we check our financial statements.
6. Rent Out Your Space With Air BnB
This is probably a method to make money rather than save money, but we’re including it all the same. If you have an extra room or a basement that never gets used, you can seriously rake in cash each year with Air BnB.
Most people who get involved with this method absolutely love it, and they end up making high passive income each year. If you’re comfortable with other people staying in your space for a few days each month, this is an excellent option for some extra side cash.
7. Learn How To Fix Things
The internet provides us with a wealth of information, and there’s no reason you should be hiring a handyman to do minor jobs for you when you can learn how to do it yourself instead.
Whether you’re looking on YouTube or a range of DIY sites, it should be pretty easy to figure out how to fix almost anything that goes wrong in your house or your car. At least try to figure it out before you call someone to do it for you.
8. Grow Your Own Food
This option might be easier for those who have a backyard, but almost anyone can grow a few herbs and veggies on their windowsill or under a grow light. You’d be surprised at how much you can save when you produce your own food.
Not only that, but it’s very satisfying to eat food that you’ve grown yourself. You may find that your veggies taste much better than store-bought.
9. Make Your Own Coffee
Many of us are guilty of spending way too much at our local coffee shop. It’s no secret that the price of a single cup of coffee is massively inflated, so do yourself a favor: Make your own coffee and take it with you in a thermos.
This is by far, one of the simplest things you can do to save cash, and the savings can be surprising.
10. Don’t “Stress Spend”
Last but not least, we should talk about the emotional aspects of spending too much. We often spend money when we’re feeling stressed or down, so it might be a good idea to address your emotions before you spend money in the future.
Perhaps by the end of the year, you will have saved enough to take a family vacation that won’t break the bank.