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10 Money Saving Tips for a Balanced Life

10 Money Saving Tips for a Balanced Life

Money means a lot, no matter where one is at present on the financial journey, but we all know it is possible that a single incident can turn the table around. So it’s important to save money for a financial crisis. Following are some saving tips that can help to monitor your spending habits.

1. Start selling, stop collecting

People have many things which they are not using. But still, they keep these things. In the first place, one should not buy such things, but since you already have them. try to to sell them off. Today we have number of online sites where we can our stuff; and use the funds for number of other worthy financial goals.

2. Sign up for free customer rewards

There are number of retailers who are attracting the customers by giving out reward point for every purchase you make no matter where you live. So try to sign up for such. Just create a Yahoo or Gmail address just for this purpose and collect as many cards you can. One can add these discounts and rewards to earn points on purchases at the store by using rewards credit cards for cash back or some other benefits. Remember the above point and buy only what you need.

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3. Decide your shopping list and stick to it

Create a list before you go for grocery shopping, it’s the easiest way to save money as you will buy only things which are there on your list. When you are without a list, you tend to end up with unplanned purchases and making impulse buys, things that cost you money but are not really required.

Creating a shopping list not only helps you to buy items that fit your meal plan, it also helps in avoiding buying food which you might waste. It’s not about creating a list, but more importantly, sticking to it, that makes all the difference.

4. Declutter that closet

Look in your closets and find everything and anything which you are not using any more. Don’t just throw it away, use it for your benefit. You can sell those on eBay or the consignment shop, or donate it for the tax deduction. All of these options result in money in your pocket for the old stuff you don’t want anymore. Decluttering is also psychologically refreshing experience.

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5. Move your bank account to get more perks 

Now a day’s banks are offering a number of benefits to lure the customers, like greater interest rate or zero monthly fees for your saving account. Try to do a  research of newest banking offers in market. Some banks even offer sign up bonuses just for opening an account and for setting up direct deposit.

6. Avoid convenient foods and fast food

Instead of nuking on prepackaged dinner or fast food when you get home, one should try to make something healthy and simple for yourself. An hour’s worth of preparation will leave you with a number of easy, cheap snacks and dinner options. This will not only save your money, but also keeps you healthy which is an even better result than just saving money.

7. Install LED or CFL wherever required

You can save money by being careful in your use of electricity. One should make use of energy efficient light bulbs that might cost a bit more, but have a longer life than normal bulbs. These use less electricity which results in saving money on your electricity bills. There are two types of bulbs you can use: CFLs or LEDs. Though LEDs are a bit more expensive than CFLs, they light up instantly, doesn’t get too hot, and last for decades.

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8. Remove your credit card details from online sites

People tend to save time by saving their credit card details in online account. Its easy way to buy things just clicks and buys, which leads to unnecessary purchases. The best way to avoid this is simply delete your card information from your account.

In that way, you be forced to dig out your card and look for details which will give you some time to think whether you really need this or not. It is irritating filling the details time and again. Sometimes being forced to do these extra steps is all you need to convince yourself that you do not need these items.

9. Do price comparison

Most of us buy grocery from the same store without even realizing that some other stores have better deals. Just prepare the list of things you want to buy, and then shop the same items at different stores each time. Thus eventually, you will find which store has cheaper rates. Just make this store your regular shopping point and you will be able to save some money.

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10. Avoid using credit cards

People use credit cards out of temptation, for impulse buys. You should use it for emergencies only. Hide credit cards by keeping them at a safe place in home, not in the wallet. Try not to carry it around as we sometimes we end up buying things which are not required, resulting in loss of money.

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Abhay Jeet Mishra

Writer at Lifehack & Enterested.com

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Last Updated on June 20, 2019

50 Businesses You Can Start In Your Spare Time

50 Businesses You Can Start In Your Spare Time

Most people want a few more dollars in their wallets. But between an employer and family, the time most of us can devote to a second job is severely limited. Running a small side business can provide a few more options: you don’t have to show up at a set time and you can use skills you already have. Not all will be perfect for everyone, of course, and I’m sure that you’ll have a few ideas of your own after reading this list. If you’d like to share any other business ideas, please add them in the comments.

