Saving money isn’t easy for everyone. In fact, sometimes it’s almost impossible. Here are some insanely genius ways to save money this month. Don’t worry, these saving money tips are doable!
I get it sometimes, saving money isn’t easy. In fact, sometimes it’s extremely difficult!
It always rubs me the wrong way when people think saving money is a simple task.
Like, read the room …
Frankly, assuming everyone can just because you can, lack empathy and foresight.
Insanely Genius Ways To Save Money
Firstly, in order to save money, one has to make money and enough of it to pay for necessities.
Therefore, if someone is struggling to pay for their necessities as per Maslow’s hierarchy of needs, saving money will be much harder for them.
However, while saving money can be such a challenge depending on your situation, it’s not impossible!
Here are a few items you can stop buying to help you save money!
- If you are a Starbucks addict, start by making your own coffee drinks
- Eat before going to the movie theater
- Prepare your meals at home
- Buy used books, avoid buying new books
- Use cashback services and coupons
- Avoid expensive phone plans
- Don’t purchase new phones every year
- Pay for warranties only when it makes financial sense
- Avoid paying bank fees
- Stop buying famous brand designer products
- Don’t buy more expensive products, find more affordable substitutes
- DIY when it makes financial sense
- Avoid wasting money on insurance
- Wait for better deals during popular sales like Black Friday
- Avoid subscribing to several subscription services
- Don’t buy things just because it’s on sale
- Grocery shop with a budget in mind and stick to that budget
- Avoid procrastinating and paying extra to make up for time
- Buy used instead of new items when it makes financial sense
- Avoid paying for Apps when similar free apps do the same thing
- Stop wasting money on utility bills
- Avoid impulsive shopping for comfort
- Stop paying for things to impress others
Smart Ways To Save Money #1: If you are a Starbucks addict, start by making your own coffee drinks
You will be surprised by all the money you will save by just preparing your Starbucks copy drinks at home.
Here are some Starbucks copycat drinks. Enjoy!
Smart Ways To Save Money #2: Eat before going to the movie theater
Movie theater food is expensive, so eat before going to the movie theater and/or sneak in a few snacks.
Smart Ways To Save Money #3: Prepare your meals at home
Spending money buying meals for breakfast, lunch, and dinner can easily cost you hundreds a month.
Therefore, save money by preparing your meals at home! All in all, they will be cheaper and taste better!
Smart Ways To Save Money #4: Buy used books, avoid buying new books
New books always cost more than used books. So, ditch the habit of buying new books if you want to save money.
Smart Ways To Save Money #5: Use cashback services and coupons
Always use cashback services like Rakuten, TopCashback, and coupons whenever you can – avoid paying full price for goods and services when others are paying less.
Smart Ways To Save Money #6: Avoid expensive phone plans
Expensive phone plans rarely provide that much benefit to justify the cost. Therefore, find cheaper phone plans to save money.
Smart Ways To Save Money #7: Don’t purchase new phones every year
Purchasing a cellphone every year makes cellphone providers more profitable and keeps you broke.
Therefore, if you’re struggling to provide for your necessities, avoid expensive new phones every year.
Smart Ways To Save Money #8: Pay for warranties only when it makes financial sense
Only pay for warranties for really expensive products, otherwise, avoid getting scammed by these companies. Instead, self insure your purchases.
Smart Ways To Save Money #9: Avoid paying bank fees
Bank fees are one of the most pestering fees around.
However, they are ways you can avoid situations that will result in you paying bank fees. For instance, to avoid late fees, pay the bank on time.
To avoid overdraft fees, check your bank balance before making purchases or opt-out of the overdraft service provided by your bank.
To avoid ATM fees and money transfer fees use peer-to-peer payment apps like Cash App and use cashback services offered by retailers like Walmart, and for paper statement fees, opt for digital bank statements.
There are other ways to avoid paying bank fees, find out more here.
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Smart Ways To Save Money #10: Stop buying designer products
Designer products should be avoided if saving money is your top priority.
Instead, find more affordable alternatives for expensive designer products you like.
Smart Ways To Save Money #11: Don’t buy more expensive products, find more affordable substitutes
Don’t buy a more expensive product because you think it’s better quality because that is not always the case according to Moneyning.
Instead, find more affordable substitutes.
Smart Ways To Save Money #12: DIY when it makes financial sense
DIY projects are such a fun way to say money. However, not all projects should be DIY.
Therefore, if it makes financial sense, DIY to save some money.
Smart Ways To Save Money 13: Avoid wasting money on insurance
Depending on the situation, you might not have a choice but to pay for the insurance.
However, that doesn’t mean you don’t shop around for the best deal. Therefore, always shop around before selecting an insurance package.
Smart Ways To Save Money #14: Wait for better deals during popular sales like Black Friday
Shopping is fun, but you know what’s better? Shopping for items on sale!
Therefore, unless it’s an emergency, always wait for popular sales events like Black Friday to save money on seasonal deals.
Smart Ways To Save Money #15: Avoid subscribing to several subscription services
Subscription services can help you save a lot of money. However, subscribing to various subscription services all at once can be expensive.
Therefore, don’t go overboard.
Smart Ways To Save Money #16: Don’t buy things just because it’s on sale
Don’t buy a product just because it’s on sale – buy it because you need it!
This mindset can save you a lot of money in the long run.
Smart Ways To Save Money #17: Grocery shop with a budget in mind and stick to that budget
Grocery shopping is becoming more costly every month.
That’s why grocery shopping on a budget is important. Therefore, create a grocery budget and stick to it.
Download: Grocery Plan Sheets
Smart Ways To Save Money #18: Avoid procrastinating and paying extra to make up for time
Procrastination is a bad, expensive habit. Therefore, avoid it by improving your time-management skills and keeping yourself accountable.
Smart Ways To Save Money #19: Buy used instead of new items when it makes financial sense
Unless buying a used item will cost you more in the future, buy used. In general, you save money.
However, be careful because some used items are not worth the trouble.
Smart Ways To Save Money #20: Avoid paying for Apps when similar free apps do the same thing
If there’s an app you like, find a free alternative before you purchase the app.
Smart Ways To Save Money #21: Stop wasting money on utility bills
Stop wasting money on utility bills including cable bills, water bills, electricity bills, gas bills, and internet bills.
Find ways to reduce your usage or switch to companies that offer better deals to save money.
Smart Ways To Save Money #22: Avoid impulsive shopping for comfort
Impulsive shopping is another expensive bad habit that makes saving money very hard, especially if you’re struggling.
Therefore, avoid impulsive shopping by dealing with your problems head-on – don’t try to shop them away.
Smart Ways To Save Money #23: Stop paying for things to impress others
Don’t do it. Stay in your lane, mind your business and live your life.
Even if, people you know are doing it – don’t pay for any goods and services in hopes of impressing people you don’t even like, or they don’t even like you or notice you
In general, buying things to impress people is one sure way to go broke or remain broke.
Overall
Remember, one of our financial goals is to win with money to improve our lives!
Therefore, don’t give up! Instead, continue to be consistent and intentional!
Related Post: Top Quotes About Wasting Money
