Advertising
Advertising

Eleven Genius, Creative Ways to Save Without Leaving Home

Eleven Genius, Creative Ways to Save Without Leaving Home

Let’s face it. You’re probably spending more money than you want to each and every month. With car payments, rent, mortgages, student loans, food costs, and dozens of other expenditures constantly draining your bank account, it’s a smart idea to save as much money as you can on the little things.

Plus, did you know that saving money can lower your stress level? It also opens the door for you to never have to say “no” to making a purchase that you really want or need.

Saving money is difficult, right? Surely only those who have mastered the art of self-control can possibly manage to create an aggressive budget that makes room for savings. You could make a budget and save some money but then you’d have to deprive yourself of all the things you like.

Actually, there are plenty of easy ways to save money right at home! That’s right! By making a few small changes to your habits you could start saving money right now. Check out these eleven great tips for saving money at home and add yours in the comments!

Advertising

1. Buy Gift Cards on eBay.

Love going out to eat? Do most of your shopping at a particular store? Do you know that you can shop eBay and find loads of people selling their old gift cards for a discount? In most cases you can save 10-20% off of the value of the gift card! In fact, I’ve got my eye on a few cards right now.

2. Use Coupon Websites.

If you’ve ever seen an episode of the TV show “Extreme Couponing,” you know just how incredible the savings can be when you shop with coupons. Tough work, you say? Coupon sites like Money Saving Mom can make saving with coupons a snap. There are also cash back sites like TopCashback, eBates, or Giving Assistant that can get you anywhere from 1% to 10% cash back on ordinary purchases that you make online. Not as hard as you thought, right?

3. Change Your Drinking Habits.

If your beverage of choice at home is a soda, you’re throwing money out the window every single time you open a can or bottle. Even more expensive than bottled soda is bottled water, which routinely costs 30% more than soda and about 20x as much as tap water. Do yourself a favor and stick with tap water. If you don’t trust your local drinking supply, a filter for your tap– or a filtered water pitcher– can still save you hundreds every year.

4. Use This Water-Saving Shower Trick.

We’ve all stood under the shower for what seems like an eternity, letting the warm water relax and soothe us. You just want to stay in the shower for hours. A money-saving technique I learned from One Good Thing by Jillee could cut your wasted water in half. Instead of standing under a running shower while you lather your hair and skin, simply use the water to wet and rinse yourself. By turning off the faucet while soaping up you can save gallons of water each time you shower.

Advertising

5. Set up Automatic Deposits into a Savings Account.

If you’ve looked at your bank account at the end of the month, you’ve probably asked yourself, “Where did all of my money go?” It’s easy to spend at the moment and leave nothing for later. If that’s true in your case you might need to “trick yourself” into saving money.

Try setting up automatic transfers to move $5, $10, or $20 at a time from your checking to your savings account throughout the month. In most cases, you won’t notice the money leaving your account until you see it begin to stack up in your savings at the end of the month! You could also try a service like Acorns, which rounds up each purchase you make and puts the extra money toward a stock portfolio of your choice.

6. Make Home Repairs.

You can save money by making small improvements to your home. Even simple changes like adding draft stoppers to your door or changing your furnace filter regularly can make a big difference, according to AC repair company Right Now Air. You should also consider installing low-flow faucets and/or toilets and adding more insulation to your home. The savings can add up big time throughout the year.

7. Unplug Appliances.

Are you familiar with the phrase “vampire power?” It’s your appliances using energy when they are not running but are left plugged in. Your television, phone charger, hair dryer, and laptop can all be unplugged when not in use, saving you money on your electric bill.

Advertising

8. Make Popcorn!

Have you ever noticed just how pricey your favorite brand of potato chips is? Despite the fact that potatoes are one of the cheapest commodities in the world, potato chips (and other salty snacks) can cost more money per pound than steak!

Instead of buying potato chips, try making popcorn at home. It’s cheap, simple, and can be flavored in dozens of different ways.

9. DIY Your Home Decor.

Buying expensive decorations at stores like Hobby Lobby or TJ Maxx (I love both but they’re pricey) can really hurt your bank account. Instead, find a great project on Pinterest and create these decorations yourself! You’ll cut the costs quite a bit and you will have a fun craft project to enjoy alone or with your family.

10. Ditch the Gym Membership.

An average gym membership can cost upward of $25 per month. That’s $300 in a year! Yowza. Save yourself a bundle by working out at home. YouTube is filled with an incredible number of workout guides that you can watch anytime, anywhere. My personal favorite is The Fitness Marshall.

Advertising

11. Cut the Cord.

If you’re still paying for a cable or satellite subscription, you’re missing out on huge savings. A membership to Netflix or Hulu will cost one-fifth the price of a satellite subscription and can provide just as many quality TV episodes and movies as your old dish or cable provider. Do yourself a favor and cut the cord.

Saving money doesn’t have to be boring, and it’s far from impossible. In fact, with these eleven simple tips you can start saving money right now without even leaving your house,

Leave a comment and let me know which tip you’re most excited to try!