  1. Selling collectibles — From antique books to teddy bears, there are plenty of opportunities to buy and sell collectibles. It’s important to familiarize yourself with the collectible of your choice but if you choose something that you’ve been collecting for a while, you’ve got a head start.
  2. Locating apartments — It can take time to sort through apartment listings, but you can make some money by finding the perfect apartment for a renter.
  3. Baby proofing — New parents often prefer to bring in an expert to make sure their home is safe for a new baby.
  4. Calligraphic writing — If you’ve got elegant handwriting, you can pick up gigs writing or addressing wedding invitations, holiday cards and more.
  5. Selling coupons — Search on eBay for coupons right now and you’ll see thousands of listings for coupons. It’s just a matter of clipping and listing what you find in your Sunday newspaper.
  6. Pet training — A surprising number of people don’t know where to start in training a pet. Even teaching Rover simple commands like ‘Sit’ and ‘Stay’ can bring in a few dollars.
  7. Running errands — A wide variety of people want to outsource their errands, from those folks who aren’t able to leave their homes easily to those who have a busy schedule.
  8. Researching family trees — Amateur genealogists often call in experts, especially to handle research that has to be done in person in a far off place. If you’re willing to go to a local church and copy a few records, you can handle many family tree research requests.
  9. Supplying firewood — The prerequisite for selling firewood is having a source of wood; if you’ve got some land where you can cut down a few trees, you’ve got a head start.
  10. Hauling — As more people trade in their SUVs for compact cars, hauling is becoming more important: people have to rent a truck or hire a hauler for even small loads.
  11. Image consulting — Image consultants provide a wide variety of services, ranging from offering advice on appearance to teaching etiquette.
  12. Menu planning — For many people, the trip up in eating home-cooked or healthy meals is knowing what to prepare. Meal planners set a schedule to solve certain dietary problems.
  13. Microfarming — Cultivating food and flowers on small plots of land allows you to sell produce easily.
  14. Offering notary public services — Notary publics can witness and authenticate documents: a service needed for all sorts of official documents.
  15. Teaching music — If you’re skilled with a musical instrument, you can earn money by offering lessons.
  16. Mystery shopping — Mystery shoppers check the conditions and service at a store and report back to the store’s higher-ups.
  17. Offering research services — Just by reading up on a topic and compiling a report on it can earn you money.
  18. Personal shopping — Personal shoppers typically select gifts, apparel and other products for clients, helping them save time.
  19. Pet breeding — Purebred pets can be quite value, especially if you can verify their pedigree.
  20. Removing snow — During the winter months, shoveling walks can still be a reliable way to earn money. You might be asked to take care of the driveway too.
  21. Utility auditing — As people become environmentally-concious, they want to know just how efficient their homes are. With some simple testing, you can tell them.
  22. Offering web hosting services — Providing server space can be lucrative, particularly if you can provide tech support to your clients.
  23. Cutting lawns — An old standby, cutting lawns and other landscaping services can provide a second income in the summer.
  24. Auctioning items on eBay — Want to get rid of all your old stuff? Stick it up on eBay and auction it off.
  25. Babysitting — Child care of all kinds, from babysitting to nannying, can offer constant opportunities.
  26. Freelance writing — If you’ve got the skills to write clearly, you can sell your pen for everything from blogs to advertising copy.
  27. Selling blog and website themes — Do a little designing on the side? Customers that don’t want to pay full price for a website will often pay for a template or theme.
  28. Offering computer help — Particularly with people new to computers, you can earn money by providing in-home computer help.
  29. Designing websites — It may require a little skilled effort, but designing websites remains a reliable source of income.
  30. Selling stock photography — For shutterbugs, an easy way to put a photography collection to work is to post it to a stock photography site.
  31. Freelance designing — Check with local businesses: you can provide brochures, business cards and other design work and get paid a good fee.
  32. Tutoring — Math and languages reamin the easiest subjects to find tutoring gigs for, but there is demand for other fields as well.
  33. Housesitting / petsitting — Stopping in to check on a house or pet can earn you some money, and maybe even a place to stay.
  34. Building niche websites — If you can put together a site on a very specific topic, you can put targeted ads on it and make money quickly.
  35. Translating — The variety of translating work available is huge: written word, on the spot and more is easy to find even on a part-time basis.
  36. Creating custom crafts — No matter what kind of crafts you make, there’s likely a market for it. Etsy remains one of the easiest places to sell crafts.
  37. Setting up a wi-fi hotspot — With a little bit of equipment, you can set up a wi-fi hotspot and charge your neighbors for the access they’ve been ‘borrowing.’
  38. Selling an e-book — You can write an e-book about almost anything and put it up for sale online.
  39. Affiliate marketing — If you’re willing to market other companies’ products, you can earn a cut of the sales.
  40. Renting out your spare room — From looking for a long-term roommate to listing your guest room on couch surfing sites, that spare room can make you money.
  41. Offering handy man services — Handling small household tasks can provide you with plenty of work, although you’ll probably be expected to have your own tools.
  42. Teaching an online class — Share your expertise through a website, an online seminar or variety of other methods.
  43. Building furniture — For those with the skill to create handmade furniture, selling their creations is often just a matter of advertising.
  44. Providing personal chef services — Personal chefs prepare meals ahead of time for customers, leaving their customers with a full freezer and no mess.
  45. Event planning — From planning corporate events to bar mitzvahs, an event planning business can require plenty of work and offer plenty of pay.
  46. Installing home safety products — Particularly as Baby Boomers age, people able to install handrails and other home safety products are in demand.
  47. Altering / tailoring — If your sewing skills are up to par, altering garments is coming back as people try to stretch more wear out of their clothing.
  48. Offering in-home beauty services — Hair cuts, makeup and other beauty services that can be performed at home have a growing demand.
  49. Business coaching — Helping others to establish and develop their businesses can provide many opportunities to earn money.
  50. Writing resumes — Writing resumes can provide a reliable income, especially if you can put a polish on a client’s credentials.

There are plenty of offers that claim to provide you with the opportunity to make thousands of dollars a week. Unfortunately, none of these businesses will provide that sort of income, but they aren’t scams either. They were chosen because they all require a minimum investment to get started — some require nothing more than a flyer advertising your business. Even better, if you do enjoy any of these businesses, there is a potential with most of them to continue to expand — perhaps even to the point of going full time.

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Featured photo credit: Omar Prestwich via unsplash.com

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