Featured photo credit: 401(K) 2012/Flickr via flickr.com

More by this author

Jimmy Winskowski

Freelance Author

5 Reasons Why Humility is Important in Leadership Eleven Genius, Creative Ways to Save Without Leaving Home 17 Creative Ways to Kill Boredom In The Office Office Boredom 17 Creative Ways to Kill Boredom In The Office 18 Common Mistakes About Exercise Pointed Out By Experts

Trending in Money

1 How to Develop a Millionaire Mindset in 6 Simple Steps 2 How to Eat Healthy on a Budget (The Definitive Guide) 3 9 Millionaire Success Habits That Will Inspire Your Life 4 Top 5 Spending Tracker Apps to Manage Your Budget Smart in 2020 5 How to Set Financial Goals and Actually Meet Them

Read Next

Advertising
Advertising
Advertising

Last Updated on January 21, 2020

How to Develop a Millionaire Mindset in 6 Simple Steps

How to Develop a Millionaire Mindset in 6 Simple Steps

We all like to dream about being financially wealthy. For most people though, it remains a dream and nothing more. Why is that?

It’s because most people don’t set their mind to achieving that goal. They might not be happy in their current situation but they’re comfortable – and comfort is one of the biggest enemies of growth.

How do you go about developing that millionaire mindset? By following these simple steps:

1. Focus On What You Want – And Take It!

So many people are too timid to admit they want something and go for it. When there is something that you want to accomplish don’t think “I could never actually do that”, think “I could do that and I WILL do that”.

Millionaires play to win, not to avoid defeat.

This doesn’t mean to have to become a selfish jerk. What it means is becoming more assertive and honest with yourself. You don’t have to grab off other people. There is a big pot of unclaimed gold in the middle of the table — why shouldn’t you be the one to claim it? You deserve it!

Advertising

2. Become Goal-Orientated

It’s almost impossible to achieve anything if you don’t set firm goals. Only lottery winners become millionaires overnight. By setting yourself attainable goals, you will get there eventually. Don’t try to get rich quickly — get rich slowly.

Let’s take the idea of making your first million dollars and expand on what kind of goals you might set to get there. Let’s also say you’re starting at a break-even position – you’re making enough to get by with a few luxuries, but nothing more.

Your goal for the first year can be having $10,000 in the bank within a year. It won’t be easy but it is doable. Next, you need to figure out the steps you need to take to achieve that goal.

Always look at ways to make growth before cutbacks. With that in mind, you might want to see if you can negotiate a pay rise with your boss, or if there’s another job out there that will pay better. You might be comfortable in your old job but remember, comfort stunts growth.

You may also have other skills outside of your workplace that you can monetize to boost your bank balance. Maybe you can design websites for people, at a fee of course, or make alterations to clothes.

If this is still not enough to make the money you need to save $10,000 in a year, then it’s time to look at cutbacks. Do you have a bunch of old junk that someone else might love? Sell it! Do you really need to spend $10 on your lunch everyday when you could make your own for a fraction of the cost?

Advertising

If you are to become a millionaire, you need to start accumulating money.

Here’re some tips to help you: How to Become Goal Oriented and Achieve More in Life

3. Don’t Spend Your Money – Invest It

The reason you need to accumulate money is for step three. Millionaires tend to be frugal people, and that’s because they know the true value of money is in investing. Being your own boss goes hand-in-hand with becoming a millionaire. You’ll want to quit your regular job at some point.

Stop working for your money and make your money work for you.

Rather than buying yourself a new iPad, that $500 could be used to invest in the stock market. Find the right shares (more on that later), and that money could easily double within a year.

There’s not just the stock market — there’s also property, and your own education.

Advertising

4. Never Stop Learning

The best thing you can invest in is yourself.

Once most people leave the education system, they think their learning days are over. Well theirs might be, but yours shouldn’t be. Successful people continually learn and adapt.

Billionaire Warren Buffet estimates that he read at least 100 books on investing before he turned twenty. Most people never read another book after they’ve left school. Who would you rather be?

Learn everything you can about how economics works, how the stocks markets work, how they trend.

Learn new skills. If you have an interest in it, learn everything you can about it. You’d be surprised at how often, seemingly useless skills, can become extremely useful in the right situation.

Start developing the habit of learning continuously: How to Create a Habit of Continuous Learning for a Better You

Advertising

5. Think Big

While I advise to start off with small goals, you absolutely should have a big goal in mind. If you have a business idea, then that is your ultimate goal – to start that business and make a success of it. If you want to invest your way to millions of dollars and do little work other than research, then that is your big goal.

There is no shame in not achieving a big goal. If you run a business and aim to make $1 million profit in a year and “only” make $200,000, then you’re still significantly ahead of most people.

Aim for the stars, if you fail you’ll still be over the moon.

6. Enjoy the Attention

To be successful, you have to be willing to promote yourself and enjoy the attention to a certain extent. Now the attention doesn’t need to be on yourself, it could be on your brand, but attention definitely attracts money.

Never be embarrassed to get your name out there. That means finding a spotlight and being brave enough to step right up underneath it.

If you run a business, try contacting the local papers. You’d be surprised at how amenable they often are to running a story about you and your business, and it’s all free publicity.

Above all, remember: You control your own destiny. Push hard enough for anything and you’ll get it.

More About Thinking Smart

Featured photo credit: Austin Distel via unsplash.com

Read Next